Description

Isaac Weinberger is the Regional Sales Manager at Madison SPECS. He is an expert on wealth building and cost segregation. As a kid, he always had an entrepreneurial personality which led him to open up a massive lawn-mowing operation. From there, he moved and eventually moved on to manage Marcy’s, a high-end clothing retailer. Many of his friends advised him to enter the real estate space which led him to Madison SPECS. His experience has allowed him the opportunity to meet many amazing people in the real estate space.

In this episode, Isaac discusses his background and expertise in real estate investing, cost segregation, and network building. He shares his story of how he came to this area of expertise, and how cost segregation enables him to connect with many different types of real estate investors. He discusses the importance of having a passion for real estate and being able to connect with other people in this industry in order to maximize your potential for success. To learn more about Isaac, listeners can visit his website at Madison SPECS!

[00:01 - 02:20] Opening Segment

• Isaac talks about how cost segregation can be a key part of syndication success, and how his job at Madison SPECS allows him to meet many different people in the real estate space

[02:21 - 23:35] Lower Your Taxes With Cost-Segregation

• Purchasing an investment property enables you to be eligible for basic standard depreciation which dictates that your property will come back to you in tax write-off every year

• Cost segregation is depreciation on steroids, where you can take your depreciation on faster cycles

•  Certain companies offer higher percentages in their tax deductions, but when they do, they run the risk of an audit

• Industrial office buildings and mobile home parks all tend to offer lower percentages than single-family homes or multifamily

• There is a big range in costs for property, with structures, landscaping, and carpet flooring typically costing more than mobile homes and car washes

• Costs can vary depending on the type of asset and can be higher for multi-unit properties  

• How a “Look Back Study” retroactively works to get back your money bonus depreciation

[23:36 - 29:37] Closing Segment

• Isaac emphasizes that cost segregation is a technique real estate investors can use to lower their taxes

• Isaac shares where you can get in contact with him (links below)

Quote/s:

“If we go into a property and we identify 20%, usually a multi-family, sometimes more of your purchase price, that is five- and 15-year property, you can take that all in year one.

And that will produce more cash flow by having bigger tax write-offs. And now that you have more cash, you can reinvest that in other assets.” – Isaac Weinberger

You can connect with Isaac through his:
Website: Madison SPECS

LinkedIn: Isaac Weinberger

WANT TO LEARN MORE?

Connect with me through LinkedIn

Or send me an email at sujata@luxe-cap.com

Visit my website www.luxe-cap.com or my YouTube channel

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