068: Cost Segregation Tax Hack with Yonah Weiss

<p>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 new podcast Weiss Advice.</p> <p>Here are the&nbsp;questions&nbsp;for the&nbsp;podcast:</p> <p>•&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What's your role in the business?<br> •&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;How did you get into cost segregation space?<br> •&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;What is cost segregation? Can you give an example with numbers?<br> •&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;How does bonus depreciation work especially after Tax Cuts Jos Act?<br> •&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;I am a passive investor and have invested $100K in an multi-family syndication? Would cost segregation loss flow to me? Can I apply the loss to my active income?<br> •&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;What if I don't have enough passive income to write off the passive loss? How long can I carry forward the loss? What happens when the property is sold?<br> •&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;When is paying for cost segregation justified? Can I do it on single family house, duplex, fourplex etc? I have a 10 unit property acquired for $500K, would it be worth to go through cost seg?<br> •&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;When should someone involve a cost segregation company? During due diligence&nbsp;or after close and why?<br> •&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Do you personally invest in real estate and what kind of real estate? Where do you see market is headed in the next&nbsp;2-3 years?</p>