Ep #63: Tax Free Real Estate Investing and Asset Protection advice from Rich Dad Advisor - with Tom Wheelwright

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 30 March 2015

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our guest for this week’s show is Rich Dad Advisor, Tax strategist, and best-selling author, Tom Wheelwright. In today's show we're going to speak with Tom about his bestselling book, Tax Free Wealth and how we as Real Estate Investors can apply these principals to mitigate our tax exposure and keep more profits where it’s supposed to be - IN YOUR BANK ACCOUNT!

Whether you're a brand new investor or someone who has been investing for years, you're goal should be to maximize your income and returns from your real estate investments and legally keep as much in your bank account as possible without giving it all to Uncle Sam, which is exactly what you’ll learn in my discussion with Tom today.

In this show you’re going to learn:

Why having a qualified tax strategist on your team is critical to your successes as a Real Estate investor.
How legally to run your business tax free
Why depreciation is a real estate investors best friend
The power of the 1031 exchange
The qualities to look for when seeking out a tax professional to bring onto your Real estate team
The reason why leverage needs to be part of your investment strategy
How to properly protect you assets from the 3 P’s which Tom explains as the Pirates, Predators, and Politicians
Why the team you surround yourself with is the single most important thing for your real estate business
Why you need to learn to delegate now and focus only on tasks which you are the strongest at
And much more...

Recommended Resources

Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
Schedule a free "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Learn more about Tom by going to www.ProVisionWealth.com and also grab a copy of his book at www.TaxFreeWealthBook.com

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.2	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.2	Hey guys, Kevin Bup here with episode number 63 of the Real Estate Investing for Cashflow
0:35.6	podcast, where our mission is to help you build and
0:37.9	maintain massive amounts of cash flow through income producing real estate investments.
0:42.9	Our guest for this week's show is Rich Dead Advisor, Tax Strategist, and Best Selling Author,
0:48.3	Tom Willwright.
0:49.4	In today's show, we're going to speak with Tom about his bestselling book, Tax-Free
0:53.1	Wealth, and how you as a real
0:54.6	estate investor can apply these strategies and principles taught in this book to mitigate your
0:59.1	tax exposure and keep more of the profits in your pocket.
1:02.6	And that's an important topic because it doesn't matter if you're a brand new investor or
1:07.2	someone who has been investing for many years because your goal should be to maximize
1:11.7	your income and returns from your real estate investments and legally keep as much in your
1:16.9	bank account as possible with giving it all out to Uncle Sam, which is exactly what you'll learn
1:22.4	in my discussion with Tom today. And here's a little taste of what you're going to hear in
1:25.8	the interview with Tom. You're going to learn why having a qualified tax strategist on your team is critical to your
1:31.6	success as a real estate investor. How legally to run your business tax free? Why depreciation
1:38.5	is a real estate investor's best friend. The power of the 1031 exchange? The qualities to look for when seeking out a tax
	...

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