Kamala's Tax Proposal: What It Means For Real Estate Investors | Subto Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 6 September 2024
⏱️ 16 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline (Subto Edition) Pace Morby weighs in on the tax code changes proposed by candidate Harris.
Show notes -- in this episode we'll cover:
- This is not a political episode -- but why Pace felt like he had to talk about it.
- Pace breaks down the potential implications from the proposed tax changes.
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎
Transcript
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| 0:00.0 | Hey guys, Pace Morby here. Welcome to Wholesale Hotline Podcast. Today, we're going to be talking about |
| 0:04.0 | wholesaling and how you can get started. But I want to tell you, wholesaling is not just an amazing way for you to get |
| 0:08.9 | started in real estate, but you can also build cash flow and build a portfolio in the process. |
| 0:15.1 | Today's episode, you will walk away with tremendous notes. But I want you to remember, we do a live |
| 0:20.5 | episode every Monday night |
| 0:22.5 | over on my YouTube channel, YouTube.com forward slash pace morby. Head over there and you can meet |
| 0:28.4 | other audience members and do deals in the live chat. Remember to subscribe, give us a little bit |
| 0:34.5 | of love, and make some comments in the show notes down below so we know what to talk about in the future. |
| 0:39.2 | Enjoy today's episode. |
| 0:45.9 | Kamala Harris is absolutely crazy. This is not a political, but I want to go through how she is growing with my legacy and my company |
| 0:52.4 | and how it actually means something for |
| 0:54.5 | real estate investors, people that are trading and making money by having their money work for |
| 0:58.7 | them. I just went through, watched about six different videos. And no, I didn't just watch Fox News |
| 1:03.4 | because Fox News is always going to be biased about business people. But what I wanted to do is |
| 1:08.0 | share my opinion, obviously, but I wanted to break it down mathematically |
| 1:12.4 | so that you can understand how this actually messes |
| 1:14.4 | with investors like me. |
| 1:15.9 | So her proposed tax bill will take 25% of unrealized taxes |
| 1:22.3 | or unrealized capital gains out of a property |
| 1:25.5 | that I haven't even sold yet. |
| 1:27.3 | So think about this. I bought five |
| 1:30.1 | houses right here, Sterling, Maddox, Sonnet, 87th Street, and Whispering Grove, all five properties |
... |
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