The Infinite Wealth Podcast
Deduct Your Down Payment on a Rental Property : Cost Segregation with Yonah Weiss
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.
34:00
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Quick takeaways
- Cost segregation allows front-loading depreciation, potentially deducting down payment equivalent.
- Seek mentorship and educate extensively to navigate real estate complexities effectively.
Deep dives
Understanding Cost Segregation and Tax Deductions in Real Estate Investing
Cost segregation is a tax-saving strategy that allows property owners to accelerate depreciation deductions using an advanced form of depreciation for business or investment properties. By segregating property components into different categories with varying depreciation schedules, owners can front-load deductions, potentially deducting the equivalent of their down payment. This tax strategy can be profound, with up to 25% of the property value accelerated for depreciation in the early years of ownership.
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