Ep #161 - Craig Cody - How Tax Planning Can Save Any Real Estate Investor A Ton Of Money

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Passive, Estate, Family, Business, Management, Income, Multifamily, Apartment, Education, Multi, Property, Commercial, Real, Investing, Investor

4.8 • 1.4K Ratings

🗓️ 18 September 2017

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What is Tax Planning?
The end goal for tax planning is to keep more of what you make.
How real-estate investors fail to plan.
Reasons to why you should put properties in their own specific LLC.
If all your properties are under a single member LLC and they all flow into one holding company, then you only have 1 tax return.
Why good record keeping is important in this business.
How your kids can be included in a deductible.
How a Medical expense reimbursement plan can be counted in a deductible.
Your home office can be included in your deductible.
Your home gym and pool can become a deductible also.
Why real estate investors should communicate with their CPA on a monthly basis.
What is a foreign retirement plan.
How cost segregation can make you money.
Book recommendation: 10 Most Expensive Tax Mistakes That Cost Business Owners Thousands: The Hidden Truth Behind Lowering Your Tax Bill – By Craig Cody
Book recommendation Secrets of a Tax Free Life – By Craig Cody and 14 other authors
Connect with me on Facebook at Rod Khleif.
Text Rod to 41411 or visit RodKhleif.com for a FREE copy of my book, “How to Create Lifetime CashFlow Through Multifamily Properties.”

Our Guest

You can contact Craig Cody at:

[email protected]

http://www.craigcodyandcompany.com/

Want to build Lifetime Cash Flow from Multifamily Properties?

If you’re committed to creating the life you deserve, we've created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business! - if you'd like to receive information about our program, text CRUSH to 41411 now.

Recommended Resource

Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link:

http://www.meetme.so/RodKhleif2

Review and Subscribe

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Transcript

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0:00.0	Welcome. This is the Lifetime Cash Flow through Real Estate Investing Podcast.
0:06.0	This is where you learn strategies to help you achieve lifetime financial freedom through real estate investment.
0:12.0	Your host Rod Cleef, has owned over 2,000 homes in apartments.
0:17.0	And he brings experts in all aspects of real estate investment and management onto the show.
0:22.0	Now, here's your host. investment and management onto the show.
0:23.0	Now, here's your host, Rod Cleese.
0:27.0	Hey, just a couple of quick things.
0:29.0	You guys know I'm a huge proponent of mindset in the psychology of taking action and how it's my belief 80% of your success in anything is your
0:37.0	psychology and your mindset and really 20% is the mechanical stuff, the real estate knowledge.
0:43.4	You know, I even did a, recently did a Facebook live clip
0:46.6	on creating vision boards and how do you use those
0:49.0	to get your goals and things you want?
0:51.1	Well, you guys aren't gonna to believe this. You're going to
0:53.9	absolutely love who I've got coming on the show on September 25th. John Aseroff from
0:58.6	the secret, he's the guy that showed us his vision boards in the blockbuster movie The Secret.
1:03.6	In fact, he's the reason millions of people now have vision boards.
1:06.8	John is that guy.
1:08.4	So make sure you check out that episode on September 25th.
1:11.4	It will be epic.
1:12.8	And I've finally launched my course and coaching program.
1:15.8	If you're interested in this business at all,
1:17.4	I can humbly say it's the best multifamily course out there,
	...

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