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Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. HIGHLIGHTS FROM THE EPISODE 00:00 – Intro 01:11 – Welcome Yonah to the show 01:25 – He talks about his background 09:56 – Transition into Passive Investment 11:51 – Experiences with different people 12:49 – Thoughts on the investing situations of today 15:26 – His explanation on Cost Segregation 18:17 – He talks about Real Estate 22:51 – Thoughts on Short Term Rentals 32:27 – Recommendations 34:33 – Final thoughts LINKS: Tax free wealth: https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058 CONNECT WITH THE GUEST Website: https://www.yonahweiss.com/ Instagram: https://www.instagram.com/yonahweiss/ Linkedin: https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Twitter: https://twitter.com/YonahWeiss CONNECT WITH THE HOST Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @salesguyinvestor --------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, and comment: http://thegentleartofcrushingit.com/
Today we sit down with Yonah Weiss, a renowned figure in the real estate community known for his expertise in cost segregation and his commitment to fostering abundance and giving back. Yonah defines abundance as recognizing that there is infinite potential and more than enough for everyone. He emphasizes the importance of shifting away from a mindset of competition towards one of collaboration and contribution. Key Takeaways: How Yonah teaches abundance to his 6 children How challenges can broaden our perspective and lead to greater abundance Abundance extends beyond financial wealth to encompass community and contribution Amy and Yonah explore the reciprocal nature of giving and receiving How humility and personal growth are intertwined with abundance More about Yonah: Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving over a Billion dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. Connect with Yonah:https://www.yonahweiss.com/ https://www.instagram.com/yonahweiss/ https://www.linkedin.com/in/cost-segregation-yonah-weiss/ https://twitter.com/YonahWeiss Connect with Amy Sylvis: sylviscapital.com sylviscapital.com/webinar linkedin.com/in/amysylvis
Discover the game-changing benefits of cost segregation in real estate investing in this episode. We delve into the powerful strategy that allows you to accelerate depreciation, optimize tax advantages, and enhance cash flow. Tune in to learn how cost segregation can significantly impact your investment returns and why it's a crucial tool for savvy real estate investors aiming for financial success.Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. In this Episode, Vinki & Yonah chat about:- What is Cost Segregation is and how does it benefit real estate investors? - Bonus Depreciation. - Tax Strategies. - Time to conduct a cost segregation study. - Concept of "Placed in Service".- Misconceptions or Myths surrounding Cost Segregation.Contact Yonah: https://www.linkedin.com/in/cost-segregation-yonah-weiss/
Today We have Josh Appelman & Yonah Weiss to talk with us about getting started, capital raising, and importance of having clear goals.Interested in learning from me? Visit https://www.thetribeoftitans.info/coachingJoin our multifamily investing community for FREE for in-depth courses and live networking with like-minded apartment investors at the Tribe of TitansLink to subscribe to YouTube channel: https://tinyurl.com/SubYouTubeDiaryPodcastApple Podcasts: https://tinyurl.com/AppleDiaryPodcast Spotify: https://tinyurl.com/SpotDiaryPodcast Google Podcasts: https://tinyurl.com/GoogleDiaryPodcast Follow us on:Facebook: https://www.facebook.com/DiaryAptInv/ Twitter: https://twitter.com/Diary_Apt_Inv Instagram: https://www.instagram.com/diary_of_an_apartment_investor This episode originally aired on July 17, 2023----Your host, Brian Briscoe, has been a general partner in 1000+ units worth over $100 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He has developed a multifamily education community called the Tribe of Titans that helps aspiring investors learn the game, network with other like-minded professionals, and get their apartment investing business to the next level. He is founder of Streamline Capital Group, which will continue to acquire multifamily assets well into the future. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021.Connect with him on LinkedInBrian@Steamlinecapital.com----Josh AppelmanJosh Appelman is a successful entrepreneur who has established and grown several multi-million-dollar businesses, earning recognition such as a five-year run on the Inc. 500/5000 list. He possesses vast experience in real estate, managing a diverse portfolio of properties ranging from apartment complexes to self-storage facilities. Renowned for his business acumen, Appelman is skilled in both launching and growing businesses, leveraging his excellent fundraising, networking, and strategic oversight capabilities. His understanding of market dynamics, risk management, and regulatory rules, together with his exceptional negotiation skills and tech proficiency, sets him apart in the business world. His business ethos is defined by honesty and integrity, and he is also an effective communicator and leader. Outside of his professional life, Appelman is a family man, married and father to two children. Learn more about him at: https://rb.gy/h8qbgOr email him at : josh@appelmangroup.com----Yonah WeissYonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss AdviceLearn more about him at: https://rb.gy/11jhm
Cost segregation is about bringing depreciation forward, and it is literally in the tax code. It's basically an engineering study, but don't worry! Yonah demystifies it. Owners hire someone, like Yonah's firm, to categorize expenses. Depending on the category, depreciation schedules vary. Short-term rentals offer a unique opportunity for owners, if they're materially participating, to take passive income losses against active income losses. Yonah breaks it all down in an approachable way. He even covers the complicated concept of real estate professional designation, and whether it's needed. Lauren and Yonah talk tax impacts on rental arbitrage, property managers, and co-hosts. They cover other real estate tax benefits.You may need to educate your accountants, or frankly change accountants after this, but it will be worth it. If you liked this episode, you may also like Episode 125: Getting Started in STRs and How to Get Direct Bookings and Episode 112: How to Set Up Your Airbnb, Step by Step About Yonah: Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. Book mentioned: Tax Free Wealth by Tom Wheelright Sponsored by TouchStay Digital Guidebooks: https://touchstay.com/ Connect with Yonah: Twitter: https://twitter.com/YonahWeiss Instagram: https://www.instagram.com/yonahweiss/ https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Yonah's Podcast on Spotify: https://open.spotify.com/show/1Aq7SJ91d7cSU55nyJOwhU Yonah's Podcast on Apple: https://podcasts.apple.com/us/podcast/weiss-advice/id1515387561?uo=4 Donate to the show: https://cash.app/$AdultingIsEasy Connect with Lauren: https://twitter.com/AdultingIsEasy https://www.instagram.com/adultingiseasyreal/
Our guest, Yonah Weiss, also known as the “Cost Seg King”, is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. In our conversation with Yonah, we thoroughly discussed the benefits of performing a cost segregation analysis on investment real estate and the tax savings that can be achieved from that investment. Our conclusion–paying for a cost segregation analysis is usually worth it! We learned that depending on the type of real estate being acquired, an investor can expect to depreciate approximately 20-30% of the purchase price minus the land for each deal. That's one heck of a lot of tax savings! We also talked about finding a calling in life, investing passively in real estate syndications, and 1031 exchanges. This episode was packed with a ton of tips for becoming a more savvy real estate investor.You can connect with our guest on Instagram @yonahweiss and Twitter @yonahweiss.Are you interested in finding great off-market investment opportunities? We've partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine using this link and follow the steps to secure your next deal. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to info@TheRealFI.com and we'd be happy to connect with you. And If you haven't done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!You can connect with you hosts on instagram: James on Instagram: @James_RippeonPatrick on Instagram: @RentalPropertyCoupleWatch on Youtube. Sign up for our newsletter to stay informed.Let's kick the 9 to 5!Decide. Commit. Take Action!
Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. In this episode, Yonah goes into detail on how a cost segregation study works and how it can defer large tax bills upfront. He shares insight on how a cost segregation study is performed, the components involved, the right time to cost segregate, and dives into recapture tax truths. Yonah talks about how important it is to find the right tax representative who understands cost segregation. Connect with Yonah: Email: yweiss@madisonspecs.com Website: www.yonahweiss.com Partner with us: www.takeoffcapital.co Follow the show on Instagram: @therealestatetakeoff
Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. HIGHLIGHTS FROM THE EPISODE 00:00 – Intro 01:11 – Welcome Yonah to the show 01:25 – He talks about his background 09:56 – Transition into Passive Investment 11:51 – Experiences with different people 12:49 – Thoughts on the investing situations of today 15:26 – His explanation on Cost Segregation 18:17 – He talks about Real Estate 22:51 – Thoughts on Short Term Rentals 32:27 – Recommendations 34:33 – Final thoughts LINKS: Tax free wealth: https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058 CONNECT WITH THE GUEST Website: https://www.yonahweiss.com/ Instagram: https://www.instagram.com/yonahweiss/ Linkedin: https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Twitter: https://twitter.com/YonahWeiss CONNECT WITH THE HOST Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @salesguyinvestor --------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, and comment: http://thegentleartofcrushingit.com/
Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation.Yonah has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of Weiss Advice's top podcast.In this Interview with Yonah, he will share tips on minimizing your taxes!-The best way to reach Yonah Weiss.yonahweiss.com/-Hey, thanks so much for listening!If you enjoyed the podcast, leave a 5-star review on Apple Podcasts and subscribe to the show.And if you'd rather listen to the show on YouTube, check out my channel and subscribe there.-I'm a huge believer that when you're feeling your best, you can do your best. Check out some of my previous podcast episodes!Start Building Wealth Through Real Estate InvestmentWhy Passive Income Is Important for Real Estate Agents4 Key Metrics to Analyze Business Opportunities--Stop
Join us as we sit down with the Cost Segregation King, Yonah Weiss, to discuss ways to make a genuine impact on your network and the power of bonus depreciation available to apartment investors. --About the guest:Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. Connect with Yonah: Yonah's Website: https://www.yonahweiss.com/Yonah's Podcast: Weiss Advice (Spotify | Apple) Episode Highlights✔️ Making a commitment to showing up and being consistent in your business✔️ Growing your network with brand authenticity✔️ The importance of educating your audience as a marketing strategy✔️ How Yonah's LinkedIn challenge can help you maximize engagement on LinkedIn✔️ What is cost segregation? How does it help real estate investors?✔️ How investors use bonus depreciation (which requires a cost segregation study) to reduce their taxable income✔️ The impact of 2023 and beyond on bonus deprecation✔️ Which property types can benefit from cost segregation studies?--❓ WANT TO LEARN MORE?Apartment Syndication FAQ Reference Sheet
Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice.Main Points:Cost SegregationBonus DepreciationFailed 1031 ExchangeDepreciation Recapture TaxShort Term Rentals and the special tax loopholeConnect with Yohan Weiss: https://www.linkedin.com/in/cost-segregation-yonah-weiss/+1 (732) 298-9002yweiss@madisonspecs.comhttps://yonahweiss.com
Multifamily Investing the RIGHT Way with Multifamily Attorney Charles Dobens
Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. Yonah and I talk about how cost segregation can help you save on your property's taxes. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/.
Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. Yonah has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice! Are you looking for significant tax deductions? Yonah shares how you can break down a property from an engineering perspective and maximize your write offs! He shares how depreciation is an important part of the cost-segregation process, and it's not a bad thing at all! It allows you to value your assets and calculate how much they will be worth at certain points in time, which can help with financial decisions down the road. The more information you have about your tax deductions the easier it will be to make informed investment decisions. If you're looking to take a big deduction on your taxes, this is the episode for you! In this episode we discuss: Background, journey, and how Yonah got to real estate. What is a cost-segregation study and how does it work? How to accelerate bonus depreciations and the rules around it. How does depreciation recapture work? Yonah's piece of advice to accelerate your wealth journey. Connect with Yonah Weiss: https://www.yonahweiss.com/ https://www.instagram.com/yonahweiss/ https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Connect with Pantheon Investments: Join the Pantheon Investor Club: https://pantheoninvest.com/investor-signup/ Website: www.pantheoninvest.com Podcast: www.pantheoninvest.com/podcast Facebook: https://www.facebook.com/PantheonInvest Instagram: www.instagram.com/pantheoninvest LinkedIn: https://www.linkedin.com/company/pantheon-invest Twitter: https://twitter.com/Pantheon_Invest Youtube: https://www.youtube.com/channel/UC8EsPFlwQUpMXgRMvrmbAfQ Holistic Wealth Strategy Book:https://www.amazon.com/Holistic-Wealth-Strategy-Roadmap-Financial/dp/B089CS58F1 Email: info@pantheoninvest.com
A wonderful guest on Elevate Your Equity podcast, Yonah Weiss, a powerhouse with property owners' tax savings and the Business Director at Madison SPECS, a national Cost Segregation leader. On this show, he highlighted: • What Cost Segregation is and what are the benefits.• How he utilize social media to engage with other investors and grow his network.• His passion of teaching and helping others to save a lot of money. More about Yonah. He is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice.Learn more about Yonah and his business through:https://yonahweiss.comhttps://yonahweiss.madisonspecs.com/https://www.linkedin.com/in/cost-segregation-yonah-weiss/https://www.instagram.com/yonahweiss/Thanks a bunch Yonah Weiss for coming on the show!Unlock 3+1 degrees of freedom (time, location, financial + health) with our 5 Point Blueprint! https://elevateequity.org/podcastgiftIf you really enjoyed this content and are looking for more, you can continue to learn more about us in several different places for free!on our website for blogs & other podcast interviews! elevateequity.orgour YouTube channel! youtube.com/channel/derekcliffordour book/audiobook! amazon.com/dp/ebookIf you'd like to have a FREE copy of our 7 Ways Commercial Real Estate Syndications Protect and Build Wealth, simply click the link below. We are here and vested in your long-term success! elevateequity.org/7waysEbook
This is part 2 of my conversation with Yonah Weiss, Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and the host of the top podcast, Weiss Advice. In this episode, Yonah discusses how following up can be difficult for someone looking to improve their follow-up skills. The importance of systems is to make it easier. He says that it is important to practice what you preach and that when it comes to follow up, having an assistant or taking the time to create systems is key. He also mentions that they are working on building out a system in which emails are automatically sent out when certain events occur, such as a fundraising goal being reached. [00:01 - 03:30] Utilizing “Touch Points” To Follow Up With Clients You Haven't Seen In A While Yonah recommends following up with someone you haven't seen in a while He suggests using “touch points” such as social media, email, or DMs to keep in touch If you're not good at following up He recommends creating systems to do the follow up for you [03:31 - 22:01] Systemizing Your Processes For Future Success Yonah recommends building a system to track email campaigns so you can see how successful they are He says that, with over 1,000 clients, it's not difficult to be overwhelmed with remembering who they are and what their needs are He uses VA to help him remember conversations and tasks Systemizing the VA's work by recording everything the VA does, which takes some of the stress off of him Sharing information and skills is important in order to grow as a businessperson [22:02 - 26:19] Closing Segment Yonah says that he has been working to help others learn how to have conversations and be more comfortable in them over the last year and a half He recommends cost segregation as a way for people to benefit from their property investments He encourages listeners to utilize their connections and relationships for other purposes beyond just fundraising or investment Yonah invites us to visit his website: https://www.yonahweiss.com/ Tweetable Quotes: “It's hard to have conversations in your place, but it's very easy to do tasks and things that are not related to direct conversation.” – Yonah Weiss “The truth of the matter is that the reason why setting up the systems is so important is because, maybe you don't really need it right now, but as you grow and as you scale, you will need it, and setting it up properly from the beginning is just going to make things a hundred times easier.” – Yonah Weiss Connect with Yonah through his website, Facebook, LinkedIn, YouTube, Spotify, or email him! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we dive deep into networking and relationship building with our great returning guest, Yonah Weiss. Yonah is one of the best connectors in the CRE space and an expert in cost segregation. We talk about community building, mitigating risk, and the newest changes in cost segregation. Learn more about Yonah and his story at shineinsurance.com/managing-commercial-real-estate-risk! “Platforms like LinkedIn are a great way to put yourself out there, create a brand that people recognize, and continuously add value.” 05:03 At the beginning of the conversation, we talk about building relationships and growing our network. Yonah has always been a good connector and enjoyed meeting people, so building community has always come to him naturally. He shares his best pieces of advice on how to be a good connector. Learn how to be a good listener because that is the most important skill in networking. Actively engage with other people's content on social media, especially on LinkedIn. Provide value on your social media consistently. “Risk is very malleable because it changes based on your level of knowledge.” 17:09 Yonah talks about the biggest risk he took that changed his life. He moved from the United States to Israel 22 years ago, without knowinf anybody. He's been working remotely ever since. This experience taught him to not be afraid of taking risks. According to him, risk can always be mitigated by learning more about the topic. “The biggest risk for anyone in commercial real estate is the uncertainty of market changes.” 27:06 At the end of the episode, we talk about Yonah's expertise - cost segregation. Cost segregation is a tax strategy for real estate investors that allows them to accelerate their depreciation deductions to a faster pace. Yonah talked more in-depth about cost segregation in a previous episode. A big change since then is that the “100% bonus depreciation” option ends in 2022 and will start to phase out by decreasing 20% each year for the next several years. What that means is you will no longer be able to take 100% of those accelerated deductions in the first year, you'll only be able to take 80% of them. About our Guest, Yonah Weiss Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. Mentioned in the show: https://www.yonahweiss.com/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Yonah Weiss for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts While you there, please RATE & REVIEW the show SHARE with friends Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Build Your Network & Lower Your Taxes, With Yonah Weiss 112: Quadrant Of Risk 123: Infinite Banking, With Kofi Thompson
This is part 1 of my conversation with Yonah Weiss, Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national cost segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and the host of the top podcast, Weiss Advice. In this episode, Yonah discusses Cost Segregation, where he defines it as the practice of separating out the cost of a property into different categories, such as nonstructural items such as carpets or flooring, and structural items like walls or plumbing. This method allows you to take deductions for each category over a period of time, which can be beneficial when the value of the property increases over time. He emphasizes that learning about this benefit and paying attention to current market trends, you can make sure that your money is working for you and not against you! [00:01 - 03:30] Understanding Depreciation and Cost Segregation Yonah discusses how it is important to understand depreciation and cost segregation This process allows you to take deductions for the entire value of a property over a period of time [03:31 - 22:01] Educate Yourself To Make Your Money Work For You Yonah discusses how we should take advantage of the 100% depreciation for new acquisitions Cost segregation and landscaping improvement can still be still be depreciated over a longer period of time He predicts that there will be more people searching for information on real estate investment Make your money work for you Educate yourself to find strategies that can help accelerate the process [22:02 - 26:19] Closing Segment Yonah defines Inflation and how it affects the economy! Yonah invites us to visit his website: https://www.yonahweiss.com/ Tweetable Quotes: “Putting your money where it can work for you. Once you build on that passive income to a certain point where the goal is to have passive income and replace the time that you need to invest to actually trade that time for money. And that's what separates the wealthy from the rest of the world. It's a mindset more than anything.” – Yonah Weiss “Educating yourself and continuing to find these strategies that can actually help accelerate that process.” – Yonah Weiss Connect with Yonah through his website, Facebook, LinkedIn, YouTube, Spotify, Podcast or email him! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
Yonah Wiess joins #Clockedin with Jordan Edwards and teaches us about Real Estate and More Importantly Cost Segregation. Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice.Yonah is helping real estate professionals save tons of money to tax savings. To Learn more about Yonah Wiess:Yonah Wiess Website: https://www.yonahweiss.com/Yonah Linkedin: https://www.linkedin.com/in/cost-segregation-yonah-weiss/Hope you find value in this. If so please provide a 5-star and drop a review. Complimentary Edwards Consulting Session: https://calendly.com/jordan-555/intro-call
The Investor Relations Real Estate Podcast Episode 14: Everyone Is Connected To Real Estate Host: Jonny Cattani Guest: Yonah WeissProducer: April Munson Jonny Cattani is joined by Yonah Weiss to discuss: What is cost segregation?Bonus depreciation Every type of property can benefit from cost segregationRecaptured tax Passive gainsGiving back Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice.Linked material referenced during the podcast:Book: The Way Of God - Rabbi Moshe Chaim Luzzatto https://www.amazon.com/Way-God-Derech-Hashem/dp/1598264672/ref=sr_1_1?crid=2R5JDL4PFTZI1&keywords=the+way+of+god&qid=1650391939&sprefix=the+way+of+god+%2Caps%2C88&sr=8-1Connect with Yonah!LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/Website: https://yonahweiss.comLink Tree: https://linktr.ee/yonahweiss Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Instagram: https://www.instagram.com/jonnycattani/
Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national cost segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. Let's tune in to his story! [00:01 - 08:27] Opening Segment Fortune Cribs helps investors buy short-term rentals and select markets across the country for as little as 10% down with no cash on cash returns in the 20-30% range. They will design furnish and manage all your day-to-day operations, making your experience truly hands-off. If you want to take the next step in growing your real estate investing business, go to FortuneCribs.com and book your free consultation now! Let's welcome our powerhouse guest, Yonah Weiss Yonah tells the story of the time he wanted more than his teaching career Yonah's story with Madison SPECS [08:28 - 19:54] Cost Segregation and Cost Segregation Strategies Addressing the cost segregation knowledge gap The relationship between cost segregation, tax, and depreciation How to Maximize Your Cost Segregation Benefits Cost Segregation Study with Yonah How Cost Segregation Optimizes Your Investments Tax Cuts and Jobs Act [19:55 - 26:55] Depreciation Recapture Yonah explains Depreciation Recapture Depreciation Recapture Strategies The Future of Depreciation [26:56 - 33:20] The Legacy Round Yonah shares his networking expertise Social Media for a Reason Building a brand Check out the Weiss Advice
Tax Expert Yonah Weiss joins the Passive Cash Flow Podcast to explain how real estate investors take full advantage of the tax code by taking more tax write-offs now instead of later. The tool is called a cost segregation study and it allows landlords to accelerate the amount of tax depreciation they can take from a building at one time. The IRS encourages this! As a landlord, you can take a ton of tax write-offs now instead of waiting 20 or 30 years to take that tax depreciation as most landlords do. But this does not make sense for any size building, listen to the episode to see if this tool makes sense for your investment strategy.Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice.https://www.linkedin.com/in/cost-segregation-yonah-weiss/https://yonahweiss.madisonspecs.com/--https://www.peoplescapitalgroup.com/https://www.instagram.com/real_estate_investments_nj/?hl=enhttps://www.facebook.com/peoplescapitalgroupnjhttps://twitter.com/PCGrealestatehttps://www.linkedin.com/company/peoples-capital-grouphttps://www.youtube.com/channel/UCCeJh5UgrdBDOabr2YLbAHg#NJRealEstateInvesting#AaronFragnito#PassiveCashFlow#PCG--00:00 Intro01:57 How to Take Tax Write Offs Now Instead of Later05:33 Passive write-offs08:42 Cost segregation study 12:04 Does it make sense to flip apartment buildings and still do a CSS15:49 Contact Yonah Weiss--This is not a solicitation for funds, tax advice, or legal advice. This is not intended to be, and must not be construed to be in any form or manner a solicitation of investment funds or a securities offering. Peoples Capital Group LLC is NOT a United States Securities Dealer or Broker nor U. S. Investment Adviser is a Consultant/service provider and makes no warranties or representations as to the listener or viewer. All due diligence is the responsibility of the investor.Support the show (https://www.peoplescapitalgroup.com/)
In this interview Yonah Weiss discusses how cost segregation studies can help Airbnb / short term rental property owners offset their income using accelerated depreciation strategies. - What is a cost segregation study? - How cost segregation studies work with short term rentals and Airbnb properties. - Can short term rental owners use depreciation to offset their W2 income - Bonus recapture taxes and more GUEST'S BIO Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. CONNECT WITH THE GUEST Yonah Weiss: Website | Instagram | Facebook | Linkedin CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
The Cost Seg King……The Lord Of The LinkedIn…..the man, the myth, the legend, the one and only YONAH WEISS joins us to start off the New Year in 2022!Yonah is The Regional Business Director of Madison Specs LLC, a leading cost segregation specialist company AND the host of the popular top rated podcast Weiss Advice.Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice.Also be sure to register for the 2022 Spartan Summit, where the main speaker will be none other than DAYMOND JOHN from the Shark Tank! Use promo code FREEDOM22 to get 10% off your ticket while supplies last!Helpful Resources:What Is Depreciation?Madison SpecsTax Free Wealth by Tom WheelrightReal Estate Professional definitionHospital Corporation of America [HCA] v. Commissioner CaseForm 3115Spartan Summit – meet Daymond John AND myself in FebruaryConnect with YonahLinkedInwww.yonahweiss.comStay connected with Wealth and Freedom Nexus!Instagram Twitter YouTube www.wealthandfreedomnexus.comWant to support the show? Buy me a coffee or become a Patreon member!As always, be sure to follow, subscribe, rate and share this podcast with other like-minded individuals who are in pursuit of wealth and freedom!
Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. Having 6 kids! Creating an amazing CRE online community. Get in touch with Yonah: https://yonahweiss.com If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/
In today's episode of Ritter On Real Estate, we chat with Yonah Weiss. Yonah is a self-described “powerhouse” when it comes to helping property owners with tax savings. As Business Director at a national cost segregation leader, Madison SPECS, Yonah has assisted clients in saving tens of millions of dollars on taxes through cost segregation. Over the past 15 years, Madison SPECS has done over 16,000 cost segregation studies covering all 50 states, resulting in over $3 BILLION in tax savings. In addition to helping investors save on their taxes, Yonah is the founder of Real Estate Connections a virtual meetup group hosted every Wednesday at 7 pm EST which allows individuals to learn and network with other multifamily experts. Welcome to the podcast Yonah! Key Points From The Episode: Yonah's background & upbringing/ his passion for helping others.Starting his career as a teacher, then transitioning to real estate.Why real estate investing is a great vehicle for wealth building.The importance of having a growth mindset.Understanding that passive investing still requires being active. What is cost segregation? The role cost segregation plays in real estate investing/taxes.Bonus depreciation laws explained. Offsetting taxes in Real Estate Deals.How networking positively impacted Yonah's life and business. Books Mentioned:Jab, Jab, Jab, Right Hook By Gary V.
Yonah, always lived within his means. He enjoyed teaching, he became a tutor at a very young age. Due to a leg injury at a young age, he had to stop his athletic career, but he learned more about human nature (especially his friends) during that phase, which shaped him. His Jewish background pulled him inwards and put him on the spiritual path. Right after finishing school in the US, he flew back to Jerusalem to explore that path. Yonah wanted to create generational wealth for his family. He loved his teaching job but he knew that his teaching job he won't be able to fulfill his generational wealth dream. So he found another passion, Real Estate. He educated himself about commercial Real Estate and later found his niche in Cost segregation. Today, Yonah is a Director at Madison SPECS. Yonah is a powerhouse of knowledge when it comes to property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars in taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice.Contact Yonah: https://www.linkedin.com/in/cost-segregation-yonah-weiss/Would love your feedback. Please feel free to contact us @ https://loombainvest.com. Connect with us: https://www.linkedin.com/in/vinkiloombahttps://www.linkedin.com/in/raju-datla/Follow us @: https://twitter.com/loombainvest, https://www.instagram.com/loombainvestment,https://www.facebook.com/Loombainvest
Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. Yonah Weiss Regional Business DirectorMadison SPECS, LLC a Madison Commercial Real Estate Company Direct (732) 298-9002LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/
Coming up with ideas for creating content on a daily basis can be difficult. However, when you actually put in the work, there is no limit to how big your network can become. In this episode, Yonah Weiss explains everything you need to know about branding yourself on social media. Yonah's background and how he got interested in real estate Social media marketing Interest and time spent on social media The best ratio of posts throughout a week The best day to post on social media Deciding who to connect with on social media How to create content on a daily/weekly basis The one thing Yonah found on social media he never thought he would Pod Decks Segment Core Four Segment Favorite Real Estate Related Book What do you think your unique skill is that helped you become successful? Tell me something that's true about real estate that almost nobody agrees with you on? One piece of advice would you give to our listeners wanting to succeed in real estate investing BOOK MENTIONED Sell It Like Serhant: How to Sell More, Earn More, and Become the Ultimate Sales Machine ABOUT YONAH WEISS Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the new podcast Weiss Advice. Connect with Yonah Weiss LinkedIn: Yonah Weiss Website: www.yonahweiss.com YouTube: Yonah Weiss For more information about Ferrari Capital visit us on our website @ https://www.ferraricapital.com If interested in doing any deals with us and want to keep updated on any upcoming new deals, just sign up at the link below and you'll be on our investor list: Partnership — Ferrari Capital To grab a copy of our free Ebook: “The Ultimate Guide to Investing in Multifamily Syndications”, just provide us your email on our homepage, and will send that right over to you.
The more ways to depreciate, the better. In this episode, we take a deep dive into cost segregation, one of the most important strategy to help you offset your income tax from rental properties. Links: Icecreamwithinvestors.com Book Recommendations: Jab, Jab, Right Hook by Gary Vaynerchuk Guest Biography: Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS and a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. Guest Links: Yonah's LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Madison Specs: https://madisonspecs.com/ Weiss Advice Podcast: https://www.yonahweiss.com/podcast
Yonah is a powerhouse - with property owners' tax savings. As Business Director at a national cost segregation leader, Madison SPECS, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. Over the past 15 years Madison SPECS has done over 16,000 cost segregation studies covering all 50 states, resulting in over $3 BILLION in tax savings. In this episode we covered: How does one know if their property is a good candidate for a cost segregation study? What does one look for in a cost segregation firm? Should one always get an upfront estimate first? Is one able to capture some of the benefits of cost segregation retroactively, if they've already held a property for a long time? Looking at the Tax Cuts and Jobs Act of 2017, does the change in the Act allow property owners to take their depreciation deductions much faster. Is this temporary, or a permanent change in the law? How does any of this impact an investor's personal income taxes? Tune in for a very engaging conversation! --- Send in a voice message: https://anchor.fm/donald-thomas6/message Support this podcast: https://anchor.fm/donald-thomas6/support
Yonah is a powerhouse when it comes to property owners' tax savings. As Business Director at Madison SPECS, a national cost segregation leader, he has assisted clients in savings tens of millions of dollars on taxes through cost segregation. Yonah has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the new podcast Weiss Advice. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/rafael-agliata/support
Did you know that Cost Segregation and Bonus Depreciation can help you save income tax? You might be missing out on paying zero tax! If you are thinking about 1031 exchange or someway to write off your tax income as a real estate professional, this may be just that thing you are looking for. This week, we have the King of Cost Segregation, Yonah Weiss, join us on our webinar series to help us understand following concept: 1. What is cost segregation and bonus depreciation? 2. How does it help in terms of helping you save income tax so you pay nothing? 3. How is it a creative alternative to 1031 exchange? 4. What is the catch? 5. Q&A About the Speakers: Yonah Weiss is Business Director for Madison SPEC. As Business Director at a national cost segregation leader, Madison SPECS, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. Over the past 14 years Madison SPECS has done over 15,000 cost segregation studies covering all 50 states, resulting in over $3 BILLION in tax savings. About the Host: Elisa Zhang is the owner/principal of 1000+ unit apartment buildings via 1031 exchange and syndication. After quitting her day job to invest in real estate full-time, she is passionate about teaching others to do the same. She now focuses her time and expertise on helping typical nine-to-fivers to quit their job in 10 years or less. Learn more about us: https://www.ezfiuniversity.com/
Talk about an eye-opening episode with Yonah Weiss… we discuss the power of cost segregation as a strategy to minimize your tax liabilities when investing in commercial real estate, as well as the power of being classified as a “real estate professional” in the eyes of the IRS. This is an episode where you'll be giving your accountant a call once you're done listening and asking them how you can implement these strategies! Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the new podcast Weiss Advice.Show Notes:4:00 Yonah shares his background as a teacher and how he got into real estate. 7:35 Yonah gives a high-level overview of cost segregation and we discuss the power of depreciation in real estate. 12:28 We discuss how depreciation works and how important it is for real estate investors to understand and utilize it.17:48 Yonah discusses who he works with most on tax deductions and how it offsets rental income and other forms of income… and how wholesalers and flippers can benefit from depreciation, even if they aren't buying and holding (this is huge)!20:52 We discuss bonus depreciation and how you can take it all in year one with new tax reforms. 27:55 Yonah shares what kinds of buildings (price and size) most benefit from cost segregation studies.31:10 We discuss where Yonah believes that his method works best, according to land value and state laws. 34:05 Yonah shares the process of performing a cost segregation study and what it looks like.39:32 We discuss how depreciation deductions differ within each asset class (multifamily, office, retail, industrial, etc).45:04 Yonah shares what he attributes his success to and what his short term goals are.CONNECT WITH YONAHhttps://madisonspecs.com/https://www.instagram.com/yonah_weiss/https://www.linkedin.com/in/cost-segregation-yonah-weiss/CONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/Download my investor toolkit (cash flow calculator, investor pitch deck, scope of work template, and renovation checklist) here.
Talk about an eye-opening episode with Yonah Weiss… we discuss the power of cost segregation as a strategy to minimize your tax liabilities when investing in commercial real estate, as well as the power of being classified as a “real estate professional” in the eyes of the IRS. This is an episode where you'll be giving your accountant a call once you're done listening and asking them how you can implement these strategies! Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the new podcast Weiss Advice.Show Notes:4:00 Yonah shares his background as a teacher and how he got into real estate. 7:35 Yonah gives a high-level overview of cost segregation and we discuss the power of depreciation in real estate. 12:28 We discuss how depreciation works and how important it is for real estate investors to understand and utilize it.17:48 Yonah discusses who he works with most on tax deductions and how it offsets rental income and other forms of income… and how wholesalers and flippers can benefit from depreciation, even if they aren't buying and holding (this is huge)!20:52 We discuss bonus depreciation and how you can take it all in year one with new tax reforms. 27:55 Yonah shares what kinds of buildings (price and size) most benefit from cost segregation studies.31:10 We discuss where Yonah believes that his method works best, according to land value and state laws. 34:05 Yonah shares the process of performing a cost segregation study and what it looks like.39:32 We discuss how depreciation deductions differ within each asset class (multifamily, office, retail, industrial, etc).45:04 Yonah shares what he attributes his success to and what his short term goals are.CONNECT WITH YONAHhttps://madisonspecs.com/https://www.instagram.com/yonah_weiss/https://www.linkedin.com/in/cost-segregation-yonah-weiss/CONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/Download my investor toolkit (cash flow calculator, investor pitch deck, scope of work template, and renovation checklist) here.
Join me and my co-host, Matt, as we chat with Yonah Weiss about why depreciation isn't necessarily a bad word and how you can use cost segregation to increase your tax write-offs and your cash flow. Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has helped clients save tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the new podcast Weiss Advice. He's going to discuss how cost segregation works and who should use it. Stay tuned, and enjoy the episode! Depreciation and Cost Segregation Cost segregation is a way for you to save on income tax from your real estate investment and increase your cashflow by accelerating depreciation deductions. Looking at depreciation from this viewpoint, it wasn't such a bad thing after all. By speeding up your assets' depreciation, you can offset any income that you generate from your real estate investments and drive your bottom line. Cost segregation is a simple yet powerful tool that you can use as a real estate investor to increase property value and increase cash flow. And if you haven't done a cost segregation study for your investment properties yet, now may be the right time to explore this option. About Yonah Weiss: Ever since I was young, I have been a teacher; my grandmother used to call it “the family business.” The principle “If you know ABCs--teach ABCs” has always resonated with me. It's what drove me to teach professionally for over a decade, and it's what continues to drive me to help people save tons of money on income tax or invest in real estate. Outline of the Episode: ● [01:44] - Defining and understanding what depreciation is ● [05:39] - Cost segregation is just an advanced form of depreciation. ● [6:39] - Who should use a cost segregation study? ● [8:40] - Why would someone perform cost segregation when the depreciation is recaptured at exit? ● [10:44] - Recapture tax is something very serious that you need to consider when buying a property. ● [12:45] - The price point of a cost segregation study based on the scope of work of the project ● [14:48] - Madison SPECS' free feasibility analysis estimate ● [16:52] - How will a cost segregation study increase your cash flow as a property owner? ● [21:19] - You do not have to do cost segregation in the first year of ownership. You can get it retroactively. ● [24:00] - When is the right time to do a cost segregation study? Resources: ● Linked In ● Personal Website ● Company Website ● Facebook ● Podcast ● Virtual Real Estate Meetup ● "Tax-Free Wealth" by Tom Wheelwright Connect with The Cashflow Project! ● Website ● LinkedIn ● YouTube ● Facebook ● Instagram
Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the new podcast Weiss Advice. Tune in to hear Yonah and I talk about Cost Segregation
Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's also a real estate investor and host of the new podcast Weiss Advice. Takeaways: CSA – Cost Segregation Analysis The process of a CSA - cost segregation is a more advanced form of depreciation. You have to understand what depreciation is and why that's so beneficial. Depreciation allows you to literally write off the entire value of that building off Depreciation is accounting for wear and tear and value of building goes down overtime The key is constantly trying to add value to other people, helping other people giving to other people 10 times more than you would ever expect to receive in return. Snapshot Round What is your number one failure in real estate? I feel go back to the fix and flips that he did a bunch of years ago and that was you know, just I think for a lot of people fix and flips are a learning experience. What is the number one thing that has contributed to your success?I think like we talked about before, giving, right being selfless, that's actually contributed to success. What is one nugget of investing knowledge you want to give us? Do your due diligence.What is your dream?My dream is really to provide, for my for my kids. My dream is that they will be happy and kind of aligned with the same values that I know. Yonah's Contact: Website: https:www.yweiss@madisonspecs.com www.yonahweiss.com Host of the Weiss Advice Podcast: https://podcasts.apple.com/us/podcast/weiss-advice/id1515387561
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Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. Website: http://www.madisonspecs.com/ https://teach.ceoblognation.com/?p=22154 LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Facebook: https://www.facebook.com/yonah.weiss.1 Biggerpockets: https://www.biggerpockets.com/users/YonahW18
Bulletproof Cashflow: Multifamily & Apartment Investing for Financial Freedom
Yonah Weiss is a real estate investor and cost segregation expert. In his short career, he has assisted property investors in saving tens of millions of dollars on taxes through cost segregation. As Business Director at Madison SPECS, he applies proven tools based on IRS accepted rules to accelerate depreciation and maximize returns associated with your real estate investments. In this episode, we discuss the benefits and requirements to perform a cost segregation analysis. It can save you tens of thousands of dollars on your tax return, putting more money in your pocket and the pockets of your investors.