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April 11, 2022

30 | Cost Segregation and Networking Strategies and More with Yonah Weiss

30 | Cost Segregation and Networking Strategies and More with Yonah Weiss

Yonah Weiss 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...


Yonah Weiss 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 top podcast Weiss Advice.

 

Let’s tune in to his story!

 

[00:01 - 08:27] Opening Segment

 

  • Fortune Cribs helps investors buy short-term rentals and select markets across the country for as little as 10% down with no cash on cash returns in the 20-30% range. They will design furnish and manage all your day-to-day operations, making your experience truly hands-off. If you want to take the next step in growing your real estate investing business, go to FortuneCribs.com and book your free consultation now!
  • Let’s welcome our powerhouse guest, Yonah Weiss
  • Yonah tells the story of the time he wanted more than his teaching career 
  • Yonah’s story with Madison SPECS

 

[08:28 - 19:54] Cost Segregation and Cost Segregation Strategies

 

  • Addressing the cost segregation knowledge gap
  • The relationship between cost segregation, tax, and depreciation
  • How to Maximize Your Cost Segregation Benefits
  • Cost Segregation Study with Yonah
  • How Cost Segregation Optimizes Your Investments

 

[19:55 - 26:55] Depreciation Recapture

 

  • Yonah explains Depreciation Recapture
  • Depreciation Recapture Strategies
  • The Future of Depreciation

 

[26:56 - 33:20] The Legacy Round

 

  • Yonah shares his networking expertise
    • Social Media for a Reason
    • Building a brand
    • Check out the Weiss Advice podcast
  • Want to know the best-kept secret when it comes to investing in single or multifamily flips? Hire an interior designer. Elevate your design, reconfigure your floor plans and develop functional spaces all to maximize your ROI. Melanie Rene Designs has over 12 years of experience designing in the San Diego real estate market and is ready to help you increase your profits on flips buying, wholesale short-term rentals retail, and more!  Just reach out to Melanie at melanierene@gmail.com.

 

[33:21 - 37:51] Slice of Knowledge

 

  • Yonah’s Last Words
    • “Live your life to its fullest by giving to others.”
  • One Slice of Wisdom
    • “Leverage your network,”
  • Real Estate Multifamily Vocabulary
    • Cost segregation
    • Internal Rate of Return
    • Markets
  • Books and Masterminds to Try

 

Connect with Yonah through his website and Linkedin.



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Resources Mentioned

 

Tweetable Quotes

 

“Cost segregation is a tax strategy that helps real estate investors or owners pay less income tax.” - Yonah Weiss

 

“Any type of property can benefit from cost segregation.” - Yonah Weiss

 

“Networking is not about trying to do business, necessarily. It's not about trying to sell your product or your service. It's about meeting people and making those connections and developing those relationships over time.” - Yonah Weiss

 

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