#INVESTTHIS EP 79: Using Cost Segregation for Massive Tax Savings

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Cost segregation reclassifies assets to maximize personal property and optimize depreciation deductions. This results in substantial cash flow benefits and astonishing tax savings.

As you can probably guess, learning how to utilize cost segregation can be challenging. But no more! I’ve brought on today’s show the man with all the answers!

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, a passion for real estate, and helping others.

I’m psyched about this show because I just started utilizing cost segregation myself, and have enjoyed the tax benefits. Above all, I am eager to share this knowledge with you, my listeners. It’s kind of like plucking money out of thin air. What’s better than that? During today’s episode, Jonah explains exactly was cost segregation is, how to use it, and what kind of investment properties benefit. Yonah also provides insights into bonus depreciation law and what may happen in 2020 with a new administration. The best part of this podcast is the real-world examples of how you can save on your taxes and have more cash flow.

 

Tip of the Day:

 

More Useful Information on Taxes

#INVESTTHIS Episode 21: Exclusive Tax Advice from Enrolled Agent, Scott Garner

Start In Wholesaling:

Want to start in wholesaling? I got my first deal going using Real Estate World Wide. TRY IT YOURSELF!

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About the author, Scott

Scott is an energetic and health conscious Real Estate Entrepreneur. A transplant from the state of Iowa, he has excelled in business from his very first venture. Entrepreneurship has come naturally for Scott, as he started his first company at the age of 17. He studied at the University of Iowa with degrees in Business Communication and Entrepreneurial Management, also studying Health Promotion with an emphasis in Nutrition before moving to Arizona to dominate in his Real Estate career.

Starting off in residential retail Real Estate sales with Keller Williams Realty and closing $2.2M in volume his first 12 months, he quickly realized being a realtor was not for him. Since then, he has moved into the investment space flipping over 150 residential transactions and building a portfolio of rental properties with over $20,000,000 in closed volume to date. He is also the host of the #INVESTTHIS Podcast, interviewing only the elite of Real Estate Investors for his listeners. Now with his knowledge and experience, he is moving into larger investment opportunities in multi-family and commercial Real Estate, focusing on building strong relationships with his investors, providing solid returns, and building wealth for his family.

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