Show notes
GUEST BIOThe King of Cost Segregation is here to help us all save on income taxes, something we can never truly escape. Yonah is an active Podcaster, a RE-Investor, and most importantly, he knows how to connect people and help them help one another.Yonah shares some of the details on how he simplifies the process of taxes so that you — along with your accountant can apply the cost segregation study on your existing assets.If you’ve had assets for some time and haven’t done so already it isn’t too late, tune into the episode to see the significant tax deductions you can receive from applying a cost segregation study to your portfolio. This includes maximizing annual depreciation, reducing upfront income tax costs, lowering cost of capital, improving cash flow, and having the ability to write-off individual assets in the future.HIGHLIGHTS OF THE EPISODE02:05 - Background about the guest - Yonah Weiss05:42 - Start of a new venture10:31 - Cost SegregationKEEPING IT REAL14:44 - How to deal with Cost Segregation17:23 - Tax Deduction19:47 - Formula for Cost Segregation21:48 - Who can benefit Cost Segregation24:13 - 4 Categories when talking Cost Segregation29:05 - Grow your Portfolio using Cost Segregation31:17 - Biggest MisconceptionRAPID FIRE QUESTIONS33:31 - Favorite Book - Unlocking Greatness Book by Charlie Harary34:31 - Best Habit - Prayer35:08 - Best Tool - LinkedIn38:40 - One 300 unit apartment vs 3 apartments of a 100 units - one 300 unit buildingBOOKS MENTIONED IN THIS SHOWUnlocking Greatness Book by Charlie HararyNOTABLE QUOTES (KEY LESSONS):“Every time you teach the subject, new questions and different questions from different people and that really sharpens the saw even more” CONNECTING WITH THE GUESTLinkedIn | Instagram | Facebookwww.yonahweiss.comwww.madissonspecs.com#ExperimentCostSegregation
