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How do real estate investors with active and passive income save significant tax dollars, legally? Learn about general depreciation, bonus depreciation, and cost segregation.
In this episode, Wayne talks to Yonah Weiss, business director for Madison SPECS. Yonah has helped hundreds of real estate investors save tons of income tax money through cost segregation services.
Topics on Today’s Episode:
- Teacher Skillset: Trial-and-error role of non-stop networking to make cost seg less boring
- Real Estate vs. Tax World: Depreciation makes real estate a tax-advantaged investment
- What is cost segregation? Engineering method of study that involves taxation
- What is depreciation? Non-paper loss or deduction that reduces income tax liability
- Who can utilize depreciation? Any type of investment property—no matter size or shape
- Depreciation: Starts the day that you purchase the property, not intrinsic to wear and tear
- 100% Bonus Depreciation: Reallocate other property aspects, not structural pieces
- Icing on the Cake: Complicated cost segregation required for bonus depreciation
- Catchup with Depreciation Recapture: When investors sell property, avoid or defer tax
- Active and Passive Real Estate Investment/Cost Segregation Benefits:
- Maximize annual depreciation
- Reduce upfront income tax costs
- Lower capital costs
- Good, Bad, Ugly Aspects: Diversify investments, but don’t jump in without experience
Links and Resources:
Yonah Weiss
Yonah Weiss on LinkedIn
Madison SPECS
Weiss Advice Podcast
IRS – Real Estate Professional Rules
Wayne Courreges
Free Passive Investor eBook by Wayne Courreges
The Untold Stories of Real Estate Investing Podcast
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