The Dirty Secrets of Cost Segregation with Frank Giudici

Published: Aug. 5, 2021, 5 a.m.

b"Frank Giudici is a native New Englander who graduated in 2004 from a top-ranked engineering school in Massachusetts as a civil engineer. He started his professional career in the Construction Management industry, which exposed him to the designing, procuring, scheduling, and building of CRE across the country ranging from high-rise apartments to office buildings to semiconductor facilities. After 14-years in the Construction Management industry, Frank turned his sights to the world of Cost Segregation\\u2026a fluke move that could not have resulted in a better fit. He is now the Northeast Business Development Director for one of, if not THE, largest independently-owned Cost Segregation provider in the country and loves the value-add insight he provides to clients on a daily basis!\\n\\xa0\\n[00:01 - 06:13] Opening Segment\\nFrank\\u2019s journey from school projects to real estate\\nLooking for a change and stumbling on cost segregation\\n\\xa0\\n[06:14 - 15:57] The Dirty Secrets of Cost Segregation\\nFrank shares about his truth brigadeGetting scammed and working for a conman\\n\\nFinding legitimate cost segregation providersUtilizing ASCSP\\nHelping spread the word to keep new investors from scams\\n\\nFrank talks about ASCSPFounders versus Fraudulent Cost Segregation Community\\n\\nBeing a CPA is not enough.\\nWhat it Takes to be a Cost Segregation Provider\\xa0\\n\\xa0\\n[15:58 - 25:47] Cost Segregation Providers\\nWhere new cost segregation providers go wrong\\nWhat can be segregated versus what can\\u2019t\\nIt\\u2019s not always common sense!\\nFrank talks about unit pricing to make results skyrocket\\nOpening people\\u2019s eyes in decision making as a cost seg provider\\nCost segregation providers are not just commodities.\\n\\xa0\\n[25:48 - 37:35] Closing Segment\\nQuick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.\\n\\nWhat is the best investment you've ever made other than your education?$500,000 worth single family home\\n\\nFrank\\u2019s worst investmentRenovating his first multifamily too much\\n\\nWhat is the most important lesson that you've learned in business and investing?Do your due diligence\\n\\nConnect with my guest. See the links below.\\n\\xa0\\nResources Mentioned:\\nAmerican Society of Cost Segregation Professionals\\nMarshall & Swift\\nRSMeans\\n\\xa0\\nTweetable Quotes:\\n\\u201cThere\\u2019s a lot of con artists and fraudulence out there in the industry.\\u201d - Frank Giudici\\n\\u201cBeing a CPA doesn\\u2019t cut it.\\xa0 Just because you\\u2019re a CPA, doesn't mean you can open a cost segregation firm.\\u201d - Frank Giudici\\n\\u201cNumbers can be manipulated to the nth degree to make the estimate work.\\u201d - Frank Giudici\\n------------\\nConnect with Frank through fgiudici@bedfordteam.com, LinkedIn, and https://www.bedfordteam.com/\\xa0\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes"