WS826: Suburban Commercial Real Estate Secrets with Ash Patel
Play • 23 min

Food for thought — which tenant would be a better value-add for your real estate business? Residential or commercial? Today’s guest believes that residential tenants often destroy your place and commercial tenants actually improve it on their dime. Today we welcome Ash Patel onto the podcast. Ash had a 15-year career in IT then got hit with the real estate bug. He had a pivotal moment that convinced him to focus on nonresidential commercial properties. Ash has since invested in retail, restaurants, strip malls, mixed-use, medical, and office retail space. 

Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 255: Opportunities in Oil for Passive Investors – With Bob Burr
As a passive investors, we understand the importance of building a diverse portfolio. And while multifamily is the best investment on the planet, it doesn’t hurt to explore our options, especially when BIG opportunities present themselves. So, what are the opportunities in oil right now? And how do we choose a project that is likely to succeed? Bob Burr is the driving force behind Burrite, an investment firm that focuses on the acquisition and consolidation of oil and gas properties. A 47-year veteran of oil and energy finance, Bob is dedicated to helping the industry bounce back from the COVID crisis by providing the bridge capital necessary to weather the current economic storm. Bob is currently raising money for the BR Dome property, a project that involves recompleting 247 existing wells with room for 200 more. On this episode of Apartment Building Investing, Bob joins cohost Garrett Lynch and me to explain how he set himself up for buying opportunities when oil prices dropped and share the tax advantages of investing in oil. He walks us through the parallels between multifamily and oil, discussing the importance of putting together an experienced team that can identify and operate value-add projects. Listen in for Bob’s insight on why a passive investor should consider adding oil to their portfolio (even in the Biden era) and find out how YOU can get Bob’s Q&A video by shooting an email to Key Takeaways Bob’s extensive background in the oil business * Started with brother in 1973 * Funding projects through syndication How Bob set himself up for buying opportunities in COVID * People leave business as price of oil went negative * Buy cashflowing wells and wait for cycle to go up Bob’s BR Dome project in Houston * 247 existing wells with room for 200 more * Note offering with interest rate of 10% to 18% What Bob does to attract and maintain a strong team * Take care of people in loving business culture * Make it rule to thank team every day The lessons Bob has learned through many market cycles * Maintain integrity in relationship with partners * Weather storm, make $ when cycle comes back Bob’s insight on buying undervalued assets * Pick cashflowing wells not being run efficiently * Reduce lifting cost to $3.50/barrel How it works to invest in an oil project * Operator leases mineral rights from landowner * Operator and investors get 75% of net revenue Why Bob is optimistic about oil in the Biden administration * Shutdown of fracking doesn’t impact his business * Still make good money at oil price of $25/barrel The parallels between investing in oil and real estate * Make money by adding value with good operator * Tax advantages (write-off up to 90% passive loss) Why a passive investor should add oil to their portfolio * 65% shot at making well from good prospect * BR Dome = 90% shot (cherry pick best spots) How to learn more about investing in Bob’s oil projects * Email * Request Q&A video Connect with Bob Burr Burrite Email for a link to Bob’s Q&A Video Resources Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Bob’s BR Dome Project Brad Simmons at Burrite Justin Burr at Burrite Dale Carnegie Ed Hirs at Burrite Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
36 min
The Remote Real Estate Investor
The Remote Real Estate Investor
The Episode on Advanced Tax Strategies with Amanda Han & Matt MacFarland
Tax season is nigh, that is why we have authors and real estate tax experts, Amana Han & Matt MacFarland join us on this episode to highlight what you need to know to keep as much of your money as possible. Amanda & Matt's website: Suggest a topic for the podcast: --- Transcript Michael: Hey everybody. Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by my co host, Tom Schneider. And we have with us two very special guests, Amanda Han and Matt McFarland authors, CPAs real estate investors extraordinare. They're gonna be talking to us today about all things tax related that real estate investors should be aware of. So let's get into it. Amanda Han, and Matt MacFarland, thank you so much, again, for joining us on the podcast. Really, really appreciate you coming on. Matt: Well, thank you for having us. Amanda: So excited to be here, lots to talk about Michael: Lots and lots and lots of talk about so I want to be very respectful of your time. So before we get into it, I would love Love, love. If you could both give us a little bit of background on yourselves a little brief introduction of who you are and how you got started in real estate and tax. You both have been guests on numerous other podcasts including the bigger pockets podcast, so floor is yours. Amanda: Yeah, I guess I'll go first. So my name is Amanda. I tell people's I'm the third generation of real estate investors in my family. My grandparents had real estate investing, my parents dabbled in it. But I was never taught to do real estate investing. I think like a lot of people I was taught to just go to school get a good job. And it wasn't until several years after I worked as a CPA for real estate investors that I realized that you know, real estate is such a great tool to wealth building and to tax savings. So that's where kind of Matt and I got started in real estate Matt: Yeah I'm Matt MacFarland and I married well! Yeah. But yeah, our practice focus on real estate investors, it's kind of where we got our start and what we like and what we understand, and we don't focus on, you know, manufacturing clients or retail clients, just because that's not what we know. So I've been doing it over 20 years now. And Amanda is close to that as well. And so probably 80 90% of our clients are real estate investors. So it's, it's always fun stuff to talk about. Michael: So that was your family also involved in real estate, or how did you get involved in that space? Matt: You know, my parents did a little bit of it back in the 80s, when it was kind of you know, everybody in their mother could invest and get right off skin before they change the tax code. But we kind of got into it through the job. You know, I remember like, my mama was working on some of these taxes, who was probably in his 60s, and he was retired and he was making, you know, like six figures in cash flow. And it's like, Okay, this is, this is what we got to do, you know, so that was kind of how I got turned on. Yeah. Amanda: Yeah, it's so interesting, because, you know, for me, for both of us, even though we worked in taxes, you know, that was our profession is to do tax planning and tax strategies for for investors. And for me, specifically, growing up in a family who was, you know, fairly extensively involved in real estate, we never put the two to two together, you know, and for years, we just kind of went to work that our thing, never thought that maybe we might do real estate for ourselves, you know, until we read Robert Kiyosaki his book, Rich Dad, Poor Dad. So it took us just, you know, reading a book, not about taxes to really apply that to our own situation. Tom: I was curious, you know, you said like a third generation, what kind of investing did your parents do and your grandparents? Who is it all kind of similar residential real estate? Or what type of real estate investing did they do? Amanda: Yeah, all sorts. So I think my grandparents, I'm from Taiwan originally, so my grandparents, they were business owners who, you know, also bought the underlying real estate, which ended up being kind of a very, almost like, you know, Time Square type of a property back in Taiwan. And when they first immigrated to the US, they dabbled in land, you know, which is different, right? No, no rental stuff. But if you guys follow the real estate of Vegas, those have appreciated so much, right, like all various parts of the US. And then yeah, you know, just single families, condos and things like that. So I think like a lot of real estate investors, you kind of start out with one type, but you end up expanding into different types of real estate as well. Michael: Okay, so I would love to dive into the meat and potatoes of the subject here. And if you could give us a little bit of insight into how real estate is taxed, and whether or not that's different than somebody's earned income, and shed a little bit of light on kind of the high level tax picture, that is real estate. Amanda: That's a really great question. I think there's a misconception about that, that real estate has a different tax rate. But the reality is a real estate is actually taxed at ordinary income tax rate, which is the same rate as your W2 and other income. Okay. So, uh, rate wise, you know, you don't get any lower tax rate or preferential rate. But the benefit of being a real estate investor, though, is that we are afforded with a lot of write offs. So when you hear people talk about, hey, the tax code is filled with loopholes and write offs for business owners that really Is the Golden Nugget because real estate also falls under the category of business owner. So when you're a landlord, when you own rental properties, you you are able to utilize those same tax write offs as business owners do. Yeah, I mean, it's actually incentivizing you to build a business invest in real estate. And so that's the key that they're they're given these incentives that you know, you can make the money but with some of the write offs, you get, like depreciation and things like that you can kind of shelter, you know, some or a lot of that cash flow that you're making from, you know, buy and hold property, for example. Amanda: Yeah. Michael: So, Matt, you when you talk about business, and having a real estate investing business, you know, I don't have an LLC. So do I need to have one in order to qualify for these business deductions or to be considered from a taxation standpoint as being a real estate? Or is having a running a real estate business? Amanda: Yeah, I love that question. Because that is always naturally the question that follows when we talk about, you know, the business deductions. And that is such a misconception in that a lot of investors are told that they need to have an LLC or a corporation in order to take tax write offs. And, you know, unfortunately, it's something that we see every day when we meet new investors is like, Oh, I'm sorry, I love your podcast, but I don't have an LLC. And that is not correct at all. Basically, if you are a landlord, right, meaning you own rentals, or if you're a flipper, or wholesaler, you are able to use these business write offs, whether or not you hold your rentals in a legal entity. So as an example, if you know, Michael, you have a property on Main Street, that's a rental property, you can take a tax deduction, you know, write off part of your home office, part of your car expenses, certain business meals, travel costs, you can write those off, regardless of whether that Main Street property is held in your personal name, or inside of a legal entity. So IRS actually doesn't really care who holds the real estate, what they care about is that they expense is actually necessary or reasonable for you as a landlord, your landlord, your rentals, is it reasonable to say that y…
41 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 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: Compound Interest Video: *** 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 - What Would Billionaires Do - Connect with Garrett: Facebook: Twitter: Instagram: LinkedIn: Website:
38 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:
22 min
Jake and Gino Podcast
Jake and Gino Podcast
Jake & Gino
MFZ - Fixed Mindset Vs. Growth Mindset
Julia & Gino dive into the book Mindset, by Carol Dweck, and share their personal stories of when they exhibited a fixed mindset and a growth mindset. They begin the show by discussing the fixed mindset, the mindset that feels the need to prove themselves, that is ego driven and takes failure personally. The fixed mindset individual tends to become less active and involved when they become depressed. People who consider their personal qualities unchangeable have a fixed mindset. The belief that skills, intellect and talent are unchangeable live in this mindset. FInally, the fixed mindset does not take responsibility for their lives. It’s always someone’s fault, or it’s the situation that is holding them back. On the other hand, the people who think they can improve or change their personality traits over time have a "growth mindset." The belief that skills, intellect and talent can be developed through practice and perseverance. They are responsibility junkies, and are not worried about how they are perceived, and their motivation is in constant improvement. The couple give examples of famous people who exhibit both mindsets, and show how the growth mindset led more to happiness and fulfillment. They discuss how one can begin to adopt a growth mindset by: * Learn new skills. * Life coaching. * Don’t focus on self. * Have a desire to learn. * Surround yourself with growth mindset individuals. The couple also discuss how a fixed mindset can destroy relationships and communication amongst couples, and can strain business relationships as well. Choose NOW to begin adopting a growth mindset!
43 min
Creating Wealth Real Estate Investing
Creating Wealth Real Estate Investing
Jason Hartman
1648: Housing Prices High/Low? STRLegends, Eric Moeller, Drive-In Markets are Thriving Markets!
Survive and thrive in today's economy! With over 1,100 episodes in this Monday - Friday podcast, business and investment guru Jason Hartman interviews top-tier guests, bestselling authors and financial experts including; Steve Forbes (Freedom Manifesto), Tomas Sowell (Housing Boom and Bust), Noam Chomsky (Manufacturing Consent), Jenny Craig (Health & Fitness CEO), Jim Cramer (Mad Money), Harvey Mackay (Swim With The Sharks & Get Your Foot in the Door), Todd Akin (Former US Congressman), William D. Cohan ( The Price of Silence, The Last Tycoon, & House of Cards), G. Edward Griffin (The Creature from Jekyll Island), Daniel Pink (National Geographic). Jason Hartman is the Founder and CEO of Platinum Properties Investor Network, The Hartman Media Company, and The Jason Hartman Foundation. Starting with very little, Jason, while still in college at the age of 19, embarked on a career in real estate while brokering properties for clients, he was investing in he own portfolio along the way. Through creativity, persistence and hard work, he soon joined the ranks of the top one-percent of Realtors in the U.S. and in quick succession; earned a number of prestigious industry awards and became a young multi-millionaire. Jason purchased an Irvine, California real estate brokerage firm which he expanded dramatically and was later acquired by Coldwell Banker. He combined his dedication and business talents to become a successful entrepreneur, public speaker, author, and media personality. Over the years he developed his Complete Solution for Real Estate Investors™ where his innovative firm educates and assists investors in acquiring prudent investments nationwide for their portfolio. Jason’s highly sought after educational events, speaking engagements, and his ultra-hot “Creating Wealth Podcast” inspire and empower hundreds of thousands of people in 26 countries worldwide. Additional guests featured on the Creating Wealth podcast include Robert Kiyosaki (RIch Dad Poor Dad), Matthew Quirk (The 500 & The Directive), Eve Wright (Life at the Speed of Passion), John Lawrence Allen (Make Wall Street Pay You Back), Jerry Robinson (Bankruptcy in Our Nation), Peter Zeihan (The Accidental Superpower), David Crowe (National Association of Homebuilders NAHB), Consuelo Mack (PBS - Wealth Track), Sean Haugh (Libertarian Candidate for the US Senate), Scott Paul (Alliance for American Manufacturing), Charles Goyette (Ron Paul's America Show), Chris Martenson (Crash Course), Matt Theriault (Epic Real Estate Investing), Christopher Barnatt (The Future of 3D Printing), Zac Bissonnette (Good Advice From Bad People), Rich Karlgaard (Forbes Magazine). Chris Mayer (Agora Financial), Craig R. Smith (The Great Withdrawal), Po Bronson (The Science of Winning & Losing), Jim Stossel (Why Government Fails), John McAfee (Founder of McAfee Anti-Virus Software) Harry Dent (The Great Depression Ahead), Kevin Armstrong (Bulls, Birdies, Bogeys, and Bears), Nick Bilton (Hatching Twitter), Tom Kreautler (The Money Pit), Doug Brunt (Ghosts of Manhattan), Catherine McBreen (Get Rich, Stay Rich, Pass it On), Les Leopold (How to Make a Million Dollars an Hour), Robert Greene (Mastery, Power, & Seduction), Byron Dorgan (Gridlock), Dennis Miller (Retirement Reboot), George Gilder (Knowledge & Power), Jed Kolko (Tulia), Dr. Judith Wright (The Soft Addiction Solution), Richard Duncan (The New Depression), Dave Krieger (Clouded Titles), Bill Ayers (Confessions of an American Dissident), Dr. H. Woody Block (American Gridlock), Steven Kotler (Abundance), Laurence Kotlikoff (The Clash of Generations), Greg Farrell (Crash of the Titans), Shaun Rein (The End of Cheap China), Ken Gronbach (The Age Curve), Amity Shlaes (The Forgotten Man), Roger Lowenstein (The End of Wall Street), Jay Elliot (The Steve Jobs Way), Richard Duncan (The Dollar Crisis & The Corruption of Capitalism), Robert Wiedemer (Aftershock), and Steve Slaunwhite (The Wealthy Freelancer). A trademark feature of Hartman Media p
48 min
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