Unlocking the Power of Cost Segregation with Yonah Weiss| Episode 52

🔥On this Real Estate Hustlers Podcast episode with Yonah 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 hundreds 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. What actionable value will you provide to our listeners? Learn about this important tax strategy Key Takeaways: Cost segregation is a tax deduction strategy that allows property owners to accelerate depreciation and take larger deductions upfront. Cost segregation studies must be done by a third-party engineering firm and can be applied to both new and older properties. Recapture tax is a potential downside of cost segregation when selling a property, but the tax rate is lower than regular income tax. Cost segregation can benefit limited partners in syndication deals by allowing them to claim a portion of the depreciation on their K-1 tax document. Real estate professionals and owners of short-term rentals can use cost segregation to offset their W-2 income. Connect with Yonah LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Facebook: https://www.facebook.com/yonah.weiss.1/ Instagram: https://www.instagram.com/yonahweiss/ Twitter: https://twitter.com/YonahWeis Connect with Josh: Facebook:⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/josh.appelman.108/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Facebook group: https://www.facebook.com/groups/realestatehustler Linked in:⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/josh-e-appelman-97767973/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠