Multifamily Missteps Hosted by Christy Keeton
Are you tired of the "rainbows and butterflies" approach in multifamily investing, where everything unfolds seamlessly, and everybody wins? You never see “behind the scenes” reality.
If you resonate with our perspective, acknowledging that true insights emerge from navigating mistakes and challenges, then you're in the right place.
Join Christy Keeton, your host, as she dives into the missteps and lessons learned encountered by active apartment operators.
In these episodes, we embark on a journey to dissect and analyze the pitfalls within the multifamily project life cycle, focusing on the crucial stages of Finding, Funding, Fixing, or Flipping a project.
Instead of glossing over setbacks, we shine a spotlight on them, providing a valuable learning experience for our audience. Each episode concludes not only by revealing how the issue at hand was rectified but also by sharing other priceless lessons derived from the experience.
It's an unfiltered exploration of the multifamily investment landscape, revealing the intricate tapestry of challenges and solutions that make the journey worthwhile.
Multifamily Missteps Hosted by Christy Keeton
Paying too Much In Taxes - Yonah Weiss
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 Segment
- Yonah talks about his background
- Education and teach then moved into real estate
- Began with Madison working with cost-segregation
[03:43 – 09:39] Yonah’s Missteps Story
- Yonah breaks down cost segregation and how it affects people differently
- Yonah’s story of working with a top real estate broker who paid too much in taxes
- Ignorant to the tools that can save you millions in taxes
- Did not amend previous tax returns
[09:40 - 14:49] Yonah’s Methods
- The downsides to a cost seg study and ways around them
- The 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 Segment
- The 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 questions
- Final words
Resources Mentioned:
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 Weiss
Connect 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!
Are 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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