meta_pixel
Tapesearch Logo
Log in
Docs Outside The Box

199 - DRS – How to get your biz to pay for your Tesla!

Docs Outside The Box

Dr. Nii Darko

Career, Education, Doctor, Medicine, Careers, Job, Business, Health & Fitness, Finance, Investing, Premed, Black, Money, Lifestyle, Mindset

4.9516 Ratings

🗓️ 27 November 2020

⏱️ 55 minutes

🧾️ Download transcript

Summary

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show! Yes, that’s right. Business owners are using loop holes in the tax system to get significant benefits all the time. If you’re looking to start in real estate or already are knee deep in, then this is the episode for you. We’re bringing back Dr. Kenji and Leti from Semi-RetiredMD to talk about the popular topics of Real Estate Professional Status (REPS), and should you start a LLC for your real estate prope...

Transcript

Click on a timestamp to play from that location

0:00.0

What's good, everyone. Before we start the episode, I want to share with you a unique financial strategy that savvy docs are using to purchase real estate.

0:16.9

Now, even if you are starting with single family homes, or you might even be in the big leagues trying to get 20, 50, or even 100 unit complexes, this strategy might be for you.

0:28.5

Other benefits are it can help you grow your wealth tax-free, and it also protects you from the bad guys.

0:34.0

I'm talking about the creditors and the lawsuits.

0:36.5

Now, I took the time to learn about how

0:38.5

this strategy works, and I think it can help you optimize your investing also. I want you to

0:43.4

check out Money Insights.net, forward slash darko, and click on the investment optimizer link to learn

0:51.3

more.

0:55.5

What's good, everyone. This is Dr. Ney. Thank you for tuning in. Now, listen, I know you saw

1:00.5

the title and you're like, oh man, this is just clickbait. This can't be real. But people

1:05.3

are doing this on a daily basis. They are using their business to purchase a car for themselves.

1:10.6

You could decide what type of car you wanted to be, but I just happen to put a Tesla because that's what our guests, Dr. Kenji and Dr. Lettie, are doing with their business, right? Now, that's not the end goal is to be able to have your business pay for your car, but it's really important to know that you can do that. And they're going to be coming on the show,

1:31.8

and we're going to be talking about some of the tax loopholes, some of the other benefits that you can have with using real estate as a means of income for yourself. Now, before we go and

1:38.8

move forward, I want to just put out the disclaimer that any action that you take based off in this show,

1:45.0

make sure you clear it with your tax professional first. We are not tax professionals. So make

1:50.6

sure you clear it with your tax professional first. I do not want the IRS coming after me.

1:55.7

So make sure you talk to your people's first. All right. Now, Dr. Kenji and Dr. Lettie, they are coming on the show to talk about real estate professional status, which you've heard a little bit about in the past, but we're going to talk about it in a very clear, succinct way. We're going to talk about why you should consider opening up an LLC for your business. We're going to be talking about the pride and ownership. We're going to be talking

2:18.4

about a lot of different things. And if you've been following this Darko real estate series for

2:22.7

some time, you know that we've been starting off. Me and Renee have been starting off with

2:26.5

zero knowledge, sometimes even negative knowledge. And we are right now trying to solidify

2:32.4

closing on a six-unit property. And we're doing that using the zero to

2:37.8

freedom course that Dr. Kenji and Dr. Lettie created. And we're using that because we feel like

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Dr. Nii Darko, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Dr. Nii Darko and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.