WIP 1751: The Wholesaler’s Guide to Slashing Taxes Without Breaking the Rules

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

🗓️ 9 June 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Todd Toback breaks down powerful, legal tax-saving strategies specifically tailored for real estate wholesalers and investors. He explains why holding just two to three properties each year can create long-term financial leverage while reducing taxable income. Todd dives into the benefits of using the 1031 exchange to defer capital gains and how real estate depreciation can dramatically lower what you owe the IRS. This episode is packed with actionable tax tips that can help you b...

Transcript

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0:00.0	You're listening to Wholeselling Inc. episode number 1751.
0:04.6	You've got to watch your expenses, right? Everything is not a write-off. Just because it's a write-off
0:08.1	doesn't mean that you should spend it. And so you want to watch your expenses. You want to go
0:11.3	through your profit and lost every single month. Look through every single expense and say,
0:14.5	hey, do I need this? Or can I renegotiate this? Or can I work with the vendor some better pricing? Or do I need this employee? Are they performing or
0:21.5	not performing? This is game-changing information guaranteed to raise your real estate wholesaling
0:27.2	business with actionable steps you can take immediately to navigate the ins and outs of
0:32.0	wholesaling and start making money today. Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success
0:40.7	to enable you to duplicate their results.
0:43.3	You're listening to Wholesaling Inc.
0:45.3	The only show dedicated to making you a fortune in wholesaling.
0:51.1	In today's episode, we are going to talk about how to reduce your taxes ethically and legally
0:56.4	while running a wholesaling business.
0:59.1	All right.
0:59.6	So let's talk about how to reduce your taxes ethically and legally because, let's face it,
1:05.3	Uncle Sam is your business partner.
1:08.5	And if you're making any kind of money, he eventually is going to be taking
1:12.3	about 50% of your net profit. So it is time to be a patriot, okay, and reduce your taxes
1:20.8	ethically and legally, okay, so that the IRS will kind of love you, but hate your accountant. Okay, so I'm going to share some really,
1:30.4	really good ideas. A little disclaimer here. Run this by a licensed CPA or your accountant or
1:35.9	your attorney or the IRS. This is just some suggestions. I suggest you ask your account about
1:42.7	these things, not do any of these things.
	...

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