The Truth About Trump's New Tax Law (No One’s Telling You) | Flipping Mastery Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 20 July 2025
⏱️ 16 minutes
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Summary
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry is joined by Ryan Barnum to talk about his real estate journey, lessons he's learned and do a deal breakdown.
Show notes -- in this episode we'll cover:
- How Ryan overcame imposter syndrome, used a pay‑per‑lead program, and closed his first deal—earning $15,000 after negotiating and partnering with New Western.
- A step‑by‑step breakdown of Ryan’s first deal: how he locked an exclusive lead at $348K, adjusted the rehab estimate from $60K to $90K, renegotiated to $320K, and flipped it to New Western at $345K.
- Emphasis on confidence and rapport: Ryan built trust through genuine conversation, which led the seller to reject $430K offers from others in favor of his.
- Key advice for beginners: Start talking to agents (even out-of‑market) to build confidence, record your calls for self‑review, and step into the investor identity—even before your first deal.
- More key nuggets for newbies inside today's episode.
Please give us a rating and let us know how we are doing!
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☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️
Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
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Transcript
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| 0:00.0 | Hey, it's Jerry Norton. |
| 0:04.2 | Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. |
| 0:08.0 | We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:17.8 | Everyone's hyping up Trump's new tax bill like it's a game changer for real estate investors, |
| 0:21.6 | but there's a catch and most of you are being misled. |
| 0:25.6 | I'm going to break down what the new 100% bonus depreciation law actually says, |
| 0:29.6 | who it actually applies to and who it doesn't, |
| 0:32.6 | and how it could come back to haunt you later. |
| 0:34.6 | Trump's big beautiful bill just passed and amongst many benefits, it provides two big tax |
| 0:40.5 | advantages that impact business owners and apply to some real estate investments. |
| 0:45.8 | These tax incentives go into effect on purchases made from January 2025 through at least |
| 0:50.8 | 2029. |
| 0:52.8 | First, Trump's bill expanded section 179 of the tax code, which covers |
| 0:57.1 | things that can be deducted as business expenses. And second, it reinstated the 100% bonus |
| 1:02.7 | depreciation, which lets you deduct the full cost of qualifying assets in year one rather than over |
| 1:09.0 | the life of the asset. I'm going to explain the benefits of these |
| 1:11.8 | tax incentives and how they apply. But first, let's make sure you understand how these two |
| 1:17.1 | incentives work. Let's start with Section 179. Section 179 was created to help small businesses |
| 1:22.9 | by allowing business owners to deduct upfront tangible personal property used in their businesses. |
| 1:30.3 | For example, equipment, tools, office furniture, computers, phones, vehicles with some limits. |
| 1:36.4 | It even includes renovations to non-residential property like HVAC, roof, security systems, etc. |
| 1:43.1 | A good way to think about Section 179 is, |
... |
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