JF387: Rich Dad Advisor, Tom Wheelwright, Says Your IRA Plan is WRONG and How to be Tax Free Till You Die

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 24 September 2015

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Love Rich Dad Poor Dad? How about Robert Kiyosaki? Well you are about to hear from his accountant, Tom Wheelwright. He unfolds the complications and misunderstandings of IRA’s and how they would NOT benefit all forms of real estate investing. Want to avoid capital gains tax? Hear his advice on 1031 exchanges! Other topics including tax brackets, depreciation, and cost segregation are clarified by our Best Ever guest. This is one of the MOST important show’s available...don’t miss it! Best Ever Tweets: If in doubt, leave it out. Any six year old can explain something to a genius, but it takes a genius to explain something to a six year old. Embrace the tax law. Tom Wheelwright's background: CPA and CEO of ProVision Wealth based in Tempe, Arizona A leading tax and wealth expert and author of Tax-Free Wealth and a Rich Dad Advisor/Speaker for Robert Kiyosaki Say hi to him at http://taxfreewealthadvisor.com Make taxes fun, easy, and understandable Subscribe in iTunes and Stitcher so you don't miss an episode! Made Possible Because of Our Best Ever Sponsors: Patch of Land - Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at www.PatchOfLand.com 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	Yet somehow only 19% of women reported feeling confident in selecting investments that align
0:11.0	with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.
0:23.7	InvestHircon is not just another real estate conference.
0:27.1	It's a transformational experience focused on real estate investing,
0:31.0	business strategies, and self-care tactics, all designed to help women take
0:35.5	control of their financial futures. Gain the knowledge and skills you need to grow
0:40.0	your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.
0:48.0	To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.
0:57.0	That's Invest Her, H-E-R-K-D-K-G-K-G-K-G-G-O-K-K-K-K-K-Kom, promo code 100 best ever to get $100 off your ticket.
1:05.0	And what we end up with is a tax expense.
1:08.0	We actually end up going from a negative tax to a positive tax, which is not good in our case, because we put into an IRA.
1:15.0	Welcome, my friend, to the best real estate investing advice ever show.
1:20.0	I'm Joe Fairless, and before we get into the show in today's episode which I know you'll get a
1:24.5	lot of value from because we stay out of all the fluffy stuff and we get straight
1:29.7	into the good stuff of real estate investing advice I want to give a quick shout out to today's
1:34.9	sponsor and that's a patch of land. They are making this show possible and they're making tons of flipping projects possible all across the country.
1:46.0	If you don't know about patch of land, then they are the number one company to go to for projects that you're flipping because they have all the money
1:57.9	available right now once you get approved for your your deal and yourself as a sponsor or a borrower
2:06.7	you're going to be funded by them and then they go raise the money through their
2:11.4	crowdfunding platform so you don't have to worry about
2:14.3	all that they'll take care of the the money and the funding for you you just have to worry about
	...

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