Tag: Real Estate

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Essential Tax Strategies for Real Estate Investors with Vanessa Wallace Clunies (Ep. 131)

Essential Tax Strategies for Real Estate Investors with Vanessa Wallace Clunies (Ep. 131)

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Are you aware of the tax savings opportunities you’re missing by not employing cost segregation in your real estate investments? 

Get ready to uncover the untapped potential of tax method changes that could revolutionize your approach to wealth management!

This week, Michael Parise and guest Vanessa Wallace Clunies from Tax Method Experts guide you through the complexities of cost segregation and tangible property regulations. 

Tune in and discover how these can not only save you taxes but also ensure regulatory compliance!

Key talking points include: 

  • The importance of cost segregation for accelerated depreciation benefits
  • Why tangible property regulations are mandatory and crucial for compliance; finding out if you’re at risk
  • How tax method changes can provide substantial deductions and reduce your tax liabilities
  • The importance of partnering with specialists to navigate complex tax codes effectively
  • And more!

Connect with Vanessa Wallace Clunies:

Connect with John and Michael Parise:

About Our Guest: 

Vanessa Wallace Clunies is the CFO and COO of Tangible Property Tax Methods, LLC, a tax method change firm specializing in Tangible Property Regulation (TPR) compliance, method changes for large service providers, and cost segregation. She is an associate of the ASCSP and has over 9 years of experience in Tangible Property Regulations compliance and the preparation of thousands of IRS Form 3115 Change in Method of Accounting. 

Vanessa supervises all of the engineers of TPTM who perform the detailed work to support the entity’s cost segregation reports, in addition to providing the tax insights that are key in this real estate profession. 

Working closely with her father and the country’s expert on the TPRs, Eric P. Wallace, CPA, this dynamic duo has found to date over $300M in deductions for clients. She has analyzed over 1,000 depreciation schedules and has created corresponding tax deduction schedules with various permitted IRS automatic and non-automatic method change designated changes. 

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Cost Segregation In Real Estate with Isaac Downing (Ep. 92)

Cost Segregation In Real Estate with Isaac Downing (Ep. 92)

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Cost segregation in real estate has been a taboo subject for many investors. 

However, there are several tax benefits to consider when implementing cost segregation within the properties you own.

In this episode of The Truth About Wealth, Michael Parise sits down with Isaac Downing, regional director at Capstan Tax Strategies. Isaac unpacks the ins and outs of cost segregation and its role within your real estate properties. Isaac also details Capstan’s approach to supporting clients with different case studies around the subject.

Isaac discusses:

  • The advantages of cost segregation
  • Tax laws affecting cost segregation
  • What you should know about bonus depreciation 
  • Who qualifies for cost segregation 
  • And more!

Resources:

Connect with John and Michael Parise:

Connect with Isaac Downing:

About Our Guest:

Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies.  Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies.

It’s not typical for salespeople to have accounting and engineering experience, but Isaac is anything but ordinary.  A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance. 

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Learn How To Allocate Your Assets To Meet Goals (Ep.83)

Learn How To Allocate Your Assets To Meet Goals (Ep.83)

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Do you know what to do when the markets are saturated?

A good idea is to reallocate your assets to protect your investment portfolio.

This week, John and Michael Parise go back to basics with a conversation on asset classes. They categorize them while explaining what to do with them, what to expect from them, and how to protect them.

John and Michael discuss:

  • How CDs work
  • What are the pros and cons of bonds
  • Stock investing and when you should buy into the market
  • Real estate as a wealth-producing asset
  • The truth about investing in gold, silver, and commodities to balance out stresses in the market
  • And more!

Resources:

Connect with John and Michael:

 



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Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part Two (Ep. 80)

Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part Two (Ep. 80)

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In today’s market, many investors and clients are coming off of a decade of strong stock market wins and are now wondering, what’s next? With inflation concerns running rampant, many people are starting to look at the real estate asset class for answers.

In this episode John and Michael Parise welcome back guests Steven Kantor and Michael Brown for part two of a two part series on real estate investing.

John, Michael, Steven, & Michael discuss:

  • What opportunity zones are truly opportunities
  • How to leverage opportunity zone tax incentives
  • The use of DSTs in client’s real estate holdings
  • Why clients might consider shifting from stocks to real estate 
  • And more

Connect with Steven Kantor and Michael Brown

Connect with John and Michael:

About Our Guests 

Steven Kantor is CEO of S2K, where he is responsible for overseeing the strategic direction of the firm. Steven has over 35 years of principal investing and investment banking experience, and throughout his career has raised several billions of dollars for REITs and other real estate companies via IPOs, CMBS financings and other forms of equity and debt financing. Previously, Steven was an Executive Managing Director and Global Head of Investment Banking at Cantor Fitzgerald, as well as Chairman and Co-Founder of CCRE, Cantor Fitzgerald’s affiliated commercial real estate lending platform. Prior to Cantor Fitzgerald, he held several senior roles at Credit Suisse. Steven earned a B.A. from Syracuse University and a J.D. from American University.

Michael is the Head of Real Estate Capital Markets at S2K. Prior to his role at S2K, Michael held a principal position at Sabbatical, was director of debt strategies at Fairstead, and was the Senior Managing Director at Cantor Commercial Real Estate, among other roles. He holds a Bachelor of Science from Cornell University. 

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Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part One (Ep. 79)

Investigating the Real Estate Asset Class with Steven Kantor & Michael Brown, Part One (Ep. 79)

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Real estate is an asset class that comes up in almost every single client meeting. And, while it is a must-have in any portfolio, real estate is a broad asset class that is changing and evolving generation by generation. 

In this episode John and Michael Parise welcome guests Steven Kantor and Michael Brown for part one of a two part series where they discuss all things real estate. From how an investor should start to assess the real estate market to some key macrotrends in the space, Steven and Michael provide some important insights into the real estate market landscape that you won’t want to miss.

John, Michael, Steven, & Michael discuss:

  • How to decide where to play in the real estate market 
  • Different end-goals of owning real estate investments
  • Macro trends in the real estate market
  • The retail submarket
  • And more

Connect with Steven Kantor and Michael Brown

Connect with John and Michael:

About Our Guests 

Steven Kantor is CEO of S2K, where he is responsible for overseeing the strategic direction of the firm. Steven has over 35 years of principal investing and investment banking experience, and throughout his career has raised several billions of dollars for REITs and other real estate companies via IPOs, CMBS financings and other forms of equity and debt financing. Previously, Steven was an Executive Managing Director and Global Head of Investment Banking at Cantor Fitzgerald, as well as Chairman and Co-Founder of CCRE, Cantor Fitzgerald’s affiliated commercial real estate lending platform. Prior to Cantor Fitzgerald, he held several senior roles at Credit Suisse. Steven earned a B.A. from Syracuse University and a J.D. from American University.

Michael is the Head of Real Estate Capital Markets at S2K. Prior to his role at S2K, Michael held a principal position at Sabbatical, was director of debt strategies at Fairstead, and was the Senior Managing Director at Cantor Commercial Real Estate, among other roles. He holds a Bachelor of Science from Cornell University.