Welcome to the Real Estate Guys Radio Program. It's a new year. That means it's time to do your taxes. An uplifting topic I know. But today we're going to share some practical tax tips for last year and some of the changes for next year on the Real Estate Guys Radio Network.

Welcome to the Real Estate Guys Radio Program. I'm your host, Robert Helms. Thanks for tuning in. We have a great show, a great topic, and a great guest. So it's three for three. In the meantime, let's meet the guys, our co-hosts Financial Strategist, Russell Gregg. Hey, Robert. Hey there. And the man we call the godfather of real estate. He's been investing in seven different decades now, Bob Houns.

Sure doesn't seem that long, does it? I know. Well, it's a new decade, a new year, a new decade. Things are exciting. And we're going to talk about one of our favorite topics today,

tax. Yeah, now, tax, you know, right off. It sounds like you should be reaching for the dial.

But no, no, no. Our guest today is going to convince you that

tax is not a negative. It, in fact, is one of the most powerful tools you have for wealth creation.

And that's true. But this is the time of year where we start thinking about, at least, getting

all of our documents together and getting our information to our tax accountant or attorney

for preparation of 2009 taxes. But more importantly, really looking

forward to what 2010 is going to bring and try to make as much money as possible and pay as little

tax as possible while still maintaining our sanity.

Yeah, you know, when you think about how much money actually goes out in taxes, there's so many

that you just can't

escape. There's so many taxes that are hidden within the things. You look at your cell phone bill,

your utility bill, you go to the gas pump. I mean, everywhere there's these little taxes,

but there are lots of taxes that you can really get your hands on and begin to adjust. And if you

were to lump all of the money that you pay out

in taxes and put it into that old Pareto principle, the 80, 20, and look at how much of your money

actually goes out in taxes, you quickly realize it's well worth your time to get good at figuring

out how to reduce that debt. Because when you do that cash flow statement and you've got before

tax cash flow and after

tax cash flow, your mission is to try to narrow that gap so that you get to keep more of what

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