378: Happy New Fear: RV Ratios, Property & Crypto Taxes with Tom Wheelwright
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 3 January 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
With higher property prices, what rent-to-value ratio makes sense today? I answer this thoroughly.
Lower RVs make sense today due to: lower interest rates, new-build properties, the timing of equity harvesting and more.
GRE Marketplace is coming soon.
Tom Wheelwright joins us to help you reduce your property tax and cryptocurrency tax.
Learn why some states have higher property tax than income tax or vice versa - CA, TX, NY, NJ, AK, and more.
Many property tax professionals only get paid based on how much they reduce your property tax.
Learn what works in actually getting your property tax reduced: comparables.
In cryptocurrency, you are taxed on either a sale or an exchange - not just a sale. For example, if you trade bitcoin for ethereum, you have a tax consequence.
If you buy a $3 cup of coffee with crypto, that is usually taxed.
Miners of crypto are taxed when they mine it, not only when they sell it.
Crypto is taxed at capital gains tax rates.
Tom does not believe that crypto will be outlawed in the US. Rather, it will be regulated through taxation and reporting.
Get our free wealth-building “Don’t Quit Your Daydream” Letter. I write it myself: www.GetRichEducation.com/Letter
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Winehold for a rental property to make sense for you to buy. |
| 0:06.9 | What should the rent-to-value ratio be today? Then is it Happy New Year or Happy New Fear? |
| 0:13.5 | Tom Will Wright joins me to discuss new taxes, property taxes, and just how onerous cryptocurrency taxes are today on Get Rich Education. |
| 0:25.6 | Checkbook IRAs have been ruled illegal by the U.S. Tax Court, with contribution limits 10 times with traditional and Roth IRAs allow, |
| 0:33.7 | get total control of all of your IRA funds without paying the nasty Ubit tax with the |
| 0:38.5 | retirement plan answer left standing, the EQRP. |
| 0:42.5 | You can invest your retirement funds in real estate, gold, Bitcoin, and even your own |
| 0:46.8 | business. |
| 0:47.5 | This works whether you're a solopreneur or have up to 50 employees. |
| 0:51.7 | Learn more about getting started. |
| 0:53.1 | Text EQRP in all caps to 72,000. |
| 0:58.1 | The annual Spartan Summit is on. I was the kickoff speaker at the last event. This year, they |
| 1:03.9 | are back in person, and the keynote speaker is none other than Shark Tank's Damon John. Learn from |
| 1:09.6 | industry experts on real estate, tax |
| 1:11.7 | strategy, lending, and entrepreneurship. You'll also get to tour tangible turnkey income property |
| 1:17.4 | in growing Alabama markets. It's coming February 16th to 18th in Birmingham, Alabama. |
| 1:23.8 | Get your ticket or learn more at Spartaninvest.com today. |
| 1:30.4 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:37.8 | This is Get Rich Education. |
| 1:42.8 | Music Education. |
| 1:58.6 | Welcome to GRE from Ashland, Virginia to Ashland, Oregon, and across 188 nations worldwide, |
| 2:00.8 | you're listening to one of America's longest running and most listen to real estate investing shows. This is Get Rich Education. I'm your host Keith Winehold. A common |
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