In this episode of the BigMikeFund Podcast, Mike welcomes back Yonah Weiss, the powerhouse behind Weiss Advice and a leader at Madison Specs, one of the nation’s top cost segregation firms. With the new permanent 100% bonus depreciation taking effect in 2025, Yonah shares how this tax game-changer impacts real estate investors.
A national cost segregation expert and educator, Yonah has facilitated over 40,000 studies across all 50 states. He breaks down cost segregation mechanics, asset class benefits, and pitfalls to avoid—offering actionable strategies to cut taxes and grow wealth faster. Whether you invest in multifamily, retail, self-storage, or industrial, this episode is packed with insights to help you thrive in today’s CRE market.
HIGHLIGHTS OF THE EPISODE
00:00 – Welcome to the BigMikeFund Podcast
00:23 – Intro: Yonah Weiss & “Weiss Advice”
01:10 – The 10-Day LinkedIn CRE Challenge and community building
02:13 – 100% bonus depreciation made permanent: why it’s a big deal
03:09 – Anticipated market impact and early activity trends
05:04 – Cost segregation basics: 5-year vs. 15-year property categories
08:21 – Multifamily example: $10M property → $2M first-year bonus depreciation
11:06 – How benefits differ across asset classes: industrial, storage, retail
14:41 – Case study: open-air shopping center with heavy land improvements
16:03 – Ground leases: depreciation implications
17:19 – Market outlook and smaller property opportunities
18:44 – Short-term rentals & Airbnbs: overlooked cost seg potential
18:50 – Cost of a cost segregation study: fee ranges and ROI
21:20 – Bulk studies for similar properties in a portfolio
23:20 – Key factors when choosing a cost segregation provider
26:22 – Favorite win story: wiping out a $300K+ tax bill
28:03 – Best advice for CRE owners in 2025 and beyond
29:44 – How to connect with Yonah
If you found this episode substantial and want to dig deeper into real estate, or maybe you want to discover better investment opportunities, be sure to check out www.tempofunding.com.
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CONNECTING WITH THE GUEST
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Full Transcript:
Welcome to the BigMike Fund Podcast. Where you learn about advanced wealth building strategies from real estate investing to creating massive ROI and securing retirement profits. So pour yourself a cup of coffee, grab a notepad, and lean in. Because Big Mike has got the mic. Starting now.
Mike Zlotnik: Welcome to the BigMikeFund Podcast. I’m the Big Mike, Mike Zlotnik, and today it is my pleasure and a privilege to welcome back Yonah Weiss with Weiss Advice. Right? It’s a wonderful way to put it.
Yonah Weiss: It’s great to be back. Happy to, you know, when you have me on the program for the second time, the “Weiss Advice” is twice as nice as I like to say.
Mike Zlotnik: Yes, exactly. There’s a lot of wisdom in what you bring to the table. So great to have you and you’re with Madison Specs. They are one of the leading companies in cross segregation in the United States. So, before we jump right into the business, anything new and exciting in your world?
Yonah Weiss: New and exciting in my world?
Well, you know, right now we’re actually doing this 10 day LinkedIn CRE commercial real Estate challenge, which I do. Basically, three, four times a year where I just like to encourage people in the commercial real estate industry to use the platform more productively. And, I love it. It’s, you know, we usually have over a hundred people that participate each time.
It’s a free kind of program, essentially, it’s just accountability to post every single day for 10 days straight. Then you really learn a lot about, about the platform and how it’s so powerful. I’ve gained so much from it, and that’s really why I started doing this, years ago. And I’ve seen so many incredible things come outta this over the years.
So that’s really the only thing that’s, I would say, you know, new and exciting right now. But, but otherwise, yeah, life’s good.
Mike Zlotnik: Yeah. Thank you for your leadership. it takes a leader to get other people to get involved, get engaged, so thank you for that leadership. All right, so we’ve got the one Beau Big beautiful bill in the United States, 100% bonus depreciation, not only restored by, but made permanent.
So how excited are you about that? That’s straight tailwind to your business day in and day out.
Yonah Weiss: Very exciting. Very exciting indeed. I mean, I remember when the tax cut and Jobs Act back in 2017 passed and first introduced, you know, the 100% bonus depreciation, albeit it was temporary at that point, meaning it had, you know, only to the end of 2022.
Well, at that point, I think. Costing in general got a huge, like supercharge everyone, even people that had no idea what costing was before that, they started to learn about it and realize how powerful a hundred percent bonus was. So yeah, I mean, we saw directly tangible results, you know, the growth of our business over the past.
You know, five, seven years just because of that. And now with the, the new now it becoming permanent going forward from 2025 on, I mean, I can always see great things coming outta this for our business for sure.
Mike Zlotnik: Have people started, calling you a lot more? it’s kind of been expected to happen, but there’s been a lot of suspense.
passing the bill, is not easy and a lot of political. Movements that that took place. And finally, it, it completed. So now it’s a, it’s a law. So you’re seeing live, increase in activities or this is more of, it will happen. There’s a high confidence, but you know, it takes a little bit of time to get people, up and rolling.
Yonah Weiss: A little bit of both, meaning I definitely see more movement right now. There have been a lot of people reaching out, over the past few weeks since this has happened, and even prior to that. I mean, we’ve saw this coming basically when, when Trump took office, he promised. You know, very early on that this was on his agenda and you know, a lot of tax cuts and restoring all the things from the Tax Cuts and Jobs Act that had phased out and making them permanent.
That was something that he ran on and that was something that he promised early on. So we did see it. Obviously it took time, had to go through the house, had to go to the Senate, you know, the whole, whole process. But, you know, conversations that I’ve been having for the past six months have been. You know, we are looking at this.
We don’t know if it’s going to be retroactive. We don’t know if it’s just gonna be going forward. Finally, we have the law in writing, and it’s only going forward, meaning what was in 2023 and 2024. Which were, you know, 60 and 80% bonus depreciation, relatively, that’s staying a as it was. And then, you know, the 2025 is now going forward.
Bonus depreciation, it’s gonna be a hundred percent. So yeah, I definitely saw, seeing more activity right now. But because what cost segregation is, it’s something that applies very much when you’re ha when you have new acquisitions, right? So buying a new property, that’s really when the time to think about getting a cost like done is so.
It’s still a slower market, right, Mike? I mean, the interest rates are, are still relatively high. I mean, not, not super high, not as high as it was, you know, 30 years ago. But it’s, it’s difficult for some people to, to find deals that still pencil. So we’re not seeing a huge influx, I would say, but definitely seeing some growth.
Mike Zlotnik: Yeah. I appreciate, the wisdom. today I was actually, Running query on one of the Ai AI tools and just asking, for the wisdom of, of AI how these commercial real estate markets recoveries functioned. and it it, it gave me some, some thoughts that these recovery cycles usually are slower until the interest rates are meaningfully lower.
Mm-hmm. So we, we, we getting a little bit of tailwind, but not no big momentum yet. So it’s just gonna be, it was
Yonah Weiss: just a, I think a drop today in, in the rates very slightly. So that’s always a good sign
Mike Zlotnik: in, in the Fed funds rate. Maybe you’re ahead of me. I, I didn’t even, I didn’t wanna pay attention. the, the, the, I think the market move, maybe 10 year treasury, sorry.
the, yeah. 10 year treasury yield could have come down, which is just as important as the Fed. in some ways even more important that we see, the longer end of the yield curve. come down because the, the shorter end is expected to happen, whether it’s, you know, Powell doing it at a slow pace or the next vet chair, right?
It’s gonna happen.
Yonah Weiss: We’re, we’re waiting patiently, but that shouldn’t be a re the only reason, you know, why, why someone invested deals. I know you have, a lot to do with, with funding and, and finding secondary sources of, of funding and things like that. So I’m sure people are still making deals happen, right?
Mike Zlotnik: Well, I’ll tell you this. So we, we, we definitely have a, a lot of people on a waiting list who want heavy depreciation deals, in 25. Right? Interesting. So at this point, it’s pretty clear and pretty obvious that, we’d love to put a great cost sec on top of a great deal, but you gotta find the great deal.
So it’s, It’s a little bit of finding the deal, then do a cost, then figure out how to get me, more tax benefits. But it’s, I’ll just make this one quick comment and we’ll move forward. The 40% versus a hundred percent, it’s two and a half x. It’s such a big difference that it, it should be motivating enough for, for folks to act
Yonah Weiss: Yeah, absolutely.
Mike Zlotnik: When they wear the sidelines. Yeah. It just, it’s, it’s a clear, so let’s go back to the basics. What parts, just just for a second on a Quest sec. when you’re on a study, I just wanna just step back for a little bit. five year schedule, seven year schedule, 10, 15, what falls there? And typically how much on a multifamily project if a property is bought for, I don’t know, $10 million for sake of simplicity, typically on a cost set when you run it, how much.
Can you bonus depreciate in one year?
Yonah Weiss: So cost, eg. We always, we have to break down the property into its different categories, right? So different buckets, essentially different components of the property you’re gonna depreciate on a different schedule. So what goes in the five year bucket? What goes in the 15 year?
you mentioned seven 10. These are other numbers as well. Don’t really apply to multifamily, so we’ll leave those aside for. For a sec, we’ll come back to, to talk about where they do apply, but you always have to subtract a small amount for land. So let’s say maybe 20%. So we’re left with, you know, 2 million going to land and your $10 million purchase, you’re left with 8 million you can out appreciate.
So the majority of the property is always going to be, the majority of the value is gonna be in the structure. The structure, whether it be the roof, foundation, walls, doors, windows, infrastructure, all that is gonna be on that 27 and a half year. That longer depreciation schedule, what we’re gonna put on a five year and 15 year schedule, five year would be anything that is inside the property that’s non.
A structural or non integral to the structure. That can be stuff like carpeting, flooring, shelving, cabinets, countertops, appliances, furniture fixtures, window treatments, millwork, you know, anything like that. And, and many more things as well. All that’s gonna go in the five year. Typically multifamily, we’re, we’re gonna see around 20 to 25% of that, of our 8 million of our tax basis is gonna go into that five year category.
You also have 15 year property, which is land improvements. Now, this makes a difference on what type of property you’re buying. for example, a city property, if you’re buying, you know, a multifamily in Brooklyn, a walkup, or in the Bronx, there’s virtually no land improvements whatsoever. You know, you may have a little sidewalk, maybe a little fencing, some signage.
That’s about it. However, if you buy a garden style multifamily property right in the southeast, you have. Or wherever. It doesn’t matter where it is. You’re gonna have a parking lot, you’re gonna have landscaping pavement, maybe you have a swimming pool, you’ll have other things that are outside that are on top of the land, which are considered 15 year.
And typically you’ll have, you know, around I’d say five to 10% of the property’s gonna go into that category as well. So all in all, you know, we can be, you know, anywhere from around 20 to 35%. Is it a big window? Alright. And, and there are factors of. What’s the square footage? What type of property that, you know, things like that, that are gonna contribute to the greater or lesser amount of accelerated depreciation.
And so if you take that number 20, you know, 20 to 30%, let’s just scheme around, then we’re gonna be taking, you know, somewhere around $2 million on average for, it’s gonna go that bonus depreciation route. So a $10 million purchase, easily $2 million bonus depreciation write off. And again, it can be a little more, it can be a little less, but round numbers pretty simple.
Mike Zlotnik: Yeah, that’s great. I really appreciate that. In depth explanation. So, other type of properties, let’s just cover a few other sectors in commercial. So if you did, if you’re dealing with some kind of retail versus, storage versus industrial, just curious what, what are the big differences? They don’t have as many insight parts, so just gimme kind of a high level how those are a little different.
Yonah Weiss: Absolutely. I, I’ll start with industrial, because that’s always gonna be on the low end of the spectrum in terms of what the benefits are. As you mentioned, there’s very little interior when you’re dealing with industrial, warehouse properties. You still will have, in most cases, the land improvements.
So you’ll have, you know, parking lot, you maybe have, you know, loading docks and things like that, where that will be outside. But interior, what is, what, what is there, you know, maybe have some shelving, maybe some security, you know, equipment or if there’s an office inside, you know, the, the office can.
Obviously have the furniture and those kind of things are gonna be in there. so warehouses industrial is gonna be on the lower end. We’re typically looking at around 10 to 15% of the tax basis that we’re gonna put. On an accelerated depreciation as compared to the multifamily as we mentioned, you know, 20 to five, 30%.
then we’ll go to, self-storage, which really depends on the type of facility it is and, some, a aspects of what is inside of it. So the type of facility, whether it’s a walkup. Some, you know, like a cube smart, like one of those big, buildings like that obviously gonna have less because there’s gonna be less land improvements.
There’s gonna be less interior things going on. Whereas if you have a spread out self storage park or, or you know, something like that, landscaping, where it’s more like an office, break, you know, breakout like that, you will have again, more land improvements Again, the pavement concrete. Ballard fencing, you know, you name it, anything like that as well as certain things.
Interior. The biggest thing for self storage is climate control. So if you have individualized, you know, HVAC units in the storage units, which is, is pretty common, I would say, especially with newer build storage, it’s, it’s almost, always gonna be the case that’s gonna have a tremendous amount of value.
also the. The, the doors, the rollup kind of doors and things like that will have five-year property value, other types of fixtures and lighting. So on storage, we can get upwards of 30% as well in terms of our reallocation. So it, it’s a great asset class as well, retail. Also gonna be in that same area you will have in most type of retail, especially if you’re dealing with like a shopping mall or something like that.
Even, even, you know, strip centers, you will have land improvements. Again, I don’t wanna overlook the importance of land improvements, which is a 15 year property. Now, again, 15 years is accelerated from that longer 39 year schedule for commercial properties. But when you put that in the bonus depreciation bucket, that all goes into the first year.
So we’re gonna be looking at how much is the value of all that stuff. That’s, you know, the pavement, concrete, again, a parking lot, signage, all that stuff outside. And then inside it will depend on the type of retail it is. If it is, you know, triple net maybe, or, you know, maybe there’s some deal with the, the tenants, who pays for the tenant improve.
And then who’s gonna be able to claim the benefit of depreciation on that? So there are some, some differences there in those type of things. Obviously you can do EG on any type of property whatsoever. You know, besides for your primary residence. You can do it on anything. It doesn’t matter if it’s s single family, multifamily.
It’s not just for commercial, not just for multifamily. As some people might, might think.
Mike Zlotnik: Yeah, there’s a lot of wisdom there and it’s kind of making me think about a deal we have coming up closing, late August, in its open air shopping and they got ton of, landscaping and improvements and all that is 15 year schedule.
Yeah. It’s just because you, you explain these are land improvements. You’re making very nice landscaping, making the property look beautiful. It is, that, and the other interesting thing, that property that we are closing, is a land lease. So land lease, I assume you do not allocate any value to a land.
You’re basically buying the buildings on somebody’s else, land on ports land. So I assume that you, you don’t discount 20% for the value of land, right?
Yonah Weiss: Right. There’s not gonna be any land there. again, land lease can be looked at in, in two ways, but, you know, and simply if you, you know, don’t buy the land, you’re just buying the building on top of it and you can, you know, depreciate the whole thing.
There’s a different way of looking at it where you’re really just, you know, if you’re not actually acquiring it, you’re just leasing the land. If that’s the case than. Meaning you don’t actually own the building either. In that case, you can’t actually claim the depreciation, in that type of land lease.
So it’s important to clarify, you know, which type you’re dealing with and what type of ownership will be in order to, you know, know how much depreciation you can take.
Mike Zlotnik: Yeah. Yeah. I, I appreciate that. But in most cases, with a ground, with a ground lease, it’s a long term. It’s considered to be purchased. You just, have a long term lease.
It’s kind of interesting here in New York City, world Financial Center, it’s all on the ground lease. I mean, it’s probably one of the most famous land leases in the mall. Sure. For, port Authority owns that. let, let’s continue the conversation. So, From the, you know, technical, changes. any, anything you’re doing different now versus the past or it’s just, it’s just a matter of numbers.
You’re still doing the study, you’re still doing all the same work. it’s just gotten two and a half times more exciting for, for people to buy these type of assets. And I’m, I’m really curious how much volume we’re gonna see pick up, because the first step in the recovery is a volume pickup, so more people get more interested.
With more demand ’cause it’s been quiet. So I, I don’t know if you have any comments on the technical implementation. and then, volume, just curious, is it a 10% boost, 20% boost? Just any any quick comments? I know it’s forward statements, who knows? Sure.
Yonah Weiss: Yeah. I, I definitely do. see more volume coming in.
One of the biggest factors that I saw, you know, when the a hundred percent bonus depreciation was introduced, the first time was that it was more. applicable for people with smaller properties, people dealing with, you know, single families or people dealing with properties where, you know, it maybe didn’t make so much sense to get a cost tag done, but because a hundred percent bonus pushing such a big amount of deductions to the first year, it’s becoming more popular.
So, for example, a little bit off the, off the topic, what you know. Some people may be used to, but short-term rentals, Airbnbs for example, I saw a huge influx of people buying, investing in those type of properties or single families where, you know, $200,000 purchase. That’s really where I see my rule of thumb.
Anything above that really makes sense to do a cost agon. And so it really makes the barrier of entry much, much smaller. So again, it may not be the audience, you know, of our, of our listeners here, but you know, I’ve. That being said, I know quite a few people who are, you know, maybe have a vacation home and, you know, they’re, or maybe looking to invest in something.
It’s a great tax benefit that comes along with it. You can, you know, rent it out, put it up on Airbnb via vb, whatever, all these other platforms, vrbo, and you can, you can actually, you know, do the costing on it, take it as a, a rental property as well, and, very powerful. So put that out there. Definitely something to look into.
Mike Zlotnik: What’s the cost of a cosec, just for comparison? Of course, it varies probably with complexity of the exercise, but if you, I don’t know, take, take a, a $10 million asset, maybe a hundred doors, kind of a hundred thousand a door, maybe garden style, not really expensive market, versus, you know, two, three, $400,000 Airbnb.
Versus, I don’t know, some open air shopping strip center. Just curious, what does this thing cost for the sponsor or the the operator to do the the study to get the tax benefits?
Yonah Weiss: Sure. So we have a, a flat fee, you know, based on the size and scope of work of the property. It is a sliding scale. So our, our starting point for single family homes, which is like the lowest end of the spectrum in terms of, size of the property and, and scope of work is, we’ll, currently the time of this recording, I should, be very current.
You know, it could go up in the future, who knows, but right now we charge around $3,000 typically for. A full engineered study. So again, you’re, even if you’re paying $200,000 for a property and you may be getting like a 40, $50,000 tax benefit, the the $3,000, you know, cost of getting it done, which in of itself, you know, is a business, business expense tax write off.
Is almost insignificant, and it’s a sliding scale, which means not contingent on tax savings, not contingent on purchase price whatsoever. Basically like for multi-family properties, you know, garden style, et cetera. We have one price for retail. We have another price typically in the range of about, I would say, five to $8,000.
Is the typical range for commercial properties. You may have some that are, you know, large, you know, million square foot, facilities that are gonna be around, you know, 10 or upwards of that. But I’d say 90% of our, commercial properties are gonna fit in that five to $8,000 window. So, yeah, it doesn’t matter if it’s a, you know, 300 unit multifamily.
Property, it’s gonna be in that, in that window. So yeah, huge benefit. And the benefit, obviously the tax benefit is proportional, meaning the more you spend on the, the higher the purchase price, the more benefit there is. ’cause if getting the study done is gonna cost you $5,000, whether it’s a hundred unit, you know, pot for $10 million, or it’s a 300 unit bot for $50 million, if the cost of the costing is gonna be essentially the same, it’s you know, the benefit the tax writeoffs are.
Exponentially greater.
Mike Zlotnik: Yeah. It’s the economy of scale kicks in. Exactly. I guess at some point, it makes sense, to do it. I, I saw years ago, and just a, just a quick comment. People used to offer one portfolio, residential, some kind of, I don’t know if it’s a desktop version of it, but more of, hey, all these houses look like this.
Mm-hmm. don’t go out to look at every single one of them. There’s 50 houses. Just, just kind of do it in a bulk manner. Do, do you do something like this? It’s just, just purely curious if, if you do a, a bulk single family type of, qua sec.
Yonah Weiss: Sure, yeah, there definitely is something like that that exists.
We do something similar in, in specific situations. It’s not something obviously that we’re gonna offer for, for every small portfolio, but when you do have a larger portfolio, especially if the properties are very similar, if they’re in the same locale, if they are, you know, obviously if they’re built in the same, you know, development, that’s a no brainer.
But even if they’re just, you know, in the same zip codes or, or similar location, similar builds, then it’s much easier to do it. Yeah, you can do. basically like a comparison eg. Where you’re gonna do a study on, on one or a few of the properties and kind of use like a rule of thumb based on that, or an averages as to come up with the whole thing.
And that is recognized by the IRS. There are several versions of the cosec that are recognized and, it’s lesser version, I would say, not as, Authoritative as the, you know, the quality engineer based study where, you know, an engineer is seeing every single location, et cetera. It, it’s a little bit different, but still recognized and obviously more cost efficient.
Mike Zlotnik: Yeah, and I appreciate that. It’s just, that’s the good news is the sophisticated organization, like, like uss could, could come up with the, with an elegant solution. And I really like the range. It’s not that terribly expensive. For some reason I was thinking. If you really scale the property up, the cost really scales up.
But it doesn’t, it, it, it’s, that’s the beauty about this. So there’s a great economy of scale, once you reach certain threshold. Right. are there sort of any like pitfalls or negative things or concerns that folks should think about? ’cause this, you and this bunch of other organizations, right. And people make a decision.
Based on experience and kind of know, like, and trust, and you have the in depth, expertise. So when, when folks are considering cross-sex shop, what’s really important? What adds value versus, a lot of people selling their services? And I’ve heard this story so many times and it’s almost like. How do you pick, and people pick one and they stick with one.
And then, I’m just curious, any pitfalls, any advantages that you have over other folks?
Yonah Weiss: Sure. You know, like you said, the li no, like, trust factor is huge, especially when you’re dealing with, with other types of, you know, partners and, vendors or what have you. Some people see vendors, you know, including eg, as as just a commodity, right?
It’s just, Hey, this is something I gotta do. I’m gonna get three quotes. I’m gonna go with the cheapest one. That’s all. Now, if they are all comparable, comparable type services, and you know, that may be, a smart way to view it, but certain factors obviously are gonna be important. Number one, you wanna make sure that this is a company that is, you know, it can be vouched for, right?
They’ve been around long enough that you know that they’re not just some. Fly by night, and believe me, there have been, I’ve seen in the, the years that I’ve been doing this, several companies kind of open and close trying to, trying to do this and unfortunately some that were not so, so honest and, and doing it the right way, which is unfortunate to see.
And I’ve seen some people get burned that way. People come to me, Hey, I got this done by this company and it really doesn’t look like it’s professional. I’m gonna have to pay you to do it a second time because we wanna make sure that it is compliant. And that’s the second thing, which is probably the most important, is you want to make sure it’s compliant.
It fits with the, you know, audit proof. Essentially. If you ever get audited anything dealing with taxes, you wanna make sure that you’re doing it 100% correct, because to get audited and then have to pay penalties and fines for doing it the wrong way, no one wants that. and so you wanna make sure that that’s, something that’s included in the, the cost.
Of your cost, eg. Is that audit defense, that audit protection if you are to be audited. And then what is the track record of, of the company? You know, we’ve, our company Madison Specs, have been around for over 20 years. We’ve, you know, done over 40,000 cost segs across all asset classes in all 50 states.
And so you wanna make sure that you have someone that’s, if I do get audited, what’s gonna happen? Are they gonna defend it? Is it gonna pass? And we have a hundred percent record with that as well. So those are probably the two most important things. And then obviously I’d say something a little less important, but you wanna make sure the person doing the EG has a very big, beautiful beard.
I think that’s important. You know, I really do.
Mike Zlotnik: That’s a wonderful requirement. I, I, I concur. I I certainly concur. There’s a lot of wisdom in that. so thank you for, for sharing that. any favorite win stories in Cosac? Just a couple of, I guess, lightning round questions.
Yonah Weiss: Yeah. The biggest one, biggest win
Mike Zlotnik: stories,
Yonah Weiss: biggest wins for me are always people who didn’t know about SEG beforehand and were stuck paying very high tax bills and then.
Dated cost and, and paying, you know, little to no taxes. So I always like to go back to a story with a guy who was a real estate broker out in California, one of the most successful real estate brokers in his county. Making seven figures and he came to me. He was paying, you know, easily three, $400,000 into to the Uncle Sam every year who was writing a check.
And he also invested in real estate, which means he had rental properties. He just never knew about cost sake. He learned about it, reached out. We had a property, and this was back when the a hundred percent bonus depreciation still applied. He bought a multi-family property for around $4 million and he was able to take a $1 million.
Tax write off bonus depreciation deduction from that one property. He had several properties, but just from that one, that one completely wiped out his tax liability. So instead of paying $300,000 in taxes, he paid zero that year and he was able to use that to put a down payment on a new property, a new rental property.
And so that’s always, to me, those are the biggest wins where people who are doing it the right way, they’re able to. Take those tax benefits. They know what they wanna do with it. They’re using that money to reinvest, to grow their wealth much faster. Really, that’s, that’s really what it’s all about.
Mike Zlotnik: Yeah. This is very touching and personal. So appreciate you sharing. do you have best advice for, Sierra U owners in 2025 and beyond? Is there anything simple? That comes to mind other than engaging medicine spec to do a cross segregation study. So any other practical advice, from any, you know, recent developments or your wisdom over the years?
Yonah Weiss: You know, having people like yourself on your team, where you can reach out, you can find someone who has the experience, who’s been through up and down markets. I think that’s the best advice I can have. Right? If you can find partners, you can find people who can, can join you, help advise you, whether it be advisors, mentors, people who have gone through previous cycles.
Because like you said, yeah, you can ask Chad GPT, see what’s the best advice they do, but knowing someone who’s gone through it with experience is probably going to help you to, to get through the other side. I think that’s probably the best advice I have.
Mike Zlotnik: Yeah, I appreciate that sharing. You know, the observation that we’re making is that, Chad, GPT and other AI tools, they, they, the, the, the knowledge is increasing, right?
Mm-hmm. I mean, it’s almost like you’ve got information, Knowledge and wisdom, right? There’s three different things. The wisdom comes with years of experience and wisdom is the last degree. You can get information, you get information and knowledge from these systems, but the wisdom is not there yet.
That they’re saying this is the maybe next generation of really right. Intelligent AI where it’ll have the wisdom, but not yet. So at least us humans do have that element of, so yeah. I, I, I agree with you. I appreciate you sharing that, that what’s the best way for folks to reach out if they wanted to connect with you?
I know you’re all over LinkedIn, but just. how would folks reach out?
Yonah Weiss: Yeah, I mean, that’s the best way social media is. I’m very active, as you mentioned, LinkedIn active on the other platforms as well. You can always go to yonahweiss.com. You can, you know, if you want, we always offer a free upfront estimate for any property, if any, if you’re looking to, to get a cost take done, happy to help.
Feel free to reach out any of those avenues. But do me a favor. As I always mention, if you go to one of those. Pro, platforms, whether it be LinkedIn, Instagram, X, whatever. Don’t just hit that follow button. Take 10 seconds and write a little note and let me know that you heard this, and definitely be happy to help.
Mike Zlotnik: Thank you young, this is very engaging and full of wisdoms and, I appreciate you coming, back on a, on on on the, podcast and looking forward to coming live on the LinkedIn. live, which you’re doing, which is, which is interesting too. It’s kind of, all this requires engagement. Engagement makes all the difference.
Yeah. The social media platforms, without engagement, they’re nothing. with engagement, they can add a lot of value, so appreciate that.
Yonah Weiss: Awesome. Thanks for having me back.
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