About this conversation
Welcome back to the Laundromat Resource Podcast! Today’s episode is number 235, and trust us-you won’t want to scroll past this one. Host Jordan Berry sits down with cost segregation expert Chris Pierce to break down an often-overlooked but incredibly powerful tax tool: the cost segregation study. While it might not sound thrilling at first, the potential to save (or keep) tens of thousands of dollarWelcome back to the Laundromat Resource Podcast! Today’s episode is number 235, and trust us-you won’t want to scroll past this one. Host Jordan Berry sits down with cost segregation expert Chris Pierce to break down an often-overlooked but incredibly powerful tax tool: the cost segregation study. While it might not sound thrilling at first, the potential to save (or keep) tens of thousands of dollars in your business gives this topic some real excitement-especially if you own or are looking to buy a laundromat. Together, Jordan Berry and Chris Pierce dive into how cost segregation, typically discussed in the real estate investing world, can supercharge laundromat owners’ bottom lines. From defining depreciation and explaining “paper losses,” to showing you how to leverage tax savings for building your laundromat empire, they cover practical strategies you can act on right away. Whether you’re new to the concept or you want more advanced tips, this episode promises actionable insights-and a few entertaining moments, too. Make sure to stick around for details about the upcoming live Q&A on cost segregation, where you can bring your own questions and dig even deeper. So grab your notepad, get ready to rethink your taxes, and let’s jump into an episode that might just change the way you look at your laundromat investments! Why Should Laundromat Owners Listen to This Episode? Are you leaving thousands-even tens of thousands-of dollars on the table at tax time? Most laundromat owners aren’t taking full advantage of the IRS-approved strategies that top real estate investors use to slash their tax bills. In this episode, you’ll learn: Exactly what a Cost Segregation Study is and how it applies to laundromats (not just general real estate!) How to DEPRECIATE your property and equipment the smart way to show paper losses while keeping more cash in your pocket-legally Step-by-step examples showing the real numbers and potential savings available for laundromat owners Strategies to accelerate your tax benefits, giving you funds to quickly reinvest in new locations, equipment, or simply grow your personal wealth How to use bonus depreciation and why timing your purchases is critical under the current tax lawKey mistakes laundromat owners make (like using under-qualified CPAs!) that cost big money each year-and what you should do instead s in your business gives this topic some real excitement-especially if you own or are looking to buy a laundromat.