Weiss Advice Yonah Weiss

What does it take to achieve financial freedom? Imagine the possibilities when hard work and dedication meet innovative strategies. Delve into Elaine's inspiring journey, from self-managing over 1,000 rental units to revolutionizing real estate profits and even unlocking the secrets to personal growth and fulfillment. This episode is bursting with life-changing insights for entrepreneurs—something you won't want to miss.
Elaine Stageberg is co-owner and founder of Black Swan Real Estate, a leading national presenter, investment thought leader, and real estate expert. Dr. Elaine Stageberg is a psychiatrist, mother of four, and mentor to physicians and real estate investors from all walks of life.


[00:00 - 12:12] Transitioning from Career to Real Estate Investment for Financial Freedom
Elaine, who has been married to Nick for 12 years, resides with her family in RochesterLeft their career to go into the world of investing and currently runs their own company The catalyst for their move to real estate was stability and financial freedomCommitted effort can lead you to your desired destination

[12:13 - 27:00] Leveraging Psychiatry and Maximizing Profits Through Creative Tactics
Management and operation are essential aspects of handling businessesUnderstanding people is the foundation of investor relationsProviding a portion of equity to employees as revenue sharePivoting in these times, especially when acquisitions are getting harderBeing creative or flexible is really what it's all about in real estate and in any business

[27:01 - 35:47] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
Worst job ever was waitressing Book that gave a paradigm shift: "The Infinite Game" by Simon SinekSkill/talent to learn: WeightliftingSuccess means combining the science of success with the art of fulfillment 

Resources Mentioned
"The Infinite Game" by Simon Sinek


Connect with Elaine
Website: https://blackswanteam.com/




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Tweetable Quotes:


"It's often from great pain that great things come.” - Elaine Stageberg


"The second most important decision in your life, next to your human health, is where you live. It determines your communities, resources, surroundings, and how you feel when you come home." - Elaine Stageberg
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Are you ready to discover the secrets of communication skills, personal growth through travel, and learning from your past mistakes?
Join us as we dive into an engaging conversation with Adam Carswell, a real estate investor and entrepreneur from Cleveland, Ohio. Discover how you can develop your communication skills, learn from past mistakes, and explore fascinating topics like the DISC profile and Love Languages. Find out how Adam's journey from college basketball player to real estate investor unfolded, get insights from his experiences with Hunter Thompson, and learn how he achieves success in business. Plus, don't miss out on valuable tips for improving your communication skills and a book recommendation that gave him a paradigm shift.


[00:00 - 13:20] Adam Carswell's Path to Business and Life
From Cleveland to Belize to Washington DCWorking in Washington DC, discovered the book "Rich Dad Poor Dad"Inspired by newfound knowledge, Adam transitioned to a realtor with Re/Max Launched RaiseMasters with Hunter in December 2020Focused on fostering relationships and raising capital [13:21 - 19:58] Sharpening Your Communication Skills Through Podcasting
Experiencing different places, people, and environments is importantUsing paid services to host a podcast is better than free servicesCommunication is an important skill and podcasting can help build itSelf-reviewing podcast episodes sharpen communication skills[19:59 - 31:51] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
Worked for Staples for 4 monthsBook that gave a paradigm shift: The Way of the Superior Man by David DataTalent/skill to learn: Standup comedySuccess means: Getting clear on who you've been called to serve

Resources Mentioned
Dream Chasers
Liberland Show


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WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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Tweetable Quotes:
"Listening to yourself talk is not narcissistic; it's a skill and a powerful communication-building tool. Ensuring your message is delivered in the right way is essential." - Yonah Weiss
“Success means getting clear on who you've been called to serve.” - Adam Carswell
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Did you know that soft skills like attitude, communication, and flexibility can significantly impact your success in everyday life? 
In this episode, Yonah Weiss and Ray Agliata reveal how honing these skills can make a world of difference. Discover why younger buyers prioritize monthly payments over interest rates, and gain valuable insights on real estate investing. Plus, learn the secret to enhancing your bottom line and find out how taking up a new skill, like hiking, can transform your life. Don't miss this eye-opening discussion on the power of soft skills!


[00:01 - 14:28] Soft Skills - Discover the Power of Everyday Leadership
Attitude is a foundational soft skill and the number one soft skill to learnSoft skills encompass leadership, flexibility, adaptability, communication, and moreTeaching is one of the best ways to master something you want to learn

[14:29 - 21:26] Mastering Soft Skills in Real Estate: How to Find Deals Despite High Interest Rates
Communication and leadership are crucial for closing deals with investors and serving clientsThe judgment that comes with soft skills helps determine the best timing for execution or stepping backMarket is hard due to higher interest rates, but deals can be found if you persistently seek them

[21:27 - 30:09] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
Working with great people can make even the toughest jobs enjoyableLearning skills that can transfer from job to job, as well as between personal and work lifeLeaders are readers—a thousand percent true. CEOs of major companies are avid readersSuccess is about being the best you can be every day

Resources Mentioned
Skillful Living Now: A Soft Skills Handbook by Ray Agliata
Breath: The New Science of a Lost Art by James Nestor
1984 by George Orwell
One True Podcast


Connect with Ray!
LinkedIn: https://www.linkedin.com/in/ray-agliata/


LEAVE A 5-STAR REVIEW by clicking this link.
 
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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www.yonahweiss.com


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Tweetable Quote:
"Success is not defined by a billion dollars, but by the options it affords and the personal accomplishments we cherish." - Ray Agliata
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Do you want to know how cost segregation can help real estate owners lower their income tax liability? 


In this episode, we'll explore how cost segregation works and the benefits it can offer. We'll discuss the properties it applies to, such as single-family, retail, office, industrial, and self-storage. We'll cover different depreciation methods, such as five-year and 15-year property classifications. We'll also explain when to do a cost segregation study and how it works with CPAs. Plus, we'll give you the lowdown on bonus depreciation and the cost savings opportunities associated with cost segregation on previously owned properties. 


Tune in to this episode to learn everything you need about cost segregation!


[00:00 - 05:58] Unlock the Benefits of Cost Segregation
Cost Segregation is a tax strategy that allows real estate owners to lower their income tax liabilityIt involves breaking down the property into its components and assigning different valuable lives, values, and timeframes for depreciationCost segregation can be done in the first year of ownership or on a property owned for many years

[10:56 - 19:34] Maximizing Your Tax Benefits
Most accounting firms do not do cost segregation in-houseCPAs are not tax strategists and do not advise on tax strategiesCost segregation studies can be done by a third-party firm or DIY softwareDepreciation deductions can only offset passive income unless you are a real estate professional

[19:35 - 26:15] Recapture Tax
Recapture tax means when you sell a property, you're subject to capital gain tax on the amount of profit between the purchase price and sale priceThe recapture tax is broken down into three levels, with some portions taxed at 25


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WHERE CAN I LEARN MORE?


Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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Exclusive Facebook Group
www.yonahweiss.com


None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.



Tweetable Quotes:


"Cost segregation is a tax strategy that allows real estate owners to lower their income tax liability by increasing deductions during the early years of ownership." - Yonah Weiss


"The depreciation is not intrinsic to the property. It's intrinsic to the property owner, which means every time the property changes hands, you get to start over that 27-and-a-half-year schedule."" - Yonah Weiss


"No one likes paying huge amounts of tax. The best strategy I've found and have seen hundreds of people literally use is self-managing your short term rentals." - Yonah Weiss




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What are your goals to succeed in the real estate investment space? In this episode of Weiss Advice, we welcome Aleksey Chernobelskiy. Aleksey is a Principal at Centrio Capital Partners. Prior to Centrio, he ran STORE Capital’s $10 billion commercial real estate portfolio consisting of 3,000 single-tenant properties and ran the firm’s underwriting efforts. At STORE Capital, he sat on the Investment, ESG, and Employee Engagement Committees.
Aleksey provides his insights on creating a risk model with three variables, namely: experience, alignment of interests, and property.  
Tune in to this episode as Aleksey shares the lessons that he has learned along his journey on his blog!


[00:00 - 01:40] Opening Segment
We welcome, Aleksey Chernobelskiy!Aleksey is a Principal at Centro Capital Partners[01:41 - 23:58] The Simple Ways To Find Good Investments
Transitioned from 10 years of corporate real estate to his own investment companyEntrepreneurship can be lonely, but networking is still importantEthical questions arise when there is a conflict of interest between two optionsNo investment is perfect[23:59 - 37:22] THE FINAL FOUR
What's the worst job that you ever had?Worked as a paralegalWhat's a book you've read that has given you a paradigm shift?“The Almanack of Naval Ravikant” by Eric JorgensonWhat is a skill or talent that you would like to learn?Computer programmingWhat does success mean to you?Aleksey says, “The goal is always. Work efficiently, not work a lot, and be very wise with your time. “
Connect with Aleksey Chernobelskiy: 
Blog: LP Lessons
LinkedIn: Aleksey Chernobelskiy
Twitter: @chernobelskiy


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WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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Tweetable Quotes:
“I'm developing almost like a risk model for any given GP. For now, it involves three variables. And essentially, the goal is to include as many types of risks within those three variables as possible to evaluate whether a given investment with a GP is good.” – Aleksey Chernobelskiy
“I do think there's a lot of value in sharing the good. In other words, there's so much money in the LP world is getting allocated. My goal is to funnel more of it to good GPs. That's the goal.” – Aleksey Chernobelskiy
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What are your goals to succeed in the real estate investment space? In this episode of Weiss Advice, we welcome Zane Schartz. Zane Schartz is the President of Freedom Commercial Real Estate and Chief Investment Officer at Wolfe Investments which currently has over $700M in AUM. He shares his journey from being a professional hockey player in North America and Europe to becoming an entrepreneur and owner of his own company.
Zane talks about his mission for creating a nonprofit organization that funds missionaries around the world, and how he draws inspiration from Tim Tebow and others who use their platform to share their faith boldly.


Tune in to this episode as Zane shares his motivation, leadership lessons, and advice on implementation!


[00:00 - 01:21] Opening Segment
We welcome, Zane Schartz!Zane is the President of Freedom Commercial Real Estate and Chief Investment Officer of Wolfe Investments[01:22 - 18:27] Financial Freedom Through Faith And Opportunity
Acquiring cash-flowing assets across the country to provide investors with financial freedomStaying rooted in truth and humility is essential for successDedication, discipline, teamwork, and punctuality are critical for successLong term goal is to create a non-profit organization that funds missionaries around the world[18:28 - 2905] THE FINAL FOUR
What's the worst job that you ever had?Working at KennyWhat's a book you've read that has given you a paradigm shift?“You And Me Forever” by Francis ChanWhat is a skill or talent that you would like to learn?Speak ItalianWhat does success mean to you?Zane says, “Being a faithful steward of the gifts I've been given and using the gifts I've been given to tell people about the truth that I know. “

Connect with Zane Schartz: 
LinkedIn: Zane Schartz


LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
LinkedIn
Youtube
Exclusive Facebook Group
www.yonahweiss.com
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.


Tweetable Quotes:
“Why would you do something if you're not going to try to be the best at it? So, if you're going to do something, you got to go hard at it.” – Zane Schartz


“I feel like I'm just being a good steward of the opportunities that I've been given. Because if what I believe is true, then there's a lot of ramifications behind it.” – Zane Schartz
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