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Ken McElroy Show

Do you need to pay your rent or mortgage payment?

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 13 April 2020

⏱️ 19 minutes

🧾️ Download transcript

Summary

Join Ken McElroy as he talks with CPA and tax advisor Eric Freeman about the latest information on the economic relief package. Eric is a Tax Senior Manager for BeachFleischman PC and has been with the firm for 7 years. You can reach Eric the BeachFleischman.com website.Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Real Estate Strategies Podcast. I'm Ken McRoy and I'm here to give you creative ideas on how you can get started or continue your journey in real estate.

0:10.8

Each week we will bring you inspiring and informative conversations with successful people and their path to obtaining or investing in real estate.

0:19.9

Enjoy the episode.

0:23.1

Hey everybody. It's Ken. I think some of you might have seen Eric Freeman on our show before.

0:28.5

Welcome, Eric. Thank you. Happy to be back and get more information out there. Yeah, there's a lot

0:33.4

of confusion right now. And so as you guys know, Eric's a CPA. He has his master's in accounting.

0:40.5

His firm Beach Fleshman does our tax returns. Most of them, we have what over 100 I think that

0:48.2

you do, right? Yeah, you keep us busy. Yeah, yeah. So our firm, we do about 100 tax returns with all our different real estate

0:56.5

deals and our land deals and all that kind of stuff. And we meet with them quarterly. And by the way,

1:00.5

if you guys don't do this, you really should. We meet with Eric in face to face. Well, maybe not now,

1:05.6

but quarterly. And we go over our tax planning and it's a, you know, it's a, it's a very important day.

1:13.2

We make a lot of tax moves that, um, but honestly, I, I, you know, I would never know about,

1:19.8

you know, Eric spends his time, you know, educating his clients and, and making those moves.

1:25.0

But for today, Eric, what I wanted to talk about was this big confusion,

1:30.4

you know, over rent or mortgages. And like, do people need to pay their rent and their mortgages?

1:36.4

Because, you know, as you know, we have 7,000 residents and they, you know, living in all our

1:42.5

apartments. And I've been talking to all my friends

1:44.9

you know they own commercial and they won't they own office they own retail they own industrial

1:49.1

and and there's all this confusion on the mortgage side and on the red side right right yeah it's a

1:56.9

great it's a great question because there's so much misinformation potentially going on out there so first it's a great it's a great question because there's so much misinformation potentially going on out

2:02.4

there so first it's important to understand that a lot of what's coming out as far as the rent

2:08.8

and mortgages the purpose is to assist people that can't otherwise make their payments because of

...

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