On this episode of The Inside BS Show Dave Lorenzo interviews Lester Cook. Lester is an expert in the field of Cost Segregation. If you work in real estate, accounting, or investment management, you cannot miss this show. Lester shares with Dave the ways he helps property owners legally take advantage of the tax code to calculate depreciation in their favor.

If you like making more money from assets you (or your clients already own) this is a great show for you to watch right now.

Lester Cook’s Contact Information Phone: 312-248-7347 Email: lester.cook@kbkg.com http://www.kbkg.com LinkedIn http://linkedin.com/in/lesterdcook

Timestamps:

00:00 – Introduction to Cost Segregation
00:41 – How Did Lester Cook Get Involved in Cost Segregation?
01:41 – How Lester Reverse Engineers Buildings to Find Cost Savings
02:20 – Cost Segregation Case Study
04:17 – When do People Get Lester Involved?
06:45 – What Makes Lester and His Firm Different?
10:24 – Who is Lester’s Ideal Client? 
12:54 – How Lester and Const Segregation Experts Work with the Client’s CPA
14:50 – Presentation Opportunities for Lester
17:00 – What Decoupling from Bonus Depreciation Means
18:00 – What does Lester Cook Look For in a Cost Segregation Opportunity?
19:25 – How Does Lester Make Money on a Cost Segregation Engagement?
20:45 – Why Don’t More People Know About This Way to Save Money on Taxes?
21:50 – Who is NOT a Good Candidate for Cost Segregation?
24:00 – How Lester Came to be a Cost Segregation Expert
25:45 – How is the Chicago Market for Business These Days?                                                                                              27:00 How Lester Attracts New Business                         29:10 What Does Lester Need in Order to Start an Engagement?

About Lester Cook:

Lester has over 20 years of experience in the tax specialty service industry. He is a Principal of KBKG’s Fixed Asset Review Practice and leader of the Midwest Region. He is a certified member of the American Society of Cost Segregation professionals, a group that he has been a part of since 2008. Throughout his career, Lester has completed cost segregation analyses on thousands of properties ranging from office space leasehold improvements to multi-billion dollar industrial complexes and hotel and resort projects. He has worked with many Fortune 500 companies successfully representing his claims to both IRS and Financial Auditors.

Prior to KBKG, Lester led the PwC Central Region Cost Segregation Center of Excellence; providing engineering-based Cost Segregation project management, oversight, and expertise to all other fixed assets teams throughout the U.S. and Canada.

📺Watch and Enjoy!