621.7K
Downloads
342
Episodes
Real Estate Investors, Stock Traders, and Business Owners guide to preserve their wealth, protect their assets, and prosper in the future.
Episodes
Thursday Jun 23, 2022
Thursday Jun 23, 2022
What are funding options for different types of real estate investing? How do you finance deals, and what does it take to put these things together?
Today, Clint Coons of Anderson Business Advisors talks to Kurt Nederveld, CEO and founder of Rainstar Capital Group (RCG). Kurt is an expert when it comes to funding and helps clients gain access to funds that they didn't think they would have access to ordinarily.
RCG has more than 250 lenders on its debt advisory platform that fund against invoices, accounts receivables, commercial real estate, corporate finance, small business,
equipment and rental real estate.
Highlights/Topics:
- What is RCG’s lending platform? It functions on the four Cs: Cash, credit, collateral, and character via a blueprint of the entire process of accessing all product lines and placing a very high focus on education to grow and create generational wealth.
- What does RCG teach clients? Understand their equity story. If RCG can bring in a higher leverage product, it saves clients/investors the equity.
- What is RCG’s process for doing deals with clients/investors that have little to no cash? Based on cash, credit, and collateral, identify which product lines that they can qualify for from the highest leverage perspective, when you break down the capital stack.
- Can RCG do a blanket loan, cross-collateralize assets to take some cash out to roll into a client’s next deal? The ability to grow is limited by your equity. RCG analyzes which properties have the most equity and whether to do individual cash out or refinance.
- What if somebody wants to do traditional house hacking or they're going to be renting out rooms, how would that work with the lenders? Currently, the VRBO and Airbnb strategy is the greatest disruptor in the marketplace. Know your local market and drivers.
- What about flipping? Does RCG have products/strategies for those who want to flip properties? There’s either build-to-sell or build-to-rehab-and-rent models. From a mission perspective, families need homes.
- What is Kurt doing right now in the market? Where does he find most of the money? What type of deals is it chasing? Multifamily and single-family rentals are hot. People always need a place to live. The biggest battle is a lack of inventory.
Resources
https://www.linkedin.com/in/kurtanederveld
https://www.rainstarcapitalgroup.com/
Roster List of Top MSAs
https://grantcardone.com/
https://andersonadvisors.com/clint-coons/
https://www.youtube.com/c/RealEstateAssetProtection
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
Thursday Jun 16, 2022
Thursday Jun 16, 2022
Do you dream about real estate investing replacing your active income? Make no longer having to report to an employer every day, being able to sit back, and collecting mailbox money on a monthly basis a reality.
Today, Clint Coons of Anderson Business Advisors talks to Dustin Heiner, founder of Master Passive Income and Successfully Unemployed.
Dustin is a real estate rental property investor who was able to make enough passive income from his business to quit his job when he was 37 years old. With his podcast, books, courses, and coaching, Dustin now helps other people quit their job by investing in real estate rental properties. He is passionate about his mission to help others become successfully unemployed and never need a job again.
Highlights/Topics:
- How did Dustin get started in real estate investing? He needed to find a job to make sure he could provide for his family and never have to worry about needing a job again.
- What value does Dustin put on himself? Value does not come from your job. Your value is so much more than anybody could ever pay you.
- What did Dustin decide to do? Rather than losing money working just over broke (JOB), start a business:
- As an investor, what did Dustin focus on? Single-family? Commercial? Residential, it's not single-family homes only. It's four units and below because that's what the IRS classifies. Dustin buys more rental properties that make a minimum amount.
- What are ways that Dustin got financing? Conventional mortgage, private money, and portfolio/commercial loans.
- Where does Dustin buy homes for $10,000? There are places that have good homes that other people would want to live in—you may not—that are lower in price.
- Who are the experts and what does Dustin do to vett them? People that live there on the ground. Seek property managers that you trust, can communicate, and have experience.
- What areas is Dustin looking into beyond residential? Syndications, other people that find, buy, and manage multifamily homes, apartment complexes, and hotels.
Resources
https://www.successfullyunemployed.co/
https://masterpassiveincome.com/
Master Passive Income Podcast on Spotify
https://masterpassiveincome.com/spotify
https://masterpassiveincome.com/instagram
https://masterpassiveincome.com/facebook
https://masterpassiveincome.com/youtube
Free Real Estate Investing Course
https://masterpassiveincome.com/freecourse
https://andersonadvisors.com/clint-coons/
https://www.youtube.com/c/RealEstateAssetProtection
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
Tuesday Jun 14, 2022
Tuesday Jun 14, 2022
Should you create a new LLC for your vacation rental? Eliot Thomas and Jeff Webb of Anderson Advisors answer your tax questions. Submit your tax question to taxtuesday@andersonadvisors.
Highlights/Topics:
- I rent my personal residence and my home office is my primary place of business for my S Corp. Am I a good candidate to take advantage of Section 280A deduction or does that fact pattern disqualify me? No, you're not disqualified. Keep the areas separate and you are a good candidate to take advantage of 280A and still have the administrative office reimbursement.
- Is it possible to minimize taxes by selling the C Corp, which holds property via a 1031 exchange and then form an LLC to buy the replacement property? Generally, no. If you're going to have appreciable real estate, a rental, you can't do 1031 on flipping property. It's considered inventory.
- I just bought a lake cabin in Wisconsin where we will be renting it out as VRBO as much as possible, but also using it for some personal use for our family. Will I need to create a new LLC to hold the cabin in and how much of it can I write off given we're unsure about how much it will be rented out, especially the first year? If your personal use exceeds 14 days or 10% of the rental time, it is considered your vacation property and you can’t take losses beyond your income.
- Is there any limit on how long a person should keep tax records? It depends. Most people recommend three to seven years, unless you know you did something wrong. You’ll want to keep all tax records to convince and defend yourself against the IRS.
For all questions/answers discussed, sign up to be a Platinum member to view the replay!
Go to iTunes to leave a review of the Tax Tuesday podcast.
Resources:
https://andersonadvisors.com/entity-formation/
https://andersonadvisors.com/section-280a-deduction-explained/
https://www.irs.gov/pub/irs-news/fs-08-18.pdf
Qualified Business Income (QBI) Deduction (199A)
https://www.irs.gov/newsroom/qualified-business-income-deduction
https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-comparison-for-businesses
https://www.irs.gov/forms-pubs/about-schedule-k-1-form-1065
https://andersonadvisors.com/
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
https://www.facebook.com/AndersonBusinessAdvisors/
https://andersonadvisors.com/podcast/
Tuesday Jun 07, 2022
Tuesday Jun 07, 2022
How do you become a real estate millionaire without using your own credit or money? Learn to implement and use various real estate investing strategies to grow your own portfolio.
Today, Clint Coons of Anderson Business Advisors talks to Daniel Kwak about reaching 87 doors in a year and becoming a real estate millionaire by the time he turned 24 years old.
Over the past 7+ years, Daniel and his brother, Sam, have built successful real estate investment companies, educational courses, coaching programs, and software to help emerging real estate professionals grow their own real estate investing businesses. The Kwak Brothers are on a mission to help as many families as possible achieve financial peace of mind.
Highlights/Topics:
- Daniel’s Dream: To constantly learn, experiment, expand, and grow
- Why Daniel got into real estate: Of top 1%, 76% earned money via real estate investing
- Daniel’s Problem: He had no money, no credit, and minus $187.65 in his bank account
- Four Currencies Concept: Time, money, knowledge, and relationships
- Daniel’s Philosophy: Never look for properties but for people to solve their problems
- Daniel’s BOLD Strategy: Build trust with older landlords/property managers to find deals
- Seller Financing Benefits: Tax advantages, make money as bank, and passive income
- Build a business by using FORCE:
- Find the property
- Owner-finance it
- Raise the capital
- Cashflow it
- Expand your empire
- Rent Bubble: Increasing rent has priced out tenants from entering housing market
Resources
daniel@thekwakbrothers.com
https://thekwakbrothers.com/
The Kwak Brothers’ YouTube Channel
https://www.youtube.com/c/TheKwakBrothers/featured
https://www.propstream.com/
https://andersonadvisors.com/clint-coons/
https://www.youtube.com/c/RealEstateAssetProtection
https://andersonadvisors.com/
Anderson Advisors Tax and Asset Protection Event
https://andersonadvisors.com/asset-protection/
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
Tuesday May 31, 2022
Tuesday May 31, 2022
What are the pros and cons of a C Corp and S Corp versus an LLC? calculate, calculate, calculate because it's possible to pay dividends out that are not going to be taxable to you.
Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions. Submit your tax question to taxtuesday@andersonadvisors.
Highlights/Topics:
- Do corporations get taxed double? What are the pros and cons of a C Corp, S corp, and an LLC? Double taxation means the C Corp's getting taxed on its income. When it pays out dividends, the shareholders are getting taxed on those dividends. Also, LLC is not a tax designation. An S Corp is similar to a partnership. It has stricter rules about who can be shareholders of your S Corp and it passes through its income expenses down to the shareholders. A C Corp is its own entity/being.
- I own a childcare center that is set up as a corporation and taxed as an S Corp. It has a line of credit of $150,000. I'm a new real estate investor and would like to know if I can lend those funds to myself to purchase a house to buy, repair, rent, refinance, repeat (Brrr) or fix and flip? Yes, you could do that, but make sure there are promissory notes between the S corporation and borrower. However, you do have to repay that money to the S Corporation. Document it, and then honor the document.
- I just received a notice from the IRS asking me to pay taxes on the money withdrawn from my retirement under the CARES Act in 2020. I thought I had three years to pay back the money withdrawn in 2020, which means I still have 2022 to pay back the money that was withdrawn. How do I proceed? You have until 2022 to repay this distribution. However, the IRS technically wants you to pay back taxes on a third of that distribution each year.
For all questions/answers discussed, sign up to be a Platinum member to view the replay!
Go to iTunes to leave a review of the Tax Tuesday podcast.
Resources:
https://andersonadvisors.com/entity-formation/
Coronavirus Aid, Relief, and Economic Security (CARES) Act
https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers
199A (Qualified Business Income Deduction)
https://www.irs.gov/newsroom/qualified-business-income-deduction
https://andersonadvisors.com/section-280a-deduction-explained/
https://www.irs.gov/forms-pubs/about-form-1099-r
https://tobymathis.com/
https://andersonadvisors.com/
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
https://www.facebook.com/AndersonBusinessAdvisors/
https://andersonadvisors.com/podcast/
Wednesday May 25, 2022
Wednesday May 25, 2022
What are things that you absolutely want to make sure to avoid like the plague when it comes to estate planning? Absolutely avoid doing nothing. You should have a plan in place.
Today, Toby Mathis of Anderson Business Advisors talks about major mistakes to avoid and choices to make when estate planning and ensuring your legacy. The most important thing is to have the opportunity to put things in place and affect lives for decades, if not centuries, after you're gone.
Highlights/Topics:
- Mistake #1: Doing nothing.
- Mistake #2: Thinking that you're going to live forever.
- Three Choices: Do a simple will, living trust, or go through the probate process.
- Mistake #3: Documenting things, but not actually updating them..
- Mistake #4: Focusing only on your own mortality, not everything else you have to offer.
Resources:
https://tobymathis.com/
https://andersonadvisors.com/
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
https://www.facebook.com/AndersonBusinessAdvisors/
https://andersonadvisors.com/podcast/
Tuesday May 17, 2022
Tuesday May 17, 2022
How do you calculate taxes for flipping houses? Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions. Submit your tax question to taxtuesday@andersonadvisors.
Highlights/Topics:
- Is there depreciation recapture on a business vehicle when it is sold or no longer used for the business? Depreciation recapture works differently for personal/tangible property than for real estate. So, anything that's not real estate and intangible, such as a car.
- Inherited IRAs: Are distributions taxed no matter what or can you shelter them with cost seg and depreciation from short-term rentals? Can you shelter with long-term rentals? It doesn't matter if the IRA is inherited, the distributions are taxable because you could have cost segs or short-term rentals from somewhere else that are offsetting that income. IRAs, unless it's a Roth IRA, are always going to generate taxable income.
- I am a physician in a single-specialty practice under an LLP. I have set up my personal PLLC in the state. Do I need to set up payroll and give myself a W-2? It depends. Most states require that you're an S-corp. You are going to have to take a reasonable salary that is about a third of all the net profit.
- We made $200,000 on our first flip, we closed in April 2022. How much should we put aside for IRS taxes? Would you happen to know how much we should put aside for state taxes as well? if you were set up as a business before you made the $200,000, then you just made the 200,000 and that's it. Pay the tax.
For all questions/answers discussed, sign up to be a Platinum member to view the replay!
Go to iTunes to leave a review of the Tax Tuesday podcast.
Resources:
https://andersonadvisors.com/living-trusts/
https://turo.com/
https://andersonadvisors.com/retirement-plan/
Unrelated Business Income Tax (UBIT)
https://www.irs.gov/charities-non-profits/unrelated-business-income-tax
https://www.irs.gov/forms-pubs/about-form-1065
https://tobymathis.com/
https://andersonadvisors.com/
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
https://www.facebook.com/AndersonBusinessAdvisors/
https://andersonadvisors.com/podcast/
Tuesday May 10, 2022
Tuesday May 10, 2022
How do you get started in real estate? What is that process? What can you do to scale and grow your own portfolio or take it to the next level? Do you already have a few single-family properties, but want to get involved in multifamily investing?
Today, Clint Coons of Anderson Business Advisors talks to Abel Pacheco, President and Principal of 5 Talents Capital, who loves investing in and owning multifamily properties in Texas.
Abel is a real estate entrepreneur with a proven track record of repositioning properties and delivering quality renovated housing products to market and consistent returns to investment partners. He has experience in acquiring distressed properties, handling renovations, raising private capital, and managing single and multifamily investment properties.
Highlights/Topics:
- 5 Talents Capital: Abel buys apartment buildings and allows people that don’t have much time available to invest in commercial multifamily real estate via syndications.
- Cash Flow Positive: Don't overlook the amount of time that you have available for side hustles and to make more money.
- Education and Knowledge: Learn about wholesaling, seller financing, hard money loans, and finding motivated sellers for free from conferences, YouTube, and Google.
- Knowledge: After educating yourself on different ways to invest, it takes mental and tactical shifting to find properties.
- Networking: Unlock your mindset. You don't have to do everything yourself. You don't have to know everything. You just have to partner with people that are experts.
- Create Luck: It's where planning meets opportunity. Then, when that opportunity is there and you plan for it, you better be ready to take action and be willing to move forward.
- In multifamily, net worth equates to the size of the loan amount, equity enough to buy the deal, general partners need their own money for a deal.You have to have experience.
- Where to Find Deals: Off- and on-market. In commercial real estate, almost all the deals actually trade through brokers.
Resources:
https://www.linkedin.com/in/abelpacheco/
https://www.facebook.com/bullpacheco/
https://www.instagram.com/abeljpacheco/?hl=en
http://www.5talents.capital/
https://podcasts.apple.com/us/podcast/5-talents-podcast-passive-investing-cashflow-wealth/id1531901889
https://www.meetup.com/
Rich Dad, Poor Dad by Robert Kiyosaki
https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1543626610
The ABCs of Real Estate Investing
https://www.amazon.com/ABCs-Real-Estate-Investing-Investors/dp/1937832031
https://andersonadvisors.com/clint-coons/
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
Thursday May 05, 2022
Thursday May 05, 2022
Many people talk about flipping and buying properties, but a niche area of real estate investing that most people are unaware of is called note buying.
Today, Clint Coons of Anderson Business Advisors talks to Bill Mencarow of Paper Source Online. The Paper Source, Inc., was founded in 1987 by Bill and his wife and business partner, Alison.
Bill and Alison have been note investors since the 1980s. Also, he is the editor and she is the publisher of The Paper Source Journal and they co-host the radio talk show, First Couple of Texas Radio.
Would you like to learn more about note investing and network with other note investors? Attend The Paper Source Note Convention on May 12-14, 2022. Register for the live event and use the discount code, NOTES2022, with your affiliate link for $50 off through May 1. Toby Mathis of Anderson Advisors will be speaking at this event.
Highlights/Topics:
- What is a real estate note? A promise to pay—mortgage secured by real estate.
- What’s your role if you own a real estate note? You’re the banker, not the landlord.
- Why not be a landlord? You have to deal with tenants, toilets, and termites.
- What are the reasons to buy/own real estate notes? Cash flow, higher yields, lower risk.
- How the process of buying notes work? Sell note for lump sum to investor at a discount.
- What are the different types of notes? First, second, or third position against note.
- How do you know what you are buying? Perform due diligence—paper, property, payer.
- How do you verify payments, borrower’s credit, and value of note to know what to offer?
- What do you need to get started buying notes? Cash investment or broker note.
- How to find real estate notes? Network to establish context with people with notes.
Resources
The Paper Source Facebook Group
Tuesday May 03, 2022
Tuesday May 03, 2022
Is income from your rental properties active or passive? What is the best way to report your income and expenses for rentals? How long do you have before having to pay taxes on the sale of your property rental? Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions about income from rental properties. Submit your tax question to taxtuesday@andersonadvisors.
Highlights/Topics:
- Is retirement income considered passive or active income? If it is a passive income, then can passive real estate depreciation be used against retirement income? Retirement income is not passive, active, earned, or portfolio income. It's ordinary income. Retirement income is not going to offset your passive losses, but it can cause social security to become taxable.
- I've been told that filing Schedule E for rental properties, which I've been doing for the past several years, is not a good way to report your income and expenses for rentals. I want to file 1065, but I don't have a partner and don't intend to get one. I don't think Form 1120 or 1120S is a good way to file either. What do you recommend for next year? Stay away from corporations because of liability and other issues with appreciated property. If you take an appreciated asset out of a corporation, it's a taxable event.
- I closed on a co-owned rental property in April 2021. I did not have an LLC with my co-owner, and we are still in the process of forming an LLC to protect the asset. Can we still take all the real estate deductions on our 2021 tax return, absent having an LLC in place last year? You don’t have to necessarily have a partnership agreement to form a partnership. Whether you had an LLC or not, you have effectively created a partnership, unless you've done this as tenants-in-common.
- I just sold my condo that I owned for three years. One year I lived in it and two years I rented it out. How long do I have before I have to pay taxes on my sale? Technically, your taxes are due as they're accrued. You might have some quarterly taxes on it and your actual tax bill is going to be April 15 of the following year. If you sell it in 2022, you have to pay the tax on April 15, 2023.
For all questions/answers discussed, sign up to be a Platinum member to view the replay!
Go to iTunes to leave a review of the Tax Tuesday podcast.
Resources:
https://www.irs.gov/forms-pubs/about-schedule-e-form-1040
https://www.investopedia.com/financial-edge/0110/10-things-to-know-about-1031-exchanges.aspx
https://andersonadvisors.com/entity-formation/
https://www.irs.gov/forms-pubs/about-form-1065
National Alliance for Recovery Residences (NARR)
https://narronline.org/
https://tobymathis.com/
https://andersonadvisors.com/
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
https://www.facebook.com/AndersonBusinessAdvisors/
https://andersonadvisors.com/podcast/