WIP 1691: How to Reduce Your Taxes Ethically and Legally While Running Your Wholesaling Business

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

News, Wholesaling, Education, Houses, Make Money, Business News, Real Estate Agent, Business, Real Estate, How To, Cash Buyers, Entrepreneurship, Wholesale Houses, Entrepreneur

4.9 • 1.4K Ratings

🗓️ 17 March 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Taxes can take a big bite out of your wholesaling profits—but with the right strategies, you can keep more of what you earn. In this episode, Todd Toback shares ethical and legal ways to reduce your tax burden while growing your business. If you’re wholesaling real estate, these tax-saving tips can help you keep more money in your pocket. Don’t leave money on the table — tune in now! --------- Show notes: (0:48) Beginning of today’s episode(1:17) Reduce your taxes ethically and legally(2:20) ...

Transcript

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0:00.0	You're listening to Wholesling Inc. episode number 1691.
0:04.3	So if the whole vacation costs you $10,000, I would probably try to write off the amount of vacation spent in the amount of time working, right?
0:12.9	Use the travel and the accommodations and things like that.
0:15.4	But just make sure that you are fair and honest and document.
0:17.9	Keep it like that.
0:18.9	This is game-changing information guaranteed to raise your real estate wholesaling business
0:24.0	with actionable steps you can take immediately to navigate the ins and outs of wholesaling
0:28.9	and start making money today.
0:31.5	Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success
0:37.0	to enable you to duplicate
0:38.5	their results. You're listening to Wholesaling, Inc. The only show dedicated to making you a fortune
0:44.5	in wholesaling. In today's episode, we are going to talk about how to reduce your taxes
0:51.5	ethically and legally while running a wholesaling business. Let's talk about how to reduce your taxes ethically and legally while running a wholesaling business.
0:55.8	Let's talk about how to reduce your taxes, ethically and legally, because let's face it,
1:00.7	Uncle Sam is your business partner.
1:04.1	And if you're making any kind of money, he eventually is going to be taking about 50%
1:09.6	of your net profit. So it is time to be taking about 50% of your net profit.
1:12.2	So it is time to be a patriot, okay,
1:14.8	and reduce your taxes ethically and legally, okay,
1:18.6	so that the IRS will kind of love you,
1:21.6	but hate your accountant.
1:24.1	Okay, so I'm going to share some really, really good ideas.
	...

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