Flipping America 555, Cost Segregation
b'There are a lot of big words and complicated ideas that make up the world of real estate investing. My job is not only to help you understand them, but to also entertain you in the process. How\\u2019s this for entertainment? If you master today\\u2019s topic, you could save or defer tens of thousands of dollars in tax liability. Today on Flipping America! Cost segregation sounds like a topic you might cover in finance or accounting courses and although not as complicated as \\u201cinternal rate of return\\u201d or as obtuse as the \\u201cweighted average cost of capital\\u201d, it definitely needs a sexier name. How about \\u201cSave a pile of money on Taxes\\u201d? Well, there are several ways to do that, so we need something more descriptive. After thinking long and hard about all the possibilities, I\\u2019ve decided that \\u201ccost segregation\\u201d is as good as we are going to get. Our guest today, David Wiener, is known as \\u201cMr. Cash Flow\\u201d has been involved in the business of business for over 30 years. His experience includes 10 years as a medical practice administrator, COO of a medical billing company, and years of business and tax consulting, speaking, and educating. The CEO of Cash Flow Strategies, Inc., David has worked to assist practices, businesses, and individual real estate investors across the US to maximize their cash flow and become more efficient. David is a recognized expert in A/R management and engineering-based cost segregation. David has spoken across the US and internationally for over 25 years to medical and dental groups and societies, CPA groups, business associations, Chambers of Commerce, and commercial real estate groups. He leads CPE training for CPA groups annually as well as workshops on tax strategies for owners of commercial and investment property. His engaging style and quick wit have made him a favorite of large and small audiences coast to coast, and has attracted many return engagements.'