Internal Rate of Return Podcast
In the Internal Rate of Return Podcast, Amanda Alexander interviews successful investors to uncover how they get started, the resources and insights they leveraged to propel them forward, and how they keep sustainable investments that enable their "return to self" where they ultimately get to design the lifestyle of their dreams or even pursue passion projects that only abundance can afford. Get inspired and learn from their experiences as they impart invaluable wisdom that may help you along your journey!
Internal Rate of Return Podcast
Ep 18. Exploring Depreciation and Cost Segregation with Yonah Weiss
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