#32 - Tax Savvy Investing: The Power of Cost Segregation with Yonah Weiss
Passive Income PilotsAugust 15, 2023x
32
1:00:1541.45 MB

#32 - Tax Savvy Investing: The Power of Cost Segregation with Yonah Weiss

On this episode of Passive Income Pilots, Tait and Ryan interview Yonah Weiss, the #CostSegKing. Yonah is a renowned cost segregation expert, real estate investor, and host of the Weiss Advice podcast. With a background in teaching, Yonah educates property owners on saving millions in taxes through cost segregation. Featured on over 300 real estate podcasts, he shares insights on tax strategies, debunks misconceptions, and explains the evolution of cost segregation. Yonah discusses the importance of engineering knowledge in cost segregation, its impact on real estate investing, and navigating IRS regulations for real estate professional status. Enjoy the show!


Timestamped Show Notes


(00:00) Intro

(07:54) What is cost segregation and how Yonah Weiss started with it

(11:27) Brief history of cost segregation in real estate

(13:31) Understanding straight-line depreciation and tax deductions

(16:10) Applying cost segregation for a single-family home

(19:00) Yonah Weiss's background and journey to becoming a cost segregation expert

(23:38) Cost segregation for personal rental properties

(27:12) Understanding non-bonus depreciation

(29:09) Insights on bonus depreciation benefits

(32:34) When it is not beneficial to conduct a cost segregation study

(34:41) Qualifying for real estate professional status

(38:24) Exceptions to the rule and leveraging loopholes

(42:20) Deciding when to pursue a cost segregation study

(43:54) Identifying properties eligible for a cost segregation study

(46:19) Cost segregation on new purchases vs. adding capital improvements

(49:43) Applying cost segregation to ground-up developments

(50:36) Navigating a lower leverage environment

(54:26) Appetite for depreciation among investors

(56:07) One standout insight from Yonah Weiss

(59:01) Where to find Yonah Weiss

(1:00:02) Outro


Resources Mentioned


Podcast: Weiss Advice


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Legal Disclaimer


The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

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