Wholesaling Inc
Wholesaling Inc
Jan 25, 2021
WIP 609: The Fastest and Easiest Way to Make a Fortune in Real Estate Right Now!
Play • 32 min

If you have heard the first few episodes this week, it’s likely that you already have an idea how today’s guest amassed a fortune in real estate. In this episode, Lauren Hardy talked to the brilliant coach of “Land Sharks,” Brent Bowers.

Brent is Wholesaling Inc’s newest coach and he specializes in land deals. A self-confessed practicing land investor, he shared how his real estate journey started, the exit strategies he focuses on, and the primary reasons he loves doing land deals.

You’ll learn more about Brent and his land investing journey in this episode so don’t miss it!

RESOURCES:

Credit Repair Business Secrets
Credit Repair Business Secrets
Daniel Rosen
5 Simple Steps to Identity Theft Resolution
Did you know that ID theft is the fastest-growing crime worldwide? Last year, 33% of adults in the United States experienced identity theft which is more than twice the global average! As a Credit Hero, you’ll run into folks that have accounts show up on their credit reports that don’t belong to them. The fraudulent accounts are usually credit cards but, lately, identity thieves are getting more creative! They may open all types of loans in your name, finance vehicles, and chop ‘em up for parts, or they could file your taxes and steal your tax refund. And they can even get medical procedures under your identity so you get stuck with the bill! When thieves get their dirty little hands on your personal information and assume your identity, the damage they can do is limitless. That is why today, I’m going to let you know how you can help your clients clear these issues from their credit reports once and for all! So stick around! Key Takeaways for This Week: * Some worrying statistics about identity theft (0:44) * One of the most harrowing identity theft stories I’ve heard (2:13) * 5 steps to removing identity theft issues from a credit report (4:43) * How to reach out to the bureaus about identity theft (8:17) * What to expect after completing these 5 steps? (10:14) Additional Resources: * Get a free trial to Credit Repair Cloud * Sign up for the Credit Hero Challenge Make sure to subscribe so you stay up to date with our latest episodes!
15 min
Anderson Business Advisors Podcast
Anderson Business Advisors Podcast
AndersonAdvisors.com
Tax Tuesday with Toby Mathis 02-16-2021
It’s never a good idea to gift things to somebody. Instead, make them work for it. Take care of yourself, your family, and your taxes. Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: * How do I gift my son a fully depreciated rental property without causing a tax consequence? Typically, gifts do not cause tax consequences; however, it is not always wise to do so * We are considering purchasing a vehicle, which will be used about probably 75% of the time for our real estate business. Should we purchase it in the LLC (an S Corp) or personally? What are the advantages and disadvantages of both? Consider liability, tax consequences, cost factor, and value of vehicle; unless it’s a maintenance or utility vehicle, put it in your personal name and get reimbursed for the mileage because commercial insurance is much more expensive * Excluding the 1031 Exchange, is there any way to legally avoid paying depreciation recapture tax when you sell a rental property? Don’t have a gain on your sale * I have several vendors refusing to give me their W-9, and I have to threaten to withhold payments. When should I collect and not collect W-9? Vendors need to complete the W-9, but you are not required to issue them 1099s—although you should anyway * Can we sell our home on an installment sale to an Intentionally Defective Grantor Trust (IDGT) and then lease it back? And at the same time, have the depreciation and other costs flow to our return because of IDGT taxation rules? IDGT is an irrevocable trust that is not actually irrevocable because of adding ‘Grantor’ wording to make it intentionally defective for tax purposes For all questions/answers discussed, sign up to be a Platinum member to view the replay! Go to iTunes to leave a review of the Tax Tuesday podcast. Resources: Tax and Asset Protection Workshop (Free 1-Day Virtual Event on Feb. 27) http://aba.link/TAP227 Wills and Trusts https://andersonadvisors.com/living_trusts/ MileIQ https://www.mileiq.com/ Real Estate Professional Requirements https://www.irs.gov/pub/irs-utl/33-Real Estate Professionals.pdf Doing Business As (DBA) https://www.entrepreneur.com/encyclopedia/doing-business-as-dba Entity Formation https://andersonadvisors.com/entity_formation/ 1031 Exchange https://www.irs.gov/pub/irs-news/fs-08-18.pdf Bonus Depreciation https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act Depreciation Recapture https://www.investopedia.com/terms/d/depreciationrecapture.asp Form W-9 https://www.irs.gov/forms-pubs/about-form-w-9 Intentionally Defective Grantor Trust (IDGT) https://www.investopedia.com/terms/i/igdt.asp Section 121 Exclusion https://www.irs.gov/taxtopics/tc701 FHA Loan Requirements https://www.fha.com/fha_loan_requirements Capital Gains and Losses https://www.irs.gov/newsroom/capital-gains-and-losses-10-helpful-facts-to-know-0 Form 1099 https://www.irs.gov/forms-pubs/about-form-1099-misc Retirement Plans https://andersonadvisors.com/retirement_plan/ Self-Directed IRA (SDIRA) https://www.investopedia.com/terms/s/self-directed-ira.asp Unrelated Business Income Tax (UBIT) https://www.irs.gov/charities-non-profits/unrelated-business-income-tax Conservation Easements https://www.conservationeasement.us/what-is-a-conservation-easement/ Solar Investment Tax Credit (ITC) https://www.seia.org/initiatives/solar-investment-tax-credit-itc#:~:text=Quick%20facts,large%2Dscale%20utility%20solar%20farms. Taxpayer Certainty and Disaster Tax Relief Act of 2020 https://www.finance.senate.gov/download/section-by-section_-taxpayer-certainty-and-disaster-tax-relief-act-of-2020 Step-Up in Basis https://www.investopedia.com/terms/s/stepupinbasis.asp#:~:text=A%20step%2Dup%20in%20basis%20is%20the%20readjustment%20of%20the,for%20tax%20purposes%20upon%20inheritance.&text=The%20asset%20receives%20a%20step,of%20property%20transferred%20at%20death. CARES Act https://www.congress.gov/116/bills/hr748/BILLS-116hr748enr.pdf Charitable Organizations https://www.irs.gov/charities-non-profits/charitable-organizations Opportunity Zones https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions Rollovers as Business Start-Ups (ROBS) https://www.irs.gov/retirement-plans/rollovers-as-business-start-ups-compliance-project Toby Mathis http://tobymathis.com/about-toby-mathis/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors Events https://andersonadvisors.com/all-events/ Events@andersonadvisors.com Anderson Advisors Tax and Asset Protection Workshop https://andersonadvisors.com/asset-protection/ Anderson Advisors Tax-Wise Workshop https://andersonadvisors.com/tax-wise-workshop-for-businesses-investors/ Anderson Advisors Infinity Investing Workshop https://andersonadvisors.com/investing-workshop-passive-income-generating-machine/ Anderson Advisors on YouTube https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ Anderson Advisors on Facebook https://www.facebook.com/AndersonBusinessAdvisors/ Anderson Advisors Podcast https://andersonadvisors.com/podcast/
1 hr 9 min
The Ninja Selling Podcast
The Ninja Selling Podcast
Garrett Frey and Matt Bonelli
We Control the Process, They Control the Decisions
Some interesting buyer scenarios are beginning to pop up, and Matt and Garrett have chosen one in particular to examine today. Given the low level of visible inventory these days, they are hearing about realtors who are putting themselves into the position of making decisions for buyers by indicating that they are paying too much for their property. This is a situation that really needs to be addressed, and our hosts do so by giving a clear warning about the dangers of this practice. They begin by defining fair market value and reviewing the dangers of installing limiting beliefs in buyers and trying to predict the future. Determining what is ‘too much’, the value of staying on the process side of things, supplying all the information for buyers to make their own decision, and how buying a home is different from buying mayonnaise regardless of the brand you feel is the best, are all discussed as well. Matt and Garrett finish up by exploring the intrinsic value that a house may have for buyers, the best way to protect your clients, and the potential buyer’s remorse and reverse buyer’s remorse that realtors can be generating by making decisions for their clients. There are no two ways about it, the role of the realtor is not to make decisions for buyers – you’re headed for a world of trouble when you start down that road. Instead, ensure that you provide all the information for the buyer to make their decision on fulfilling their dreams, and in the end, you’ll both be much happier. Episode Highlights: * Defining fair market value * Installing limiting beliefs in buyers * Predicting the future * “How do we determine what’s too much?” * Covering yourself by staying on the ‘process side’ * Supplying all the information to allow them to make their decision * How homes are different from even the best mayonnaise * Intrinsic value * Protecting your clients * Buyer’s remorse and reverse buyer’s remorse Quotes: “Let the market do the talking.” “We’re literally installing limiting beliefs in our buyers, and I have a problem with that.” “You could squash some dreams potentially, and I don’t want to put us into a position to do that.” “It’s not for us to make the decision on…it’s about giving them enough information so they can make decisions for themselves – that’s what your role is.” “We can’t tell them what to do.” “Building costs are going through the roof!” “You could be scaring them into a much scarier situation.” “Every single piece of property is unique.” “Only they can determine what that’s worth to them.” “If anybody says they can predict what the real estate’s going to look like in the future, they’re lying to you.” “We have to be careful what we’re saying as realtors.” “If you are worried about them, give them more information.” “You have just lit buyer’s remorse on fire.” “At the end of the day, they’ll be a lot happier if they’re the one making the final decisions either way.” “The plus side is you don’t get blamed.” “We’re here to serve, we’re not here to decide.” Links: www.TheNinjaSellingPodcast.com Email us at TSW@TheNinjaSellingPodcast.com Ninja Selling www.NinjaSelling.com @ninjasellingofficial Ninja Coaching: www.NinjaCoaching.com @ninja.coaching Garrett garrett@ninjacoaching.com @ninjaredding Matt matt@ninjacoaching.com @matthewjbonelli Settling Wilmington’s Great Mayo Divide: Duke’s vs. Hellmann’s
28 min
Real Wealth Show:
Real Estate Investing Podcast
Real Wealth Show: Real Estate Investing Podcast
Kathy Fettke - Real Wealth Network
Real Estate Investing: Raising Money Through Real Estate for Yourself and for Charity (Audio)
Building wealth is something that we do for ourselves and our family, and for some, it’s also a way to “give back” to people in need. In today’s episode, we’ll hear from someone who started his real estate career so he could raise enough money to help orphans around the world, as well as his family. He’s truly a good, good soul. If you think investors are more self-serving than that, this interview might change your mind. Our guest, Whitney Sewell, became a federal agent after serving in the military at a very young age. When he got married, he and his wife, Chelsea, decided to adopt at-risk children but realized they needed more time and money to fulfill their charitable dreams. Whitney had heard that other people could build wealth through real estate, so he thought he could too. He and his wife bought two triplexes. They also lost a lot of money on those initial investments but learned a lot, as well. Today, they personally own more than 250 units and their company, Life Bridge Capital, has invested in more than 900 doors worth more than $120 million. Inspired by their desire to help orphans and their families, the Sewells founded the Life Bridge Foundation, and donate 50% of their profits to the foundation. Whitney is also the host of the Real Estate Syndication Show. Links: www.RealWealthShow.com https://lifebridgecapital.com/ https://lifebridgecapital.com/podcast/
22 min
Wealth Labs with Garrett Gunderson
Wealth Labs with Garrett Gunderson
Garrett Gunderson
160. Paying off your mortgage early - Answering Your Questions / Ask The Money Nerds
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode! In this episode of Ask the Money Nerds, Garrett and Amanda respond to YOUR comments from a previous video about paying off your mortgage. People are FIRED up about mortgages! Should you pay them off? And if you don't are you making the right choice? Today's Ask the Money Nerds episode is going to be a little different as we look at some of the comments from an older video where I talked about how paying off your mortgage early can destroy your finances. You can find the video where the comments came from here: https://youtu.be/8UQmqi9zj4w Compound Interest Video: https://www.youtube.com/watch?v=M6MG9cbgh6c&t=202s *** If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews! Check Out Garrett's Books: Killing Sacred Cows - https://amzn.to/2lMbX1i What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book Connect with Garrett: Facebook: https://www.facebook.com/garrettbgunderson Twitter: https://twitter.com/GBGunderson Instagram: https://www.instagram.com/garrettbgunderson LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/ Website: https://wealthfactory.com/
38 min
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