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All Forum Posts by: Yonah Weiss

Yonah Weiss has started 65 posts and replied 1373 times.

Post: Rec on who to get for Cost Segregation Studies for STR?

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521

Sorry to hear about that @Nathan Gesner

Thank you for the kind words @Owen Dashner & @Andrew Simms!

Post: Rec on who to get for Cost Segregation Studies for STR?

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521
Quote from @Nathan Gesner:
Quote from @Anna Greta Taylor:

I am a new STR investor and am looking to get cost segregation studies on the 2 STRs I purchased in 2022, with the hope of using them for bonus depreciation against my W-2 income. Any recommendations on who to go with? Purchase prices were $1.2M and $715k.


DO NOT use Elite Tax Consulting! I used them last year. Things started well and they got me a $45,000 tax refund. However, their communication was awful. 


 First I've heard of them Nathan. Looks like they're based in India.

Post: Cost Segregation - What type of Property is best?

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521

Thanks for the tag @Natalie Kolodij

@Frank Rubino There are way too many factors, and you can't really generalize between SFR and MF when it comes to cost seg. Usually the amount of land improvements which are on a 15-year schedule play a big factor.

The examples you gave, roof, heating systems, water heaters, are generally considered 'structural' 27.5 year property and wont help towards your accelerated depreciation at all.

Post: Cost Seg Recommendations

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521

Thanks for the mention @Natalie Kolodij! @Greg Cook happy to discuss via DM

Post: Are you interested in speaking or volunteering at BPCON2023?

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521

@Alexandra Hughes Pailet I know I missed this year, but would love to join next year!

Post: Positive or Negative Cost Segregation Experiences?!

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521

@Jason Sung she works FOR them, not with them.

Post: Affordable Cost Segregation??

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521

Thanks for the mention @Michael Plaks

@Katherine Wiltse, unfortunately the market rate for apartments/retail is somewhere starting at $5k currently.

Post: Positive or Negative Cost Segregation Experiences?!

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521
Quote from @Taylor L.:

We've used Madison SPECS in the past and have had a good experience

Edit: should tag the man himself, @Yonah Weiss


 Thanks buddy! 

Post: Need referral for Cost Segregation in Sonoma County, CA

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521
Quote from @Chris McCormack:

@Stephanie Johnson cost segs can be done from anywhere so location shouldn't matter much. @Yonah Weiss is a great friend who works with excellence. You won't be let down!


 Thanks so much for the mention. Happy to help.

Post: STR Panama City Beach FL

Yonah Weiss
Tax & Financial Services
Pro Member
Posted
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
  • Posts 1,416
  • Votes 1,521

Awesome deal! Thanks for sharing the breakdown!