EPISODE · Jun 27, 2023 · 39 MIN
#163: How Cost Segregation Can Wipe Out Your Tax Bill + The Power of Being Classified As A "Real Estate Professional" with Yonah Weiss
from The Multifamily Hour Podcast · host Axel Ragnarsson
In this episode, I sit down with Yonah Weiss, a dedicated teacher and passionate advocate for financial success. Growing up in a family where education was considered a valuable legacy, Yonah discovered his calling to teach at a young age. With over a decade of professional teaching experience, Yonah's commitment to education extends far beyond the classroom. He strives to help people save significant amounts of money on income taxes and make wise investments in real estate. As a recognized expert in the field, Yonah has assisted hundreds of real estate investors in saving tens of millions of dollars in income tax through Cost Segregation with Madison SPECS. His expertise has earned him invitations to be a guest on over 300 top real estate podcasts, where he shares valuable insights and strategies. Key points from the episode: 1. Yonah's journey into real estate 00:00 - 3:42 2. Definition of cost segregation 3:42 - 7:30 3. Importance of bonus depreciation 7:30 - 12:30 4. Cost segregation study 12:30 - 18:58 5. Real Estate Professional Status 18:58 - 25:31 6. Depreciation loses 25:31 - 27:00 7. Cost Segregation Study Process 27:00 - 35:05 8. Ways to contact Yonah 35:05 - 36:03 Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Join Here: https://alignedrep.com/investor-application/ Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Learn more about Aligned Real Estate Partners Connect with today's guest: Follow him on LinkedIn Visit his Website Follow him on Instagram Follow him on Twitter
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In this episode, I sit down with Yonah Weiss, a dedicated teacher and passionate advocate for financial success. Growing up in a family where education was considered a valuable legacy, Yonah discovered his calling to teach at a young age. With over a decade of professional teaching experience, Yonah's commitment to education extends far beyond the classroom. He strives to help people save significant amounts of money on income taxes and make wise investments in real estate. ...
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#163: How Cost Segregation Can Wipe Out Your Tax Bill + The Power of Being Classified As A "Real Estate Professional" with Yonah Weiss
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