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Reducing Tax Liabilities with Cost Segregation
Manage episode 418082520 series 3552130
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Episode 16 with Isaac Weinberger
“You're sitting on a gold mine. Learn a little more. Be open to learning. Stay humble, be open to learning, and you can save yourself a lot of money. I'm not selling you vacuum cleaners that fly. I'm selling you an item that has a tremendous value to it.”
Join Glenn as he interviews Isaac Weinberger, a visionary in the world of real estate finance and taxation. Isaac has always had an entrepreneurial spirit and found his success as a Cost Segregation Expert Advisor. He is regional manager of Madison SPECS, a Cost Segregation firm, and has helped clients offset more than $200,000,000 in tax liabilities.
Glenn and Isaac discuss:
· His entrepreneurial adventures, including carnivals, lawn mowing and giving haircuts
· His discovery of the cost segregation and financial education
· The difference between cost segregation and regular depreciation
· How limited partners can benefit from cost segregation
· Differences in passive versus active investments
· Mobile home parks as the best asset class for bonus depreciation
· Recent taxation laws and how they affect cost segregation
Episode Links:
LinkedIn: https://www.linkedin.com/in/isaac-weinberger-b0b749225/
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THE MILLIONAIRE JOURNEY
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