Real Wealth Solutions Podcast

Cost Segregation with Wes Mabry of 1245 Consulting - Recording of East Tennessee Multifamily Meet Up

September 19, 2021 Greg Scully & Darren Light Episode 37
Real Wealth Solutions Podcast
Cost Segregation with Wes Mabry of 1245 Consulting - Recording of East Tennessee Multifamily Meet Up
Show Notes

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We host a twice monthly meet up with one per month being via zoom. Our September online meeting was so good we decided to share it here as well. We were lucky to have Wes Mabry of 1245 Consulting presenting on Cost Segregation as well as fielding questions from the attendees. This is a must listen for every real estate investor. Even if you’re familiar with cost segregation, the info Wes provides will do nothing but deepen your understanding.

This was a video meeting and Wes is sharing a presentation with us as he goes along, if you’d like to see the presentation, you can on our YouTube channel. Here’s the link.

https://youtu.be/-QZxiMt_eTI

We hope you enjoy listening and if you think of someone who might enjoy it as well, we appreciate you passing it along. 

About Wes – 

Wesley Mabry is an experienced Cost Segregation Consultant with over 15 years of experience in the industry across a wide range of asset classes. Mr. Mabry founded 1245 Consulting in 2017 and services all of the United States. 

Prior to founding 1245 Consulting 2017, Mr. Mabry preformed cost segregation studies as a licensed Real Estate Appraiser for O'Connor & Associates from 2006-2016. During his time at O'Connor he served as the primary West Coast liaison in additional to central and east coast responsibilities. From 2016-2017 Mr. Mabry worked for Madison Specs, a large engineering and real estate service firm based out of New Jersey. 

Mr. Mabry has performed thousands of Cost Segregation Studies analyzing over 8 billion dollars of real estate improvements throughout the United States. His experience includes working closely with Accountants, CPAs, EAs, REITs, Corporations, Partnerships and individual investors. 

Mr. Mabry's experience extends over numerous property types:

·       -Apartment (Garden Style, Luxury High-Rise, New Construction, LIHTC) 

·       -Retail (strip, neighborhood, big-box, single-tenant) 

·       -Office (low/mid/high-rise, condominium)

·       -Hospitality (hotel, casino, sports facility)

·       -Industrial (warehouse, self-storage, business parks, flex)

·       -Manufacturing Facilities

·       -Single-family Homes (duplex through four-plex) 

During his career Wes had lead teams through several Tax Law changes. His knowledge of both the PATH Act in 2015, TCJA in 2017, and the most recent CARES Act of 2020 yielded opportunities to save investors millions through real property depreciation. His participation and leadership defending cost segregation studies through the audit process has resulted in zero disallowances. 

In addition to owning 1245 Consulting, Wes is an active real estate investor. Wes is also a member of the American Society of Cost Segregation Professionals (#A006-19). He was born and raised in Houston, Texas and is a graduate of the University of Houston. Wes enjoys all things outdoors and spending his free time watching his family grow.

Reach Wes through his website – 

www.1245consulting.com

Reach Greg at -
[email protected] or schedule a call - calendly.com

Reach Darren at -
[email protected] or schedule a call - calendly.com

Thanks for listening and, as always, an honest review or follow is greatly appreciated.