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The Academy Presents podcast


Dec 23, 2022

Isaac Weinberger is the Regional Sales Manager at Madison SPECS. He is an expert on wealth building and cost segregation. As a kid, he always had an entrepreneurial personality which led him to open up a massive lawn-mowing operation. From there, he moved and eventually moved on to manage Marcy’s, a high-end clothing retailer. Many of his friends advised him to enter the real estate space which led him to Madison SPECS. His experience has allowed him the opportunity to meet many amazing people in the real estate space.

 

In this episode, Isaac discusses the ins and outs of cost segregation, from the concept of recapture tax liability to the benefits of accelerated depreciation. He explains how it works, why investing in real estate is a great way to get your piece of the pie, and how to use cost segregation to save money. He explains bonus depreciation and how it can be used to reduce taxes on investments. To learn more about Isaac and his work, listeners can visit Madison SPECS!

 

[00:01 - 02:39] The In’s And Out’s Of Cost Segregation

  • Isaac discusses how cost segregation is an important tool for any real estate person, as it can change the dynamic of many deals    

 

[02:40 - 25:03] Unlocking The Benefits Of Cost Segregation

  • Statistical sampling is a legal way to get a write-off of up to $100, 000
  • The sample size needs to be large enough for it to be an accurate representation
  • Statistical sampling cannot be done on multi-family properties
  • Properties purchased prior to 2018 are not eligible for bonus depreciation
  • Cost segregation can be done on any type of asset, including mobile home communities, RV parks, and self-storage facilities
  • Anything besides land is eligible for front-loaded depreciation

 

[25:04 - 32:47] Closing Segment

  • Isaac points out that cost segregation is a great tool to save taxes on residential or commercial projects that can get more money back
  • To learn more about Isaac and his work, listeners can visit Madison SPECS!

 

Tweetable Quotes:

“I'm very passionate about cost segregation. It's a very important tool in the toolbox for any single real estate person. It's not just a side benefit, it really changes the dynamic in many deals.” – Isaac Weinberger

 

“There are so many words these days, it's all about the actions. Let's see how you got it done.” – Isaac Weinberger

 

You can connect with Isaac through his:

Website: Madison SPECS

LinkedIn: Isaac Weinberger 

 

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.