How to Beat Uncle Sam This Year - Joel Jensen | 945
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 2 March 2020
⏱️ 24 minutes
🧾️ Download transcript
Summary
Even though it does not show as money in your mailbox, depreciation is a legitimate profit center. Therefore, Matt is joined with Joel Jensen, a certified CPA and a real estate investor who shares how to lower your tax expenses, legally, honestly, and ethically. Tune in and find out more!
Transcript
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| 0:00.0 | This is Tereo Media. |
| 0:04.0 | Success in real estate has nothing to do with shiny objects. |
| 0:15.0 | It has everything to do with mastering the basics. |
| 0:18.0 | The three pillars of real estate investing. |
| 0:20.0 | Attract, convert, exit. |
| 0:25.0 | Matt Terrio has been helping real estate investors do just that for more than a decade now. |
| 0:30.0 | If you want to make money in real estate, keep listening. |
| 0:32.0 | If you want it faster money in real estate, keep listening. If you want it faster, |
| 0:34.3 | visit re I ACE.com. |
| 0:37.6 | Here's Matt. |
| 0:38.3 | Alrighty, so hello and welcome to the epic real estate investing show. I got a great show for you today. As we talk about here, all of the different |
| 0:47.5 | profit centers of real estate, right? We talk about the cash flow, we talk about the appreciation, we talk about the amortization, we talk about the |
| 0:55.8 | impact that leverage has on all those profit centers, and we also do mention the depreciation part of it. |
| 1:01.6 | And a lot of people kind of discredit that or don't take that |
| 1:04.5 | into consideration when they're purchasing real estate, but it is a legitimate |
| 1:08.6 | profit center. It might not show up as money into your mailbox, but it certainly cuts down the amount of money that you send to Uncle Sam. |
| 1:18.8 | And to me, that's a win. |
| 1:20.4 | And it's really one of the, I guess the final legitimate tax shelters that the |
| 1:26.4 | average person has available to themselves and it's that season right it's it's time |
| 1:31.5 | to start thinking about the the tax man and how we're going to manage that and pay as little as we possibly can. |
| 1:38.0 | Of course, legally, honestly, and ethically, but there's a lot of stuff in the tax code given to us by Mr Uncle Sam that says if you do this, you don't owe me as much, right? |
| 1:48.7 | So it's all about the, we're mostly talking about how much money you can make but a big portion of |
... |
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