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INVESTTHIS - Scott Bower 5th September 2019
INVESTTHIS EP 79: Using Cost Segregation for Massive Tax Savings
00:00:00 00:44:15

INVESTTHIS EP 79: Using Cost Segregation for Massive Tax Savings

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:

If you're buying multiple properties, CS an incredible tool to increase your cash flow. -Yonah Weiss

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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!