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EP22 | How Cost Segregation Can Save You on Real Estate Taxes with Yonah Weiss
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If used correctly, cost segregation can unlock the cash flow potential of your real estate assets. So, Yonah Weiss is on the show today to teach us how to use it to our advantage. Dive in as he shares direct insights on utilizing tax-deferring techniques to amplify your income streams further and elevate your investing game. Stay tuned!
Key takeaways to listen for:
- The value of education in your real estate career
- Cost segregation: What it is and how it helps real estate investors
- What is a bonus depreciation study and depreciation recapture?
- Property investments types that can benefit from tax-deferral strategies
- Essential advice for real estate beginners
Resources:
- Rich Dad Poor Dad by Robert Kiyosaki | Kindle and Paperback
- The Eastern Way by Ira Zlotowitz
- BiggerPockets
- BiggerPockets Real Estate Podcast
- The Hands-Off Investor by Bryan Burke | Kindle and Paperback
- Short Term Rentals, Long Term Wealth by Avery Carl | Kindle and Paperback
- Real Estate by the Numbers by J Scott and Dave Meyer | Kindle and Paperback
- Who Not How by Dan Sullivan and Dr. Benjamin Hardy | Kindle, Paperback, and Hardcover
About Yonah Weiss
As Business Director for Madison SPECS, Yonah provides expert, engineering-based cost segregation studies. Cost Segregation is an IRS-approved process for reclassifying real estate components and improvements to accelerate depreciation deductions, defer taxes and improve cash flow. He is within an in-house team of engineers and accountants who combine tax and engineering strategies to analyze construction contracts and building plans to identify those assets that qualify for accelerated depreciation for tax purposes.
Connect with Yonah
- Website: Madison SPECS
- Podcast: Weiss Advice | Apple Podcast and Spotify
- LinkedIn: Yonah Weiss
- Twitter: @YonahWeiss
CONNECT WITH US
Are you looking for the easiest way to grow your passive real estate portfolio? Visit Great Venture Capital to join our Investor Club today!
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