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The Best Ever CRE Show

JF1673: IT Guy Realizes Retirement Looks Bleak - Turns To Real Estate Investing For Help with John Fortes

The Best Ever CRE Show

Best Ever CRE

Investing, Entrepreneurship, Business

4.7996 Ratings

🗓️ 2 April 2019

⏱️ 29 minutes

🧾️ Download transcript

Summary

At some point, most of us start thinking about retirement. John was ahead of the curve for most people and at a younger age started projecting out his income and savings. He realized retirement was not looking great, tried to figure out the stock market, then fell in love with real estate investing. Now he’s got a large portfolio and currently working on a 41 unit deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “It’s all about partnerships” - John Fortes on his real estate investing success John Fortes Real Estate Background: One of the founding partners of Community First Investment Group has 62 units under management and is currently syndicating another 41 units Based in Boston, MA Say hi to him at https://www.cfigwealth.com/ Best Ever Book: The Third Door Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

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0:11.0

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0:56.6

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1:05.0

It's all about partnerships because sometimes it might take you two years to find your own

1:10.0

deal and if you want to hold on to whatever you have for two years or you want to

1:14.9

kind of rock and roll with someone else you're still doing what you want to do

1:18.8

it's just someone else found the opportunity. It's that time of year again tax season.

1:24.1

Dun-on-on-on-on-on-on-on-on-on-on-on-on-on-on-on-on-on-on-on. How are you doing on tax

1:26.7

season? How's that treating you so far? Well, if you have a lot of receipts and

1:30.8

you're organizing things like your income and expenses and

1:33.8

creating reports and you're also trying to keep up to date with a new tax reform

1:37.9

this year. There's a lot of deductions that we can take to maximize return and there's a lot of strategies that we need to make sure

1:46.7

we're aware of, are you optimizing for the tax loss?

1:50.1

Well, our sponsor, Stessa, teamed up with the top real estate CPA's to offer you the ultimate

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