Category: Real Estate
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How To Choose A Real Estate Tax Accountant
How To Choose A Real Estate Tax Accountant Are you tired of having a HUGE tax bill? Most professionals are and look into investing in real estate to help lower some of their tax burden. I started investing in real estate syndications several years ago and quickly realized that having a good real estate accountant on…
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Investing in Airbnb Property: A Beginner’s Guide to Passive Income
Investing in Airbnb Property: A Beginner’s Guide to Passive Income New Passive Investor Circle members wanting to invest in real estate syndications typically look for ways to build cash flow without having to rely on their full-time job. In the past, I’ve given information about the different assets classes we’ve invested in to help educate…
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How ChatGPT Is Changing Real Estate Investing
How ChatGPT Is Changing Real Estate Investing Since OpenAI released its blockbuster bot in November 2022, it’s quickly garnered attention for its detailed responses and extensive knowledge of a myriad of industries and sectors. ChatGPT has started to infiltrate several businesses at a previously unseen pace, and it’s becoming a game-changer on many levels. ChatGPT’s…
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From Burnout to Financial Freedom: Real Estate Investing for Doctors
From Burnout to Financial Freedom: Real Estate Investing for Doctors Even though a full-time physician in the United States earn on average $208,000 per year, this alone may not be enough to achieve financial freedom. If you’re a doctor or other high-income earner, it’s vital to understand how and where to invest your income. And…
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From Wells to Wallets: A Beginner’s Guide to Oil and Gas Investing
From Wells to Wallets: A Beginner’s Guide to Oil and Gas Investing Dentists and physicians spend their entire careers focused on the health and well-being of their patients (which is a good thing!). Unfortunately, most don’t think about their own financial well-being until they “have to.” For me, that “have to” moment involved injuring my…
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A Guide to Core, Core Plus, Value-Add & Opportunistic Strategies
A Guide to Core, Core Plus, Value-Add & Opportunistic Strategies As a father of two teenagers, I initially made an investment decision to save money more conservatively to mitigate risk as much as possible. What’s great about real estate is that there are multiple real estate investment opportunities and strategies that you can choose from…
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Material Participation: A Game Changer for Your Business
Material Participation: A Game Changer for Your Business If you’re wanting to lower taxes, then one of the BEST strategies is to invest in real estate. Two of the more popular ways has to do with either: Becoming a real estate professional Using the short-term rental tax loophole Real Estate Professional The IRS states that…
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Real Estate Tax Savings: The Power of Accelerated Depreciation
Real Estate Tax Savings: The Power of Accelerated Depreciation Recently, I was listening to a podcast where Grant Cardone was discussing taxes and real estate. At one point he said something that made me completely stop my uphill (moderately fast 🙂 ) walk and think for a minute. In a nutshell, this was the point he…
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Cost Segregation: A Powerful Tax Strategy For High Income Professionals
Cost Segregation: A Powerful Tax Strategy For High Income Professionals Benjamin Franklin said there were only two things certain in life: death and taxes. As a periodontist, I accepted the fact that I was going to work my entire career having to pay a boatload of taxes. I’ll never forget overhearing a conversation at a…
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Opportunity Zone Tax Benefits: A Game-Changer for Investors
When I finished training, I was focused on getting rid of $300k worth of student loan debt and developing a solid financial plan. Unfortunately, most high-income professionals miss out on a key part of planning for building wealth: a tax reduction plan. If you know that your BIGGEST expense is going to be your federal…
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Interest Rate Caps: A Simple Solution for Rate Protection
I recently attended Brad Sumrok’s Rat Race 2 Retirement Apartment Syndication meeting in Dallas. If you’re wanting to get started investing in real estate syndications, being around other like-minded people is a great way to jumpstart your success. In case you missed it, here’s my interview with Brad: One of the investment terms he mentioned…