The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Jennifer is a management consultant living in New York. She's been in the Hui mastermind group for a couple of years and has been struggling to purchase her 1st rental property. We go over some of the mistakes she has made such as making over-complicated spreadsheets, buying a property close to home (when you live in a primary market), and much more! If you're also struggling to buy your 1st rental, check out simplepassivecashflow.com/turnkey to get started. We're also launching the 5-month remote investor incubator where we guide you to buying your 1st rental https://crowdfundaloha.com/incubator/.

Hosted on Acast. See acast.com/privacy for more information.

Robert Althuis is the founder of Whisper, a mindfulness organization that provides coaching strategies with tools and techniques that help clients in their businesses. He shares with us some tactics and tips on how to live with intention rather than just living to make more money.

Hosted on Acast. See acast.com/privacy for more information.

Mike is a construction manager in Seattle with a Civil Engineering background. He started investing in turnkeys in 2017 and has moved on to syndications. Lane and Mike discuss renting vs buying a home, investing with spouses, and strategies to grow your wealth after becoming an accredited investor!

Hosted on Acast. See acast.com/privacy for more information.

The Texas freeze had many investors worried as the HUI Deal Pipeline Club has many holdings located in Texas. Rest assured, that's why we invest in syndications where the damage was minimal compared to the amount of monthly revenue that comes in. In this monthly report, we also answer the question "Is now a good time to invest?". If you're under a quarter million or half a million-dollar net-worth, it's time to get off the active income and start investing in turnkey rentals. Need help to get started? Join the 5-month remote investor incubator where we teach you step-by-step on how to buy your 1st turnkey rental, more information at simplepassivecashflow.com/turnkey

Hosted on Acast. See acast.com/privacy for more information.

In this podcast, we go beyond the instant noodle diet and discuss other fun ways to save money like claiming free money, attending Harvard/Yale for FREE, going on virtual tours of foreign countries, and more! These are all great ideas for the "cheapos" out there or for those who just want to be smart with their money.

Hosted on Acast. See acast.com/privacy for more information.

Ahmed's life story is the "American Dream" moving to America in 1989, getting a high-paying job, and now he is close to becoming financially free! Ahmed started off in accounting and currently is a software quality assurance manager for a consultant company. Ahmed shares how he embraces frugality, personal responsibilities in finance, as well as how he sees real estate as an important vehicle to get to the next level. Ahmed built his passive wealth by partnering up with others who complement his weaknesses and purchasing single-family homes and later then transitioning to townhomes. Learn more about syndications at https://simplepassivecashflow.com/syndication/

Hosted on Acast. See acast.com/privacy for more information.

A cost segregation study separates a property's components (structural components, personal property, and land improvements) to provide you with greater tax deductions. Bill Smith shares a cost-effective strategy to do a cost segregation on single-family homes or other properties under $1 million dollars. Check out simplepassivecashflow.com/costseg to learn more and to get a discount to do your own DIY cost segregation! If you want to contact Bill, his email is [email protected]

Hosted on Acast. See acast.com/privacy for more information.

With a new president in office, we can expect some new tax changes. Today we discuss some of those changes and how they will affect you. We also talk about where people are moving to and what are the hot markets to invest in. If you want to listen to all of the turnkey rental property audio recordings go to simplepassivecashflow.com/turnkey-download.

Hosted on Acast. See acast.com/privacy for more information.

James Rickard is a well-known economist who explains the New Great Recession we're currently in. Forget about the unemployment rate when judging the health of an economy, James explains what factor you should really be looking at. We go over the current state of the US economy and how our "Stimulus Plan" isn't really stimulating anything. If you're going to be using retirement funds, the QRP is the way to go. Check out the article simplepassivecashflow.com/qrp to learn how to avoid UDFI and UBIT tax (if you don't know what that is, go read about it!)

Hosted on Acast. See acast.com/privacy for more information.

In the real estate syndication world, there are noobs, middle-market operators (me), and larger institutional operators managing institutional assets. We will go over the pros and cons of institutional operators and how the Hui Deal Pipeline Club is more of a middle-market operator, where we help the middle-class invest in cashflowing assets. Join our investor club simplepassivecashflow.com/club

Hosted on Acast. See acast.com/privacy for more information.