Tag: videoshort

How to Pay Your Student Loan: The Strategy

https://youtu.be/nkwc_fx-hY8

What are those techniques? If you can. I know you mentioned there were like for real, I’m finna go through them one by one. And there are basically four major repayments solutions. There’s private student loan refinance with a private lender where basically forfeit all your federal program benefits and you refinance it, hopefully a better interest rate.

Otherwise it doesn’t make sense doing it, but of course it’s like, you may have a higher payment because it’s a shorter term. Typically lenders will offer you a lower interest rate, but they’ll on the condition that you can afford. The payment that will create a seven or 10 or 12 or 15 year term instead of the 25 year term, sometimes associated with student loans.

And there’s also, if you work for nonprofit, of course, public service loan forgiveness is its own juggernaut is very nuanced and complicated and understanding how. Program works and whether it’s worth pursuing and its reliability, those are all issues that come up. That would be the second one. The third thing would be to, if you don’t qualify for the nonprofit forgiveness, you public service loan forgiveness for government income driven plans, which are either 20 or 25 years long.

All the way through to the end until you received the forgiveness there, or another solution would be the fourth option would be payment targeting or unorthodox method of putting some of the loans at a zero payment and accelerating your payments on higher rate loans, that type of thing, or making your student loan repayment work around your other debt or other financial obligations.

There can sometimes be a mixture, uh, several different of those strategies at once, but refinance public service, loan, forgiveness, income driven plans, and. Payment targeting are the four major solutions and then how to incorporate that into your own financial objectives. And of course the more complicated.

 

And then of course, for a lot of us that work time is more valuable than money. You guys do all the paperwork.

Don’t let YOUR MONEY go down the drain!

https://youtu.be/WY9E4kWFz50Yeah, I think it’s, I think there might be a divergence within like residential stuff, which you guys work with. And then the commercial assets, like I haven’t seen the run-up in prices in commercial assets, maybe like a quarter point across the board of cap rates, lowering. By the way it’s you guys means that the prices are going up when the cap rates are what they sell for lower, but nothing nearly is like the residential.
Well, that’s what I’m like. I lower my like waterline for like people to buy turnkeys to me, buying turkeys make absolutely no sense right now. But so if I were to understand how you’re thinking and summarize it, you’re thinking this is the opportunity to sell residential properties. What do you think? A lot of people in the middle of the pandemic, the summertime, we’re creating a lot of videos, the YouTube.
God love them. Right? They’re always doing those tweetable or those SEL terms where the world’s going to end. There’s the way, lots of foreclosures. Is that really going to happen? Where you put, I put my money on that. I think that will be a big disruption. I think I was Dallas, Texas last week for a couple of conferences, had a meeting with some, the manager of the billion dollar fund that we were talking about what they’re thinking and it lines up with I’m thinking this cycle will end and we’re not sure if it’s going to end in six.
12 months, 18 months, but this high that the cycle will end and then it will go the other way. And the managers words, it will lead to an extended period of depreciate. And we’ll see these prices steadily declined. Oh. And his thought was late. This decade, our economy is really weak right now and the fundamentals are not good.
I think there’ll be some significant challenges ahead had they’re not reflected in the current real estate market, but at some point they will be. And most of the rosiness today is a result of that. A good chunk of it is government intervention, which is the record, low interest rates are near record low.
And then all of the stimulus money that has been pumped into, into the, the economy, uh, over the last year that’s been, I think that’s, there’ll be another side of this that will pay for it. I think. 2000 5, 6, 7. It was such a dramatic run-up there had to be a turn and eventually it turned in late oh seven and through oh eight.
And it became a people were at that point, but you got to, oh, nine, 10 people are looking back at oh seven and oh eight and oh six and thinking, what were they thinking? Why did they think this would keep going up? Why were they paying so much for houses? And I think right now, fast forward a year, two years, three years at some point.
There’s going to be people looking back and saying, what were they thinking in 2021, people were paying for assets, be it a mortgage or real estate. I’m happy to sell into that market. In fact, I’m thrilled to sell in that market, but I’d be really scared as a buyer I’m having to buy. And I know talking to some of the funds, they have to buy, they have money.
They can’t not use it. And as they have to buy, they’re buying with expectations of very modest. Like low single digits that they have here, they’re getting four or 5%. And that is not even three-and-a-half percent people. It’s better either. They have a super cheap cost of capital, which some of them do, or it’s better than not investing the money at all, but I’d be nervous if you buy something and you’re getting three, four, 5% return.
And then the market turns and suddenly you lose your road, your principal, that would be challenging. So my thought, if you own real estate or you own a mortgage or any kind of type of asset with the exception of probably hospitality or our office buildings, which are probably you sell in today’s market, you probably won’t do well, but everything else by and large, not residential real estate, anything to do with that, I think it’s definitely, yeah.

Should You Use an LLC?

https://youtu.be/1ZPK_L_Mpso

Everybody thinks that they’re super protected with an LLC, right? Why all being Abada tell us like the dark side of these LLCs, are they truly Bulletproof there’s there? There’s nothing. That’s truly Bulletproof, especially if it’s purely domestic, like whatever you create, eventually, if you get to a high net worth.

So like you have over a million of unprotected net worth. Of assets, you should start adding some sort of offshore component to it because we have, what’s called the U S constitution, full faith and credit clause. So it’s always going to limit anything, purely domestic LLCs. I’m not going to like cuckoo all over them.

They’re I use them. They’re a foundational level, but there’s a lot of things that aren’t just being. Spoken about them. And a lot of people being misled, I think either intentionally or not, or just from lack of knowledge on what happens in court by can these things called jurisdiction and legal, nexuses availing yourself of state rights and that’s where this needs to get sorted out.

And then I’m going to pick on California a lot here because it’s the most, a lot of people live in California. There’s a lot of money in California. I mean, you have a lot of California investors investing all over the state. So I think it’s a great example of a state. To use. And so I want to start with, like, I think the big misconception is with charging orders and what a charging order is, is trying to limit the member of an LLC legal responsibility to paying a judgment.

They try to keep it within just the LLC a court order just within the LLC. And so you hear these states. And there’s a lot of confusion over where do you go? Do you go to Delaware, Wyoming, Texas. And at the end of the day, it really just comes down to what are you holding? So let’s just stick with the example of the state I’m talking about.

Let’s say it’s California real estate, and you own some California real estate. You’re a California resident. And you went and set up a Wyoming LLC because you read it on the internet or your CPA told you to go ahead and do that. What you did is just convert your Wyoming, LLC to a California LLC, because you’re doing business in the state of California.

And not only are you going to pay the franchise tax, but if you ever have a liability issue in California, the judge in California is going to apply what law, California law, not Wyoming law, because you’re a resident there, the properties there, the lawsuits coming through there, a California judge doesn’t give a hoot that you have a Wyoming LLC.

There’s no legal nexus there that Wyoming LLC just did a fancy thing called legally available. For the protection of laws of California, as, like I said, that’s the state, the assets in that’s the state, the injury or damage occurred in. And this can go for any state. If you had an asset in Ohio and you put it in an, a Wyoming, LLC is the same principles that apply.

And so I want to harp on this just a minute longer because I do get a ton of calls on this and clients just confused as heck on what they shouldn’t stuff into a Wyoming, LLC. And it’s because just by simply owning an out-of-state LLC. You have to register that LLC is doing business in the other state, but you have to register it in California and pay the franchise tax.

And this is just basic case law. And once you do that and you, again, avail yourself of the privileges and laws of that state and given that state jurisdiction, there’s a great case. Indian palms country club association versus anchor bank in 2015. And it lays out all the multiple standards, like the legal standards that you’d have to meet to successfully beat a piercing, the corporate veil argument.

And so for sticking with California, now that LLC is registered and paying the franchise tax in California, you just gave California jurisdiction over the LLC, plain and simple. And you’re a resident of that state. There’s another caveat against you. And then you have a California asset in an out-of-state Wyoming, LLC, or Delaware, LLC in Nevada, LLC, with no connection to Wyoming whatsoever.

You just did this fancy word. I told you about avail yourself of the laws of California. And so you just transferred that Wyoming, LLC to a California LLC by was called a direct, substantial and systemic contact, California. Something I see common, cause I always see the tail end of this. Especially when my clients work with me and there we’ll have us, most of the time is like the lawyers just going down their check sheet and the sales form and ask the client like, Hey, do you want to be anonymous?

And then the clients always say, oh yeah, I would like to be honest. All right, sign you up for this thousand dollar Wyoming. And we’ll see, which is also a pain in the butt to upkeep in the future. That’s the classic case. And I tell my guys like, all right, like how you’re saying, it’s not truly anonymous, but like anybody who’s going to get sued, they’re going to Pierce right through that.

It’s just going to make things a little bit harder, right. This day and age, nothing ominous. And that was going to be my next blow up of this whole thing of an amenity. And so it’s a big concepts, a big misconception. And I think that. People just think that you can create this anonymous Wyoming, LLC. It sounds so cool.

Like I can just disappear and ghost a lawsuit and I’m like the legal system doesn’t work that way. Like one, if you’re creating these LLCs, you have to also pay for a registered sir person like service of agent and that costs money, their sole job. Is to say, Hey, congratulations, your LLC just got sued.

You’re served, go find a lawyer, defend yourself. And then the simple reality is that once a lawsuit’s filed and starts and you’ve been served because you’re not going to avoid the legal service, the legal process starts. And this is thing called legal discovery. And then you’re going to end up going into court.

And the judge is going to say, Hey, you’re getting sued for $1 million or whatever the law and the number is like, here’s an asset declaration list. All of your assets. To make sure that there’s something that can be collected on. And at that point you can do one of two things. You list your assets or you lie and commit perjury and say you don’t own them.

Or the LLC doesn’t own any. And then that’s called perjury. You go to jail, you get sanctioned, your lawyers get sanctioned, and a lot of bad things happen to you. So there’s no such thing as an amenity. Once a lawsuit starts and amenity works in the sense of. I own an LLC. I want some privacy to where someone can just look up my house residence and go egg my house and harass me because they don’t like it.

And if they’re resourceful enough, they can find all that stuff. I have access to all that stuff. I just use a scraping program and a skip tracing program. And I can find where you used to live, which your cousin’s name is where they live, but their number is what’s your dad’s name. No, exactly. So I think that a lot of these burns are just.

Spraying on the naivete of a lot of people and the idea of, oh, wow. So you’re telling me I can just become a ghost by creating this anonymous LLC. And no one will ever be able to find me. And if I did get sued, I never have to respond and show up. Sorry. Like, you’re going to have a default judgment entered against you and you wouldn’t even be there to know.

And then you’re going to end up having to pay the maximum amount because you didn’t even try to defendant along the lines of this. Anonymity thing is more from a tax perspective. Again, Brian’s the lawyer on hand here, but just speaking for taxes, this is corporate transparency act that got enacted in January, 2021.

So now I guess what they were trying to block was people were just making all these random LLCs and none of it kind of points to them personally. And they were possibly hiding a bunch of nefarious action or maybe just hiding disproportionate amounts of income and expenses likely it was happening as most good business operators try to do to some extent.

But now on a lot of key ones, we have to put social security numbers on there, even if you have LLC. So a lot of investors got an upset with us and it’s like, Hey man, it’s not our fault. We’re just following the corporate transparency act. So even now the IRS is like blowing this way up. There’s nothing that’s transparent.

There’s really nothing. And that’s a real like asset protection for it to work. You want it, you do not want to be not paying your taxes. You’re going to have to pay your taxes. Otherwise that’s tax fraud. And the system blows up or you don’t want to be committing fraud or fraudulent transactions and things like that.

So whenever you’re creating an asset protection plan, it has to be taxed neutral, and this whole idea of an amenity and hiding if you assets. That’s bad. Like IRS is going to come down on you. Like the judge is going to come down on you. So fraudulent transfers after a lawsuit. That’s why you have to be proactive.

When you create these in Korean, before issues, before problems, these are all the things that you need to think about. Get your system set up as a business structure early, and then let it grow with you. But like you said, like even the IRS is cracking down on asset disclosures. We have a system that’s as strong where you don’t have to hide.

Why was Cryptocurrency Created?

https://youtu.be/qDfVngkOYeo

When you look at things like, for instance, remittance, remittance, meaning sending money overseas, and you look at the countries we talked about at the beginning, Nigeria, Vietnam, Philippines, one common aspect of all those countries. My wife actually being Filipina and having family back there as a business factor, money is constantly being sent from the us back to the Philippines.

And when we use the traditional bank wire systems with system or Western union or places like that, To send that money. It’s massively inefficient. It’s very slow. It’s very expensive. For instance, sending $200 from here to the Philippines with a service like Western union is likely to end up with the equivalent of $150 in purchasing power.

Landing at the end point, terribly inefficient. But if we use cryptocurrency, we can see like 98, 99% of that value move and we can do it instantly instead of over three days or five. And that’s the trouble, right? Like these large companies like PayPal or the credit card companies, they’re all getting their share.

And the buying power, the transaction between buyer and seller is being wasted. Exactly. And they’re able to do that because in large part, it’s an oligopoly. It’s a very small group of companies who coordinate and control pricing in those markets. In any market. Your viewers are obviously more financially astute than the average risk and reward are generally tied to each other.

If, as an example, I’m going to send $200 to the Philippines and I show up at a bank or a Western union office, and I hand $200 in cash. To them to start that transaction there essentially is no risk in that process for any of the people providing the service throughout. And I’m not denying there is some service being performed, but the risk of taking a 25% cut doesn’t make any sense.

And that’s what happens when you have monopolies and you have oligopolies and the banking system is probably no better example of that in the world than the banking system.

How Much Money Should You Start Investing in Syndications?

https://youtu.be/zuiS9q_xnDo

So another question here in one of your podcasts or investors calls you had recommended not to deploy more than $250,000 in a year. Is there any checks reason for this. I don’t remember the context of this. I think what I was getting at a lot of investors don’t need that rich debt or that book, that purple book that is the red pill of finance for a lot of people.

 

And they’re like, oh my God, I got to get out of this like crap and investing in for all my life. And they go bonkers. They’re going into all these alternative investment, private placements and syndication deals. And I’ve had people that invested half a million, million dollars at nine months. I personally am.

 

Whoa. That’s a lot of them investing because the thing is let’s heart about syndications. Anybody can put one together, right? Anybody can invest in it, but like in terms of putting them together, anybody can do it. You just pay $30,000, supposedly you can magically do it. So I say that jokingly, because. Not everybody should do it.

 

And I sure as heck am going to invest in those deals, but those sponsors, how do you determine who’s legit? It’s really hard to determine who’s legit. And if it were me, I would take the approach of putting my money in going with the minimum and seeing how it works, call me crazy. But I think that’s a prudent strategy, especially when a lot of people that come into our group, they’ve been investing in the regular 401k stuff that traditional.

 

Investing model for 10, maybe even 40 years, we have a huge range of ages in our group. Don’t throw it away on some bozo who you just met. I just, today someone just mentioned that, yeah, they lost a hundred thousand dollars investing with this other sponsor and they’re happy that they found this, but that takes some luck.

 

And I think to really feel confident to going that you’re putting your money with good stewards is to build your network with other passive investors. So that you feel comfortable knowing that other people have had good success in the past, but likely. Yeah, a lot of us and myself included, we don’t have any people who are investing in these types of options, the investments, most of the people that we associate with or go to work with, or our families or parents just invest in the traditional mainstream retail stuff.

 

So we don’t have that network. But what I’m saying is that’s why we created simple passive cashflow. So that if there is an opportunity to find like-minded individuals and you do. That’s when magic flip things happen. And if you want to stop screwing around, that’s where you joined the family office, Ohana mastermind the fault.

 

I’m just saying, but I think that’s the way into it. And maybe I slid the $250,000 in one year thing. I think maybe where that came from was like, maybe you can go onto a handful of deals in that first year with, you know, minimal investments being anywhere from 50 to a hundred thousand dollars. So you could go onto a few deals and you can sit and wait and watch, see how the sponsor performs.

 

Did they run off with your money to Mexico? They say that they’re going to do it. Quarterly distributions are when they said it was going to, so that would be the way I would do it. When I started to buy rental properties, I bought my first three in Seattle and my big first pivot point as an investor was investing site and scene.

 

In Birmingham and left Indianapolis 2012, 13, what did I do? I bought one property in Birmingham. I see how it worked. I pause for six months to a year, and then, you know what the damn thing works. So I’m loaded. I unloaded all those Seattle properties that have poor cash flow. And I went into and parlayed my money into those other investments.

 

So to me, I’m not saying that you’re going to do this, but I like the approach of getting proof of concept and then going all of that.

What is Bitcoin?

https://youtu.be/NontxQLQbL4

Well, one of the things I’ll say here is I think people often have a hard time figuring out what Bitcoin is. So they like to compare it to things that they already see. Is it like this stock? Is it like gold? Is it, but the problem is. It’s so many things. I think you have to really say it’s something unique in and of itself.

 

It’s a monetary network, a decentralized monitoring and work. It’s a protocol like the internet of course, has a money characteristics, very strong as a store of value, some value as a medium of exchange. It has the ability to be a unit of account. Although right now it’s, doesn’t really have a lot of that.

 

And I think when people think about, should I put some of my net worth into it, how do I think about how do I evaluate it? It gets really difficult. And I think people get stuck on that. I say that you have to think about it completely differently if you’re a trader type person, which I am not. But if you are, it’s going to be very tricky because I think a lot of the things you think you may know about.

 

What a certain trading pattern looks like, or a certain shape of a curve or a certain pattern. You may see that in Bitcoin and say, oh, if this was happening in a stock, it would mean that I buy, or I sell, or I do this, but. Don’t think that you can apply those same curves to Bitcoin. It might work one time and then be an absolute dumpster fire.

 

The next time Bitcoin doesn’t follow those patterns. And again, it’s not a company, there’s no leader. It has no head. It isn’t beholden to anybody. That’s a big thing. But the last thing I’ll say about it here is this is the way I look at it. I don’t measure it in dollars. So I view Bitcoin as in the merging parallel financial universe.

 

And if I move some part of my wealth, From the existing, see out universe, primarily dollar base. And I move it over into the Bitcoin universe. I don’t intend on it ever going back. Okay. That I am not. In fact, I don’t like to use the expression. I bought Bitcoin. I’m more likely to say I sold my dollars and acquired Bitcoin.

 

And that’s one thing I think people often. Kind of mistake when they think about money is they forget that it’s always a two-sided transaction. Whether you’re buying a house or a pack of gum, you are selling your dollars and you’re getting this other thing, whether it’s a commodity or an asset. So if you bring.

 

That if, if let’s say it was an asset, when you bring that asset back to dollars, you’re bringing it back into this scary thing. We’ve talked about inflation a little bit already. You’re bringing it back to this thing that is not working for you. So if you do that, you better get it somewhere else quickly.

 

Because it’s a horrible store of value. It may be one of the worst stores of value of all time. And so, anyway, this is a important part of, I think, about trying to get the right mindset, to think about how Bitcoin works and, and how it might fit in your world. .

How to Choose the Right Financial Planner

https://youtu.be/KSar5qUV1d0

It’s not about gaming the system, the tax system, really the tax code. I’m sure you’ve heard this before, but there’s thousands of pages. This thing is a beast and I would not prefer to personally read it, but there’s only a few pages that are about how to pay tax. And the rest of this gigantic document are all ways their roadmap to not pay taxes.

And so you really need to be working with somebody who is. Knowledgeable about the tax code that really seeks to leverage it in your favor and not do unfortunately what most CPAs for common people do. And they say, Hey, let’s just defer some money and not pay tax on it this year. And that sounds like a great end of story.

If we stop there, but you still are going to pay tax in the future. So you’re just kicking the can down the road and you end up with this big tax bill, the end and especially. For your audience and myself and our audience as well at the money advantage. If you’re looking to grow your wealth and increase your income, you’re going to probably be in a higher tax bracket in the future.

And I do not want that tax bill on a higher income in a higher tax bracket. And with 19 trillion plus dollars in us debt right now, we’re in a position where if the government says, Oh, Hey, let’s go ahead and increase taxes and decrease tax brackets. So that more people are paying more taxes in the future.

I don’t have control of that, and I certainly don’t want to be at that mercy. So I don’t want to just defer tax. Which is a fancy way of saying postpone. I don’t want to just postpone taxes until the future. And that’s what a lot of times you’ll hear as a tax strategy. And it’s really not a tax strategy.

Yeah. And what you just said, just drives me crazy all the time. Most CPAs don’t have a freaking clue what they’re doing. That’s why they have that job. And that’s why I sit at home in my shorts all day long and not to say that, Hey, I’m not a CPM, not a lawyer. This is where you have to learn these strategies and you’re not going to be the ones can potentially be a little dangerous, right?

If you go overboard with these proportions, You possibly can get audited. Yeah. Reasonable salary. That doesn’t mean you’re going to say, Oh, my reasonable salary is $1 and the rest of my money is coming over without self-employment tax. That is, that’s stepping over the line and here’s the line. And you want to be working with a tax strategist that says, okay, I understand the lay of the land and the landscape.

And I’m willing to walk up to that line. But I’m not going to cross over. And that’s the piece that instead a lot of CPAs will just say, Hey, I’m just going to stay as far away from the line as possible. And that’s where a lot of money gets left on the table. And unfortunately way too many people are in that position where they say I have the best CPA in the world, and yet they’re still leaving a lot of money on the table.

So again, it is not about doing things that are illegal, that can land you in a huge amount of hot water. Absolutely would never recommend that. But what you want to do is understand how to proactively leverage the tax code. Here’s my analogy. This stuff is like doing a surgery, Rachel and I aren’t going to do surgery on ourselves, period.

We’re not even doctors. No, but we can recommend possibly. Hey, why don’t we do this? Have you heard of this other operation? And if your CPA is like any other CPA out there, they haven’t even heard of the damn thing. So maybe you have to go to first a CPA who can do that operation, but you also even good CPAs, but they’re just looking for the easy way out times than not.

They don’t want any kind of odd potential in the future, even though it is totally legit, they just want to do what’s easy. So you as the client, like I always say, you’re the boss, you’re the property manager works for you. You need to tell them what you want within reason. Same thing here. Your CPA works for you.

You need to tell them what you’re going for and need to hear them out. If not in to get a new CPA, she mean, and get to someone who, who is legit. And I can do this stuff for you, but yeah, but never do it without a CPA. You are using their recommendations. Now, what you want to do is ask yourself, is this the CPA for me?

Are they going to help take me to that next level? And a couple of questions you can say is, are they meeting with me outside of tax season? That’s just one really good, but almost indicator or a marker. Are they concerned with helping me strategize outside of just saying, okay, what did you already do?

And how can we react to what you did in your business and your real estate and your investing and all of those things, really? You want somebody who’s going to help you plan ahead so that you use the right deductions so that you apply the right things in your strategy and process so that you can take advantage of the tax code. .

How Do the Wealthy Pay Off Debt?

https://youtu.be/I1eVpkOPWMI

The wealthy, think about how do I have capital that I control because I like to think of it as an emergency opportunity fund, right? You’re going to have life come at you where you have a bigger expense in some months that you weren’t expecting that would be considered an emergency. You’re also going to have opportunities, which is the thing that’s really exciting.

It’s the reason that I want to have cash that I can get to, and that cash that I’m storing. Is way more valuable than paying off the loan as quickly as possible. Here’s the thing. If I have the cash to be able to pay off my mortgage, I’m not in debt. Now. This is something that we talk about on a regular basis.

And people say just because I have a loan, that means I’m in debt, but I know you and your audience are super smart and you’ve probably thought this completely through already, but you’re only in debt when you have negative equity. And negative equity is a position where your assets are less than your liabilities.

Now, if you had your cash sitting somewhere that you could access and say you had $700,000 and you want to pay off your $700,000 mortgage. You could, if that was the best use of that capital for you, but what if there was something that would produce a higher return than paying off that loan? And you wanted to go ahead and put that into a commercial property or multi-family deal, or you wanted to go into mobile home parks.

And invest in that you have so many options when you have cash, but you limit your options when you just focus on paying off the loan and interesting, like that word opportunity fund doesn’t exist with the layman. They have an emergency fund. And as you can see what I do at my opportunity fund for when deals come along, my video, there is simple passive cashflow.com/bull fund, but I use a little bit of infinite banking and some other more liquid investments in there is that all the time.

How to Increase Tax Deductions on Single Family Homes

https://youtu.be/-TQIx5njkz4

So DIY cost sag is a platform we developed after being in the industry since 2002 and doing well over 15,000 studies. And we saw a need in the market for smaller properties under a million dollars. And whether it’s a single family, residential, duplex, quad, or triplex. We cover those, or it might also be a dentist office or any other kind of commercial property under a million.

We actually go up to $3 million, but it’s a lower cost quicker alternative. So how that works is we’ve built a modeling system and we’ll model the property. So it’s a non inspection product. It takes essentially. Five or 10 minutes to input the data you put in your credit card and you get your results instantly.

So what happens with that is you’re done and you get your results. So it is going to air conservative. And because we’re not inspecting it, there’s been a lot of talk like on bigger pockets of your folks. That’s in the bigger pockets about these solutions. We have tremendous supporters and people that question it mostly competitors, but we provide audit protection.

So in the event you’re auditing, which is very rare. But if you are audited, we are going to send an engineer out there and do a full engineering study, which we do again, we’ve done well over 15,000 a year since 2002. So we will defend you fully so you’re protected, but it’s a quick and easy solution, whether it’s a one to four family with a discount code that you’ve got through here with lane, it is, uh, $640.

That’s a wonderful word and matter. What’s a single family or quad anything in between. And if it’s under a million dollars in five plus units, it’s 1200, $1,390. That includes the audit protection is one 95 it’s insurance policy. So basically. It works great. It’s a good solution for the right situation.

Certain, there are plenty of properties that are under a million or right in that borderline that justified the full asset detail that you’d get from a cost segregation study for a future abandonment and disposition and things that depending on your purpose with the property and what your plans are with it.

I talked to folks and say, this is your best option, or this is your best option. Are you looking to maximize your depreciation and do a lot more value add? Or are you just looking for quick deductions? And an answer here, but if you’re a real estate professional or not, sometimes that makes a difference.

How valuable are these tax deductions to you for an officer? And it also takes into account, like how long are you going to put onto the property? It’s just like a turnkey rental that you’re going to dump in three years to go to syndication deals. Maybe it doesn’t make sense, but if you’re costing out maybe a little bit.

Larger property, especially in California, maybe that might be just enough to get some tax savings, to save up more money and eventually go into deals and get cost segregations there, and then sell the properties and not have to do a 10 31 exchange as I don’t like at all. But you guys can go to again, civil pass, a castle.com/cost state.

And then there’s the link there with the discount code SPC.

Offsetting Active Income w/ Passive Losses as an Accredited Investor

https://youtu.be/WFcivagBeN0

So people ask I’m a high paid professional making over 200, $300,000 a year. How come I can’t get these passive losses or pals for short and offset my active W2 salary and pretty bad, but supposed to be calmed down. What’s the deal, man. Yeah. Yeah. Well, the, the most simple way to explain it is that you’ve W2 business, income, capital gains, stock sales, interest, dividend income, all of that income is considered non-passive.

 

So I go out and create a passive loss. I can’t let my passive losses against my non-passive losses. So my goal then should be to recharacterize my passive losses as non-passive.