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

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
• 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.

NEW TO THE SHOW?

• Check out our Millennial Investing Starter Packs.
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• Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

• TurboTax
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• Public
• Bluehost

Connect with Patrick (@jpatrickdonley): Twitter

Connect with Yonah: Twitter | LinkedIn | Website

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