WS889: How To Avoid A $1,000,000 Mistake with Hugh Odom

Technology is changing our lives one day at a time. It brings us tools that are beneficial in our everyday lives. One technology that everyone is looking forward to is the rollout of 5G which will mean faster internet, clearer cell phone signals, and better connectivity. Did you know that you can profit from this technology just right on your property? Yes, you read that right. With the rollout of 5G, telecommunications companies are on the lookout to build infrastructure specifically cell towers which would mean lease of the property for years.

In today’s episode, we speak to Hugh Odom, founder, and president of telecom consulting firm Vertical Consultants, to know how our property can make a profit from a cell tower lease. Hugh will break down to us which commercial real estate properties are prime candidates for a cell tower lease. And most importantly, he will tell us how we can avoid a $1,000,000 mistake. Leasing your property for a cell tower can be a good option especially that in one to two years, the nationwide 5G rollout would need thousands of locations for a cell site. So if this is something you would want to consider, tune in now and learn more!

Our gracious sponsor:
A Cost Segregation Study typically generates accelerated depreciation deductions ranging from 15% – 45%; Whether Commercial Real Estate was acquired, built-new, or renovated over the past 15-years, a Cost Segregation Study can still be performed…and there’s no amending of past tax-returns required; All Cost Segregation Providers are NOT created equal…if your Provider does NOT have a Certified Cost Segregation Professional (CCSP) on-staff, then you’re at higher risk of a failed IRS audit; There are ONLY (43) Certified Cost Segregation Professionals (CCSPs) in the entire United States…(8) CCSPs are employed by Bedford. Visit www.bedfordteam.com