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WIP 1751: The Wholesaler’s Guide to Slashing Taxes Without Breaking the Rules
Manage episode 487699488 series 2391406
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 build wealth faster, save thousands in taxes, and scale your real estate business smarter!
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Show notes:
- (0:50) Beginning of today’s episode
- (1:30) Reduce your taxes ethically and legally
- (2:26) Hold on to at least 2-3 properties a year
- (4:02) 1031 exchange
- (5:17) Depreciation
- (7:41) Don’t buy cars just to buy cars
- (8:18) Schedule a couple of business meeting when your on vacations
- (9:07) Watch your expenses
----------
Resources:
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
1667 episodes
Manage episode 487699488 series 2391406
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 build wealth faster, save thousands in taxes, and scale your real estate business smarter!
---------
Show notes:
- (0:50) Beginning of today’s episode
- (1:30) Reduce your taxes ethically and legally
- (2:26) Hold on to at least 2-3 properties a year
- (4:02) 1031 exchange
- (5:17) Depreciation
- (7:41) Don’t buy cars just to buy cars
- (8:18) Schedule a couple of business meeting when your on vacations
- (9:07) Watch your expenses
----------
Resources:
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
1667 episodes
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