166: Your Biggest Tax Change in Decades with Rich Dad Advisor Tom Wheelwright
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 June 2018
⏱️ 36 minutes
🧾️ Download transcript
Summary
#166: Changes to the 1031 Tax-Deferred Exchange, 27.5 year tax depreciation, the Estate Tax and more are coming. It will affect you as an investor.
Rich Dad Advisor Tom Wheelwright is back with us. He details the winners and losers expected from the most sweeping tax reform that the U.S. is set to experience since 1986.
First, Keith discusses 6.2% national real estate appreciation, and different ways to think about real estate diversification.
Individual tax benefits are going away. Business tax benefits are increasing.
Want more wealth?
1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book
2) Actionable turnkey real estate investing opportunity: GREturnkey.com
3) Read my new, best-selling paperback: getbook.at/7moneymyths
Listen to this week's show and learn:
01:08 Housing prices are up 6.2% year-over-year per Case-Shiller.
03:00 Diversification.
05:18 New construction turnkeys through GREturnkey.com.
09:13 Tom Wheelwright interview begins.
15:12 Depreciation durations are changing to 25 years for both residential and commercial.
15:50 1031 Tax-Deferred Exchange changes to the personal property portion.
18:37 Later, there will be individual tax rate changes.
22:35 More on 1031 Tax-Deferred Exchanges.
23:32 Estate Tax.
27:42 These are the greatest tax changes since 1986.
28:23 Limitation on offsetting your taxable gains with losses.
30:39 I review the basics of tax depreciation on income property.
Resources Mentioned:
Tax Free Wealth Advisor | 866-467-5809
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Get Rich Education is brought to you by Volhollow Wealth and Ridge Lending Group. You're listening to the show that has created more passive income for people than nearly any show in the world. This is the powerful Get Rich Education. Welcome to GRE, Get Rich Education. |
| 0:35.6 | I'm your host, Keith Weinhold, and we're going to be talking with |
| 0:38.7 | Ristad Advisor Tom. We write shortly about the most sweeping tax changes in decades, including |
| 0:45.5 | changes to real estate tax depreciation, changes to the 1031 tax deferred exchange, who the winners |
| 0:51.5 | are going to be, who the losers are going to be, and a lot more. |
| 0:54.6 | And the good news is that the benefits are mostly going up for investors, including |
| 0:59.4 | real estate investors. And I expect to do some learning along with you today myself, as I often |
| 1:05.9 | do when Tom Weir writes here. But first, what's going on with housing prices now that we're here near the end of the |
| 1:12.5 | year? Well, through the latest month ended, all of the top 20 cities, every one of the 20 in the K-Shiller |
| 1:20.1 | Housing Price Index have seen year-over-year increases. And of course, the K-Shiller 20 is truly |
| 1:27.3 | an imperfect index, and it doesn't include |
| 1:30.1 | some of the cash flowing markets that are best, but it is a barometer with some meaning to us here. |
| 1:35.4 | And over the last 12 months, home prices increased 6.2%. So 6.2%, not much different really than the historic normal appreciation rate of real estate. |
| 1:49.1 | And see, it's still underscored by some pretty conservative, responsible lending practices that are prevailing out there. |
| 1:57.0 | So I just love it when it's like this. |
| 2:00.1 | It's not too hot. It's not too cold, although it might |
| 2:02.7 | be pretty hot on the coast with appreciation. And, you know, the borrowers getting the loans, |
| 2:07.2 | they're going to be pretty likely to make their payments. So therefore, if you're leveraged |
| 2:13.1 | four to one on your portfolio, that's right. You've got a 24.8% annual appreciation rate in your |
| 2:21.9 | portfolio, which, as I like to say, is of course one of only five simultaneous profit |
| 2:28.8 | centers that you expect as a leveraged income property investor. That's something to celebrate. |
| 2:35.6 | The chairman of the Index Committee at Kay Schiller there, he says that, quote, most economic indicators suggest that |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Keith Weinhold, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Keith Weinhold and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.