The Infinite Wealth Podcast Deduct Your Down Payment on a Rental Property : Cost Segregation with Yonah Weiss
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Jul 23, 2024 Yonah Weiss, the 'Cost Segregation King,' shares insights on cost segregation in real estate investing, explaining its benefits, tax implications, and potential downsides. The podcast explores maximizing tax benefits, navigating limitations on passive losses, and finding additional real estate investing advice.
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Yonah's Career Shift
- Yonah Weiss transitioned from a 15-year teaching career to real estate due to financial hardship.
- He learned commercial real estate through cold calling and underwriting, eventually specializing in cost segregation.
Cost Segregation Explained
- Cost segregation is an advanced depreciation strategy that accelerates tax deductions for property owners.
- It categorizes property components into different depreciation schedules, maximizing write-offs early on.
Deducting Down Payment
- Cost segregation can potentially allow investors to deduct the equivalent of their down payment in the first year.
- This benefit is not guaranteed and varies depending on the property type and purchase price.