ENCORE: The Business of Real Estate - Developing Your Wealth Strategy

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

Robertkiyosaki, Realestateinvestors, Realestateguys, Realestateinvesting, Syndication, Investors, Richdad, Realestateguysradio, Business, Investing, Realestate

4.7 • 696 Ratings

🗓️ 14 February 2011

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

CPA Tom Wheelwright is a Rich Dad Advisor to best selling author Robert Kiyosaki. Since it’s that time of year when millions of U.S. citizens are dutifully preparing their taxes - and wondering if their affairs are structured properly to avoid paying more than necessary, we dug into the archives to re-visit a conversation we had with Tom in May 2009. Even though the technical details of the tax code changes from year to year (which is why you need a CPA who understands the unique needs of real estate investors), many of the core principles of taxation remain largely stable. Tom’s thesis is that successful real estate investing includes running it like a business. What exactly does that mean? Find out in this ENCORE episode featuring host Robert Helms, co-host Russell Gray and Rich Dad's Tax Advisor CPA Tom Wheelwright.The Real Estate Guysc Radio Show podcast provides education, information, training and resources to help investors make money with their real estate investments. Learn more and subscribe to the free newsletter at www.realestateguysradio.com

Transcript

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0:00.0	With tax time right around the corner, we thought it was time to hear from one of the greatest
0:04.3	CPAs in the country.
0:06.1	And so this week's show is a rebroadcast from June 2009.
0:10.7	Welcome to the Real Estate Guys Radio Program.
0:13.1	I'm your host, Robert Helms.
0:14.4	One of the most taxing parts of this business is keeping track of the numbers.
0:18.3	Today on the show, we're going to talk about the business of real estate, treating like a business, and how you can pay as little intact as legally possible.
0:26.1	You're tuned to the Real Estate Guys Radio Network. I'm your host, Robert Helms. The Real Estate
0:30.1	Guys podcast is brought to you by audible.com, the internet's leading provider of audiobooks,
0:34.9	with more than 75,000 downloadable titles across all types of literature,
0:39.2	including fiction, nonfiction, and periodicals. For a free audiobook of your choice, go to
0:44.2	audiblepodcast.com forward slash real estate guys. So you've just been given a brand new year. What
0:50.8	are you going to do with it? Rather than let 2011 be a carbon copy of 2010, why not
0:55.3	commit to make this year your best year yet? The real estate guys are hosting a special
0:59.5	conference call to action where we'll share some insights and ideas on how you can chart a
1:04.0	course for success in the new year and ensure your next 10 years the best they can be. We're calling it
1:09.2	designing your best year yet, developing 2020
1:11.8	hindsight in 2011, and it's free for our listeners. Russ and I will share some of the strategies
1:16.8	and techniques that we use at the start of a new year, and we've invited two of the most
1:20.3	successful real estate entrepreneurs we know to join us. Kent McElroy, author of the popular
1:25.0	ABCs of Real Estate Investing and his new book The Sleeping Giant,
1:28.4	will share how to turn past failures into future successes.
	...

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