Jordan Berry [00:00:00]:
Hey. Hey, what’s up, guys? It’s Jordan with the Laundromat resource podcast, and I am pumped you’re here today because today we have on the show Chris Pierce on episode 235. And listen, I’m going to shoot straight with you. This, at first glance, is not going to seem like the most exciting topic. However, what it can do for you is very, very exciting. We’re going to be talking about what. What’s called a cost segregation study. If you’re not familiar with that, you’re going to get really familiar with that here in this episode.

Jordan Berry [00:00:33]:
It is a powerful tax tool that can help you save really big bucks, potentially depending on what you got going on over there. But it can help you save really, really big bucks. And we’re talking about it specifically in the context of laundromats. This usually gets talked about in the context of real estate investment only. But Chris was like, hey, we need to talk about this in the context of laundromats. And I said, you know what? I’ve never heard anybody else do it. I have searched for somebody to help me out with this, with my laundromat specifically, and didn’t find anybody. I had to DIY this, and you know how that always goes.

Jordan Berry [00:01:08]:
And so I got them on mostly just for me, but also a little bit for you. So you get a ton out of this super good episode. And like I said, we’ll go directly to your bottom line if you put it into action, which is what we’re all going to do, right? Put it into action. And also wanted to mention right up front here, we mentioned it once or twice in the episode, too, but Chris and I are going to do a live Q and A on cost segregation studies in the Context of Laundromats. February 12, 2026. That’s going to be at 3:00pm Pacific Best Coast Time and 6:00pm East Coast Time. So join us for that. Especially if you listen to this episode and you’re interested, you have questions, or you want to hear other people’s questions.

Jordan Berry [00:01:52]:
That’s going to be killer. Killer. Again, this. This has the ability to make you boatloads of money or help you keep at least boatloads of money that you’ve already made instead of sending it to the government. How about that? All right, let’s jump into it with Chris again. Super good episode. You’re gonna love it. Chris, how’s it going, man?

Chris Pierce [00:02:12]:
Good, man. How are you?

Jordan Berry [00:02:14]:
Super good. Thank you for coming on the show. Coming to bring us the hot action of Cost segregation today and what that is. I mean, listen, dude, I cannot think of a more exciting topic. And I say that a little bit, you know, facetiously, but also, I mean, I think there’s, there’s money being left on the table that there’s a whole lot of people out there listening to this might be surprised on, on what they can do here. So, I mean, I genuinely am excited and I do think that this is an exciting topic and if you’re out there listening to it, I don’t want you to just glaze over this and, you know, tune out or start swiping or doom scrolling or whatever because this is directly to your bottom line here. This one’s a very practical episode. So super excited about that.

Jordan Berry [00:03:03]:
Chris, man, tell us a little bit about you as we jump into this thing.

Chris Pierce [00:03:07]:
Yeah, thanks for having me on, Jordan. So, yeah, I work as an account executive for Maven Cost Segregation and we help investors stop overpaying in taxes for, for what they do through their real estate acquisition. So, you know, for a laundromat, if you’re buying a Laundromat, you happen to get the building too, and you own that now we can massively reduce your tax bill to Udo.

Jordan Berry [00:03:32]:
Yeah, that’s, that’s like music to my ears. Here I am staring at a, you know, quite the chunk of change, you know, that’s coming at me in April or you know, if I defer it down a little bit and you know, maybe, maybe a little later in the year, but quite the chunk of change that’s going out the door. And you know, I, I heard, you know, a couple things about taxes that, you know, are very enlightening. There’s the, the Tax Freedom Day. Have you seen that? Have you heard of that at all?

Chris Pierce [00:04:06]:
I know that like in Missouri we would have like tax free weekends. And that was like everybody bought their electronics.

Jordan Berry [00:04:13]:
Okay, so Tax Freedom day is the day in the year which is usually somewhere like April, May, June, where you have worked all the way up to that time just to pay taxes. And after that you start making money for yourself essentially. Like when you break it down from income tax, sales tax, property taxes, all that stuff, you work a huge chunk of the year just to pay taxes. And there’s like a, there’s some website somewhere that you can go look up and, and track that. But listen, anything that I can do to, you know, legally, not anything, but you know, I mean, we are the laundromat industry, but legally, anything I can do to reduce my taxes, massive, massive Thing. And so, dude, I love that. How did you get into that, that business?

Chris Pierce [00:05:09]:
Yeah, so I actually went through a bad business acquisition myself. It wasn’t laundromat. It was like another boring business. And it just, it was not a good acquisition. So I know a lot about, like, what not to do from that perspective. And kind of through that process, I had started to learn about cost segregation and what that could do. I didn’t have property with my individual business that I bought, but I did have a lot of equipment. So I was doing a lot of Section 179 deductions for that business.

Chris Pierce [00:05:45]:
And I had always wanted to get to a point where I was in a building, I had my own building and I knew I would cost. And the business kind of fell apart before it got to that point. So then when I connected with my good friend Sean, who owns Maven Cost Segregation and found that he was looking into it, I had known enough about it. I was like, great. You know, I would love to help out with this because I think it’s incredibly impactful and helps so many people with their tax bill. It’s amazing.

Jordan Berry [00:06:10]:
Yeah. Yeah. Okay. Well, let’s. Let’s start from the beginning. We’re throwing around this term cost segregation. What is that?

Chris Pierce [00:06:21]:
Yeah. So to define cost segregation, if you take the purchase of a property and talk just real estate in general for now, not just laundromats, but you take the purchase of a property, that’s the whole cost that you pay for it. To segregate the cost of it is to say, okay, we’re going to take different components within the property that depreciate faster than the IRS acknowledges normal depreciation schedules. So when you buy property, it’s an investment property. Right. You can depreciate that. That’s a big, big thing to understand is like what depreciation is. It’s not really an optional expense.

Chris Pierce [00:06:56]:
You do have to take it. It is a non cash expense that is used. So the IRS looks at that as a loss for how much repair you have to do in that building. Well, some of those items, like flooring, carpeting, various things of that nature depreciate faster. Right. So it’s. They’re going to depreciate over like a 5 year schedule instead of 15 year schedule. So cost segregation is the process of having an engineer come through your property and recategorize the components within that building into things that accelerate f which allows you to take a bigger loss up front.

Chris Pierce [00:07:32]:
And then on top of that, the current tax Law allows for up to 100% bonus depreciation. That bonus is really saying like anything that accelerates faster, anything that’s not the core part of the building, like the, the studs and the foundation, the roof, all that, whatever that total is, can be completely written off in the first year as a loss, which is, has big mathematical implications to how much you actually pay in taxes.

Jordan Berry [00:08:04]:
Yeah. Okay, awesome. Thank you. I want to, like, I want to just make sure everybody is with us here. So I mean, you’re talking about losses. It sounds like I’m losing money here. What is, what do you mean by losses? And how is, how’s depreciation work in terms of losses? I don’t want to lose money. Right.

Jordan Berry [00:08:26]:
So. Right, talk to me about loss.

Chris Pierce [00:08:29]:
Yes. So the depreciation in the end acts as a deduction on your tax bill. Right. So those deductions, even if you’re making money, it’s reducing like that bottom line of like how much you’re actually going to be taxed. If it was this, if this is on your personal taxes, it’s getting to that adjusted gross income level. So that’s what the tax rates are actually based on. So you can still make money in your business. You can make $100,000, but if the depreciation that you’ve taken through buying equipment with like section 179 stuff or if you do a cost Segregation, you had $300,000 of depreciate depreciation, you can accelerate.

Chris Pierce [00:09:12]:
Well now it looks like on paper that you lost $200,000 because there were more write offs in that business than there was income. And that is how you can reduce that tax bill like pretty significantly while still making money within the business.

Jordan Berry [00:09:30]:
Yeah. So I mean, you might hear like Robert Kiyosaki say or somebody online say, you know, the, the rich don’t pay taxes, you know, yada yada, yada. You probably hear that all the time. A lot of people get mad about that. But this is one of the ways that they do it. I mean, it’s a really powerful way that they reduce, like legally reduce their tax liability that they have. It’s by. And you mentioned the term paper losses.

Jordan Berry [00:09:58]:
Right. It’s where you show a loss on your taxes legally when you’re actually probably making money or hopefully, you know, making making money. And it’s what’s so powerful about owning a business. And it’s what’s so powerful about a cost segregation study and just depreciation in general is it allows you to. So so like here’s, here’s how somebody put it to me. And I was like, oh, dude, this is light bulb moment for me was when you have a job, you work, you pay taxes, and then you get money to pay your bills and your fun and all that stuff, right? And when you have a business, you work, you pay your expenses, your bills, your, you know, not the fun part, but the bills and all that stuff and you, and then you pay taxes on what’s left over. And so the benefit of this depreciation cost segregation study, right, is that you’re able to essentially increase your expenses on paper without doing it in actuality real time. Is that right?

Chris Pierce [00:11:06]:
I mean, yeah, exactly. I mean, and when you think about it too, like this is already depreciation that the IRS allows you to take, like no matter what, right? If you buy an investment property, you’re taking this depreciation over the lifetime of the property. If you, if you’re buying a commercial building, that’s a 39 year schedule where if you bought the property, for easy math, we’ll say it’s $390,000. Well, if it’s depreciated over 39 years, that means you’re taking $10,000 deduction every year for expenses to repair things within that property. And the IRS has that built into their code because they know buildings wear down. We’re just accelerating that by saying like, you know, not the whole building wears out over 39 years. Some of it’s faster. Like flooring does not last 39 years in some case, like, I don’t know many pieces of carpet that last that long.

Chris Pierce [00:11:52]:
And if so, I’d question, yeah, maybe the chemicals that are in it a bit.

Jordan Berry [00:11:56]:
I’ve seen some of that fuzzy carpet laying around still from the 70s and 80s.

Chris Pierce [00:12:01]:
Some of the shag. Yeah, I, I mean, if you, if you’re having anything like that in your property, like stuff that depreciates quickly, it helps to write that off faster so that you can actually improve the building. Like IRS wants you to improve properties, right? They want them to get better. So that’s why they’re allowing you to take this deduction so that you can put money back into the property. We’re just accelerating that.

Jordan Berry [00:12:27]:
Yeah, yeah. And we’re going to get into the weeds a little bit of like what actually is a cost segregation study and what happens? And what, what is it? You know, how does it benefit us? But I got a couple of questions. You know, first is, number one, I mean, if, if the irs. Yeah, I mean, you Mentioned this a couple of times. Or if the IRS forces us to take the depreciation, I mean, do we all have to do a cost segregation study? Is that. Is that. Or if we don’t do a cost segregation study, how does the depreciation work?

Chris Pierce [00:13:05]:
Right. So depreciation on any investment property, whether that’s commercial or residential, is required. It’s not optional. Some people forget to do it on their taxes, in which case you kind of did your taxes wrong or CPA did them wrong, if that’s the case. So you can either amend those or you could just do a change in accounting method that updates some things. There’s some forms you can submit for that. As far as the difference between doing a cost segregation, not doing a, you don’t have to do a cost segregation to get depreciation. The difference between the two is that normal depreciation the IRS outlines is straight line.

Chris Pierce [00:13:49]:
So that’s just like take the total lifespan of the asset for commercial property, 39 years, and we’re going to divide your depreciable basis over that part. Now, we can touch on depreciable basis here. Again, that’s kind of like your purchase price of the building minus some other factors. But that depreciable basis is just straight line. So whatever it is, you’re taking that each year, it’s the same number for the most part. Cost segregation is not a linear graph. Right. It’s kind of.

Chris Pierce [00:14:22]:
It’s like a reverse exponential graph. So you’re going to have a massive deduction you can take initially. It’s going to reduce a little bit over the years, and then it’s going to kind of flatline at a slightly lower value than what would be your normal standard deduction over those years. So, like, if your normal deduction might be like $10,000 in that $390,000 property, you know, if we can accelerate 25% of that property, meaning of the total amount we see in there, 25% is like personal property or site improvements that can be accelerated, that can be written off as a deduction within that first year. So now you’re looking at about $100,000 additional deduction. The remaining $290,000 is then distributed over the rest of the 39 years.

Jordan Berry [00:15:15]:
Which is super powerful. And I think, you know, just, just as. I mean, listen, I’m just going to acknowledge, like, this can be a difficult subject for a lot of people, and it’s hard to talk about it and keep it exciting and all that. But, you know, first of all, get excited about making more money, keeping more of that money that you’re earning in your pocket. That’s what, that’s. That’s the driver here. So keep your eyes on the prize out there, people. And here’s.

Jordan Berry [00:15:41]:
I think where this becomes really powerful, right, Is what this means is that you keep more of the money in your pocket upfront, right? And where this becomes very powerful. And this is sort of the strategy that I’ve tried to utilize with, with depreciation and, you know, some of this cost seg. We’ll, we’ll talk a little bit about my cost seg experience. But the, the. Here’s where it becomes powerful is if you utilize the money that you’re keeping in your pocket to buy more assets to depreciate the next year, right? This is my goal is to buy. To make a big purchase every year if possible, so that I continue to have things to depreciate so that my tax burden gets low so that I can afford new assets so that I can depreciate them so that, you know, and on and on and on, right? So that’s where I think it gets really powerful. Now, obviously you can keep that money and you know, come hang out with me in Hawaii if you want to, which also is a great option. But it gets real powerful when you kind of switch that mindset and say, hey, listen, this, this money that would be going to taxes now can I can roll into a new asset that then again has depreciate depreciation potential here, maybe cost seg potential here to be able to help me roll it into another asset and on and on.

Jordan Berry [00:17:07]:
So I just want to point that out because that things get kind of exciting if you can get to that point where every year, every other year, something like that, you’re buying something new. It can get real exciting. And laundromats are great, and especially if you can get the real estate. But even without the real estate, we’ve got a lot of depreciable assets in, in laundromats that can. So if you just buy some new equipment or a new location or something like that, that, that can really help build that empire that, that so many of us are trying to build out there.

Chris Pierce [00:17:41]:
Yeah, it can have a huge impact. So cost segregation, I mean, if you’re buying a larger. Let’s just say it’s. It’s totally furbished. Like all the units are in there, all your washer dryers, everything you need, all the equipment, right? When you buy that business, you can’t really use section 179, that equipment that came with that business, even if it’s like broken out, that’s where a cost segregation can be in like incredible for a laundromat. Because if you bought a laundromat for a million dollars, and we’ll say that’s the depreciable basis too. If you can accelerate 30 to sometimes 40% in a laundromat because there’s so much extra electrical and machinery in there that’s looked at as five year personal property to the business, well, that means you could write off 300,000 to $400,000 in depreciation in that first year. That, that’s a deduction.

Chris Pierce [00:18:35]:
That’s a loss on that income that that business made and that carries over. So if you don’t make that full amount, it carries over to the next year and you have that deduction again, you continue to save in taxes the next year. So that’s where it gets just unbelievable. So I mean, at the end of it, the cost segregation is a tool to help investors continue to invest in the economy and to invest in those assets. And so it’s, it’s, you’re leaving money on the table when you don’t do it after buying a building.

Jordan Berry [00:19:03]:
Yeah. Okay, so you’ve mentioned this term a couple of times now. Depreciable basis. Let’s talk about that. What is depreciable basis? What do we need to know here?

Chris Pierce [00:19:13]:
Yeah, so the, in the Internal Revenue Code, the IRS does not let you depreciate land. So and in order to get to like how much you can actually depreciate on an asset, if you buy a building, we need to subtract the land value. Now any improvements you do in that property before it goes into service to all your capex, that is going to increase your depreciable basis. So if you buy a property for $500,000, the land’s worth 20% of that. So $100,000, your depreciable basis right now is $400,000. If you invest another $300,000 into that property on site improvements, personal property that you’re putting in there, you redo the floors, you paint it, you give it a big facelift and you’re improving the property. Now your depreciable basis is $700,000. So the IRS is saying, okay, we can put all that into a depreciation schedule as a commercial property for the next 39 years or if it’s residential, you know that lifespan and that depreciable basis is where we start for everything cost related.

Chris Pierce [00:20:21]:
Now some places like California, like I just ran an estimate for a guy in San Diego, his land value came back at like 85%. So you know, he bought the house for like 850K. And California law is saying, well the property there is really only valued about 90 to $100,000 because the land value is 85% of the total purchase price. IRS doesn’t let you depreciate that. So it’s only the real ass.

Jordan Berry [00:20:49]:
Yeah, yeah. We get kicked around a whole bunch of different ways in California for sure.

Chris Pierce [00:20:54]:
Sure.

Jordan Berry [00:20:55]:
Yeah. They don’t make it easy on us over here. Yeah. So. Okay, perfect. Thank you, I appreciate that. And you know, we, we’ve got, we’ve got similar in when you’re buying the laundromat business as well because a lot of times that that acquisition is being split up between, you know, FF&E, furniture, fixture and equipment versus like Goodwill or something like that. That also would not count towards your depreciable basis there, if I’m not mistaken.

Jordan Berry [00:21:27]:
Not, not a tax guy over here. So maybe I should.

Chris Pierce [00:21:30]:
Yeah, you’re right.

Jordan Berry [00:21:31]:
The talking. Okay, you’re right. Yeah. I should just mention, I’ll mention this too, but this is, none of this is specific tax advice and you know, so educational purposes. But we’ve got the expert here that you can reach out to for specific tax advice. And real quick, I mean we’re not done here by any means, but I just wanted to take a quick little interlude. Can you tell people where they can get a hold of you if they’re like, hey man, I need this asap. How do they get a hold of you?

Chris Pierce [00:22:00]:
Yeah, honestly, email is probably the best way. Email at chris.p@maven cost seg.com. well, definitely make sure you get that in the show notes too.

Jordan Berry [00:22:12]:
Yeah, we’ll get them in the show notes and if you’re on YouTube, that’ll be down below. And then also I just wanted to mention we’re going to go, you know, listen, I’m acknowledging this is a difficult topic for a lot of people, especially if it’s new to you, but it’s also a very personal and specific topic, depending on your specific situation in your portfolio and kind of all that stuff. And we can’t necessarily get all those questions answered, but we are going to do a q and a February 12, 2026. If you’re out there listening to this, 3pm Eastern, 6pm 6pm Eastern, 3pm Pacific. So make sure you Put that down on the calendar. You’ll get an email about if you’re on the email list. If you’re not, get on the email list [email protected] because again, this is money in your pocket. Come ask your questions about cost segregation.

Jordan Berry [00:23:04]:
You can ask some questions about your specific portfolio. Won’t be able to dig all the way into everything obviously, but I think that’ll be huge for, for a lot of you guys out there to come out and, and pick Chris’s brain on cost segregation. So I want to throw that out there here, February 12th, 3pm Pacific, 6pm Eastern. Again, we’ll get you links out in, into the email there. So want to throw that out there. Okay, so let me back up again and ask you a question. Who is, who should be considering doing a cost segregation study? Who’s this? Is this for? Like if I’m just buying like one off Laundromat and property, like is this something for me? Do I have to be a big investor? Like who needs to consider this?

Chris Pierce [00:23:50]:
I, I, I really think that anybody can benefit from it. Right? Where it, it becomes more advantageous is when we get into strategy. Like if you have a really good year as an investor or you know, maybe, maybe you have like a Laundromat on the side that’s like a business that you’ve got an operator in, it does its own thing and you still have your W2. Maybe you’re pretty good at your W2, you’re making 300, 400,000 a year or something like that. Right now we want to try to offset your income in some way to reduce your tax bill from, so that you keep more of what you’re earning with your actual job in your business. And we can do that through cost. Agrees. So when you, when we look at taxes, right, there’s, you have like a tax that affects your, your passive income and taxes that affect your active income, your W2 or 1099 income.

Chris Pierce [00:24:47]:
You do. What do you actively materially participate in for, for work? When, when especially with like the Laundromat scenario, right? We’re buying it a mattress. We’re going to be involved with the ownership and the maintenance and the day to day function of that in some capacity. Whether you have a manager in place, you’re doing the books on your own, something of that nature. We can show material participation in that business. Now we can use what’s called the grouping election. And that grouping election says okay, the ownership of the building and the ownership of the business. That’s functioning and that building are dependent upon each other.

Chris Pierce [00:25:23]:
They’re the same too. And now any losses or income from that business affect your active taxes, not your passive taxes. So if you, if you just bought like a handful, we’ll say you have like five long term rentals, single family home pieces of property. Those are largely considered passive income unless you have certain designations like a real estate professional status. You know, and there might be some people in the laundromat world that do have real estate professional status. Like if you’re consistently buying mats, you might be able to get your CPA to argue that you qualify for that, which helps as well because now any piece of real estate you have affects that active taxes. Now you’re getting the most benefit from it. Because for the majority of people, the tax rate you pay on your active income is typically higher than what you paid your passive income.

Chris Pierce [00:26:16]:
So that is probably like when you think about people that have benefits the most, I’d say it’s people that are trying to offset that active income. But there’s all kinds of different ways to apply it too. I mean, if you’re just buying a one off laundromat, well, that year you buy it. There’s a lot of expenses that kind of come up when you first buy a business that you may not have foreseen initially. And by having a massive reduction in your tax bill, it allows you a bit of that cushion to absorb some of those extra costs that may have impacted you like a lot of times as a new llc, your insurance is going to be higher. Right. Insurance companies don’t exactly know who you are as a company, so they might have higher premiums on you cost that can still kind of help offset those additional costs you have because you’re saving that much more in taxes.

Jordan Berry [00:27:06]:
Yeah. Real quick note on the real estate professional status. I know quite a few people who have a spouse that will qualify as a real estate professional as well. So that allows you to go out and do your laundromat thing, buy laundromats, you know, all that stuff. And CPA doesn’t necessarily have to argue quite as hard that you’ve got real estate professional status because they have a spouse who’s, who has that right. And there’s, you can look up, we won’t necessarily go into all the details of what real estate professional status is. You can look that up. But that is, that’s a, that’s a pretty powerful loophole as well.

Jordan Berry [00:27:44]:
Call it a loophole. It’s not really loophole. But policy, I guess a tax policy. But that’s pretty powerful, you know, as well. Especially if you’re pretty. Pretty active in. In building that portfolio right now, having a spouse be real estate professional.

Chris Pierce [00:28:01]:
Yeah.

Jordan Berry [00:28:02]:
Even if you’re single out there, go out and find some real estate professional and marry him up just for the tax reasons, you know, Love and taxes. Right? Love and taxes. Yeah. Okay, awesome. Okay, so. So definitely, if you’re looking to like, build. Build your portfolio, build your empire up, you know, this would definitely be something worth looking into. Is there like a.

Jordan Berry [00:28:28]:
I genuinely don’t know the answer to this question, but is there like a threshold? And maybe. I don’t know, maybe there isn’t. But is there like a threshold where I’m like, okay, I’m buying a property worth X amount, probably makes sense to do a cost seg. Or is it more about how much money I’m making? Or is there some sort of framework to where I’m like, is this something good for me or not?

Chris Pierce [00:28:51]:
So I would look at cost seg as like an. An extra lever that you can pull. Right. You know, if you’re going through due diligence on a property, there’s a few different levers, like terms and price that you can kind of pull back and forth. This would kind of be like an extra lever to be like, okay, if I close on this, where would tax savings be? So I would kind of like, keep that in mind. There definitely is a threshold. So we do detailed engineering studies. Mean we have, like, engineers come through and detail every single component.

Chris Pierce [00:29:21]:
The IRS actually outlines like, six different ways that you can do a cost segregation. It’s like detailed with receipts. So if you built an entirely new building from the ground up, right, you have all those receipts. We can do a very detailed breakdown of all those receipts. If you don’t have all those receipts, you’re buying something that’s new to you, new to the taxpayer, then that’s where like, our process comes in really, really handy. We come in, we look at the whole property, we can re categorize and component every little thing where we’re essentially looking at like, if we bought this, if we built this building new right now, what would that cost for all these different components? And then what kind of lifespan do all these different components have? And we’re going to re categorize those into different buckets. And then there’s a handful of others, including like, with what would be considered a condensed study or a DIY study, where that for the most part goes off of Estimates in the industry where you can plug in your numbers and see. Okay, here is here.

Chris Pierce [00:30:14]:
So to your question, like a certain price point for a purchase, does it make sense or not make sense? Yeah, a lot of times you’re not necessarily going to know. You know, I’m happy to help. Look at like an individual estimate of, you know, what is the tax savings here? Where does that look like? I try to target around a 25x return or 20x return for what you would save in actual taxes to what it would cost to do the study. So because we do like a detailed breakdown of that entire property, stuff that’s like below a $200,000 acquisition for a building for the whole thing may not be incredibly worth it. Laundromat might be slightly different because we can accelerate more in that property than like a single family home. If you bought a condo, we can typically accelerate like 22% of your depreciable basis that could be deducted from your taxes. And a large amount, it can be 30, maybe 40% because there’s so much more electrical and machinery in there that can be deducted. So you kind of have to look at each property individually.

Chris Pierce [00:31:22]:
But there definitely is a factor where like, if you’re, if the cost to do this study just doesn’t give you the best tax benefit, I, I’m not going to advise you to move forward. Like that doesn’t make sense because it’s deductions you would already take.

Jordan Berry [00:31:35]:
Yeah, yeah. That’s like so, so much of this, I mean, just tax in general, right. Especially is, you know, one thing I learned, I was super naive to all, to everything, right? But one thing I learned is that as you start to build assets and you start getting some real estate, you start owning some businesses. Like I see all these ads for like TurboTax and stuff. And I’m like, that would never work for me. You know, because your tax, your taxes become number one, it becomes much more complicated. But, but in that, that’s, I guess, kind of negative. But it’s also kind of positive because now you have all these nuances that you, these levers that you can pull to save on the taxes that you would never be able to do with like a turbo tax or something.

Jordan Berry [00:32:27]:
Like even. I, I’ll just say it, listen, I’m going to say it, people, and this might be offensive to you, but some of you have tax people that you shouldn’t have who. Oh yeah, are old school. Who, you know, are not. I like, I heard somebody say, you know, there, well, I Can’t remember what it was, but there was some, you know, legal, legit. What was it? I’m going to think of it later. But some legal legit tax break that you can apply towards your business that somebody said, their tax person said don’t do it because it might trigger an audit. Right.

Jordan Berry [00:33:04]:
And if your tax guy ever says that to you about some legal way of taking a tax deduction, you need to immediately, you need. They just don’t want to do the work if, if an audit comes. Right. They’re just trying to avoid the work. They don’t have your best interest in mind. So I’m just saying it right now. Probably one of the biggest mistakes some of you are making is hanging on to your old tax guy. I don’t know.

Jordan Berry [00:33:28]:
That was.

Chris Pierce [00:33:29]:
I just feel like I could not agree more. There, there are definitely some people out there that not all CPAs are created equal. Right. And just because you have a great long term history, they did your dad’s taxes, they’ve done the business taxes for your parents for years. Does not mean they have your best interest in mind or the capability to.

Jordan Berry [00:33:49]:
Have your best interest. Not most of the time. It’s not malicious. Right. It’s what they’ve been taught or how they’ve always done it or you know, all that. It’s. And it doesn’t have to be, this is a business. Right.

Jordan Berry [00:33:59]:
Doesn’t have to be a personal thing, but this is a big deal. Like if you save, you can save crazy. Like your ROI can go through the roof if you’re saving on taxes from a cost sag or depreciating the right things or you know. Yeah, I don’t know. I get pretty passionate about it because I just, I know I lost a lot of money over the years just from paying taxes I didn’t need to pay.

Chris Pierce [00:34:24]:
Yeah, yeah, it’s, it is really, really impactful. And I have seen that before where you know, we’ve had some clients come to us and they’re like, yeah, my, when I talked to my cpa, they actually said that it wouldn’t be good for me to do this. And so now I’m looking for a new cpa. I’m like, okay, that’s, that’s probably smarter. I mean you bought a two million dollar home that you’re investing into short term rental. Like it makes sense a lot for you to do. You might save like $200,000 in taxes depending on the situation. That’s.

Chris Pierce [00:34:54]:
Do you want to pay $200,000 in taxes or do you want to find a new CPA that could sign off and help you reduce that? It’s a, it’s a big difference.

Jordan Berry [00:35:03]:
Yeah. Yeah. And I remember what it was. It was a home office deduction for somebody with a, with an online business. And they, he was like, don’t do it because the home office triggers an audit. And I was like, dude, dude, that’s crazy.

Chris Pierce [00:35:17]:
Now you’re, you’re touching on something interesting though. Like of. Are there things that you do in taxes that like trigger audits? Like, does a cost segregation trigger an audit?

Jordan Berry [00:35:27]:
Yeah, that’s, that’s a great question.

Chris Pierce [00:35:29]:
It. In the industry, across the board, we don’t see that it’s a, the cost segregation itself that triggers an audit or like, you know, section 179 deductions trigger audit. It’ll typically be something else or just part of the random, like random audit. Because they do random audits too. I mean, I don’t know how much that’s going to happen after they just had a huge downsize in workforce. We’ll see what happens come, you know, the rest of this year. But cost segregation itself doesn’t, doesn’t trigger that. So a CPA might file another document wrong and that typically will raise a flag and then they’ll start looking at everything.

Chris Pierce [00:36:08]:
And now if they see various deductions that were taken in different places, 179, safe harbor clause, a cost segregation. Now they’re going to pull those under the microscope and look at those and see how detailed were they and what happens. So that, that’s just something important to know. It’s like it doesn’t necessarily trigger an audit right away. And with that, if you happen to work with Maven through that process, we stand by all our pro, all our studies that we do, all our cost segregation studies and we’ll walk through you in an audit. So we offer that auto protection if the, if the study itself comes into question.

Jordan Berry [00:36:44]:
Yeah. And I mean, that’s what you’re looking for in somebody who’s helping you with your taxes. Right. Is somebody who’s not afraid to, you know, to, to go nose to nose with, with the IRS and say, hey, listen, this is, you know, and you kind of mentioned earlier on the real estate professional. Right. Like a CPA who’s going to make the argument like, no, this, this is a real estate professional or no, this cost segregation study does, you know, it’s legitimate. You know, here it is. You want somebody who’s going to do that, not somebody who’s afraid of afraid of an audit.

Jordan Berry [00:37:16]:
So.

Chris Pierce [00:37:17]:
Yeah, and that’s a good point too. Right. Like the CPA is the one that ultimately signs off on all this stuff. At the end of the day, if you happen to qualify as a real estate professional, it’s not like a certification. It’s not like you become a card carrying member. It’s just like, yeah, they meet with requirements on paper, they’re good. And now you can start applying those deductions. So it really again, only comes into question if you’re on the rare chance audited.

Chris Pierce [00:37:40]:
And they, they look at it and they want to see, okay, if you’re audited, did you do this correctly?

Jordan Berry [00:37:45]:
Yeah, yeah, absolutely. And you know, not to take away from, you know, an audit being a little bit scary and a little bit stressful because the IRS is a little bit scary and a lot bit stressful. But, but you don’t want somebody who’s afraid if that happens to, you know, who’s going to back down and, and leave you hanging there. So anyways, go out there and audit your audit your decision on who your tax professional is. I know some of you guys have people who crush it and some of you guys are hanging on to somebody shouldn’t be hanging on to for reasons that are not relevant to your business and your business performance and your personal finances. So. All right, I got, I’ll get off the soapbox there. I, that’s, that was like a little unexpected soapbox that I jumped on.

Jordan Berry [00:38:31]:
But I, it’s. I bet it’s hard.

Chris Pierce [00:38:33]:
Like, I get it too. It’s hard. Right? Like you don’t want to pay. Like some CPAs, they, they cost money. They’re charging for a lot of that experience and part of that experience is being able to advise you. So the more complex your situation gets, I can’t explain. Yeah, it’s so important to have somebody that can help you understand that and navigate that situation. It’s.

Jordan Berry [00:38:51]:
Yeah.

Chris Pierce [00:38:51]:
So it is, it’s a bit of a jump.

Jordan Berry [00:38:53]:
Yeah. And create the right strategy. Right. Like, you know people out there who’s working a 9 to 5, you’re out there working a 9 to 5. Like you don’t really need a tax strategy because there you don’t have anything to strategize with. Right. But as you start building assets and you know, I know this, this world can get real complicated real fast. Way over my head for sure.

Jordan Berry [00:39:16]:
Real fast. But as you start to get more of these assets, like you said, there’s more levers you can pull, there’s more Things you can do. I bet there’s a lot of people listening right now that never even considered a cost segregation study. And you know that’s a lever you can pull, right? And so there’s a whole bunch of those in this tax code. And the way that you order them, the way that you do them, the. The ones you choose to pull, the ones you choose not to pull, the ones you have to pull, you know, all that stuff can be manipulated to your benefit to help you grow your finances. Right? And so listen, you got more than. If you got like a 1 laundromat or 1 property, maybe you’re okay.

Jordan Berry [00:39:59]:
But after that, man, you gotta. You gotta get somebody in your corner who knows what they’re doing. Okay, Now I’m gonna get off the soapbox.

Chris Pierce [00:40:05]:
Yeah, you’re good. You’re good. Yeah.

Jordan Berry [00:40:07]:
Okay, so go back to Costec. I mean, can you. Can you just give us a little more detail? Like, what. What’s going into a cost segregation study? I know you’ve mentioned, like, hiring an engineer and stuff. Maybe. Maybe give some examples of, like.

Chris Pierce [00:40:24]:
What.

Jordan Berry [00:40:24]:
Does this breakdown look like?

Chris Pierce [00:40:27]:
Yes, it. Honestly, it might be easiest. Maybe try to walk through an example. So, like, do you want to maybe try to walk through, like, one of your mats? Sure. Like what you’re. What you did for it. And yeah, we can kind of look at some numbers there that might help people better.

Jordan Berry [00:40:41]:
Yeah.

Chris Pierce [00:40:41]:
Okay, so let’s see. Let’s, let’s. Let’s pick one. What did you. What was like, the purchase price, if you have one in your mind.

Jordan Berry [00:40:51]:
So I bought property with laundromat in la. Purchase price. Well, the way that we allocated purchase price was 7:50 for the property and 250 for the MAT.

Chris Pierce [00:41:07]:
Okay.

Jordan Berry [00:41:09]:
I don’t remember off top of my head the breakdown of FF&E and furniture, fixtures, equipment and goodwill. But we could probably just make that up on the.

Chris Pierce [00:41:20]:
I might too, just, like, like virtually transplant that mat out of LA into a place with like, really low.

Jordan Berry [00:41:28]:
Yeah. Values.

Chris Pierce [00:41:29]:
Just for the purpose of the argument.

Jordan Berry [00:41:30]:
Totally, totally.

Chris Pierce [00:41:32]:
So.

Jordan Berry [00:41:33]:
So let’s.

Chris Pierce [00:41:34]:
We could just say that the land value will put the land at like 100,000. So then you’re purchasing the building for six. Like 650 is your depreciable basis. Okay.

Jordan Berry [00:41:44]:
All right, let’s pause for a second. Where can I go buy land for $100,000? That’s what I want to know. Just kidding. Tennessee. I’ll tell you that right now.

Chris Pierce [00:41:52]:
Not L. A. If you do find it in LA, it’s probably a really good cardboard box.

Jordan Berry [00:41:55]:
Yeah, well, even, even, I mean, this, this property I bought a while back, but even then it was a pretty, pretty good deal.

Chris Pierce [00:42:02]:
Yeah.

Jordan Berry [00:42:02]:
At that price point, for sure.

Chris Pierce [00:42:03]:
That’s good. And you know, to find land value, see, if you don’t know your land value, that’s fine. Like, we often will figure that out. For, for our clients, we’ll use tax assessment or appraisals, and we’re always going to try to use the most recent document that puts that land value the lowest as it possibly can be to get you the best benefit like that. I want to put that out there too. Yeah, but sometimes you just can’t get away from high land value. So if our depreciable basis then is $650,000 in this building, in, in the building too, you know, you had, even though the mat part was broken out separately, like 250,000, we, we might even be able to look at the whole purchase price of a million as the start. So now your depreciable basis is really 900 because you bought the machines, they were all built into the plate.

Chris Pierce [00:42:55]:
Right. So, and I assume too you didn’t do like any tax deductions on the actual business purchase itself, some of that equipment. We, so it helps to conclude that. So we’re at a $900,000 depreciation basis.

Jordan Berry [00:43:07]:
Yeah, real quick on that. Real quick. Because I, this is a point too, and I always recommend, if possible, if you can do it and you’re buying real estate and Laudermat, try to buy the real estate at whatever the agreed price is for the whole package and try to buy the real estate for that if possible, and just have to have the owner leave the equipment, you know, quote unquote, for tax reasons, but also lending reasons. It’s easier to get loans on land than land in, in a business. So if you can get, like, if I could have gotten the, I did a seller finance on this one, but you know, if I could have gotten a loan or even like an SBA loan for the 900 or the million on this, and, and had it be the land purchase, that would have been easier to get than a loan on the 750 for the land and the 250 for the, for the business. So just, you know, something in there, but go ahead. Okay.

Chris Pierce [00:44:07]:
Yeah, that’s good. So now the kind of, the other thing that pulls, that’s a factor with cost segregation is your end service that you’re like, if you buy a building, we’ll just look at like a single Family home. Now there’s like an in service date when it’s placed in service and people are actually renting it. In service date is what triggers your ability to take depreciation on that property.

Jordan Berry [00:44:28]:
Yeah.

Chris Pierce [00:44:29]:
So any improvements you do prior to the in service date get added. Since you bought this fully furnished, I’m assuming you didn’t do many additional improvements before. It was like operating. It was probably like running from day.

Jordan Berry [00:44:41]:
One body new equipment for it the year after. But. But no.

Chris Pierce [00:44:47]:
Right. So the, the year after that would be excluded. But there’s still deductions there, right? Like you still write that off, right?

Jordan Berry [00:44:55]:
Yeah, totally.

Chris Pierce [00:44:56]:
So at a $900,000 depreciable basis, you place it in service right away. With laundromats, we’ve seen between like 30% to 40% of the depreciable basis. That can be accelerated. Right. We’re really looking two buckets with any cost segregation. It’s, it’s the long life or the real property and then things that fall under like personal property or site improvement. So if you have a parking lot with like a lot of parking spaces that you have interest in, that can be depreciated, that’s part of site improvement, that can be written off, that can be accelerated. So you buy this property.

Chris Pierce [00:45:37]:
We do, we decide to do a cost segregation on. We have a $900,000 phases. We come through, we take a bunch of photos, we take videos, we market everything. A lot of times we can do that virtually too. So like you could send us pictures and photos that we then have our engineers go through and categorize all the components, all the different things we see into those different buckets. And from there that’s where we get like what can be accelerated. Right. So if your machines are considered personal property, we’re saying, okay, if you spend, if it’s like a hundred thousand dollars with the machines.

Chris Pierce [00:46:13]:
Now we’re moving a hundred thousand dollars out of the 39 year commercial lifespan bucket into a five year personal property bucket. And that will benefit you better because we’re shortening that life cycle. So we can find about 30% at, or we’ll just be conservative with that number instead of like 40%. That means that if we did a detailed engineering study on your map, we probably could have found you about a $270,000 deduction or additional depreciation that you’d be able to take in that first year that you own the property. And there are ways too, we can talk about this. There are ways too, if you don’t do it in the first year, you can still benefit down the road. It doesn’t have to be the same year you buy this property. But $270,000 is that deduction, Right? That’s just bringing down your adjusted gross income to the, to the rate that you’re taxed at.

Chris Pierce [00:47:08]:
So depending on what you’re taxed at, depending on the rate, we’ll just say 24% roughly. So 270,000 time, you know, at 24%, we’re looking at about 60 to $65,000 that you, that would be taxes you would have paid. So you would have overpaid in taxes by $65,000 on that property if you didn’t do a cost segregation. And that’s where it becomes pretty powerful.

Jordan Berry [00:47:44]:
That’s like a, that’s like a salary right there. Yeah, it’s like somebody’s salary.

Chris Pierce [00:47:50]:
What would you do with an extra $64,000? Buy another matt.

Jordan Berry [00:47:54]:
But that, yeah, yeah, yeah, yeah, absolutely. I mean, yeah, absolutely. So, yeah, I mean, I think that that is like a really good illustration of like the power of this stuff. And you know, I know some people out there are like, who the heck pays $65,000 in taxes? Like, that’s so much. Right. Like, but as you start to, like I said, as you start to accumulate these assets and stuff, you start making money or you have a high paying job or something like that, like this, this becomes very, very powerful. Because, you know, the way I think of it is like either that money is going to the government to do whatever the government does with it.

Chris Pierce [00:48:33]:
Who.

Jordan Berry [00:48:33]:
And I mean, that’s a big question mark my mind already. Or, or I can keep it and buy another asset, create more jobs, you know, improve community, yada, yada, yada.

Chris Pierce [00:48:44]:
Right.

Jordan Berry [00:48:44]:
Like, and, and make some money along the way. Right. So, you know, I, I, yeah, and we, we kind of talk like I, I sort of like half heartedly did a DIY cost seg with my tax guy back in the day when, when we bought this thing. And, and it was good. I mean, it like helped. But I mean, listen, I’m not, I’m not going through the parking lot and seeing what shrubs were planted or, you know, like the, you know, all the little things. I wasn’t really doing a whole lot of that stuff, so I did a very generic. Generic one.

Chris Pierce [00:49:22]:
Yeah. Well, we’ll look at everything down to the studs. Yeah, in landscaping that, that kind of counts too. I don’t know too many laundromats with like a pool, but like, if you Had a pool on a property that’s site improvement.

Jordan Berry [00:49:36]:
Laundromat has turned into a pool a couple of times when it flooded. Oh yeah, yeah, that counts.

Chris Pierce [00:49:41]:
But unfortunately I’ve been in businesses that have flooded my, myself, I’ve had some. It’s painful.

Jordan Berry [00:49:47]:
I know. It’s not fun.

Chris Pierce [00:49:48]:
You can’t write that off.

Jordan Berry [00:49:48]:
Can’t appreciate that, man. Come on.

Chris Pierce [00:49:51]:
Yeah.

Jordan Berry [00:49:51]:
Oh, you can, you can celebrate because it is an expense to get all that fixed and cleaned up and that offsets your income. So that’s great, right? Like, just kidding. Yeah. But I mean, I think that’s a pretty powerful illustration of like, I’m thinking of like four clients off top of my head right now that are buy in, you know, businesses with real estate that would hugely benefit from this. But you mentioned, and I want to just make sure we hit this before we wrap this thing up. You mentioned that if you didn’t do it the first year you bought the property, maybe, maybe somebody’s listening right now and they’re like, two years ago they bought a, they bought a laundromat with the property. What is, what, what options do they have?

Chris Pierce [00:50:33]:
Yeah, totally. We do a change of accounting method. So you can still benefit from the cost segregation. Now there are some slightly different rules when it comes to the bonus that you could receive. So like current tax law states that after January 20, 2025, if you bought a property, you get 100% bonus. So if you bought it before then and you place it in service then or after, there is bonus you can get. It just depends on kind of the acquisition date and the in service date. There’s some different rules there.

Chris Pierce [00:51:06]:
Now let’s just say like all that as you’ve bought it in 2025, you’ve had it 326 and now you’re looking at maybe doing a cost segregation. You didn’t miss out by not doing it for 2025. 2024 might be a better example because.

Jordan Berry [00:51:24]:
Yeah, I know. Sorry, tax year. Yeah, yeah.

Chris Pierce [00:51:27]:
And I say that because, you know, we’re recording this in January 2026. You just have to do a cost segregation study before you file taxes. Like it doesn’t have to be in the same calendar year. So if we, if we change that up a bit and you’re buy in 2024, we’re looking at 2025, 2026. You can still do a cost segregation. We just do a change in accounting method. So what normally you would do straight line depreciation. We just take that existing depreciation schedule.

Chris Pierce [00:51:53]:
And we’re saying, okay, this was straight line. Now we’re changing this to kind of this reverse exponential curve that I’ve talked about where you take more upfront and it’s, that works that, you know, it’s not a problem. The IRS still looks at that as something that is acceptable.

Jordan Berry [00:52:10]:
Yeah, yeah, yeah, yeah. And I mean, I think it is good to point out too, you know, as of January of last year, 20th, I think he said that Trump, Trump re. Implemented the 100 bonus depreciation. Prior to that, it had been dropping 20% a year. I think we were at 40%, I think in 2024. Is that right?

Chris Pierce [00:52:30]:
Yeah. So, you know, initially Trump’s first term tax cuts and Jobs act was the first time that the tax code changed to, to allow 100% bonus depreciation for new to the taxpayer properties. And then it started being phased down by 20% each year starting in 2023. So 2023 was 80% bonus. So that’s if you, if you bought a property in that window, it’s like 2017 and after then you can qualify for that 80%. 2024 was 60%.

Jordan Berry [00:53:05]:
60.

Chris Pierce [00:53:06]:
Yeah, yeah. And then technically speaking, right, if you buy a property before January 20, 2025.

Jordan Berry [00:53:13]:
After the new year, but before January 20. Right.

Chris Pierce [00:53:15]:
Not even buy like show intent. Right. Like, so if you sign like, you know your intent to buy, you go under contract with that property, now you’re ineligible. So I, I helped a guy who went under contract on January 19th and he’s ineligible for 100% bonus. He gets 40 bonus.

Jordan Berry [00:53:35]:
So.

Chris Pierce [00:53:35]:
And it’s still benefit, like even if you get 0% bonus because if you inherit a property, you, you’re not eligible for any bonus, then it’s still beneficial. It’s just over five and 15 years. Right. We’re just accelerating. There’s still things that go into those buckets. It’s just not as big of a write off. Yeah, dude. So one day is brutal though.

Jordan Berry [00:53:55]:
That’s a brutal one. Yeah, yeah, yeah, yeah. Okay. Yeah, I, I mean, I, I think that that’s super helpful to kind of go through, go through that and, and see like what options people have kind of looking back on, on properties that they’ve already purchased that they haven’t done the cost seg for. And that’s something you guys help out with.

Chris Pierce [00:54:16]:
Yeah, absolutely.

Jordan Berry [00:54:17]:
Awesome. I feel like this is a good time again to just mention how, how people can get a hold of you.

Chris Pierce [00:54:23]:
Yeah, shoot me an email, please.

Jordan Berry [00:54:25]:
I’ll.

Chris Pierce [00:54:25]:
I’m happy to help anybody that wants to email in, it’s Chris. Pvencosseg.com.

Jordan Berry [00:54:31]:
Yeah, cool. And I’ll just mention, you know too, we’re gonna, we’re gonna jump on a live Q and A. I know there’s gonna be a lot of questions about cost eggs. And you know, I’ll, I’ll say up front like, hey, we can’t really delve into people’s personal finances on that Q A and, and really give you advice, but come ask your cost seg questions and we’ll get them answered the best of our ability. And then we’ll just direct you back to Chris to do a one on one to, to talk about how that might help you out.

Chris Pierce [00:54:58]:
Yeah, for sure.

Jordan Berry [00:55:00]:
Yeah. Anything else you feel like we need to know about cost tech before we go? Dude, I’m kind of impressed with us that we’ve talked for just about an hour on cost segregation. I’m awake. And can I point out, Can I point out the. I’m gonna, I’m gonna call it intentional. Was not intentional, but I’m gonna call it intentional drama that has been unfolding here that has some deep symbolic meaning. Where I started this interview literally in the dark. And as we have unfolded this episode, the sun has arisen, it is bright out here.

Jordan Berry [00:55:37]:
And I just feel like the metaphor for this for some people listening to this is just, it’s beautiful and it’s bringing a tear to my eye.

Chris Pierce [00:55:44]:
Yeah, you gotta watch it. Yeah, yeah, it hits more when you watch it.

Jordan Berry [00:55:47]:
Yeah, that’s right. It hits you more when you watch it. So if you’re listening on the podcast, thank you for listening. Now go watch it on YouTube to watch all the drama unfold right there in front of your eyes. But. Okay, so anything else we. I don’t know where we’re going. Anything else we need to.

Jordan Berry [00:56:04]:
We need to cover before we wrap this thing up?

Chris Pierce [00:56:06]:
Yeah, I think we’re good. I don’t want to, you know, go too far down. I could talk about this for another hour if you wanted to, but yeah, don’t need to bore other people. For sure. I’m happy to look at any individual situation by any means to see what makes sense.

Jordan Berry [00:56:20]:
Cool. Yeah, Hit Chris up. And then definitely, if you have, if this is peaking your interest, something that you have more questions about or that you’re interested in, you know, come head over to the, the live q A on February 12th and get your questions answered and listen into other people’s questions because they might have questions that, that you don’t know that you have. That you have. That’s my favorite. Well, one of my favorite parts of these live Q and A’s is, hey, I have that question, but I didn’t realize I had it, so.

Chris Pierce [00:56:48]:
Or. Or just group coaching in general. Like, somebody asked a question, I’m like, oh, I didn’t know I had that question, but I did.

Jordan Berry [00:56:53]:
Yeah.

Chris Pierce [00:56:54]:
Yeah, it’s good.

Jordan Berry [00:56:55]:
So, yeah, I agree. I agree. I love it. Awesome, man. Well, listen, I appreciate you taking an hour of your time to hang out with us, talk car segregation and laundromat. That’s like, I can’t think of two more exciting topics to put together here. This is like, I’ll be surprised this doesn’t go viral if I’m honest with you.

Chris Pierce [00:57:15]:
So just stop being overpaying in taxes. Right?

Jordan Berry [00:57:18]:
Yeah, that’s right. That’s right. Awesome, man. But I appreciate you. Thanks so much for coming on. You rock. And I appreciate you doing cool stuff for. For the industry, and I appreciate the way that you do it.

Jordan Berry [00:57:29]:
You know, you mentioned a couple different times, like, hey, we’re going to advise you not to do this if this is not right for you, if this is not going to, you know, save you enough money. It’s. And it doesn’t make sen. Like, I. I like doing business with good people, and you’re good people. So I appreciate that.

Chris Pierce [00:57:44]:
Thank you.

Jordan Berry [00:57:45]:
All right, man, see you at the Q and A.

Chris Pierce [00:57:47]:
Will do. We’ll see you guys soon. Cheers.

Jordan Berry [00:57:50]:
All right, listen, I hope you love that episode. You’ve got one of two options here in terms of what actions you could take. I’m only giving you two options today. Normally I say pick something, put it into action. Giving you two options. You can still pick, but one of these two things. Number one, or maybe both. Number one, come join us at the live Q A February 12th, 3pm Pacific, 6pm Eastern.

Jordan Berry [00:58:13]:
You’ll get an email about it or go to laundromatresource.com make sure you’re on our email list so that you get the email about the link. It’ll be on YouTube. It’ll be on Facebook. It’ll be on LinkedIn and some other places. But come and check out that live Q and A, ask your questions and save a bunch of money on your taxes.

Chris Pierce [00:58:31]:
And.

Jordan Berry [00:58:32]:
Or number two, shoot, Chris, an email. Again, the link is in the show notes or his email is in the show notes or if you’re on YouTube, it’s down below right here. So those are your only two options. You must do one of those two things, at least, if not both of them, and that’s it, man. Do that this week. And, you know, if you got some other things out of it, too, you can also put some other stuff into action. But do one of those two things, and we’ll see you at the next one.

Chris Pierce [00:58:58]:
Peace.