#163: How Cost Segregation Can Wipe Out Your Tax Bill + The Power of Being Classified As A "Real Estate Professional" with Yonah Weiss

In this episode, I sit down with Yonah Weiss, a dedicated teacher and passionate advocate for financial success. Growing up in a family where education was considered a valuable legacy, Yonah discovered his calling to teach at a young age. 
 With over a decade of professional teaching experience, Yonah's commitment to education extends far beyond the classroom. He strives to help people save significant amounts of money on income taxes and make wise investments in real estate. 
 As a recognized expert in the field, Yonah has assisted hundreds of real estate investors in saving tens of millions of dollars in income tax through Cost Segregation with Madison SPECS. His expertise has earned him invitations to be a guest on over 300 top real estate podcasts, where he shares valuable insights and strategies.

Key points from the episode:
 1. Yonah's journey into real estate 00:00 - 3:42
 2. Definition of cost segregation 3:42 - 7:30
 3. Importance of bonus depreciation 7:30 - 12:30
 4. Cost segregation study 12:30 - 18:58
 5. Real Estate Professional Status 18:58 - 25:31
 6. Depreciation loses 25:31 - 27:00
 7.  Cost Segregation Study Process 27:00 - 35:05
 8. Ways to contact Yonah 35:05 - 36:03

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