Today’s guest is a man who hardly needs an introduction if you’ve spent time in the multifamily space. I have with me, Yonah Weiss, business director for Madison Specs, and the host of the Weiss Advice Podcast. Yonah is an expert in saving millions in taxes for property owners using his method of Cost Segregation. Tune in a learn how Yonah helped a client save millions in taxes after first watching him pay too much. Things you will learn in this episode:[00:01 – 3:42] Opening SegmentYonah talks about his backgroundEducation and teach then moved into real estateBegan with Madison working with cost-segregation [03:43 – 09:39] Yonah’s Missteps StoryYonah breaks down cost segregation and how it affects people differentlyYonah’s story of working with a top real estate broker who paid too much in taxesIgnorant to the tools that can save you millions in taxes Did not amend previous tax returns [09:40 - 14:49] Yonah’s MethodsThe downsides to a cost seg study and ways around themThe power and importance of using cost seg study correctly Do your due diligence when hiring a company to do your study[14:50 – 20:29] Closing SegmentThe questions you need to ask when looking to hire a cost seg company What happens when you have audit protection Yonah’s words of wisdom - always ask questionsFinal words Resources Mentioned:Weiss Advice PodcastMadison Specs Tweetable Quotes:“All taxpayers are not equal. If you’re a real estate professional, you actually have the highest benefit of any certain type of taxpayer that’s out there. ” – Yonah Weiss“Foundation is everything, if you don’t have a good foundation then the whole building will fall down.” - Yonah WeissConnect with Yonah on LinkedIn. Visit https://www.yonahweiss.com/ to learn more.LEAVE A REVIEW + help someone who wants to learn more from mistakes and missteps by sharing this episode or click here to listen to our previous episodes.If you are interested in getting into multifamily or scaling your current business, hop over to our website myersmethod.com to grab your free four-step guide on how to get the ball rolling!Support the showAre you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.

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