REI173: The Power of Cost Segregation w/ Yonah Weiss
Yonah Weiss does a deep dive on cost segregation. As business director at Madison SPECS, a national cost segregation leader, he’s assisted clients in saving hundreds of millions of dollars on taxes through cost segregation.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
08:02 - What his early career was like as an educator.
09:32 - How he transitioned in his 30’s to real estate after his teaching career.
23:42 - Why fix and flips weren’t for him.
24:09 - Why he feels your network is your net worth.
37:49 - How he became an expert in cost segregation.
37:49 - What cost segregation is and the tax savings it can generate.
54:31 - How bonus depreciation works and how the IRS will treat it in the coming years.
56:40 - How he continues to give back and teach through social platforms and his podcast.
01:03:11 - What the most impactful book has been for him.
01:03:22 - How he views success.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Related episode: Listen to: REI120: Tax Strategies for Real Estate Investors w/ Amanda Han, or watch the video.
- Weiss Advice Podcast.
- Robert’s book The Everything Guide to House Hacking.
- The 7 Habits of Highly Effective People by Stephen Covey.
- Rich Dad Poor Dad by Robert Kiyosaki.
- Richer, Wiser, Happier by William Green.
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Connect with Patrick (@jpatrickdonley): Twitter
Connect with Yonah: Twitter | LinkedIn | Website
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