Are You Preparing Yourself For Future Tax Reform?
Jake & Gino: Real Estate Investing & Multifamily
Jake & Gino
4.9 • 842 Ratings
🗓️ 26 May 2021
⏱️ 5 minutes
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| 0:00.0 | Hey everybody. Jake and Gino here, and we have a serious question today. And that question is, |
| 0:11.8 | are you prepared for the future tax reforms that are coming down the line? Gino, can you ever be prepared? |
| 0:18.5 | Jake, I'm going to say this. I want everyone to hear this. |
| 0:21.4 | I've got six kids. |
| 0:22.8 | I rarely promise anything to my children. |
| 0:26.1 | I've learned that. |
| 0:27.3 | No promises. |
| 0:28.6 | But there is one promise I'm going to make to everyone listening to this. |
| 0:31.6 | I will promise you with $6 trillion of additional money being printed and thrown into this economy, |
| 0:37.9 | guess what? |
| 0:38.9 | Taxes are going up, baby. |
| 0:42.3 | Unfortunately, it seems to be the case. |
| 0:44.8 | And there are three specific proposals right now that are on the table for real estate investors. |
| 0:51.1 | So let's get into those. |
| 0:52.6 | Three that I'm scared of of to be honest with you. |
| 0:55.2 | Number one, the most obvious. Capital gains. Everyone sees it. Capital gains could be going up |
| 1:00.5 | somewhere in the ballpark of 40%. Do you know, hey, I'm not a math petition, but to me, |
| 1:05.2 | that sounds like 100% increase from where the current levels are, right? And Jake, this is an |
| 1:08.8 | opportunity for all your real estate investors out there because there may be people out there that are saying, you know what? |
| 1:14.7 | I got to sell my deal before capital gains goes up. And what do you need? You need liquidity. |
| 1:20.2 | That's why the dual asset strategy is so powerful. We need liquidity out there when there's |
| 1:24.0 | an opportunity to get there because we're seeing a lot of deal flow in the last couple weeks and we're thinking that wow people are really preparing themselves |
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