577: Cutting Your Tax Bill, Investing in Different Markets, & "Investor Pressure" | Coaching Calls

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 1 March 2022

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with success? These are just a few of the questions that live listeners asked top real estate agent, investor, and BiggerPockets Podcast host, David Greene. As per usual, David uses this coaching call as a way to answer questions from rookies and experienced investors, without any preparation. You’ll get to hear firsthand how David answers questions like how to find your real estate tax expert, should you focus on one market or expand into multiple, what are the best real estate books to develop an “investor mindset”, and how do 1099 workers find financing? Regardless of the stage of real estate investing you’re in, all of these questions can help you develop your investing muscle so you can crush bigger deals and keep more of your hard-earned profit. Have you heard of a real estate investing topic that you want David to go into more detail about? Is there a specific question you want answered by an industry expert? If so, be sure to follow David on Instagram (@davidgreene24) to see whenever he goes live for a Q&A session. Or record your question and submit it here! In This Episode We Cover: Accelerated depreciation and using it to substantially lower your tax bill Finding a real-estate specific CPA that allows you to do more with your current portfolio The pros and cons of investing in different markets and the strategies for each Developing your investor mindset and having the courage to act when opportunities present themselves Dealing with the pressure and stress that comes with investing and leading teams How to finance real estate investments without having W2 income And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators Submit your Question for an upcoming Seeing Greene episode! Biggerpockets Pro Membership David Greene's Real Estate Team BiggerPockets Ask your Questions Live BiggerPockets Podcast Biggerpockets Youtube Channel Brandon's BiggerPockets Profile The Dark Knight Rises BiggerPockets Money Podcast Blackstone Zillow David's One Brokerage BiggerPockets Real Estate Podcast on iTunes Check the full show notes here: https://biggerpockets.com/show577 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, show 577.
0:04.6	With thinking that the world owes you, that other people are supposed to supply your dream
0:10.1	that someone else needs to make software that shows you what deal to buy, and instead
0:14.2	focus on bringing value to the world.
0:16.7	Get so good at something which everyone will get good at something if they have a natural
0:20.8	aptitude for it and they just continue doing it for a really long time.
0:31.3	What's going on everyone?
0:32.3	It is your host of the Bigger Pockets Podcast, David Green here today with an amazing episode
0:37.9	where we interview several people just like you who bring me their real estate related
0:43.1	questions.
0:44.1	Now these are live coaching calls where people go back and forth sharing their fears,
0:48.4	their strategies, and most of all where they are stuck.
0:51.8	We get some really good questions today, many of which have to do with different aspects
0:56.1	of real estate like Burr Investing where one of our guests asked the question of should
1:00.2	I be investing in a specific market where property taxes are higher and I don't see
1:04.4	as much appreciation as well as how we can save in taxes which is a huge one by becoming
1:10.7	a real estate professional or just investing in a lot of real estate.
1:14.1	We also talk if you should be investing out of state or in state and when it's appropriate
1:18.1	to do both.
1:19.1	We have a really good conversation about someone who wants to invest in a more expensive market
1:23.2	but also wants to identify an out of state market which I thought was a really good conversation
1:28.0	about how do you strategy so that you could win using both of those markets.
	...

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