5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate

Saving MILLIONS Utilizing Cost Segregation with Yonah Weiss

September 15, 2020 Abel Pacheco Season 1 Episode 1
5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate
Saving MILLIONS Utilizing Cost Segregation with Yonah Weiss
Chapters
5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate
Saving MILLIONS Utilizing Cost Segregation with Yonah Weiss
Sep 15, 2020 Season 1 Episode 1
Abel Pacheco

Welcome to the 5 Talents Podcast, the show that helps you learn the best tips in Real Estate Investing from the best Real Estate Professionals. I’m your host Abel Pacheco. Today I had the pleasure of speaking with Yonah Weiss. Yonah works for Madison Specs and is an expert in saving millions in taxes for property owners using his method of Cost Segregation. 

 

[00:01 - 07:10] Opening Segment

●     Welcome to the Podcast! I introduce Yonah Weiss 

●     Yonah gives us a bit of background 


[07:11 - 18:20] Breaking Down Cost Segregation 

●     What is Cost Segregation and Accelerated Depreciation?

●     Multifamily assets vs. single family assets in depreciation 

●     The four categories of value 

●     It’s an engineering method that combines with taxes

●     How this method applies to each asset class 


[18:21 - 27:55] Utilizing Bonus Depreciation

●     Yonah walks us through the next level of accelerated depreciation with examples

●     The bonus is a choice, you can choose to take it all in year one or spread it out

●     Your depreciation from one property can be used between all your properties 

●     I talk about how bonus depreciation worked for me 


[27:56 - 33:29] Yonah’s Investing Advice 

●     Yonah talks how to know if you’ll benefit in an investment

●      Examples of projecting losses 


[33:30 - 41:46] Closing Segment

●     How can people reach out to you?

        ○     Info and links below

●     Why do you give so much value back?

       ○     Yonah’s business and life philosophy 

●     Last advice for what to do during this time?

       ○     Double down on social networking 

●     Final words of wisdom from Yonah and me

 

Tweetable Quotes:

“It’s not just a tax method, it’s not just an accounting method, it’s an engineering method that combines with the taxes.” - Yonah Weiss

Resources:

●     5TCRE Investments

●     5TCRE Free ebook

●     Madison Specs

 

------------------------------------------------------------------------------------------

Connect with Yonah on LinkedIn, and Facebook @YonahWeiss. Visit https://www.yonahweiss.com/ to learn more and check out the Weiss Advice Podcast

Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

 

Email us --> [email protected]

Support the show (https://www.buymeacoffee.com/5Talents)

Show Notes

Welcome to the 5 Talents Podcast, the show that helps you learn the best tips in Real Estate Investing from the best Real Estate Professionals. I’m your host Abel Pacheco. Today I had the pleasure of speaking with Yonah Weiss. Yonah works for Madison Specs and is an expert in saving millions in taxes for property owners using his method of Cost Segregation. 

 

[00:01 - 07:10] Opening Segment

●     Welcome to the Podcast! I introduce Yonah Weiss 

●     Yonah gives us a bit of background 


[07:11 - 18:20] Breaking Down Cost Segregation 

●     What is Cost Segregation and Accelerated Depreciation?

●     Multifamily assets vs. single family assets in depreciation 

●     The four categories of value 

●     It’s an engineering method that combines with taxes

●     How this method applies to each asset class 


[18:21 - 27:55] Utilizing Bonus Depreciation

●     Yonah walks us through the next level of accelerated depreciation with examples

●     The bonus is a choice, you can choose to take it all in year one or spread it out

●     Your depreciation from one property can be used between all your properties 

●     I talk about how bonus depreciation worked for me 


[27:56 - 33:29] Yonah’s Investing Advice 

●     Yonah talks how to know if you’ll benefit in an investment

●      Examples of projecting losses 


[33:30 - 41:46] Closing Segment

●     How can people reach out to you?

        ○     Info and links below

●     Why do you give so much value back?

       ○     Yonah’s business and life philosophy 

●     Last advice for what to do during this time?

       ○     Double down on social networking 

●     Final words of wisdom from Yonah and me

 

Tweetable Quotes:

“It’s not just a tax method, it’s not just an accounting method, it’s an engineering method that combines with the taxes.” - Yonah Weiss

Resources:

●     5TCRE Investments

●     5TCRE Free ebook

●     Madison Specs

 

------------------------------------------------------------------------------------------

Connect with Yonah on LinkedIn, and Facebook @YonahWeiss. Visit https://www.yonahweiss.com/ to learn more and check out the Weiss Advice Podcast

Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

 

Email us --> [email protected]

Support the show (https://www.buymeacoffee.com/5Talents)