In this episode, Ryan and Thomas are joined by Ron Rohde, Esq, to discuss what real estate investors really need to know about LLCs, including: - What are LLCs? - Common LLC Structures Explained - How To Not Pierce the Corporate Veil - Is Umbrella Insurance a Replacement for LLCs? - LLC Mistakes and more! We also discuss why Ron transitioned from residential to industrial real estate investing! Whether you already have LLCs or plan to create one, this is a must-listen episode. To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast More from Ron: http ..read more

In this episode, Ryan and Thomas are joined by tax expert Justin Shore, EA, to discuss how you can turn losses non-passive without material participation or the real estate professional status (REPS). This is an episode you don't want to miss! To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast Reserve your Free Ticket to the 2024 Tax, Legal, and Wealth Summit at www.taxandlegalsummit.com Apply to join the Hall CPA team at www.therealestatecpa.com/careers Follow Us On Social Media Subscribe to our YouTube channel: www.youtube.com/c/therealestatecp ..read more

In this episode, Ryan and Thomas are joined by tax expert Nathan Sosa, CPA to discuss: - What are S-Corps? - Why you shouldn't put rentals in S-Corps - When S-Corps do make sense for real estate investors - Establishing reasonable salaries for S-Corp Owners - The Bramblett Structure for real estate flippers and developers - And more! To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast Reserve your Free Ticket to the 2024 Tax, Legal, and Wealth Summit at www.taxandlegalsummit.com Apply to join the Hall CPA team at www.therealestatecpa.com/careers F ..read more

In this episode, Ryan and Thomas discuss 7 exit strategies to minimize the tax hit when you sell your next property: - The 1031 Exchange - The “Lazy 1031 Exchange” - 1031 Exchange into a Delaware Statutory Trust (DST) - 1031 Exchange into Mineral Rights - Qualified Opportunity Funds (QOFs) - Seller Financing (installment sales) - The 721 Exchange We also discuss two additional strategies we don't recommend. Tune in to find out what they are! Reserve your Ticket to the 2024 Tax, Legal, and Wealth Summit at www.taxandlegalsummit.com To become a client, request a consultation from Hall CPA, PLLC ..read more

In this episode, Ryan and Thomas discuss: - The Tax Implications for Oil & Gas Investments: Ryan and Thomas delve into the tax nuances of oil and gas working interests, highlighting the potential for offsetting active income without materially participating. - Navigating Mineral Rights and Royalties: We unravel the tax considerations for investing in mineral rights and royalties, emphasizing how these investments generate ordinary income and how you may be able to use passive losses to offset such income. - Leveraging 1031 Exchanges for Oil & Gas Investments: Our discussion covers how ..read more

In this episode, Ryan and Thomas are joined by Kevin Bupp, an experienced commercial real estate investor, podcast host, and best-selling author of “The Cashflow Investor,” to discuss: - Why Kevin transitioned from residential real estate to mobile homes and parking lots. - The investment dynamics of parking lots and mobile home parks. - The powerful tax benefits of these asset classes, and more! More from Kevin: https://kevinbupp.com/ Register for the BOI Reports Masterclass: https://www.taxsmartinvestors.com/masterclass To become a client, request a consultation from Hall CPA, PLLC at www.th ..read more

In this episode, Ryan and Thomas are joined by Kenny Simpson, an independent residential mortgage broker and podcast host, to discuss: - Key Elements Lenders Evaluate in Your Tax Documents: Insight into how depreciation affects your borrowing power. - Understanding 'Subject-To' Financing: FAQs addressing the due-on-sale clause. - Future of Interest Rates: Kenny's predictions and insights into popular loan products and more. More from Kenny: https://getinthecashflowgame.com/ Register for the March QBO Bootcamp : www.taxsmartinvestors.com/bookkeeping To become a client, request a consultation fr ..read more

In this episode, Ryan and Thomas are joined again by Troy Eckard from Eckard Enterprises for a deep dive into investing in oil & gas. In this episode, we discuss: - Expected returns, cash flow, and why it's critical to have a long-term view when investing in oil & gas. - Capital requirements and alternative options to gain oil & gas exposure. - Stages of the oil & gas pipeline, supply/demand, and other key factors! - Follow-up questions from Troy's first appearance on episode 252 - And much more! If you ever considered investing in oil & gas or are just curious about the as ..read more

Join Ryan and Thomas as they demystify common myths and misconceptions about deducting luxury items, including: - Can investors & influencers write off Rolexes and designer threads? - Are luxury cars like Lamborghinis and G Wagons tax-deductible? We also explore why TikTok isn't the best source for tax advice and highlight the advantages of a one-stop shop that handles tax planning, preparation, and accounting. Join Tax Smart Insiders Today: www.taxsmartinvestors.com/membership To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/become-client Apply to ..read more

In this episode, Ryan and Thomas welcome Tim Wallen, CPA and CEO, along with Rick Reuter, CPA, CGMA, and Controller of MLG Capital, for a deep dive into: - Tim's journey into real estate with MLG and why now is a pivotal time to invest. - The challenges investors face when transferring real estate to the next generation and strategies to minimize taxes in the process. -How funds like MLG's Legacy Fund can minimize income and estate taxes and offer practical solutions to common challenges in tax-deferred investments. If you liked our previous episodes on 721 exchanges, you'll like this one too ..read more