Have you ever heard of Cost Segregation? If you want to learn more about the concept and its potential benefits to your real estate investments, this is the episode for you! In this episode, we have Yonah Weiss, Business Director at Madison SPECS, a national Cost Segregation leader, and the Cost Segregation King! Yonah is a powerhouse with property owners' tax savings. He has assisted clients in saving tens of millions of dollars on taxes through cost segregation, and that’s just him, not even Madison SPECS as a whole. 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 top podcast Weiss Advice. 

In this episode, Yonah talks about a bunch of stuff we have to know about Cost Segregation: its definition, benefits, and costs. He talks about how Cost Segregation can bring benefits to your real estate investments and why it can be an advantage for all property types. Yonah also shares his thoughts on networking, providing value, and legacy-building. Listen in!

[00:01 – 05:25] Opening Segment

• I introduce Yonah to the show
• Yonah’s background
• How he started in cost segregation
• His passion for learning
• Getting into real estate

[05:26 – 20:52] Breaking Down Cost Segregation

• Talking cost segregation
• Its definition and benefits
• The concept of depreciation
• Yonah talks about depreciation deduction
• Passive loss limitations
• Why a lot of CPAs don’t know about cost segregation
• Cost segregation is a specialized area
• Knowledge of real estate taxation is beneficial

[20:53 – 31:16] Cost Segregation: How Much Does It Cost?

• The cost of cost segregation
• It’s not as expensive as you think
• Cost vs. benefit
• Why small-type properties can also benefit from it
• Single-family properties
• Can you do it by yourself?
• The IRS’ strict rules
• How you can find cost segregation study firms
• Make sure they have audit protection
• Do your research

[31:17 – 38:22] Making an Impact Through Real Estate and Networking

• Yonah’s passion for providing value
• The impact of his teaching background
• Abundance mindset
• Community building in real estate
• Networking
• Providing value and helping people
• What’s next for Yonah
• The legacy he wants to leave on the world

[38:23 – 39:54] Closing Segment

• How you can connect with Yonah
• Final thoughts

Tweetable Quotes:

“Every real estate property is an investment. It's not just an investment, but it's a business in itself.” - Yonah Weiss

“It's about reputation, it's about having a good name, but it's also about creating value for others. How can you help other people bring people together and connect people? That's a big part of it as well.” - Yonah Weiss

Resources Mentioned:

• Yonah Weiss’ website
• Nightly Productions

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Socials and Links

Connect with Yonah on LinkedIn and Instagram!

Check out Yonah’s website!

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