What happens when you discover there's a tax planning tool you've never heard of that could save you thousands on property sales—and it's been available all along?

In this continuation episode, Diana Gipe from Core reveals advanced tax planning strategies that go far beyond basic cost segregation. She introduces recapture analysis, a service Angel had never encountered despite years in real estate investing, which helps investors understand the true cost of selling properties with accelerated depreciation. Diana explains how Core's internal CPA can project recapture scenarios 3-5 years into the future, enabling better investment decisions and exit planning. This conversation explores the relationship-driven approach that sets Core apart in a saturated market, year-end tax deadlines, and how providing additional value like annual recapture projections could differentiate syndication sponsors in competitive markets.

[00:01 - 04:00] Understanding Recapture Analysis

• How recapture analysis helps investors plan for property sales 3-5 years in advance

• Why Core's internal CPA with 25+ years of cost segregation experience provides these projections

• The mathematical reality of passive investment recapture when multiple deals sell simultaneously

[04:01 - 07:30] Strategic Tax Planning Beyond Cost Segregation

• How recapture analysis becomes a competitive differentiator for syndication sponsors

• Why providing annual recapture projections with K-1s could set sponsors apart

• The concept of cost segregation as a comprehensive tax planning strategy, not just a one-time service

[07:31 - 10:00] Relationship-Driven Service Philosophy

• Diana's personal approach: knowing clients by name and understanding their long-term goals

• How Core supports investors from first property to 10+ property portfolios

• The emotional satisfaction of helping clients avoid large tax bills or receive unexpected refunds

[10:01 - 12:05] Year-End Timing and Market Realities

• How December closings can still benefit from same-year cost segregation

• Why September through year-end becomes the busiest period for tax planning

• Core's ability to handle last-minute requests while maintaining quality standards

Connect with Diana and Core: https://www.linkedin.com/in/dianagipe/

Key Quotes:

"Knowledge is power... we wanna make sure that you're equipped long term so that when you're going into buying properties, you can call me on the fly." - Diana Gipe

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What does it mean when a cost segregation company has zero IRS disallowances in 18 years of business—and why does that matter more than ever with the IRS forming dedicated cost seg review teams?

In this episode, Angel Williams sits down with Diana, Director of Operations at Core, to discuss why quality matters more than price in cost segregation services. Diana explains Core's rigorous engineering process, including on-site property visits and detailed documentation that has resulted in zero disallowances over 18 years. She reveals how the IRS has formed specialized cost segregation review teams as bonus depreciation approaches its sunset, and shares practical strategies like lookback studies for older properties and piggyback studies for renovations. This conversation covers the difference between fly-by-night operators doing "virtual walkthroughs on cell phones" versus professional engineering firms, plus Core's additional services including tax credits and disposition studies.

[00:01 - 06:00] Quality vs. Price in Cost Segregation

• Why Core's 18-year track record with zero IRS disallowances matters for audit protection

• How the IRS has formed dedicated cost segregation review teams as 100% bonus depreciation sunsets

• The difference between $2,000 "trunk of the car" operators and professional engineering firms

[06:01 - 12:00] Engineering Process and On-Site Visits

• Why Core's engineers visit every property instead of relying on virtual walkthroughs

• How detailed documentation includes everything from flagpoles to flooring materials

• The value of engineers advising on CapEx spending before renovations begin

[12:01 - 17:00] Lookback and Piggyback Studies

• How 481 forms allow one-time lookback studies for properties purchased 3-5 years ago

• Why piggyback studies can accelerate depreciation on completed renovations separately

• The strategic timing of cost segregation for capital improvement projects

[17:01 - 20:40] Beyond Basic Cost Segregation Services

• Disposition studies for properties undergoing major renovations or demolition

• Additional tax credit services: 45L credits, 179D credits, and green retrofits

• How Core acts as a "business consulting firm" rather than just a cost segregation provider

Connect with Diana and Core: https://www.linkedin.com/in/dianagipe/

Key Quotes: "Out of that 18 years, we've had zero disallowances. And that's because our engineers take this serious. A lot of them have worked internally for the IRS." - Diana Gipe

"It's like winning the lottery. Do you want your money now or later? It's yours. Just take it now while it's still here." - Diana Gipe

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What happens when you combine syndication education with a deep-dive Q&A about industrial real estate operations—and discover why "ugly buildings that cash flow are sexy"?

In this final episode of the three-part series, Daniel Holmlund wraps up his industrial flex space presentation with syndication fundamentals and answers Angel's detailed operational questions. He explains the difference between 506B and 506C offerings, preferred return structures, and how LLC partnerships distribute income and depreciation benefits. Angel dives deep into practical concerns: temperature control systems, security requirements for specialized tenants like seed storage, and the complexities of triple net lease agreements. This conversation reveals the technical infrastructure behind industrial properties, from 480-volt circuits powering massive chillers to the cost-benefit analysis businesses make when choosing between long-haul trucking and local storage solutions.

[00:01 - 06:00] Syndication Structure Fundamentals

• How 506B requires pre-existing relationships while 506C allows public advertising to accredited investors

• The typical 70-80% limited partner vs 20-30% general partner income split structure

• Understanding preferred returns (6-10% range) and how excess cash flow gets distributed

[06:01 - 12:00] Industrial Infrastructure Deep Dive

• Why industrial properties require 480-volt circuits vs residential 20-volt systems

• The $250,000-$300,000 cost of industrial chillers and why backup systems are essential

• How temperature and humidity control requirements vary dramatically by tenant type

[12:01 - 17:00] Security and Specialized Tenant Considerations

• How patented seed storage requires both temperature control and enhanced security measures

• Why tenant-specific security arrangements work better than shared security systems

• The flexibility of industrial spaces to accommodate diverse business models and scaling needs

[17:01 - 20:30] Investment Philosophy and Market Reality

• How supply chain disruptions drive businesses toward local storage solutions

• Why "buildings that cash flow are sexy" despite aesthetic prejudices

• The predictability advantage of boring, cash-flowing industrial properties over volatile alternatives

Connect with Daniel:

LinkedIn: https://www.linkedin.com/in/daniel-holmlund/

Key Quotes:

"Usually 70 to 80% of the partnership income is allocated to the limited partners. 20 to 30% is allocated to the general partners." - Daniel Holmlund

"You're less likely to be wiped out to zero than in some other investment opportunities." - Angel Williams

Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

What if you could buy a property that cash flows from day one, has tenants who've been there for 10+ years, and just experienced 22% rent growth while multifamily struggles with competition?

In this continuation episode, Daniel Holmlund dives deep into the mechanics of industrial flex space investing and why it's outperforming traditional real estate sectors. He explains how supply chain disruptions created a "computer cache" effect—businesses want inventory stored close to consumers rather than sitting on ships at sea. Daniel breaks down the advantages of triple net leases where tenants pay utilities, taxes, and maintenance, plus shares real examples of how flexible spaces allow businesses to scale up without relocating. This conversation explores the predictable cash flows, long-term tenant relationships, and 10-year projections that make industrial flex space attractive for retirement planning investors.

[00:01 - 05:00] Performance Metrics That Beat Multifamily

• How industrial flex space achieved 22% rent increases compared to struggling multifamily returns

• Why occupancy remains strong near ports, airports, and centralized hub locations

• The "flight to quality" investment thesis as competition drives down multifamily returns

[05:01 - 10:00] The Computer Cache Analogy for Supply Chain

• How businesses create storage layers: global shipping, US land-based, and last-mile facilities

• Why 10x increases in trans-oceanic shipping costs drive near-consumer storage demand

• Real examples: toilet paper hoarding and just-in-time inventory failures during COVID

[10:01 - 15:00] Triple Net Lease Advantages and Risks

• How tenants pay rent plus utilities, taxes, insurance, and common area expenses

• Why $250,000 chillers and temperature control costs are tenant responsibilities

• The critical importance of lease audits and understanding complex tenant obligations

[15:01 - 20:30] Predictable Cash Flow and Long-Term Planning

• How 10+ year tenant relationships create day-one cash flow opportunities

• Why industrial tenants rarely relocate compared to residential or short-term rental turnover

• Building 10-year financial projections for retirement planning versus unpredictable stock market

Connect with Daniel:
Email: daniel@growyourbusinesswithai.com
LinkedIn: https://www.linkedin.com/in/daniel-holmlund/

Key Quotes: "Industrial flex space has increased its rent by 22%. This is an area that is significantly outperforming multifamily properties." - Daniel Holmlund

Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

What happens when a 25-year software engineer discovers that illiquid real estate assets outperform the volatile stock market—and finds the next big opportunity in industrial flex space?

In this episode, Angel Williams sits down with Daniel Holmlund, founder of the Alternative Investing Club and Good Samaritan Capital, to explore why industrial flex space represents an untapped opportunity for real estate investors. Daniel explains how supply chain disruptions post-pandemic have created massive demand for last-mile storage and flexible industrial spaces. He shares his journey from converting 80% of his tech portfolio into real estate and reveals his "Five Pillars of Risk" framework for evaluating commercial deals. This conversation explores current market fundamentals, including $11 trillion in untapped home equity and why 25% of homeowners with sub-3% mortgages won't sell, creating continued real estate strength despite economic uncertainty.

[00:01 - 05:00] Why Illiquid Assets Beat Market Volatility

• How Daniel converted 80% of his portfolio from stocks to real estate over 4-5 years

• The philosophy of preferring predictable investments over great but volatile ones

• Why contracts and time delays in real estate provide stability during market panic
  
  

[05:01 - 12:00] Real Estate Market Fundamentals That Prevent Crashes

• $11 trillion in borrowable home equity across the US (more than half of GDP)

• Why 43% average homeowner leverage and 40% free-and-clear homes create stability

• How 25% of homeowners with sub-3% mortgages will never sell, limiting inventory
  
  

[12:01 - 17:30] The Five Pillars of Risk Framework

• Why managers are the #1 risk factor in any commercial real estate deal

• How to evaluate markets across 420+ different US real estate cycles

• The importance of clear business plans and regulatory-friendly environments
  
  

[17:31 - 20:20] Industrial Flex Space: The Post-Pandemic Opportunity

• How supply chain fragility created 420 million square feet of new industrial demand

• Why businesses want last-mile storage instead of overseas dependency

• The boom in near storage and flex storage since the pandemic began
  
  

Connect with Daniel:
LinkedIn: https://www.linkedin.com/in/daniel-holmlund/

Key Quotes:
"I would rather have a good investment that is predictable than a great investment that could go up and down and it's hard to tell." - Daniel Holmlund

Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

What if you could use cost segregation tax benefits with just 100 hours of work instead of 750—and still keep your high-paying W-2 job?

In this advanced episode, Angel Williams continues her conversation with Gian Pia from KBKG to explore sophisticated tax strategies that most investors never discover. Gian reveals the short-term rental loophole that allows W-2 employees to materially participate with only 100 hours instead of the nearly impossible 750-hour real estate professional requirement. They dive into the complexities of 1031 exchanges with carryover basis, why you need a real estate-specialized CPA, and how passive income limitations actually work in practice. This conversation also covers KBKG's audit support services and provides a discount code for listeners ready to implement these strategies.

[00:01 - 06:00] 1031 Exchange Complications and CPA Selection

• How carryover basis and excess basis work in complex exchanges

• Why you need a CPA who specializes specifically in real estate investing

• The critical questions to ask accountants about cost segregation knowledge and willingness

[06:01 - 11:00] Real Estate Professional Status Reality Check

• Why W-2 employees almost never qualify for real estate professional status

• The 750-hour requirement plus the "more than any other business" rule

• How even documented proof may not be enough for IRS approval

[11:01 - 16:00] The Short-Term Rental Game Changer

• How short-term rentals (30-day average stays) fall under hospitality rules

• The 100-hour material participation requirement vs. 750 hours for traditional rentals

• Why this allows high-income W-2 employees to use cost segregation benefits against ordinary income

[16:01 - 21:15] Practical Implementation and Audit Protection

• How passive income limitations work across all rental properties

• KBKG's included audit support services with their $500 software

• Discount code: ACADEMY2025 for 10% off at costsegregation.com

Connect with Gian:
LinkedIn: Gian Piazza (the only one in the world!) https://www.linkedin.com/in/costsegregationservices/
Website: costsegregation.com

Key Quotes:
"There's way too much in the tax code to understand it all unless you niche down and you focus on one or two industries." - Gian Piazza

"Most of the people in the accounting world don't just offer up information to you. You have to ask the right questions to get the information." - Angel Williams

Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

What if you could use cost segregation not only to accelerate depreciation, but also to reduce capital gains taxes and even offset income across multiple properties?

In this episode, Angel Williams continues her conversation with Gian Piazza from KBKG to dig deeper into advanced tax strategies. Gian explains how energy efficiency incentives like Section 179D and PACE loans work, what passive investors need to know before starting, and why planning ahead for recapture and 1031 exchanges is so important. You’ll also learn how small property owners can now access tools once reserved for big investors, and how long-term planning creates significant wealth-building opportunities.

[00:01 - 05:00] Beyond the Basics of Cost Segregation

• How smaller property owners can now leverage cost segregation

• The phase-out of energy tax incentives and what it means for investors

• Section 179D deductions explained for larger commercial projects

[05:01 - 10:00] Energy Incentives and Financing Options

• How PACE loans finance energy retrofits while preserving capital

• Pairing loans with deductions for additional leverage

• Property tax considerations with energy-focused financing

[10:01 - 14:30] First Steps for New Rental Owners

• What investors should do immediately after buying a rental property

• Why choosing the right tax advisor makes all the difference

• How passive investors approach deductions differently

[14:31 - 18:00] Offsetting Income and Capital Gains

• Using cost segregation across multiple properties to reduce tax liability

• How deductions can offset both passive income and capital gains

• When cost segregation may not be the right choice

[18:01 - 22:30] Recapture, 1031 Exchanges, and Long-Term Strategy

• What depreciation recapture means and why it matters

• How 1031 exchanges help protect investors from recapture

• The wealth-building strategy of exchanging until step-up in basis

Connect with Gian: https://www.linkedin.com/in/costsegregationservices/

Key Quotes:

“Passive investors have to be careful—you need the right structure to actually benefit from cost segregation.” – Gian Piazza

“If you’re thinking long-term, exchanges and planning for recapture are just as important as the deductions you get up front.” – Angel Williams

Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention you’re part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

What if you could get $44,000 in extra tax deductions in year one instead of spreading them over 27 years—and it only cost you $500 to make it happen?

In this episode, Angel Williams sits down with a cost segregation expert from KBKG to explore how new technology is democratizing tax benefits that were previously only available to million-dollar property owners. He explains how cost segregation works by identifying building components that wear out faster than the standard 27-39 year depreciation schedule, and reveals how their revolutionary $500 software makes these studies accessible to properties as small as $150,000. This conversation breaks down the time value of money concept, explores the 10-year window for implementing cost segregation, and discusses exciting expansions into commercial properties that will help even more small-town investors maximize their tax benefits.

[00:01 - 06:00] Cost Segregation Fundamentals and Process

• How cost segregation speeds up depreciation by identifying shorter-lived building components
• The difference between 27-39 year straight-line depreciation and accelerated write-offs
• Real example: turning $10,000 annual deductions into $54,000 first-year deductions
• Why the IRS requires qualified engineers and the detailed documentation process

[06:01 - 12:00] Breaking the Million-Dollar Barrier

• How KBKG's software democratizes cost segregation for properties under $1 million
• The revolutionary $500 online tool that works for residential properties with 6 units or less
• Why properties as small as $150,000 can now benefit from cost segregation
• The 15-minute online process that generates IRS-audit-tested reports

[12:01 - 17:30] Timing and Property Considerations

• The 10-year window for implementing cost segregation on existing properties
• Why refinancing doesn't reset your depreciation basis
• How the software works for individual properties but requires separate studies for each
• Special considerations for friends with mixed residential and commercial portfolios

[17:31 - 21:30] Future Expansion and Market Impact

• Plans to expand software capabilities to commercial retail properties within 6-12 months
• How small-town investors buying up main street properties will benefit
• The paradigm shift from helping only large investors to serving everyone

Connect with Gian: https://www.linkedin.com/in/costsegregationservices/

Key Quotes:

"I want to save taxes now, not later... don't pay Uncle Sam early. Why pay him earlier than you have to?" - Gian Piazza

"Not paying out cash today is the same thing as being able to hold those dollars... not giving out money is the same as putting it in your pocket." - Angel Williams

Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!