Behind The Cost Segregation Method: Saving Investors Millions in Taxes - Yonah Weiss Episode #98

GUEST BIO The King of Cost Segregation is here to help us all save on income taxes, something we can never truly escape. Yonah is an active Podcaster, a RE-Investor, and most importantly, he knows how to connect people and help them help one  another. Yonah shares some of the details on how he simplifies the process of taxes so that you — along with your accountant can apply the cost segregation study on your existing assets. If you’ve had assets for some time and haven’t done so already it isn’t too late, tune into the episode to see the significant tax deductions you can receive from applying a cost segregation  study to your portfolio.  This includes maximizing annual depreciation, reducing upfront income tax costs, lowering cost of capital, improving cash flow, and having the ability to write-off individual assets in the future. HIGHLIGHTS OF THE EPISODE 02:05 - Background about the guest - Yonah Weiss 05:42 - Start of a new venture 10:31 - Cost Segregation KEEPING IT REAL 14:44 - How to deal with Cost Segregation 17:23 - Tax Deduction 19:47 - Formula for Cost Segregation 21:48 - Who can benefit Cost Segregation 24:13 - 4 Categories when talking Cost Segregation 29:05 - Grow your Portfolio using Cost Segregation 31:17 - Biggest Misconception RAPID FIRE QUESTIONS 33:31 - Favorite Book - Unlocking Greatness Book by Charlie Harary 34:31 - Best Habit - Prayer 35:08 - Best Tool - LinkedIn 38:40 - One 300 unit apartment vs 3 apartments of a 100 units - one 300 unit building BOOKS MENTIONED IN THIS SHOW Unlocking Greatness Book by Charlie Harary NOTABLE QUOTES (KEY LESSONS): “Every time you teach the subject, new questions and different questions from different people and that really sharpens the saw even more”  CONNECTING WITH THE GUEST LinkedIn | Instagram | Facebook www.yonahweiss.com www.madissonspecs.com #ExperimentCostSegregation