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103: Tax-Free Real Estate with Tom Wheelwright

103: Tax-Free Real Estate with Tom Wheelwright

FromGet Rich Education


103: Tax-Free Real Estate with Tom Wheelwright

FromGet Rich Education

ratings:
Length:
42 minutes
Released:
Sep 30, 2016
Format:
Podcast episode

Description

#103: Tom Wheelwright is a tax genius and regular contributor here. He’s the Founder and CEO of ProVision Wealth, which prepares Keith’s tax returns. TaxFreeWealthAdvisor.com Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 04:04  Every dollar of your income is either taxable or not taxable. 08:08  How you are double and triple-taxed. 09:59  How tax depreciation works for real estate investors. 13:33  Cost segregation. 16:10  Why Donald Trump won’t release his tax return. 20:14  Here’s when you start a tax and asset protection strategy. 23:40  Holding your real estate in an LLC vs. “S” Corp. 25:55  IRS audits and taking deductions. 28:06  Garrett Sutton. 29:40  Picking the wrong lawyer. 32:48  Audit prevention: 1) Documentation. 2) Competent tax preparer. 3) Don’t talk to the IRS.   Resources Mentioned: TaxFreeWealthAdvisor.com or call 866-467-5809 CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com
Released:
Sep 30, 2016
Format:
Podcast episode

Titles in the series (100)

This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.