“Let’s say you had a $200,000 income and you had $100,000 of deductions, well, instead of paying taxes on $200,000, you’re now only paying taxes on $100,000. That creates a net, real cash value of how much you would have had to pay in taxes, and that's pretty significant. Again, over $500,000 is like ten x-ing your money!" - Yonah Weiss

I’m joined this week by Yonah Weiss, a Business Director at Madison SPECS, a national real estate cost segregation leader. While at Madison, Yonah has assisted clients in saving tens of millions of dollars on real estate taxes through cost segregation.

Yonah started with a background in teaching and found himself looking for something new just a few years ago. In his search for a career change, he discovered a multitude of opportunities in the real estate investing industry.

Yonah joins me on today’s show to fully break down what cost segregation means and how it could save real estate investors loads of capital.

To learn more about how you can start creating wealth through multifamily real estate investing, visit us at LegacyBloom.com.

“You mean to tell me that if I invest in one offering, I'm diversified? And, on top of that, I'm only sitting down and looking at it one time? Alright, cool, let me see the newsletters and distributions after that because I'm pretty much sold on that aspect!" - John Fortes

I’m joined this week by John Fortes, Managing Director of The Fortes Company, a multifamily private equity investment firm. Looking for a passive income while refereeing high-level NCAA basketball games led John to dabbling in real estate investing. John wanted to be able to have more flexibility to referee what games he wanted, when he wanted, as well as to spend more time with his beautiful wife and children.

Fast forward a couple of years, and the Fortes Company has helped families invest in more than $70 million in multifamily investments that’s allowed them to secure financial security, preserve and grow their wealth, as well as compound investments as they achieve their financial independence.

John joins me on today’s show to take me on his real estate journey and speak on the differences between real estate investment funds and syndications.

To learn more about how you can start creating wealth through multifamily real estate investing, visit us at LegacyBloom.com.

“I wanted to build up enough cash flow to achieve financial freedom so that I could live life on my own terms. What that meant for me was, eventually getting to a point where I could replace my 'earned' income with 'passive' income, and the key to that, for me, was through cash-flow investment properties.” - Jacob Ayers

I’m joined this week by multifamily real estate investor, Jacob Ayers. After earning a degree in Fire Protection and Safety Engineering at Oklahoma State University, Jacob headed to Houston, Texas, and dove into the corporate world. It didn’t take him long to realize that going to college and getting a good job was not all it was made out to be. He wanted more financial freedom, fewer KPI’s, and an escape from the nine-to-five.

At the young age of 25, Jacob started his real estate investing journey, buying his first rental property and quickly after, transitioning into buying small multifamily properties.

Jacob joins me on today’s show to take me on his journey of becoming a young multifamily real estate investor, all while juggling a day job.

To learn more about how you can start creating wealth through multifamily real estate investing, visit us at LegacyBloom.com.

* NOTE - I had some microphone challenges in this episode, so please forgive the couple of instances of muffled audio - all part of the learning curve.

The thing is, when I talk about building "wealth," I'm talking about more than just money. I'm talking about mindset and your mental outlook; I'm talking about your spiritual health; and I'm talking about how much time you have in your life – for your family, for yourself, or to just do the things you want to do.

Never be afraid to encounter challenges - this is where we do our most significant growing.

And never let perfectionism keep you from making progress and building wealth!