In this episode, the host Amanda welcomes Yonah Weiss, a renowned expert in cost segregation and a business director at Madison Spex. The discussion revolves around the benefits and mechanics of depreciation and cost segregation in real estate, highlighting the tax-saving opportunities available to property investors. Yonah shares insights into his real estate investments, his approach to vetting deals, and the importance of trust in partnerships. The conversation also touches on Yonah's personal background, including his early financial experiences, his views on money management, and his transition from being a teacher to a real estate expert. Yonah emphasizes the importance of education and mentorship for those new to real estate investing.
00:00 Introduction to Depreciation Benefits
00:25 Meet Yona Weiss: The Cost Seg King
01:42 Yona's Real Estate Journey
05:47 Early Financial Lessons and Challenges
10:54 First Steps in Real Estate Investing
13:58 Becoming a Cost Segregation Expert
17:11 Understanding Cost Segregation
21:48 Depreciation and Cost Segregation in Practice
31:01 Advice for Aspiring Real Estate Investors
32:05 Conclusion and Final Thoughts
