Jul 31, 2018
Do you know about cost segregation studies and how they apply to new tax laws? There are exciting changes regarding shorter-life assets that will have a big impact for investors. Immediate expensing will be a boon for real estate. It offsets income made and all other income, then it carries forward indefinitely. However, most business owners hate accounting. It gets in the way and is a distraction from what they should be doing. That’s why there is Duckett Ladd.
Today, my guest is Bill Ladd, a CPA and co-owner of the full-service Duckett Ladd firm that specializes in real estate. He spends a lot of time on Section 42 properties, which features a low-income credit that incentivizes developers to build in depressed communities. But a lot of regulations and rules go along with such development. Even so, Duckett Ladd decided to zero in on this market, own that space, and add value for people.
Topics on Today’s Episode:
Links and Resources Mentioned:
“I cut my teeth very early on in the multifamily space and really spend a lot of time on Section 42 properties.” Bill Ladd
“As I’ve kind of grown up in my career and watched other people, it’s really fun to watch because you see certain people that just have it figured out.” Bill Ladd
“There’s all kinds of ways the IRS tries to trip you up.” Bill Ladd
“I don’t think we even understand the depth of how much this is going to help when it comes to generating cash flow by saving on taxes.” Bill Ladd
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