Ep #79 - Tom Wheelwright CPA, author of Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors) discusses the greatest financial benefits to multifamily real estate investing.
Lifetime Cash Flow Through Real Estate Investing
Rod Khleif
4.8 • 1.4K Ratings
🗓️ 12 December 2016
⏱️ 42 minutes
🧾️ Download transcript
Summary
Here’s some of what you will learn:
- The many tax benefits of real estate investing.
- The 2 greatest financial benefits of real estate investing.
- What’s the one thing people are more afraid of in life than death and public speaking?
- Why cost segregation is required by law.
- The only reason people put money in a 401K.
- How to plan for your retirement outside of a qualified plan.
- How to partner with the government to reduce your taxes to zero.
- What is a Like-Kind Exchange?
- The Rules of a 1031 Exchange.
- What is a Qualified Intermediary?
- What is a Reverse 1031 Exchange?
- “Don’t let the tax-tail wag the investing dog.”
- What could happen for real estate and taxes under a Trump Presidency?
- Why leverage is important.
- How Donald Trump gets to zero taxes.
- Book recommendation: Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright CPA (Rich Dad Advisors)
Our Guest
You can learn more about at: Tom Wheelwright at: https://taxfreewealthadvisor.com/
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Recommended Resource
- Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link: http://meetme.so/RodKhleif
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Transcript
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| 0:00.0 | I think the one thing in life that people are more afraid of than death in public speaking is an IRS audit. |
| 0:05.1 | So I'm going to get people a rule, a rule that if they follow this rule, they will never have to lose sleep over an IRS audit. |
| 0:11.2 | And here's the rule and everybody just write this down. |
| 0:13.6 | Welcome! This is the Lifetime Cash Flow through Real Estate Investing Podcast. |
| 0:18.6 | This is where you learn strategies to help you achieve lifetime financial freedom through real estate investment. |
| 0:25.0 | Your host Rod Cleef has owned over 2,000 homes and apartments. |
| 0:30.0 | And he brings experts in all aspects of real estate investment and management onto the show. |
| 0:35.0 | Now here's your host, Rod Cleef. |
| 0:39.0 | Welcome to another edition of how to build lifetime cash flow through real estate investing. |
| 0:43.8 | I'm Rod Cleef and I'm thrilled you're here. |
| 0:46.3 | I know you're going to get incredible value from the gentleman we're interviewing today. |
| 0:49.5 | His name is Tom Wheelwright. |
| 0:51.0 | He's a CPA and I know Tom because I actually have some of his books on my |
| 0:55.7 | library in my library. Tom is author of the bestseller tax-free wealth which I highly |
| 1:01.0 | recommend and tell you a little bit about Tom. |
| 1:04.8 | Tom was selected by Donald Trump to be in his wealth builders program and called Tom |
| 1:09.5 | the best of the best. So that's a huge endorsement and I know Tom has done a lot of |
| 1:14.8 | contribution to Robert Kiosaki and Robert Kiosaki's books. I know he's |
| 1:19.1 | contributed to the real book of real estate. Also contributed to Rich Dad's Success Stories, Who Took My Money, |
| 1:25.4 | Unfair Advantage, and his newest book, Y A Students, Work for C Students. |
| 1:30.0 | So Tom's been around the real estate business his whole life and we're very lucky to have him on the show. |
| 1:34.7 | Tom, I'm thrilled you here, buddy. |
... |
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