Tax Expert Yonah Weiss joins the Passive Cash Flow Podcast to explain how real estate investors take full advantage of the tax code by taking more tax write-offs now instead of later. The tool is called a cost segregation study and it allows landlords to accelerate the amount of tax depreciation they can take from a building at one time. The IRS encourages this! As a landlord, you can take a ton of tax write-offs now instead of waiting 20 or 30 years to take that tax depreciation as most landlords do. But this does not make sense for any size building, listen to the episode to see if this tool makes sense for your investment strategy.
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 tens 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.
01:57 How to Take Tax Write Offs Now Instead of Later
05:33 Passive write-offs
08:42 Cost segregation study
12:04 Does it make sense to flip apartment buildings and still do a CSS
15:49 Contact Yonah Weiss
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