Wealth Matters By Alpesh Parmar

068: Cost Segregation Tax Hack with Yonah Weiss


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Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the new podcast Weiss Advice.

Here are the questions for the podcast:

•         What's your role in the business?

•         How did you get into cost segregation space?
•         What is cost segregation? Can you give an example with numbers?
•         How does bonus depreciation work especially after Tax Cuts Jos Act?
•         I am a passive investor and have invested $100K in an multi-family syndication? Would cost segregation loss flow to me? Can I apply the loss to my active income?
•         What if I don't have enough passive income to write off the passive loss? How long can I carry forward the loss? What happens when the property is sold?
•         When is paying for cost segregation justified? Can I do it on single family house, duplex, fourplex etc? I have a 10 unit property acquired for $500K, would it be worth to go through cost seg?
•         When should someone involve a cost segregation company? During due diligence or after close and why?
•         Do you personally invest in real estate and what kind of real estate? Where do you see market is headed in the next 2-3 years?

...more
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Wealth Matters By Alpesh ParmarBy Alpesh Parmar

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