Essential Tax Strategies: Save Big with These Expert Tips

Brett McCollum (00:00.662)
All right, guys, welcome back to the show. I am your host, Brett McCollum, and I am here today with Bernard Reisz. Today we’re to be talking about CPA strategies. Before we do, guys, at Investor Fuel, we help real estate investors, service providers, and real estate entrepreneurs to 5x their businesses to allow them to build the businesses they’ve always wanted and live the lives they’ve always dreamed of. Without further ado, Bernard, how are you,

Bernard Reisz (00:26.19)
Doing awesome, great to be here on the Investor Fuel Show and looking forward to an episode that hopefully will pour a lot of fuel on the Investor Fire.

Brett McCollum (00:36.452)
I love that. Man, I couldn’t have done a better intro myself. That was perfect, Bernard, good job. Hey, it was good catching up with you a little bit, getting to know you, your business a little bit, that thing. Can you do me a favor and of rewind us back a little bit, take us on a journey here? Catch us up to speed. Who is Bernard?

Bernard Reisz (00:53.294)
Let’s do it. think at the, you know, kind of break it down and take it down to like most granular level, more than anything, I view myself as a, really a scholar. Like it’s a big term, but it means I really enjoy knowledge and research almost for its own sake.

Brett McCollum (01:04.442)
Yeah.

Bernard Reisz (01:13.966)
And then fast forward when I kind of became initially, you know, got my accounting degree and was in, you know, doing audits of forensic auditing and tax work and advisory, any particular topic that I came across, I used to kind of take a super deep dive.

Brett McCollum (01:14.031)
Yeah.

Brett McCollum (01:31.704)
Right.

Bernard Reisz (01:36.608)
into these niches as they arose. And I did honestly see most of the folks around me were not doing that. You know, kind of stayed to what the core of what you expected somebody in the field to do. So kind of took these things.

these different niches as developed the expertise and turned them into their own business. And here we are today where we kind of deliver what we call the tax trifecta for real estate investors, which is 10 through one exchanges, cost segregation and self-directed retirement accounts. Each one has its place. Sometimes they can all work in tandem and some investors will use one, two or three of them.

Brett McCollum (01:54.02)
Mm-hmm. Right?

Brett McCollum (02:06.426)
Cool.

Bernard Reisz (02:22.06)
They have their ways of working together to help investors juice their returns and keep more money in their pockets, more cash flow for themselves and away from Uncle Sam.

Brett McCollum (02:35.628)
Love that. That’s very, okay, that’s very cool. Nobody in the history of me recording has said to me, I’m a scholar. That is so cool, by the way. So congratulations, you were the first. I love that, by the way. And I think that’s, the way, for what it’s worth, are different people. think you might find here very shortly, is not a scholar. I kid. Tell me like, growing up.

Is that something you’ve always kind of like, you know, learning and growth that way? Has that always been a passion of yours?

Bernard Reisz (03:09.568)
absolutely. As a kid, I would be really frank, people thought like I read the encyclopedia as a hobby. But, you know, there was always that pursuit of knowledge and kind of wanting to know everything about everything and to be really thorough about it and really try to understand it and kind of get down to the fundamentals. So it’s not just about gathering fragments of knowledge. It’s about really understand

Brett McCollum (03:23.034)
Sure.

Bernard Reisz (03:39.454)
to get and integrating them and working with them and seeing hey what can we actually do with this and in a way tax law there’s certain things about tax law that I love and certain things tax law that I don’t.

Brett McCollum (03:45.882)
Sure.

Bernard Reisz (03:53.23)
that I’m not so enamored with. So I’ll tell you first what I don’t love about tax law. What I don’t love about tax law is that it is a totally and completely like human construct. Like if I were to talk about like, what do I want to nerd out about? In a way it’s like, hey, physics, biology, medicine, like those are real integral.

parts of reality. If you’re a person of faith, that’s almost like touching the divine, if you’re getting involved with that. In contrast, like, hey, if we got rid of taxes, I think everybody would celebrate. Wouldn’t it be great if we didn’t have taxes? On the other hand, taxes, tax law is like, what’s amazing about it is it’s like pure abstraction. So if somebody is like,

Brett McCollum (04:17.412)
Yeah.

Bernard Reisz (04:44.698)
loves mind exercises, just loves using their brain and working with conceptual things. Tax is a complete abstraction. It’s an incredible mental exercise to work with thousands of sections of code and regulations and case law. So it’s very, very rewarding and gratifying mental exercise.

Brett McCollum (04:59.651)
Interesting.

Brett McCollum (05:11.626)
Yeah You okay cuz I was gonna be part of my and I think I see it now like how does a person that’s you know You know a scholar and somebody that’s going like how do you land in that space and that makes so much sense now I wanted to say I want to back up a little bit highlight something you said though, you know knowledge is You like consuming knowledge was really good. But how do I apply that knowledge? That’s wisdom at that point, right?

And so there’s a difference.

Bernard Reisz (05:38.608)
yes, applied knowledge.

There’s like the pure science and then there’s the applied science.

Brett McCollum (05:46.318)
Yeah, and I think it’s the same thing. It’s the idea that common sense isn’t so common, you know, meaning that you can know things all you want, but if you can’t put it into practice, it doesn’t matter. You know, like my daughter, she’s eight, okay? She is…

wonderfully smart and I’m like, wow, that I don’t know. And I know she probably got it more from my wife, but I’m like, this girl is marketably smarter than the average bear kind of thing. But then she’s so flighty. So we’re working on teaching her how to apply the knowledge that’s come in. And she’s eight, of course.

Bernard Reisz (06:32.994)
Yeah, it comes with time, you know what? I think it’s like, kind of let them spread their wings, let them find themselves before, like the app, the practical application in a way is like the enemy of the abstract. It forces you to kind of land on the ground and it’s gotta happen eventually, but I think like, you know, having a lot of time and just that purely conceptual phase, letting the mind.

Brett McCollum (06:38.446)
Sure. Yeah.

Brett McCollum (06:48.794)
Yeah.

Bernard Reisz (06:59.186)
develop and expand unhindered. That’s a beautiful thing. So I would say, definitely. It’ll probably come with time. The realities of life in a way dictate, it forces it.

Brett McCollum (07:01.465)
Yeah.

Brett McCollum (07:08.698)
Unfortunately, too, right? Yeah. It’s for it’s it’s a it’s both good and bad in some ways, you know, like kids are so great to watch because they haven’t been told they can’t. You know, and I think it’s really powerful to see that. But back up to this, though, and.

I had no idea the way you just kind of explored the this idea of using tax code and using that as an abstract because in my head it’s very just black and white this is what it is you know and the way you said that I’m like maybe I’m not just this but maybe other things I’ve looked at also from that just black and white perspective like it’s yes or it’s no. When did you first

jump into, like what kind of dipped the toe in the water from an accounting perspective from numbers? Like has it always been about numbers? it always, like what got you really ultimately interested in taxes?

Bernard Reisz (08:10.254)
So it’s really not numbers, taxes really isn’t numbers. And even true accounting, I would say, is not numbers. I find it very interesting, people are like, oh, you’re a numbers guy. I am actually enumerate, I would say. am not, Accounting has many different components to it, and you’ll find different accounts do different things. So like,

Brett McCollum (08:25.112)
Hmm.

Brett McCollum (08:31.642)
Sure.

Bernard Reisz (08:36.728)
Real accounting has nothing to with taxes. It’s really about categorizing and characterizing transactions. It’s like taking, what a business did, looking at all their numbers and…

Brett McCollum (08:50.468)
Right.

Bernard Reisz (08:51.606)
defining each transaction. Now, some businesses, it’s very straightforward. On larger, more complex businesses, it can be very difficult. that’s why we have something called general, right, there’s GAP. Accounting principles that are used and GAP has its own rules, how to classify transactions. But typically, that’s to produce financial statements. So that’s what accounting really is. It’s about looking at a transaction

transaction and understanding it and saying how do we classify this. The numbers, calculator will do that. know, taxes has its own set of rules, its own set of accounting rules, how to classify transactions, what the tax impact is of transactions. Now, for me, the first real deep dive was actually something called captive insurance.

Brett McCollum (09:47.181)
Okay.

Bernard Reisz (09:49.262)
And I remember working with the insurance, various insurance regulators. So it has an insurance component to it and it has a massive tax component to it. That was kind of like our first real deep dive working through the employee benefit side, working through the property casualty side and working through the various IRS rulings, case law, code and regulations on that topic.

Brett McCollum (10:18.233)
Right.

Bernard Reisz (10:19.216)
That goes back, I’d say, about 11, 12 years ago. That was a real niche project where it was done for a particular client. Then all of you find yourself, you’re like, hey, I’m now the master of this. Every insurance regulator wants to know how long have you been doing this? Which law school did you go to?

Brett McCollum (10:26.266)
Okay.

Bernard Reisz (10:44.462)
And that was where I realized, I really like taking this route, going the deep dive and from there kind of one thing led to the next, know, and niching down into these specific tax services.

Brett McCollum (11:02.33)
Dude, that’s incredible. All right, let’s talk about those a little bit. You mentioned the trifecta earlier. Can we kind of start at the top and work our way through each of those, kind of define it a little bit? Because some of our audience may, we’ve all heard of different things, but maybe kind of give a loose definition for each one.

Bernard Reisz (11:20.802)
Certainly. So, you one of the most wonderful things about real estate investing is that you get to take advantage of some of the fabulous sections of the tax code that…

keep more pocket, more money in your pocket, allow you to generate economic income and economic gain without reporting any income to the IRS. So from a strict real estate perspective, think like the go-to, the first one to talk worth talking about is cost segregation. Cost segregation is a, gives you,

Brett McCollum (11:36.495)
Yeah.

Bernard Reisz (12:01.696)
It allows you to take the depreciation deductions that your property would produce up front. So typically your property will give you depreciation deductions over 27 and a half or 39 years. Through a cost-sex study, you get to take a very, very large chunk of that.

in year one, creating very substantial tax losses that can either offset any other income that you’ve got and to the extent you’ve got extra losses be carried forward.

to subsequent years. So when somebody buys a property, typically the first tax service they’re going to be getting is a cost segregation study to create and give them that big tax loss. Again, the beauty of it is it’s not a financial loss. It’s only a loss for tax purposes. So before we move on, anything I should add to that. Obviously, each one of these topics is very deep and very broad. Any questions about the little synopsis?

Brett McCollum (13:04.632)
Yeah, I think it’s a great, great overview on that. The question, guess, would be, you take all the, it’s 27 and a half, let’s call it 27 and a half on this one, and you take most of it up front. How much up front, and then what happens in years like five, six, or seven? If you take them all up front, do you have to then pay them back later kind of thing?

Bernard Reisz (13:06.448)
Thanks.

Bernard Reisz (13:27.042)
Great question. And the short answer is that there are very few freebies. are some freebies in the tax code, but almost everything that you kind of take, at least theoretically, you’re supposed to pay back eventually, but there are ways to manipulate that. But at least to answer the question, when you take, buy a property, and let’s use round numbers. You buy a property for a million dollars. Sell it the next day for a million dollars.

have no taxable gain because you bought it for a million, you sold it for a million. Suppose you bought it for a million, you sell it 27 and a half years later for a million, what’s your taxable gain going to be? A million. Now why is that? You bought it for a million, you sold it for a million.

Your tax regain is going to be a million and again I’m oversimplifying is because over the 27 and a half years you fully depreciated the property which means each year you took a tax deduction equal to a portion of that million dollar purchase price

Brett McCollum (14:18.66)
Sure.

Bernard Reisz (14:33.018)
So by the time, 27 and a half years later, your basis in the property, what we call your adjusted basis, is down to zero because you took deductions for the full purchase price. So if you sell it 27 and a half years later, your gain is, you sold it for a million and your remaining basis is zero, you have a million dollar gain.

Brett McCollum (14:52.92)
Yeah.

Bernard Reisz (14:54.156)
That’s how it would work. And with cost segregation, right, you get down, you reduce your basis way faster, right? So after year one, you’ve already taken off a huge amount of basis because you took a deduction. You took that depreciation and an accelerated schedule. So technically when you would sell it, you would have to recapture it.

But that’s where 1031 exchange comes in. So it’s like they work hand in hand. A 1031 exchange will defer most of your recapture. if you do any type of capital gain on the way in, you do a cost segregation. On the way out,

Brett McCollum (15:21.092)
Sure.

Bernard Reisz (15:39.214)
do a 10-31 exchange. So they kind of work together. So you get to kind of have your cake and eat it too. Call a second the way in, 10-31 exchange the way out.

Brett McCollum (15:40.972)
Yeah.

Brett McCollum (15:51.194)
Makes a lot of sense. then, so I guess since we’re on the subject of 1031, same thing. 50,000 foot view of it. And then we can ask some nuance if we need to. Question.

Bernard Reisz (16:02.798)
Certainly. So this is in the tax code since 1921, the concept of exchanging property. If you do an exchange, no gain or loss is recognized when an exchange happens. So way back then, what that meant was, I had a horse, you had a horse, we swapped horses.

Even if my basis and my horse was $20, when I got it, a $100 horse in exchange for that, no gain is recognized. The logic behind that is number one, there’s continuity of investment, kind of you can get as you never exited. You really stayed in the deal, so to speak. Secondly,

you don’t have any cash, right? And it isn’t really right for Congress to try to make you pay taxes when the transaction didn’t give you any cash, right? The IRS is not gonna take a horse, and they’re not gonna take half a horse, right? So you have no cash after you swap horses. Same with real estate. So if I’ve got a piece of real estate that I bought for…

Brett McCollum (17:00.282)
I’m not.

Bernard Reisz (17:14.198)
a million and I, you know, rather than selling it for two million dollars in cash, I swapped it for a two million dollar property, no taxable gain would be realized because I swapped my land for somebody else’s land. Now, very seldom does an exchange actually happen that way.

Brett McCollum (17:32.334)
Right.

Bernard Reisz (17:38.83)
So that’s why you have what’s called a 1031 qualified intermediary to enable what’s known as a deferred exchange. Because how often does it happen that I want to swap, John wants to swap with Jane? So typically, John is selling his property to Jane, but the next property that he’s gonna get is not coming from Jane, it’s coming from Jill.

Brett McCollum (18:03.386)
Correct.

Bernard Reisz (18:05.294)
So how do we make that happen? And typically they’re not happening on the same day. So that’s what we have to tent everyone qualified into mediary service that allows you to have an exchange transaction that involves multiple parties and takes place over an extended period.

Brett McCollum (18:10.799)
Right.

Brett McCollum (18:26.041)
Mm-hmm.

Bernard Reisz (18:26.19)
and still be treated as an exchange for tax purposes. You satisfy those rules for the exchange. You sold the property. Within six months, you bought another property. No taxes recognized, no gain recognized. You got your new property. Uncle Sam is out in the cold.

Brett McCollum (18:47.458)
And to clarify, these are like kind and or bigger than the property that you, have to be, they have to be like the other property or better. Is that correct?

Bernard Reisz (18:58.19)
So two key words there. We call them like-kind exchanges, which means the properties have to be like-kind to each other. But for the most part, even though like-kind is so key to 1031 exchanges,

It’s almost irrelevant now. Previously, you can do an exchange on personal property. I you could exchange horses, boats, baseball teams. So we have to know what’s like kind, right? Can I swap a plane for a baseball team? No, that’s not like kind. But since TCJA, like kind exchanges are limited to real estate only.

Brett McCollum (19:25.347)
Right.

Brett McCollum (19:30.649)
Right.

Bernard Reisz (19:43.392)
And just about all real estate is like kind to all real estate. There’s some question marks, some questions, but in 98 % of, So basically in the world of real estate, it’s almost a moot point. So everything is like kind. Now in terms of going equal to or up in value, that’s not a technical requirement for a valid exchange.

Brett McCollum (19:51.322)
Could you trade up from residential to commercial? Is that possible?

Bernard Reisz (20:13.162)
It is a requirement if you don’t want to any taxes. So you can actually buy less.

So say and you’ll have to pay some taxes. So there’s something called a partial exchange, which means hey I sold a property for and I’m gonna oversimplify I sold a property for a million You know all in my sales, know, I sold it, you know after I netted, know sale price a million dollars Let’s say selling cost is 950. So that’s it. There’s no debt So I ended up selling what’s called it sold for 950 right million dollar sales price minus 50k of selling expense

So I have a 950 sale. My replacement property is, you know, 850. So, you know, after we adjust for purchase price and closing costs, right, it adds up to 850. So we have that $100,000 Delta. That $100,000 may be taxable.

but it’s still a valid exchange. It doesn’t disqualify the exchange, it just means the exchange may be partially taxable.

Brett McCollum (21:16.26)
Got it.

Brett McCollum (21:22.542)
Very good. Yeah, that makes perfect sense. Yeah, I’ve kind of had that question in my head, like going from residential to commercial, can you go trade back commercial back to residential? Like the, there’s a lot of questions in my head with, you know, what exactly is the qualifier or not, that sort of thing.

Bernard Reisz (21:38.582)
And it’s very broad. It’s more like, it gets trickier when we start dealing with leases, which are real estate, with intangible property rights. So a lot of things like real estate intangibles are also real property for 10 to 1 exchange purposes. Mineral rights, e-rights, development rights.

Brett McCollum (21:47.023)
Yeah.

Brett McCollum (21:58.158)
Yeah.

Brett McCollum (22:02.53)
Interesting.

Bernard Reisz (22:03.262)
options, contracts, so that’s where it gets you more applicable are those like kind to fee ownership and a property. But in the majority of transactions, you can buy a duplex, you know, can be good residential to commercial to agricultural to industrial. It’s all like.

Brett McCollum (22:12.152)
Yeah.

Brett McCollum (22:24.314)
Very cool. Very good. And close this out, the third leg of the trifecta.

Bernard Reisz (22:30.476)
yeah, so self-directed retirement accounts, they’re not strictly a real estate tool. Their most popular application is definitely going to, you know, this has always been real estate. know, other things come and go crypto, you know, various stuff, you know, have their day in the sun. But real estate is always there, right? Real estate is nice, dependable. And so we have real estate investors using them in different components and capacities.

So they’re obviously can be used to buy property They could be used to you know get into a syndication so there are you can do just you know used for private lending or hard money lending So we have a lot of our investors coming for a couple different angles some of them You know they get their start in real estate by leveraging their time or to count assets So they’re gonna come they’re like hey, I want to do real estate the real estate I’m gonna put some money into somebody else’s deal or I’m gonna be a lender

And where am going to get the funds? I’ll get that. I’m to create a self-directed retirement account and use those funds to lend or they’ll use that for their equity and get a non-recourse loan.

to fund it and buy a property in there. And then we also have very experienced investors that are using their self-directed retirement accounts as well. And again, typically they’re generating tax-free real estate returns using those retirement accounts. And again, it’s versatile and it depends on the profile. So if we see, to illustrate, if we have a guy that’s been doing real estate basically

as he got out of college or he skipped college and he always went straight to real estate. Those guys typically don’t develop a big nest egg inside of retirement accounts. They’re more gonna leverage them as to get funds into their deals. Now fast forward 10 years, they’ve got a lot of experience, they’ve got lot of years under their belt, they’re gonna bring in outside money, they’re gonna leverage retirement accounts to bring investors in.

Bernard Reisz (24:42.798)
Our real estate agents or developers or equity raisers, capital raisers that are generating ordinary income, we’ll find them setting up their own qualified retirement plan, solo 401k, so you put money in there. So if you’re getting a commission, you can set up your own retirement account, put in 70 to 140k, depending on the configuration.

take a tax deduction for all that, and then put it right into real estate. So typically people are wary of retirement accounts, real estate people, because they’re like, hey, this is a trade-off here. Yeah, I can get tax deductions putting money in there, but then I can’t do with it what I want to. So these let them kind of get the tax deduction and then get deployed the money in real estate. So I can let them have their cake and eat it too.

Brett McCollum (25:23.898)
Yeah.

Brett McCollum (25:32.846)
Yeah, that makes sense. Is there any kind of risk profile that people should be aware of before they start deploying on their solo IRA stuff?

Bernard Reisz (25:45.048)
There’s always a lot of unknowns and I think that’s a fantastic question because a lot of these things people get excited. Wow, heard I could put this into real estate. And that’s absolutely true. But there are, there’s always anything tax code related. There’s stuff that you gotta be aware of. The IRS never makes it.

Brett McCollum (25:52.346)
Sure. Yep.

Bernard Reisz (26:06.638)
You’ve got to know the rules and here and there are a couple of gotchas. And that’s what we try to offer is try to kind of help people see those blind spots. And if we identify those blind spots, rather than saying, we’re not your accountant, we’re not signing your tax return, so just look the other way and hey, if something goes wrong, that’s on you to bring that to people’s attention.

The most common items that we’re looking at is unknown prohibited transactions. So prohibited transactions can disqualify our time and account or create substantial tax liability. Most people will be somewhat familiar with them if they get involved in this space, but there are some gotchas to watch out for. And then there’s also in some scenarios potential for tax liability.

even within a retirement account that people should be aware of and know how to navigate. you know, it’s something called UBIT, Unrelated Business Taxable Income. So all in all, a very, powerful tool, but if somebody’s not given the information that they need, they can potentially make costly mistakes.

Brett McCollum (27:28.314)
Sure. Kind of a last kind of wrapping up question here for us. All three of these, you you’re on the trifecta, I see working as a, they work together in some way, shape or form, right? Somebody’s, you know, just getting into the real estate investing space, or maybe they’ve been in for a couple of years, they’ve made a little bit of money, they’re not, you know, I mean, they’re kind of in that.

They haven’t really gone full tilt. I’ve done 150, 200, 500 deals. They’re just really starting to, what are some great starting positions for them inside of something like what you offer from a tax strategy standpoint? Because that’s a lot of times, think, a lot of the investor world. We don’t know what we don’t know. So sometimes people are hearing these things for the first time and they’re not sure what, best practices, starting positions, what would you suggest?

Bernard Reisz (28:24.886)
So some of these things, and let’s kind of break it down, cost segregation study, in most scenarios, in many scenarios, is gonna be a no-brainer. The key thing that they’ve gotta know, and really the only way to have the full tax picture is by bringing their tax account into the picture. I’ve got one of the most popular blog posts that I’ve written.

highlights why cost segregation study only tells a small part of the story. you know, somebody brings a property to us, we can say, we analyze it and we think, you know, we can generate X amount of deductions if we do a study. And, actually, no, you signed up, here’s a study. All right, here’s your signed up, we do actually do the study, here’s your final report, here’s the appreciation deductions that you should be getting.

Brett McCollum (28:59.417)
Right.

Bernard Reisz (29:20.034)
They can go to their tax account and say, here’s a study. And he’ll say, you know what, you’re not getting any benefit from this. And you know why? It might be because they didn’t material participate. It might be because we’re not a real estate professional. It might be because they don’t have other taxable income that year that they need to offset. So I think we make it easy.

You know, for it comes to cost aggregation study, we always provide a free preliminary analysis and then we tell people, hey, we’re very happy to communicate with your accountant because we don’t want to sell this to you and then…

come tax time, your account will tell you this doesn’t actually benefit you. And at that point, hey, it’s no backsies. We want to communicate upfront and we’re always ready to be a resource to the account to say, know, sometimes an account says, nah, this never works. And we’re like, nah, we actually, we can point them out certain resources or tax strategies that can make it work. So no accountant is an expert in everything. Nobody knows everything about everything.

putting our heads together, sometimes we find that an accountant is under the impression that their client cannot benefit from something. And by communicating with the accountant, we’re like, we show them and demonstrate, know your, you know, here’s how they can potentially benefit from this, you know? So I think it’s easy to get started. If you bought a property, you just need to speak to a cost set company and

get your accountant in on the discussion. It would be a little bit of a shill for reshore, right? We think nobody bridges the gap between the cost-sector study and your tax return and your tax accountant.

Brett McCollum (31:11.449)
Right.

Bernard Reisz (31:11.626)
better than we can, right? I’m a CPA. We have an incredible amount of resources about tax strategy, not just about how to do a cost seg study, but actually how this can or can’t work on somebody’s tax return. So that’s, I think that’s like a no brainer. You’ve to a property, know, reach out to a company that provides cost seg studies, get the preliminary analysis.

Brett McCollum (31:25.38)
Yeah.

Bernard Reisz (31:38.058)
and before pulling a trigger, get an understanding of how to actually impact your tax return. And all that is at zero risk, right? It’s just a conversation with your accountant, conversation with the Corsair company, no risk, and it can be worth tens of thousands to hundreds of thousands of dollars, if it does make sense for you. That’s on the Corsair side.

Brett McCollum (31:46.329)
Yeah.

Brett McCollum (31:58.158)
Yeah, And I want people to be able to reach out and connect with you and learn this for themselves, you know, to… Because it’s just so much we don’t know, right? We’re just flying a million miles an hour just trying to get to the next deal, that sort of thing, you know? And oftentimes we just, leaving how much money on the table by not having the right people in our corner, you know, as a part of our…

the broader part of our team, so to speak, right? So if people do want to connect with Bernard in some way, what’s the best way for that to happen?

Bernard Reisz (32:33.652)
Yeah, the best way is email to success at reshorefinancial.com. So that’s success, exactly the way it’s spelled, at R-E-S-U-R-E, financial.com. I guess it’s gonna make it somewhere in the show notes.

Brett McCollum (32:54.682)
Yeah, so we’ll make sure it goes on the show next for sure.

Bernard Reisz (32:56.974)
And if they visit our website, we’ve got buttons there where you can click to schedule a quick call to discuss things. If you’ve got a specific property in mind for cost segregation, cost segregation webpage lets you type in basic info. It goes into our client portal, lets you schedule a Zoom meeting to discuss it. Same for 1031 exchange webpage allows you to schedule a 1031 specific discussion call to discuss your transaction.

Brett McCollum (33:03.949)
Awesome.

Bernard Reisz (33:26.928)
So it’s really easy to schedule those calls and see whether or not something makes sense, whether a call segregation study, 1031 exchange, or self-directed retirement account can make sense.

Brett McCollum (33:41.774)
that yeah and we’ll make sure it gets into the show notes for you guys as well but man Bernard what a wealth of information coming from you man I genuinely appreciate you sharing your knowledge with us today and I know we were just literally scratching the surface so thank you so much for being a part of that and doing that with us

Bernard Reisz (33:59.374)
Brett, my pleasure. I love sharing the knowledge, love interacting with the audience, so to speak. I look forward to getting some feedback. And thank you so much for hosting me.

Brett McCollum (34:14.336)
You’re the best man, appreciate that. well guys, to you as well, thank you so much for spending your time and hanging out with us. Hope you got a lot of value today and we will see each of you on the next episode. Take care everybody.