Saving Millions in Real Estate Using Cost Segregation with Yonah Weiss, Ep 7
09/01/22 • 38 min
In this episode, I have a chat with the “Cost Seg King” Yonah Weiss, Business Director for Madison SPECS and multifamily investor.
Yonah discusses Cost Segregation as a tool that helps owners save millions of dollars on taxes by creating “paper losses”. 💵
He also shares some of the secrets to, and benefits of, becoming a LinkedIn influencer. This episode is packed with pearls of wisdom for passive and active investors! 🦪
Key Points From This Episode
🗝️ What is Cost Segregation?
🗝️ What is Bonus Depreciation?
🗝️ How tax savings benefit passive investors
🗝️ The risks of Depreciation Recapture
🗝️ About Yonah's success as a LinkedIn influencer
🗝️ Adding value through social media
Notable Quotes
"The majority of people I talk to have never heard of cost segregation" - [Yonah Weiss]
"Probably the greatest advantage when it comes to tax strategy is deferrals" - [Yonah Weiss]
"Being an influencer is about highlighting other people" - [Yonah Weiss]
"The best type of post in my opinion are ones that ask questions" - [Yonah Weiss]
"I'm not seeing any slowing down; I see people every single day buying real estate" - [Yonah Weiss]
"You can find deals and you can make money in any environment...recession included" - [Tim Little]
Connect with Yonah Weiss
- Yonah on LinkedIn [37:21]
- Yonah’s Podcast [01:07]
- Yonah’s Website: www.yonahweiss.com [37:43]
👉 Connect with Tim
- Linkedin: Tim Little
- Instagram: @tim_at_zana
- Email: [email protected]
- Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
- Get your Passive Investor's Cheat Sheet FREE
Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497
In this episode, I have a chat with the “Cost Seg King” Yonah Weiss, Business Director for Madison SPECS and multifamily investor.
Yonah discusses Cost Segregation as a tool that helps owners save millions of dollars on taxes by creating “paper losses”. 💵
He also shares some of the secrets to, and benefits of, becoming a LinkedIn influencer. This episode is packed with pearls of wisdom for passive and active investors! 🦪
Key Points From This Episode
🗝️ What is Cost Segregation?
🗝️ What is Bonus Depreciation?
🗝️ How tax savings benefit passive investors
🗝️ The risks of Depreciation Recapture
🗝️ About Yonah's success as a LinkedIn influencer
🗝️ Adding value through social media
Notable Quotes
"The majority of people I talk to have never heard of cost segregation" - [Yonah Weiss]
"Probably the greatest advantage when it comes to tax strategy is deferrals" - [Yonah Weiss]
"Being an influencer is about highlighting other people" - [Yonah Weiss]
"The best type of post in my opinion are ones that ask questions" - [Yonah Weiss]
"I'm not seeing any slowing down; I see people every single day buying real estate" - [Yonah Weiss]
"You can find deals and you can make money in any environment...recession included" - [Tim Little]
Connect with Yonah Weiss
- Yonah on LinkedIn [37:21]
- Yonah’s Podcast [01:07]
- Yonah’s Website: www.yonahweiss.com [37:43]
👉 Connect with Tim
- Linkedin: Tim Little
- Instagram: @tim_at_zana
- Email: [email protected]
- Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
- Get your Passive Investor's Cheat Sheet FREE
Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497
Previous Episode
Direct-to-Seller Tactics and Creative Financing with Ryan Corcoran, Ep 6
Our guest on this episode is Ryan Corcoran, the Founder, and CEO of Specialized Property Group (SPG), a real estate investment company that focuses on multifamily investment properties.
As a physician's assistant in his W-2, he combined his passion for helping people with the ability to positively impact communities. Now the owner of over 157 units throughout Massachusetts, New Hampshire, and Rhode Island, Ryan no longer relies on his w2 income to maintain his lifestyle; he is now a full-time real estate investor.
In this episode, Ryan explains his approach to multifamily real estate, with an emphasis on methods for sourcing real estate deals and implementing creative financing as a pivotal tool in real estate investment funding.
Just a Few of the Key Highlights
🗝️ Multifamily real estate as a starting point; using less personal funds to scale his business
🗝️ Sourcing real estate deals; direct mail consistency and targeting middle ground properties
🗝️ Creative Financing in real estate; raising funds as a beginner with family and friends
🗝️ The myth about multifamily he would like to set straight
🗝️ Ryan's definition of success
Notable Quotes
- "That's why I love direct mail; it creates a longer impression than just random cold call or just a lead from an agent" [Ryan Corcoran]
- "No matter what you do, you're going to get discouraged at first but you've got to keep it rolling" [Ryan Corcoran]
- "Creative Financing is probably the second most important thing any investor needs to learn how to do; the first one being 'find the deal" [Ryan Corcoran]
- "You need money to invest in real estate; the biggest thing I want people to understand is that it doesn't have to be 100% of your own money" [Ryan Corcoran]
Connect with Ryan Corcoran
• Ryan on YouTube (https://m.youtube.com/channel/UCfiMBodAHt4-UFHHYeF3EKw)
• Ryan on Instagram (https://www.instagram.com/rjcorcoran08/?hl=en)
• Ryan on TikTok (https://www.tiktok.com/@rjcorcoran08)
• Ryan on Facebook (https://m.facebook.com/ryan.corcoran.180)
👉 Connect with Tim
- Linkedin: Tim Little
- Instagram: @tim_at_zana
- Email: [email protected]
- Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
- Get your Passive Investor's Cheat Sheet FREE
Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497
Next Episode
The State of Multifamily Lending with Russell Nova, Ep 8
In this episode of the Journey to Multifamily Millions Podcast, we let you be in the passenger seat for an insightful conversation with our guest as he shares stories from his years of experience in commercial real estate lending.
I interview Russell Nova, a Principal at Cornerstone Capital Group and MTN Investment Group, who shares insight on crucial aspects that are key to success in the multifamily market and lays out some strategies for gaining access to funding.
The discussion covers how different financing options can reduce risk and increase returns. Also discussed are some common mistakes made by investors that could have been prevented by utilizing better financing & rate caps, how they affect your investment strategy, and the importance of designating an investment goal and having an exit plan.
Key Points From This Episode
🗝️ The competitive advantage of Cornerstone Capital as a debt and equity provider
🗝️ Why investors must identify their investment goals
🗝️ The importance of rate caps in today's environment
🗝️ The red flag every investor should look out for when choosing a market
🗝️ How multifamily is not a get-rich-quick game, it's a get wealthy over time strategy
Notable Quotes
"The Real work doesn't start until you close" - [Russell Nova]
"No matter what, our main objective is to ensure that every sponsor gets to the closing table" - [Russell Nova]
"If you ask me or any other investor or any other operator, a 35% return in 18 months is healthy on its own" - [Russell Nova]
"What a rate cap does is it's a yield bond that protects you against any kinds of increases in the rate" - [Russell Nova]
"Debt is not to be feared, debt is to be understood" - [Russell Nova]
"The problem with tertiary markets is that you don't necessarily know if they're going to grow" - [Tim Little]
"Once you get into it, you'll realize that it's not about the 'now', it's about later... you're building for the future" - [Russell Nova]
Resources
Watch on YouTube
- https://youtu.be/vExp5GUryhU
Connect with Russell Nova
- Russell’s Email: [email protected]
- Russell’s Website: www.csg-ny.com
- Operation’s Website: www.mtninvestmentgroup.com
- Russell’s Phone No: 917-5591-820
👉 Connect with Tim
- Linkedin: Tim Little
- Instagram: @tim_at_zana
- Email: [email protected]
- Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
- Get your Passive Investor's Cheat Sheet FREE
Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497
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