Need a vacation, but don’t think you can afford it? Invest in short-term rentals to spend time relaxing with friends and family to realize that life goes on. However, Airbnb-style investing isn’t for everyone. Unless, you know how to do it right and treat it as a business. 

Today, Clint Coons of Anderson Business Advisors talks to Richard Fertig, founder of Short Term Rental University (STRU). 

Richard provides insight to overcome challenges that make short-term rentals create cash flow. They’re supposed to be a value add to your life and income, not a distraction.

• Why start STRU? Out of frustration with the Airbnb platform.

YT Playlist with Best Videos for STR Hosts Starting Their Journey

https://geni.us/cYwzHGy

STRU YouTube Channel

https://www.youtube.com/struniversity

STRU Facebook Group

https://www.facebook.com/groups/113927182423791/

Airbnb

https://www.airbnb.com/

VRBO

https://www.vrbo.com/

AirDNA

https://www.airdna.co/

Clint Coons

https://andersonadvisors.com/clint-coons/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

Who can or wants to work forever? If not, then learn how to invest in cash flowing rental properties as a passive way to make money. 

Today, Clint Coons of Anderson Business Advisors talks to Kathy Fettke, co-CEO of Real Wealth Network and host of the Real Wealth Show and Real Estate News podcasts. Also, Kathy is the best-selling author of Retire Rich with Rentals.

Kathy is passionate about teaching people how to better understand real estate market cycles to thrive during booms and protected during busts. She helps people build passive income streams through high cashflow real estate investments.

• 1031 Exchange: Overcome fear of going other places to invest and make money

Real Wealth Network

http://realwealthnetwork.com/

Real Wealth Show

https://www.realwealthnetwork.com/category/podcast/real-wealth-show/

Real Estate News Podcast

https://www.realwealthnetwork.com/category/podcast/real-estate-news/

Retire Rich with Rentals

https://www.amazon.com/Retire-Rich-Rentals-Ongoing-Forever/dp/1500881589

How to Do a 1031 Exchange

https://www.realwealthnetwork.com/learn/how-to-do-a-1031-exchange-rules-definitions/

Kathy Fettke’s Email

[email protected]

Kathy Fettke’s Phone: 888.796.3896

Proposition 13

https://www.californiataxdata.com/pdf/Prop13.pdf

Paycheck Protection Program (PPP)

https://www.sba.gov/funding-programs/loans/paycheck-protection-program

Extreme Success by Rich Fettke

https://www.amazon.com/Extreme-Success-Program-Succeed-Struggle/dp/0743223144

Rich Dad Poor Dad by Robert Kiyosaki

https://www.richdad.com/

Clint Coons

https://andersonadvisors.com/clint-coons/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

Give your children a purpose, not money. Toby Mathis and Jeff Webb of Anderson Advisors answer tax questions related to passive versus active income reported on payroll for people of all ages to flipping properties and real estate investments. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• If I have a small business, do I need to make it an LLC to hire my children, or can I just be an independent contractor and hire them? LLC is not required for small businesses, but it is recommended for liability protection; your children’s wages should be run through payroll, even if they don’t have social security numbers

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:

The Tax Toolbox (only $595; regularly $1,500)

http://aba.link/ttb920

Tax-Wise Workshop

https://andersonadvisors.com/tax-wise-workshop-for-businesses-investors/

1031 Exchange

https://www.irs.gov/pub/irs-news/fs-08-18.pdf

Real Estate Professional Requirements

https://www.irs.gov/pub/irs-utl/33-Real%20Estate%20Professionals.pdf

Wills and Trusts

https://andersonadvisors.com/living_trusts/

Opportunity Zones

https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions

Qualified Opportunity Fund

https://www.irs.gov/credits-deductions/businesses/invest-in-a-qualified-opportunity-fund

Form 8996

https://www.irs.gov/forms-pubs/about-form-8996

Capital Gains Exclusion/Section 121

https://www.irs.gov/taxtopics/tc701

CARES Act

https://www.sbc.senate.gov/public/index.cfm/guide-to-the-cares-act

Individual Retirement Arrangements (IRAs) 

https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras

Traditional and Roth IRAs

https://www.irs.gov/retirement-plans/traditional-and-roth-iras

Small Business Administration (SBA)

https://www.sba.gov/

1099 Form

https://www.irs.gov/businesses/small-businesses-self-employed/am-i-required-to-file-a-form-1099-or-other-information-return

Form W-2

https://www.irs.gov/forms-pubs/about-form-w-2

Self-Employment Tax

https://www.irs.gov/taxtopics/tc554

Bonus Depreciation

https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act

Depreciation Recapture

https://www.investopedia.com/terms/d/depreciationrecapture.asp

Cost Segregation

https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-1-introduction

Tax Cuts and Jobs Act (TCJA)

https://www.irs.gov/tax-reform

Healthcare Reform (Affordable Care Act)

https://www.healthcare.gov/

26 U.S. Code Section 469(c)(7) 

https://www.law.cornell.edu/uscode/text/26/469

26 U.S. Code Section 280A

https://www.law.cornell.edu/uscode/text/26/280A

MileIQ

https://www.mileiq.com/

Mar-a-Lago

https://www.maralagoclub.com/

Schedule A

https://www.irs.gov/forms-pubs/about-schedule-a-form-1040

Schedule C

https://www.irs.gov/forms-pubs/about-schedule-c-form-1040

Federal Reserve Economic Data

https://fred.stlouisfed.org/

Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster

https://www.whitehouse.gov/presidential-actions/memorandum-deferring-payroll-tax-obligations-light-ongoing-covid-19-disaster/

Economic Injury Disaster Loan (EIDL)

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance

Paycheck Protection Program (PPP)

https://home.treasury.gov/system/files/136/PPP--Fact-Sheet.pdf

Paycheck Protection Program (PPP) Flexibility Act

https://www.investopedia.com/paycheck-protection-program-flexibility-act-of-2020-an-overview-4846944

Credits and Deductions

https://www.irs.gov/credits-deductions-for-individuals

Charitable Organizations

https://www.irs.gov/charities-non-profits/charitable-organizations

The Private Vault by Greg Boots

https://www.amazon.com/Private-Vault-Gregory-J-Boots-ebook/dp/B00G71IKNA

Toby Mathis

http://tobymathis.com/about-toby-mathis/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Events

https://andersonadvisors.com/all-events/

[email protected]

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

Anderson Advisors on Facebook

https://www.facebook.com/AndersonBusinessAdvisors/

Anderson Advisors Podcast

https://andersonadvisors.com/podcast/

Do you and your family want to live a better life? Be intentional and deliberate. Most families and businesses don’t realize that the financial transformation they are seeking is not in alignment, but opposed to the transformation they desire. 

In this episode, Toby Mathis of Anderson Advisors talks to Eric Dunavant, president and CEO of Paradiem. Since 2007, Eric’s leadership has guided multiple families and businesses to discover greatness, growth, governance, and generosity that makes an impact every day. Before Paradiem, Eric served as a vice president at Charles Schwab and was an associate at Fidelity Investments in charge of managing money market mutual funds.

Eric is a Certified Financial Planner (CFP), Qualified Kingdom Advisor, and Financial Planning Association affiliate. In addition to his certifications, Eric was named New Orleans City Business Money Maker, New Orleans Area Five Star Professional Wealth Manager, and Safe Harbor’s Real Man of St. Tammany Parish. Eric’s book, What If We’ve Been Doing It All Wrong, focuses on how your worldview often interrupts all your financial thinking and behavior.  

Highlights/Topics: 

• Meaning and Purpose: Paradiem means beyond the day, and Eric’s organization empowers families and businesses to live a better story by being more intentional.

Resources

Family Impact Kit: [email protected]

Website: https://paradiem.org/

https://paradiem.org/

What If We’ve Been Doing It All Wrong by Eric Dunavant 

https://www.amazon.com/What-Weve-Been-Doing-Wrong-ebook/dp/B0733WBKT5

Peter Drucker

https://www.drucker.institute/perspective/about-peter-drucker/

Toby Mathis

https://andersonadvisors.com/tobymathis-2/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

Besides guidance from the Internal Revenue Service (IRS) regarding U.S. President Donald Trump’s executive order to allow deferral of the employee portion of Social Security payroll tax, Toby Mathis and Jeff Webb of Anderson Advisors provide further clarification. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• If I sell a piece of land and keep the primary house, what is the 1031 valued at? Is it a $0 or 150k purchase price in 2012? Get each parcel of land appraised to identify value for the basis

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:

The Tax Toolbox (only $495; regularly $1,500)

http://aba.link/ttb920

Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster

https://www.whitehouse.gov/presidential-actions/memorandum-deferring-payroll-tax-obligations-light-ongoing-covid-19-disaster/

Internal Revenue Service (IRS)

https://www.irs.gov/

IRS: Notice 2020-65

https://www.irs.gov/pub/irs-drop/n-20-65.pdf

1031 Exchange

https://www.irs.gov/pub/irs-news/fs-08-18.pdf

Wills and Trusts

https://andersonadvisors.com/living_trusts/

Self-Employment Tax

https://www.irs.gov/taxtopics/tc554

Airbnb

https://www.airbnb.com/

Real Estate Professional Requirements

https://www.irs.gov/pub/irs-utl/33-Real%20Estate%20Professionals.pdf

Form W-2

https://www.irs.gov/forms-pubs/about-form-w-2

Form 1065: Schedule K-1

https://www.irs.gov/pub/irs-pdf/f1065sk1.pdf

Bonus Depreciation

https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act

Depreciation Recapture

https://www.investopedia.com/terms/d/depreciationrecapture.asp

CARES Act

https://www.sbc.senate.gov/public/index.cfm/guide-to-the-cares-act

Small Business Administration (SBA)

https://www.sba.gov/

Cost Segregation

https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-1-introduction

Tax Cuts and Jobs Act (TCJA)

https://www.irs.gov/tax-reform

Healthcare Reform (Affordable Care Act) 

https://www.healthcare.gov/

Individual Retirement Arrangements (IRAs) 

https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras

Traditional and Roth IRAs

https://www.irs.gov/retirement-plans/traditional-and-roth-iras

Capital Gains Exclusion/Section 121

https://www.irs.gov/taxtopics/tc701

Schedule A

https://www.irs.gov/forms-pubs/about-schedule-a-form-1040

Schedule C

https://www.irs.gov/forms-pubs/about-schedule-c-form-1040

Schedule E

https://www.irs.gov/forms-pubs/about-schedule-e-form-1040

Hobby Loss/Safe Harbor Provision 

https://www.irs.gov/pub/irs-utl/irc183activitiesnotengagedinforprofit.pdf

Earned Income Tax Credit

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit

MileIQ

https://www.mileiq.com/

Charitable Organizations

https://www.irs.gov/charities-non-profits/charitable-organizations

26 U.S. Code Section 280A

https://www.law.cornell.edu/uscode/text/26/280A

California Assembly Bill 5 (AB5)

https://www.investopedia.com/california-assembly-bill-5-ab5-4773201

Franchise Tax Board (FTB)

https://www.ftb.ca.gov/

QuickBooks

https://quickbooks.intuit.com/

ADP

https://www.adp.com/

Unrelated Business Income Tax (UBIT)

https://www.irs.gov/charities-non-profits/unrelated-business-income-tax

Unrelated Debt-Financed Income (UDFI) 

https://www.irs.gov/pub/irs-tege/eotopicn86.pdf

Toby Mathis

http://tobymathis.com/about-toby-mathis/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Events

https://andersonadvisors.com/all-events/

[email protected]

[email protected]

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Tax-Wise Workshop

https://andersonadvisors.com/tax-wise-workshop/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

Anderson Advisors on Facebook

https://www.facebook.com/AndersonBusinessAdvisors/

Anderson Advisors Podcast

https://andersonadvisors.com/podcast/

How do you take an existing asset and find alternative ways to profit from it? Or, how do you buy more house than you can afford and live rent-free by building equity and cash flow? House hacking. 

Today, Clint Coons of Anderson Business Advisors talks to Captain Kevin Brenner, co-host of the Active Duty Passive Income (ADPI) Podcast and head coach of Operation A.T.O.M. (Action Takers Only Mastermind). Kevin teaches military real estate investors how to build passive income through smart investments.

Kevin started his real estate investing journey in late 2018, after using his Veteran Affairs (VA) Loan Entitlement to house hack a quadplex in Savannah, Georgia. Through careful quality improvements, Kevin renovated each unit and raised the rents $500 per month/per unit. In July 2019, Kevin joined the ranks of the ADPI team and is dedicated to helping other service members and veterans.

• What is house hacking? Easier way to reduce, eliminate, or cash flow mortgage

Kevin Brenner’s Email

[email protected]

Kevin Brenner on Instagram

https://gramho.com/media/2042907707006247179

Kevin Brenner on Facebook

https://www.facebook.com/kevin.brenner.16

Kevin Brenner on LinkedIn

https://www.linkedin.com/in/kevin-brenner-pmp-783471b6

Active Duty Passive Income (ADPI)

https://www.activedutypassiveincome.com/

Active Duty Passive Income (ADPI) Podcast

https://www.activedutypassiveincome.com/podcast

Operation A.T.O.M. (Action Takers Only Mastermind)

https://www.activedutypassiveincome.com/sales-page-action-takers-only-mastermind-atom

Military House Hacking Book 

https://www.activedutypassiveincome.com/#cb09368810

Military Real Estate Investing Academy

https://www.activedutypassiveincome.com/sales-page-military-real-estate-investing-academy

Nimbus Capital Investment Co.

http://risewithnimbus.com/

Airbnb

https://www.airbnb.com/

Veterans Affairs (VA)

https://www.va.gov/

Neighbor.com

https://www.neighbor.com/

Federal Housing Administration (FHA)

https://www.hud.gov/buying/loans

Clint Coons

https://andersonadvisors.com/clint-coons/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

What are ETFs and why have they become so popular as a way to invest in your favorite companies? These days, ETFs represent a multi-trillion-dollar industry.

In this episode, Toby Mathis of Anderson Advisors talks to William Rhind, founder of GraniteShares, an independent exchange-traded fund built for investors seeking simple, cost-effective access to differentiated investments. It is backed by leading fintech venture capitalists, such as Bain Capital Ventures and Clocktower Technologies.  

William has built and managed businesses in the ETF market for almost his entire career and previously served as CEO of World Gold Trust Services, which is the largest commodity fund in the world.

Highlights/Topics: 

• Exchange-Traded Fund (ETF): Fund listed like a share on the stock exchange that becomes new technology in the asset management space.

Resources

GraniteShares

https://www.graniteshares.com/

GraniteShares on Twitter

https://twitter.com/graniteshares

William Rhind on LinkedIn

https://www.linkedin.com/in/william-rhind-5434367

Bain Capital Ventures

https://www.baincapitalventures.com/

Clocktower Technology Ventures

https://www.clocktowerventures.com/

World Gold Trust Services

https://www.gold.org/news-and-events/press-releases/world-gold-trust-services-names-william-rhind-ceo

BlackRock

https://www.blackrock.com/corporate

Toby Mathis

https://andersonadvisors.com/tobymathis-2/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

As COVID-19 and tax-related relief questions continue, Toni Covey and Jeff Webb of Anderson Advisors answer your tax questions. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• Due to the AB5 Law, my clients can no longer hire me as an independent contractor. Instead, they are hiring out-of-state contractors. Do I need to switch to an S Corp or move my company out of California? It depends and offers various options, such as a worker must be customarily engaged in an independently established trade occupation

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:

Uniform Transfers to Minors Act (UTMA)

https://www.investopedia.com/terms/u/utma.asp

Economic Injury Disaster Loan (EIDL)

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance

Paycheck Protection Program (PPP)

https://home.treasury.gov/system/files/136/PPP--Fact-Sheet.pdf

Paycheck Protection Program (PPP) Flexibility Act

https://www.investopedia.com/paycheck-protection-program-flexibility-act-of-2020-an-overview-4846944

Small Business Administration (SBA)

https://www.sba.gov/

Internal Revenue Service (IRS)

https://www.irs.gov/

Wills and Trusts

https://andersonadvisors.com/living_trusts/

Individual Retirement Arrangements (IRAs) 

https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras

Traditional and Roth IRAs

https://www.irs.gov/retirement-plans/traditional-and-roth-iras

Self-Employment Tax

https://www.irs.gov/taxtopics/tc554

Unrelated Business Income Tax (UBIT)

https://www.irs.gov/charities-non-profits/unrelated-business-income-tax

Unrelated Debt-Financed Income (UDFI) 

https://www.irs.gov/pub/irs-tege/eotopicn86.pdf

California Assembly Bill 5 (AB5)

https://www.investopedia.com/california-assembly-bill-5-ab5-4773201

Franchise Tax Board (FTB)

https://www.ftb.ca.gov/

Capital Gains Exclusion/Section 121

https://www.irs.gov/taxtopics/tc701

Charitable Organizations

https://www.irs.gov/charities-non-profits/charitable-organizations

Real Estate Professional Requirements

https://www.irs.gov/pub/irs-utl/33-Real%20Estate%20Professionals.pdf

Form 1065: Schedule K-1

https://www.irs.gov/pub/irs-pdf/f1065sk1.pdf

Form 8805

https://www.irs.gov/forms-pubs/about-form-8805

1040NR

https://www.irs.gov/forms-pubs/about-form-1040-nr

Passive Activity Losses (PALs)

https://www.investopedia.com/terms/p/passive-activity-loss-rules.asp

Schedule A

https://www.irs.gov/forms-pubs/about-schedule-a-form-1040

Schedule C

https://www.irs.gov/forms-pubs/about-schedule-c-form-1040

Section 105

https://www.irs.gov/pub/irs-drop/rr-03-102.pdf

Tax Cuts and Jobs Act (TCJA)

https://www.irs.gov/tax-reform

26 U.S. Code Section 280A

https://www.law.cornell.edu/uscode/text/26/280A

Bonus Depreciation

https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act

Depreciation Recapture

https://www.investopedia.com/terms/d/depreciationrecapture.asp

Healthcare Reform (Affordable Care Act) 

https://www.healthcare.gov/

Credits and Deductions

https://www.irs.gov/credits-deductions-for-individuals

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Events

https://andersonadvisors.com/all-events/

[email protected]

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Tax-Wise Workshop

https://andersonadvisors.com/tax-wise-workshop/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

Anderson Advisors on Facebook

https://www.facebook.com/AndersonBusinessAdvisors/

Anderson Advisors Podcast

https://andersonadvisors.com/podcast/

What type of expense do you prefer to deduct? There are deductions that you recapture, there are deductions that you don't. There's bonus depreciation, and there are flat out expenses. They're all different. 

In this episode, Toby Mathis of Anderson Advisors talks to Warren Dazio, Executive Vice President – Business Development for Cost Segregation Services, Inc. (CSSI). The engineering-based consulting firm focuses on the tax law for commercial buildings. 

As a natural leader, Warren brings ethics and integrity into every aspect of his life and work. He spent the first 20 years of his career in ministry and has a degree in theology. Later, he pursued an advanced degree in business and received an MBA.

Highlights/Topics: 

• What is cost segregation? Accelerated depreciation on building to reduce income taxes.

Resources

Cost Segregation Offer: https://bit.ly/CSSIGREGBALL

Warren Dazio’s Phone: (225) 241-9823

Warren Dazio’s Email: [email protected] 

Cost Segregation Services: https://www.costsegregationservices.com/

179D Commercial Buildings Energy-Efficiency Tax Deduction

https://www.energy.gov/eere/buildings/179d-commercial-buildings-energy-efficiency-tax-deduction

Section 179

https://www.section179.org/section_179_deduction/

45L Tax Credit

https://www.kbkg.com/45l

Tax Cuts and Jobs Act (TCJA)

https://www.irs.gov/tax-reform

Schedule K-1

https://www.irs.gov/forms-pubs/about-schedule-k-1-form-1065

Tangible Property Regulations with Toby Mathis and Kevin Jerry

https://andersonadvisors.com/podcast/tangible-property-regulations/

Toby Mathis

https://andersonadvisors.com/tobymathis-2/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ