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@YonahWeiss

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344
Following
1,018
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7,504
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Cost Segregation Expert | #CostSegKing Host of Weiss Advice Podcast | RE Investor Still much bigger following on LinkedIn 😉

Joined August 2018
Don't wanna be here? Send us removal request.
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@YonahWeiss
Weiss Advice
2 years
Cost Segregation 101 Understanding one of the most powerful tax tools for real estate investors. Including Bonus Depreciation Our company has helped investors save over $4bn (hook) I've been a guest on over 400 podcasts explaining this as simply as possible. 🧵
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@YonahWeiss
Weiss Advice
5 months
@neveragainlive1 @HilzFuld Upside down world. Since when is it offensive to advocate for the release of hostages?
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@YonahWeiss
Weiss Advice
2 years
The Scariest of all Taxes...Recapture Tax You know about the great tax benefits for real estate investors, especially depreciation--“king of all deductions” In case you think Uncle Sam is your friend...it’s important to remember the dark side of depreciation...recapture tax 🧵
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@YonahWeiss
Weiss Advice
1 year
Just saw the first 'distressed seller' LP opportunity come across my inbox from a client of mine and great operator in PHX, buying a multifamily property 35% discount of what it was bought for in 2021🤯 It's happening. I hope you're on the right side Have you seen any yet?
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@YonahWeiss
Weiss Advice
6 months
@Osint613 Another incident of Islamophobia of course
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@YonahWeiss
Weiss Advice
10 months
This video is from a few years ago, but gives the best perspective I could find for anyone wondering about the horrific situation in Israel. Mosab Hassan Yousef author of Son of Hamas (the best book I've read on the truth of the conflict), tells it like it is. Hamas terrorists
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@YonahWeiss
Weiss Advice
7 months
@AvivaKlompas @IsraelWarRoom Wearing a PRESS vest does not absolve you of being a target if you're aiding a terrorist.
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@YonahWeiss
Weiss Advice
2 years
Depreciation recapture tax is one of the most misunderstood concepts surrounding cost segregation. Should I do a thread 🧵 on this subject?
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@YonahWeiss
Weiss Advice
1 year
Multifamily is an awesome asset class that gets a lot of attention, rightfully so, for Cost Segregation 📦 How much tax benefit is there anyway?! I'm going to give a short case study and show the breakdown of costs that are segregated. 🧵
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@YonahWeiss
Weiss Advice
2 years
Outside of real estate, what side hustles do you have?
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@YonahWeiss
Weiss Advice
1 year
Probably one of the best commercials of all time. There couldn't possibly be a better way of selling Mobile Homes @mhprvpmvp looks like you have to up your game with a video, show it like it really is
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@YonahWeiss
Weiss Advice
2 years
Unpopular take: Investing in a REIT is not investing in real estate... But it IS passive😜
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@YonahWeiss
Weiss Advice
1 year
ChatGPT is going to ruin social engagement I just did a webinar about cost seg and someone asked a great question in the chat Before I could answer someone else responded what looked like an articulate answer. Only it was WRONG. Another question. This guy chimes in again to
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@YonahWeiss
Weiss Advice
9 months
@YosephHaddad This thread has a much longer video. This looks much less like a hospital and much more like a Hamas HQ
@imshin
Imshin
9 months
Only healthy fighting age men in this bombing of the Indonesian Hospital/terror center, north Gaza Strip. The footage was broadcast live on Aljazeera but was removed after Saudi Twitter accounts noticed that some of the men were even in uniform! #Hamaslies #HamasMonsters
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@YonahWeiss
Weiss Advice
2 years
100% Bonus Depreciation...Farewell.
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@YonahWeiss
Weiss Advice
1 year
Just got off the phone with a client, reviewing his cost seg report He said his CPA told him this is some kind of scam 🤷‍♂️ In other news, my client is looking for a new CPA 😂
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@YonahWeiss
Weiss Advice
1 year
@realEstateTrent It always amazes me how quick people are to judge
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@YonahWeiss
Weiss Advice
1 year
Gas Stations are depreciated over 15 years, and not 39 years like almost all other commercial properties That means the entire property can qualify for Bonus Depreciation - in 2023 it's 80% If any one of the following three criteria are met:
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@YonahWeiss
Weiss Advice
1 year
FYI: You CAN'T *use* the benefits for cost seg and bonus depreciation by investing passively as an LP (limited partner) with a RE sponsor to offset your W2 income, UNLESS you or your spouse are "real estate professionals" Those MILLIONS will just be unusable passive losses
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@YonahWeiss
Weiss Advice
1 year
If you were to buy "land" anywhere in the US, where would you buy and why?
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@YonahWeiss
Weiss Advice
1 year
Who's that good looking bearded guy with the ping pong paddle in the back? If I was writing the article, the headline would have read: Eli Lever falls short with his $100M bid for the Flatiron Building - Will get the next one.
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@YonahWeiss
Weiss Advice
1 year
If anyone ever tells you social media is a waste of time, use this account as exhibit A
@realEstateTrent
StripMallGuy
1 year
You start tweeting about strip malls, and next thing you know you're invited to speak at Harvard. Twitter. Is. Wild.
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@YonahWeiss
Weiss Advice
6 months
It passed!!!
@YonahWeiss
Weiss Advice
6 months
The proposed bill with the return of 100% Bonus Depreciation just hit the House floor, and is being debated as we speak. H.R. 7024 Tax Relief for American Families and Workers Act of 2024
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@YonahWeiss
Weiss Advice
9 months
@imshin Sure looks like the scene of every hospital I've ever been in...
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@YonahWeiss
Weiss Advice
1 year
Should I do a mega 🧵on Renovations as related to cost segregation? When should you do a cost seg, before, after, or both? Comment below, and if I get a good response, I'll tag you if I end up writing it What other cost seg related subjects should I do a thread on next?
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@YonahWeiss
Weiss Advice
1 year
What would you do? 🤔
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@YonahWeiss
Weiss Advice
1 year
Idea for a dating app: Matching high W2 earners with real estate professionals! For tax purposes @bhallcpa @LearnLikeaCPA @doutaxsolutions what do you think?
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@YonahWeiss
Weiss Advice
6 months
On the floor for today's vote in the House: Returning Bonus Depreciation to 100% for property placed in service in 2022 thru 2025 H.R. 7024 Tax Relief for American Families and Workers Act of 2024 Stay tuned.
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@YonahWeiss
Weiss Advice
1 year
Just got off the phone with a client, reviewing his cost seg report. He said his CPA told him this is some kind of scam 🤷‍♂️ In other news, my client is looking for a new CPA 😂
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@YonahWeiss
Weiss Advice
9 months
@TheMossadIL Those secondary explosions are a doozy.
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@YonahWeiss
Weiss Advice
2 years
$407,373 tax deduction in 2022 🤯 A LOT of STR owners are getting it done to offset W2 income 100% Bonus Depreciation, using a Cost Seg study on a STR is a game changer. Without cost seg, the SL depreciation deduction would have been $27,787/yr How?🧵👇
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@YonahWeiss
Weiss Advice
1 year
Yesterday was the first time in 5 years that I have come back from a week long vacation NOT overwhelmed by emails I used to have 300-400 unread emails to respond to Recently I brought on 2 assistants who handle all my emails Game-changer. After their filtering, I had 15 emails
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@YonahWeiss
Weiss Advice
5 months
I couldn't be in NYC and not get to see the one and only @BobKnakal and the iconic #maproom I wanted to get a chance to finally meet in person after many interactions and joining me on the Weiss Advice podcast. Bob, I told you this in person, but everyone needs to know, if they
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@YonahWeiss
Weiss Advice
1 year
What's the worst real estate advice you were ever given?
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@YonahWeiss
Weiss Advice
2 years
Bonus Depreciation is going away? 😱 A question I've been getting a lot recently, so allow me to clarify publicly, with a bit of context for those of you who don't know what bonus depreciation is. First, let's set the record straight. Bonus depreciation is NOT going away. 😄
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@YonahWeiss
Weiss Advice
1 year
What would you do with an extra $100k today? Spoke with a good friend this morning who started a business helping people get 0% business lines of credit for 12-18 months To be used for whatever you want Fascinating that I never knew products like this exist at most banks
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@YonahWeiss
Weiss Advice
1 year
Unpopular Opinion: (and what got me blocked by @recostseg and it's Sweaty co-owner) You CAN'T use the benefits of cost seg and bonus depreciation by investing passively as an LP (limited partner) to offset your W2 income UNLESS you or spouse are REPS (& a few other exceptions)
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@YonahWeiss
Weiss Advice
1 year
@Co11egeLandlord This is actually how the airbnb algorithm views the stars, unlike how our logic views them. If you have under 4.8 overall rating on airbnb, your listings get shown much less.
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@YonahWeiss
Weiss Advice
1 year
The first words we say when we open our eyes every morning are "I thank you, living and eternal King, for You have returned my soul within me with compassion–great is Your faithfulness!" It's a Jewish prayer, but anyone can say it Gratitude is the the foundation of everything
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@YonahWeiss
Weiss Advice
2 years
I invested $100k as an LP in a multifamily RE syndication this year It paid over $6k in distributions this year, and increase next year, and projected to make 2x on sale in year 4-5 Active income —> Passive income💯 But how does one get excited about 2%? What am I missing?
@DecadeInvestor
Decade Investor💸
2 years
My 2022 goal was to get $100k invested into VOO. Now it pays me nearly $2,000 every year in dividends. Active income —> Passive income
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@YonahWeiss
Weiss Advice
2 years
What you do during your 5-9 shapes who you are much more than your 9-5. Stop treating your 9-5 as your identity.
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@YonahWeiss
Weiss Advice
2 years
This might be an unpopular opinion, but "value-add" does not mean upgrading the appliances and and countertops to charge more rent. That's one small part. It's increasing NOI by reducing operational inefficiencies, and increasing revenue besides just rent.
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@YonahWeiss
Weiss Advice
1 year
Just wanted to publicly thank @realEstateTrent for the incredible event tonight You are a true mensch (google it 😉) I learned a great deal from the panel with @TyronMcDaniel @antonia_mdprjct @PinkPoloShorts @armadaetfs Intros from @PaulFromEurope & @Bethazor1 were priceless
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@YonahWeiss
Weiss Advice
9 months
@AvivaKlompas So sad. Let's keep praying he and all of the hostages come home safely, very soon
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@YonahWeiss
Weiss Advice
1 year
Rise48 bought more multifamily than Blackstone in 2022 - $860M They were #3 in acquisitions over the past 5 years $1.95bn I just hosted Zach Haptonstall, CEO and co-founder of Rise48 Equity on my weekly zoom meetup. He shared how they were able to scale so quickly and
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@YonahWeiss
Weiss Advice
9 months
@Ostrov_A At least we know they're still alive.
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@YonahWeiss
Weiss Advice
2 years
The best book on public speaking I ever read (and re-read all the time) is Steal the Show by Michael Port I gained tremendous insight, not only about public speaking, but also -daily interactions -sales calls -meetings -job interviews -and even using social media
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@YonahWeiss
Weiss Advice
1 year
Don't include a potential refinance in your projections of returns on a deal to LPs
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@YonahWeiss
Weiss Advice
1 year
Tell me you're a real estate investor, without telling me you're a real estate investor. Go. #retwit
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@YonahWeiss
Weiss Advice
1 year
My assistant says she gets a better response when sending emails from my account with my name as vs. from her email on my behalf Cracked me up today. she sent an email from me to a client cc'ing herself: "My assistant cc'd will reach out shortly" She replied "Thanks Yonah!"😂
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@YonahWeiss
Weiss Advice
1 year
Sam Zell, who had an incredible career amassing wealth through real estate since the early 1960s, passed away today. BDE - He will be missed, but his influence will carry on. This @TimFerrissShow episode was my all time favorite.
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@YonahWeiss
Weiss Advice
6 months
@Osint613 The only thing consistent about them is their lies.
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@YonahWeiss
Weiss Advice
1 year
To my 5k new followers Quick Intro -Father of 6 -Teacher for 15 yrs -RE Investor for 7 yrs (mostly LP) -Cost Segregation Expert -Helped clients save over $1B in taxes #CostSegKing -Top Podcast guest on over 450 podcasts -Host of #WeissAdvice Podcast -Capital Raiser Say Hello
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@YonahWeiss
Weiss Advice
1 year
Fill in the blanks: My degree is in____________________ And now I work in_________________ Kinda funny thinking about how how having a history degree, has helped in becoming a Cost Segregation Expert, and RE Investor...or has it?
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@YonahWeiss
Weiss Advice
2 years
re-Intro for new followers -Teacher for 15 yrs -RE Investor for 7 years (mostly LP) -Cost Seg Expert -Helped clients save over $1B in taxes #CostSegKing -Top Podcast guest -featured on 400+ podcasts -Host of #WeissAdvice Podcast -Capital Raiser Say Hello
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@YonahWeiss
Weiss Advice
1 year
Land value plays a big role in real estate When buying a property, the purchase price is split between land value and building (or improvements) value The building 'depreciates', & you can deduct it from your taxes Land doesn't depreciate How do you know the value of land? 🧵
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@YonahWeiss
Weiss Advice
6 months
Storytime: Did you know the IRS can send their own Cost Seg firm to audit your cost seg study if they think you are claiming way too much? Just had this happen to a former client of ours. He bought an industrial property for ~$30mm. We did the initial feasibility, and it
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@YonahWeiss
Weiss Advice
1 year
The % of Bonus Depreciation your property is eligible for is based on the year it was placed into service--not the current tax year If you placed a property into service 2018-2022 = 100% Bonus Dep. If you place a property in service in 2023, it's eligible for 80% Bonus Dep Qs?
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@YonahWeiss
Weiss Advice
1 year
@realEstateTrent To quote Yoggi Berra, “'It's tough to make predictions, especially about the future'”
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@YonahWeiss
Weiss Advice
2 years
What was your first passive investment? Mine was an LP into a self-storage development. Solid sponsor (20 year track record) Was supposed to be a 5 year hold They ended up flipping the land after entitlement returning 152% Return in 15 months That hooked me in
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@YonahWeiss
Weiss Advice
5 months
Just had a call with a client who wants to buy a diary farm and bonus depreciate the livestock. Did you know cows can be depreciated?
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@YonahWeiss
Weiss Advice
1 year
It's amazing what 8 months of being active on #retwit can do Honored to recognized among so many leaders in this space that I look up to I can't tag the other 174 people who made the 2023 CREi Twitter Influencer List Thank you @kenashley & @MrsSarahMalcolm
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@YonahWeiss
Weiss Advice
7 months
80% Bonus Depreciation...Farewell.
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@YonahWeiss
Weiss Advice
2 years
Self Storage is an awesome asset class that often gets overlooked for Cost Segregation 📦 How much tax benefit is there anyway?! I'm going to give a short case study and show the breakdown of costs that are segregated. 🧵
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@YonahWeiss
Weiss Advice
8 months
@visegrad24 Despicable.
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@YonahWeiss
Weiss Advice
1 year
"You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you." -Dale Carnegie
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@YonahWeiss
Weiss Advice
1 year
A few months ago I stumbled upon #Retwit , an amazing community on Twitter of real estate professionals from all backgrounds and aspects of the industry. Having gone all in on Linkedin content creation & community building, driving 8 figures of revenue to our Cost Seg business
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@YonahWeiss
Weiss Advice
2 years
What has Real Estate Investing done for you? What's changed in your life because of it?
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@YonahWeiss
Weiss Advice
11 months
This really rubbed me the wrong way. I’m sharing here instead of calling out the offender. As you may know, I’ve guested on over 400 podcasts in the real estate world, to share my expert knowledge of  #CostSegregation I really enjoy it, and rarely turn down an opportunity for
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@YonahWeiss
Weiss Advice
1 year
I guess that's what happens when you call someone out? I hope they deleted the tweet at least...doubtful.
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@YonahWeiss
Weiss Advice
1 year
Client on phone call just now: "My CPA thinks doing a cost seg is risky, & will open me up to an audit" IRS: Cost Seg is the proper way to depreciate property Me:🤦‍♂️ Don't assume your CPA knows all of the ins & outs of RE investing, do yourself a favor and educate yourself
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@YonahWeiss
Weiss Advice
1 year
This is so sad Someone looked up to for financial success, has no idea what success actually is I have asked 300+ of the most successful people I know on #WeissAdvice Podcast "What does success mean to you?" NONE of them said anything remotely close to this guy What say you?
@kevinolearytv
Kevin O'Leary aka Mr. Wonderful
1 year
You may lose your wife, you may lose your dog, your mother may hate you. None of those things matter. What matters is that you achieve success and become free. Then you can do whatever you like.
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@YonahWeiss
Weiss Advice
2 years
@realEstateTrent Now send him a DM from Stripmallguy, and see if you get a different response 😎
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@YonahWeiss
Weiss Advice
1 year
What do you consider "distressed" real estate? #retwit
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@YonahWeiss
Weiss Advice
1 year
This may be an unpopular opinion, but having a W2 could be the best thing for you to get started in investing in real estate.
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@YonahWeiss
Weiss Advice
1 year
Perseverance. "The righteous man falls down seven times and gets up." –Proverbs, 24:16 Greatness is defined by King Solomon, as getting up one more time than you've fallen down Try to succeed, get up from failure, and keep moving forward
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@YonahWeiss
Weiss Advice
1 year
The man behind the cost seg guy. Theses guys are sensitive 😂
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@YonahWeiss
Weiss Advice
1 year
•Michael Jordan puts out a new shoe, people buy it •Apple releases a new phone and people stand in line for it •Beyoncé concert - spend $350 on a ticket Friend or family member starts a new business, people are wary of buying it! "Gotta research it!" "Too expensive!"
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@YonahWeiss
Weiss Advice
1 year
People worry too much about making the wrong choices, but what they really should worry about is not making any.
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@YonahWeiss
Weiss Advice
1 year
As someone who only started being active on #retwit less than 5 months ago, I'm honored to be recognized by @kenashley among dozens of other amazing people to make the "LIST" I love the abundance mentality that I see here daily. Check out the full list
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@YonahWeiss
Weiss Advice
2 years
Here's a great way to NOT get invited as a guest on a podcast -1st message you send is a cold one -Don't add value--just ask -Don't engage with any of my posts beforehand -Don't tell me a compelling reason to invite you as a guest Don't be this guy. Do the opposite End Rant😁
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@YonahWeiss
Weiss Advice
1 year
Is there something more conducive to creativity than going for a walk outdoors without distractions?
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@YonahWeiss
Weiss Advice
1 year
Winners are just losers who never give up Losers look for success at the finish line. Winners experience success along the way Keep trying Bet on yourself, you deserve it!
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@YonahWeiss
Weiss Advice
1 year
3,000 followers in less than 3 months! Thank you all! I think it was @BeckReit that put me over the top this morning! #retwit is really growing on me Shout out to some awesome folks who encouraged me to try twitter @KTG_CRE @ShlomoChopp @andrewbermudez @DouglasDowellJD
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@YonahWeiss
Weiss Advice
1 year
Never bad mouth your competitors Never bad mouth anyone for that matter I got a call recently from someone who saw an article I wrote about Cost Segregation on @BiggerPockets He told me outright that he got quotes from two other firms, but he wanted another quote (cont')
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@YonahWeiss
Weiss Advice
1 year
When does it NOT make sense to do a cost seg? -You plan to sell in less than 2 years -Purchase price is under $200k -You plan a gut renovation before placing it in service -You can't actually USE the deductions (like if you're a W2 and not REPS) Everyone else--reach out 😎
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@YonahWeiss
Weiss Advice
1 year
@garyvee 👉 The key to being a strong entrepreneur or executive is to understand that patience is extremely important Sometimes people complain that their right hook didn’t land, and I find out that they were only jabbing for three months In the entire span of your career...
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@YonahWeiss
Weiss Advice
1 year
If you're not posting and engaging on Twitter, you're missing out connecting with so many people You're scared. What will people think? Fear is the biggest thing keeping you from achieving what you want But you must overcome that, and jump in Apply this lesson to everything
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@YonahWeiss
Weiss Advice
1 year
Why do so many people wait until the last minute, and then expect everyone else to rush to get things done? Me: It takes us 6-8 weeks to complete a cost seg study Client: But I want to send my K-1s out next week😲 Me: Maybe you should have thought about that before today
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@YonahWeiss
Weiss Advice
8 months
Retwit - I need to ask you a favor 😊 I've been selected as a finalist for Best Cost Segregation Expert for the @AAOA American Apartment Owners Association. Here's what I need from you: 1) Like this post/or retweet 👍 2) Tag two people who think Bonus Depreciation is cool 😎
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@YonahWeiss
Weiss Advice
1 year
I literally LOL on a call just now A client asked me, what happens, now that bonus depreciation is going away, does that mean I'm out of a job? He said if I'm looking for work I can join his RE company😂 I was flattered, but cost seg is here to stay and so is the #costsegking
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@YonahWeiss
Weiss Advice
5 months
A great meal and even better conversation. Amazing to finally meet @chernobelskiy in person. I couldn't come to Phoenix and not spend some time with this guy.
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@YonahWeiss
Weiss Advice
2 years
Just got off the phone with a client, reviewing his cost seg report. He said his CPA told him this is some kind of scam 🤷‍♂️ In other news, my client is looking for a new CPA 😂
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@YonahWeiss
Weiss Advice
2 years
Does this mean I'm officially part of #retwit ? How does this work? Anyways thanks for the follow @moseskagan 🙌 Honored. I guess that means you forgive me for those cold calls 4-5 years ago 🤣 And @ChrisRamsey60 too!
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@YonahWeiss
Weiss Advice
2 years
Random question: Are you supposed to follow everyone that follows you? I still don't know the proper etiquette of this app... What's your standard procedure?
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@YonahWeiss
Weiss Advice
1 year
@sweatystartup @recostseg Do you also tell them that they can't actually use those deductions against their active income unless they are a full time real estate professional?
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@YonahWeiss
Weiss Advice
1 year
#retwit Twitter is an amazing place. I started posting actively Dec 1st, and the next thing I know, I'm flying in to join 100 other incredible RE folks, all led by this anon account @realEstateTrent ! When you follow your intuition, good things happen
@realEstateTrent
StripMallGuy
1 year
Four months ago, I had a crazy idea: Reveal my identity to 100 members of this community by hosting an open bar event in NYC. Just Real Estate Talk. Budget: $35K. I cover the cost. Then, crazy things started happening:
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@YonahWeiss
Weiss Advice
1 year
"When your income increases, don't increase your standard of living--increase your standard of GIVING!" Happy Purim
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@YonahWeiss
Weiss Advice
2 years
A tale of two platforms: Yesterday I posted farewell 100% Bonus Depreciation with a GIF on Twitter and Linkedin (where I have 23k followers) Linkedin: likes 238 shares 2 comments 40 views 19k Twitter: likes 95 retweets 13 comments 7 views 19k Twitter has great organic reach!
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@YonahWeiss
Weiss Advice
1 year
If you can’t explain it in simple terms, you don't fully understand it.
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