Unlock the secrets to building long-term wealth with real estate mogul Jim Sheils in this latest Legacy Wealth Code episode. Having triumphed over the challenges of Andrew's heart surgeries, my co-host and I, Michael Notbohm, are thrilled to bring you a conversation brimming with strategies for cultivating a robust portfolio. Jim, a partner with Southern Impression homes, takes us through his remarkable journey from seizing foreclosures to pioneering within the build-to-rent sector, crystallizing why patience and top-tier investments are non-negotiable for legacy builders.

Imagine a world where construction loans are a relic of the past. That's the reality we've created at our firm post-acquisition by Sumitomo Forestry, a game-changer for buyers weary of the traditional hassles. In this conversation, we peel back the layers on our edge in securing favorable mortgage rates for clients, while dissecting Florida's housing market with precision. With insights on rental inventory management and risk assessment, we equip you with the foresight to navigate the housing landscape with confidence.

This episode isn't just about the nuts and bolts of the market; it's a masterclass in investment strategy. From the allure of single-family homes and duplexes to the high-demand quad properties, we lay out the blueprint for selecting markets poised for growth. Join us as our guest imparts the wisdom of balancing the scales between holding power and recognizing market corrections, affirming the enduring rise of real estate as a cornerstone of wealth. For any investor, from the greenhorn to the grizzled veteran, this is your map to charting a course toward a prosperous real estate legacy.

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Embark on a wealth-building adventure with Patrick E. Donohue, the valuation virtuoso and Hill Capital Corporation's pioneering founder, as he lays out the roadmap to amassing riches in business and in real estate. Our shared stories of youthful business escapades set the stage, reinforcing the age-old wisdom that an asset's true worth is what a buyer is ready to fork over. Patrick's dual expertise in fundraising and investing brings a unique perspective to the art of the capital raise, advocating for the kind of simplicity in pitches that resonates with investors. You'll find yourself nodding along as we dissect the anatomy of a successful investment deal and underline the necessity of trust and emotional resonance in the business world.

It's not all dollars and deals, though; in this episode, we also shine a light on the community-centric side of entrepreneurship. Through initiatives like One Million Cups and the Entrepreneurs' Organization, we foster relationships that often bloom into fruitful partnerships, such as the one with Mercury Mosaics.  Whether you're a seasoned entrepreneur or just taking the first steps in the business arena, this episode promises invaluable insights into the multifaceted world of securing investments and cultivating enduring business relations.

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Join us on a journey to financial success and legacy building as we sit down with the incredibly insightful Alexis Gallati, a tax strategist with a knack for making tax planning an accessible and powerful tool for everyone. Imagine a world where even ordinary individuals can leverage the same tax strategies employed by the wealthiest among us to secure their financial future. That's what we unpack in this enlightening conversation with Alexis, where we break down the significant differences between a tax preparer and a tax strategist.

In our journey to financial stability, Health Savings Accounts (HSAs) and retirement plans often go underutilized. Fortunately, we have Alexis to guide us through the intricacies of these tools and how to maximize their potential! From saving receipts for future use to fully leveraging employer-matched retirement plans, we navigate the terrain of cash balance plans—a complex yet potentially rewarding venture that demands careful management. We even delve into the world of deductions that can be claimed for personal expenses through businesses, a topic sure to pique the interest of small business owners and the self-employed!

Tax strategy doesn’t have to be complex, and it’s not just for the super-rich. Whether your income comes from a W2 or 1099s, we’ve got you covered. We explore retirement planning and tax strategies tailored for individuals with mixed-income sources. Alexis also enlightens us on the wide spectrum of deductions that can be taken for personal expenses through a business—from the home office and mileage to per diem for travel. Wrap up your listening experience with our deep dive into Opportunity Zones and 1031 Exchanges, alternatives that could offer tax-free income and appreciation. It’s a comprehensive financial masterclass you wouldn’t want to miss! Remember, your path to a financially secure future and legacy building may just be a podcast episode away. Tune in, and let's begin this journey together!

CONNECT WITH ALEXIS 

[email protected] 
 CerebralTaxAdvisors.com
CerebralWealthAcademy.com
617-699-3487 (TEXT) 

in/Alexis-Gallati  /CerebralTax 

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Ready to unearth the secrets of successful real estate investing and hard money lending? For this episode of the Legacy Wealth Code podcast, we had the pleasure of chatting with Ryan McGuinness an industry titan who started his adventure in equities and options before hitting the jackpot in real estate. Ryan walks us through his shift from flipping houses to private lending in 2015, introducing us to a business model that offers both quick loan approvals and a passive investment avenue for lending partners. 

As we navigate the landscape of hard money lending, Ryan opens up about the rewards and risks tied to lending vast sums to real estate investors. He shares his journey to growing his business to a whopping $90 million, all while maintaining premium service quality. Ryan delves into the art of building robust relationships with lending partners and managing borrowers, offering invaluable insights to anyone looking to make it in the industry. 

But that's not all. We steer the conversation towards real estate investing, where Ryan, now the CEO of a thriving lending company, spots the benefits of investing in short-term loans. We talk about the impact of rising interest rates on the real estate market and how hard money lending can be a lifeline for real estate agents and buyers. So, gear up for an episode brimming with golden nuggets about the real estate market and hard money lending.

Contact RPM  Realty Investments at 352-262-3722
Instagram @rpmrealtyinv

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Ever dreamt of building lasting wealth, but don't have heaps of cash to invest? The truth is, you don't need a fortune to start investing in real estate. In today's discussion, we, your hosts, Michael Notbohm and Andrew Hoek, decisively shatter this common myth and guide you on the path to financial freedom. We unfold the journey of a savvy investor who, with a small down payment in 2018, reaped incredible equity and tax savings by 2023. We're pulling back the curtain on strategic real estate leverage and smart tax planning to help you craft a thriving investment portfolio.

Prepare to be intrigued as we dissect a wealth-building strategy that revolves around real estate investment, showing how a modest duplex bought in 2018 for $250,000 could yield a staggering $692,000 profit by 2024. We'll illuminate the way to reinvest these profits and expand your financial horizons while securing tax benefits. Discover the art of resisting lifestyle creep, staying disciplined, and focusing on asset accumulation. We explore how to balance your tax savings for both future investment and present enjoyment. So, if you're pondering real estate as an investment vehicle, this episode is designed to guide you in making calculated moves towards a solid financial future.

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Ready to take your real estate investment strategies to the next level? We promise that by tuning in to our latest episode, you'll understand how to maximize your tax benefits before the year ends using cost segregation strategies and bonus depreciation. We dissect the inner workings of cost segregation, highlighting how bonus depreciation was at a staggering 100% from 2017 until 2022, before dropping to 80% in 2023, and then plummeting by 20% each year until it disappears. Discover what other investment avenues offer higher initial deductions than single-family homes and how you can deduct as much as 25-30% on an $800,000 structure.

Ever wondered why office buildings and car washes could be your ticket to significant tax savings? We take you through a journey revealing the tax boon these assets can offer. The power of cost segregation and its dwindling bonus depreciation period is explained, underlining the urgency to implement these strategies. We also delve into the essentiality of mastering the use of the tax code, which could be your secret weapon for wealth creation. Throughout the episode, we underline the discipline required for shrewd investing and the importance of leveraging government incentives. Get ready for real-world examples and insights that illuminate the potential tax deductions on structures like an $800,000 office property. This episode is a treasure trove for anyone looking to elevate their tax savings game and real estate investments.

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Get set to unlock the world of real estate and mortgages in our enlightening conversation with the industry virtuoso, Doug Schmitzer. With his profound experience in the mortgage business and the property market, Doug unravels the enigma of the current market scenario, the escalating rates, and their influence on people's buying behaviors. Despite the high rates and market changes, Doug elaborates on how home buying remains a constant pursuit, offering a clear picture of the industry dynamics.

Are you a first-time homebuyer? Navigate the complexities of the current market with our astute guest. We delve into the challenges you might face, and dissect how supply and demand are influencing those planning to upscale. From FHA assumable loans to private money and hard money loans, we dissect various alternatives while shedding light on the intricacies of transforming a property from a flip to an Airbnb. 

In the final leg of our intriguing dialogue, we underline the significance of legacy and setting the right priorities. Doug shares his conviction on how a goal and legacy to strive for can impact financial success. He candidly talks about his outlook on having financial success without a strong bond with his family. We wrap up our conversation discussing the best advice for a college freshman, ensuring this episode is a treasure trove of insightful advice and motivation.

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Are you ready to stretch your real estate investment boundaries? In our latest episode, we sit down with Romano Muniz, the COO of Blue Modo Media. His fascinating journey from residential to commercial and industrial real estate is full of innovative strategies that will make you question everything you thought you knew about property investment.

Romano regales us with tales of buying properties at an astounding 80% discount in bankruptcy deals, and how he's learned to leverage the time value of money. From low buying to high appraising, we tackle a range of strategies that have helped Romano achieve massive success. He gives us an inside view into his unique methods of investing in real estate, which include unconventional tactics like leveraging cell phone rights and using cost segregation. The world of creative financing is vast and varied, and we discuss options like seller financing, assumable mortgages, and rev share agreements that can open up new opportunities for your real estate ventures.

But successful investing isn't just about the deals and dollars. We get real about the challenging aspects of real estate, emphasizing the importance of being strategic and intentional in all actions. Moreover, we reflect on the importance of building generational wealth and creating a legacy that will outlast us. This episode is an infusion of wisdom and actionable strategies that will inspire you to elevate your real estate game to new heights.

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You're not just in for an informative episode but a wealth of wisdom on real estate investing trends and opportunities. Your hosts Michael and Andrew, roll up our sleeves to dissect the current state of the real estate market. We scrutinize the surprising resilience of the market despite the indicators suggesting otherwise, and unearth potential hotspots for investors amidst the projected downturns. Listen in as we delve into the boom of growth in the larger cities, predominantly in multifamily apartment complexes, condos, and class C apartment complexes. Plus, we reveal how savvy investors can ride the wave of markets that have strong job growth and tax benefits.

Venture with us into the second half of our episode as we delve into the challenges of providing affordable housing in today's market. From the high cost of construction to finding willing sellers, we unravel the complexities of this sector. But don't despair just yet! We share our insights on the hidden potential of manufactured homes and the opportunities that the current interest rate landscape may offer. And for those with an eye on the future, we discuss what economists predict about travel and spending habits come summer 2023. With Labor Day as a key date to watch, this episode is jam-packed with insightful tips, strategies, and forecasts that could guide your next move in the real estate investing world.

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Wondering how to master the intricacies of underwriting deals in the real estate sector? How about a dose of insightful market analysis and investment tips from your friendly hosts, Andrew Hook and I? This episode is a melting pot of our experiences and knowledge, offering a well-rounded perspective on how factors like market trends, tenant expectations, and the right property management can significantly impact a property's value and potential.

We kick off with a deep dive into real estate deal analysis, looking at various metrics to determine a good investment, along with potential appreciation prospects. We emphasize the importance of understanding the local climate, population growth, and industry trends. Moving forward, we explore how to gauge investment opportunities and potential growth, emphasizing tenant expectations and the value of a reliable property manager. The episode concludes with our thoughts on the importance of staying updated on market trends and acting based on in-depth research. So, plug in your headphones and let's embark on this insightful journey into the world of real estate!

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