Truly Passive Income

Neil Henderson chats with Erik Oliver, president of Cost Segregation Authority, to introduce the exciting world of cost segregation and how it can save passive real estate investors a bundle on taxes. Turn up the volume to learn how cost segregation studies work, when they make sense to pursue, plus tips and tricks for maximizing tax savings.

Timestamps

• [1:40] What is a cost segregation study and how does it work?
• [4:45] Real-life examples of cost segregation savings
• [8:30] Bonus depreciation rules explained
• [12:10] Using cost seg to offset W-2 income
• [17:30] Estimated cost and expected savings
• [23:20] Managing depreciation recapture
• [29:20] Other strategies to minimize taxes

Key Takeaways

• Cost segregation accelerates depreciation deductions by breaking out components of a property into shorter useful lives
• Studies make the most sense on larger commercial properties but can also benefit residential
• 30-35% frontloaded depreciation is typical, more with bonus rules
• Deductions can offset other passive or active income if you meet qualifications
• Expect at least 10x return for cost of study
• Must understand depreciation recapture tradeoffs over long-term

Resources

• Cost Segregation Authority Website: www.costsegauthority.com
• Erik's Email: [email protected]

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Trevor Flor chats with us in today’s episode to introduce an uncommon investment opportunity – Delaware Statutory Trusts (DST). Dial in to learn the ins and outs of DSTs, plus some tips for maximizing returns using this investment vehicle. Redefine how you approach investing now!

Key takeaways to listen for

• [11:42] Delaware Statutory Trust: What it is and how it solves the TIC problem
• [18:13] 1031 exchange vs. DST 1031 exchange
• [20:40] Why DST is more costly than a normal syndication
• [28:00] Optimal investment strategies when using DST
• [32:00] How to know if you are eligible for a DST portfolio
• [40:37] An example of a successful DST story

Resources mentioned in this episode

• [09:07] Episode 17: Retire Early Using 1031 Exchanges with Dave Foster | YouTube and Podcast
• [50:31] Google

About Trevor Flor

Trevor is a financial advisor specializing in 1031 exchanges, Qualified Opportunity Zones (QOZ), and tax-advantaged real estate syndications. He helps accredited investors preserve the benefits of real estate ownership without the direct-owner headaches.

Trevor holds an MBA Degree from the University of North Carolina and a Master's Degree in Real Estate from Fordham University in New York City. He is currently affiliated with DAI Securities, LLC, a member of FINRA/SIPC. 

Connect with Trevor

• Website: DAI Securities
• LinkedIn: Trevor Flor
• Email: [email protected]

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

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Chris Odegard joins us in today’s episode to talk about the world of alternative investments and why they outperform conventional options. Don’t miss out on his insights on various real estate asset classes, limited partnership advantages, and essential tips for investing with your 401k.

Key takeaways to listen for

• [07:51] Why alternative investments are better than conventional ones
• [12:26] The benefits and risks of diversifying your investments
• [14:06] What is the best first investment strategy for beginners
• [18:05] Chris’ expert opinions regarding different real estate asset classes
• [25:35] Advantages of joining communities for investors as a limited partner
• [32:42] Important things you need to know about investing with your 401k

Resources mentioned in this episode

• [07:56] Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki | Kindle and Paperback
• [24:54] Left Field Investors
• [35:20] Get off Your A$$ and Manage Your Money by Chris Odegard | Paperback 

About Chris Odegard

Chris is The Prolific Investor. He is an average guy who had a white-collar job in the corporate world and followed the only thing he knew for decades, conventional wisdom and conventional investment. This worked relatively well until 2009 when he experienced an illiquidity event where he lost 55% of his assets and thousands of dollars per month in cash flow. 

Then, his mind was opened to a different type of investing after reading Robert Kiyosaki’s Rich Dad, Poor Dad. In just nine years, Chris recouped the 55% he had lost and multiplied it many times over and now shares his experience and knowledge through his book Get off Your A$$ and Manage Your Money: Why You Need Alternative Investments and his alternative investment blog at TheProlificInvestor.net.

Connect with Chris

Website: The Prolific Investor

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

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Are you interested in investing in real estate but don’t know where to start? Then this is the episode for you. We invited Lane Kawaoka to join us in discussing valuable insights and strategies that will assist you in uncovering the fundamental keys to passive investing success. Tune in now!

Key takeaways to listen for

• [03:28] An engineer's unique approach to real estate investing
• [08:32] Which investment strategy is right for investors with less than a million net worth?
• [16:25] The importance of building a powerful investment community
• [25:06] How to identify the right people to invest your money in
• [35:20] Biggest advantages of being a real estate operator

Resources mentioned in this episode

• [19:10] The Family Office Ohana Mastermind
• [43:09] The Journey to Simple Passive Cashflow by Lane Kawaoka | Paperback

About Lane Kawaoka

Lane Kawaoka's mission is to help regular people into good deals that were once only accessible to the rich. With over $2.1+ Billion in AUM spread over 10,000+ total units and a decade of successful investing, Lane also hosts the Top-50 Investing Podcast Simple Passive Cashflow and is a member of the Forbes Business Council & Fast Company Executive Board.

Today, Lane is investing in syndications in Class C & B Multi-family apartments, RV Parks, mobile homes, and assisted living facilities because of this Nation's demand for affordable housing – not rich people's Class-A assets. After 12 years as a Licensed Professional (PE) Civil/Industrial Engineer, Lane fired the boss in 2018 to focus 100% of his time on investing and helping others reach the same financial freedom he has.

Connect with Lane 

• Website: Simple Passive Cashflow | The Wealth Elevator
• Podcast: Passive Real Estate Investing via Simple Passive Cashflow Podcast
• LinkedIn: Lane Kawaoka, PE
• Email: [email protected]

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

From unique real estate strategies to the intricate world of content creation, we’re excited to have Spencer Cornelia on our show to share his knowledge and expertise in the realm of investment and financial planning. Join us and gain valuable insights that will help you make crucial decisions that will shape your financial future.

Key takeaways to listen for

• [05:00] A unique approach to starting and growing your real estate career
• [14:47] Challenges in today’s housing market and ways to solve them
• [22:47] Importance of finding the right niche and debunking passive income myths
• [31:01] Top things you need to know about online content creation and monetization
• [43:23] Investing in real estate vs. online content creation

Resources mentioned in this episode

• [03:02] BiggerPockets
• [07:08] Airbnb
• [09:26] YouTube
• [09:49] Pace Morby
• [13:17] TikTok
• [23:40] Coffeezilla
• [35:14] Google AdSense 
• [44:04] The Richest Man in Babylon by George S. Clason | Kindle, Paperback, and Hardcover

About Spencer Cornelia

Spencer is a YouTube content creator with over 440,000 subscribers. He specializes in making videos criticizing "fake gurus." Spencer is also involved in real estate and specializes in house hacking.

Connect with Spencer

• YouTube: Spencer Cornelia
• LinkedIn: Spencer Cornelia
• Instagram: @spencercornelia1

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

If you want to know more about self-storage investment, this episode is for you! Check out today’s episode with Cory Sylvester, where we discuss why self-storage is an optimal investment and look at post-pandemic developmental costs. Click on the play button to learn more!

Key takeaways to listen for

• [10:01] Why self-storage could offer the highest investment returns
• [11:48] The most important factor to consider when investing in a self-storage facility
• [23:07] Key factors highlighting the resilience of self-storage investment 
• [28:92] An overview of developmental costs in the post-pandemic era
• [29:46] How can technology consolidate and optimize self-storage assets?

Resources mentioned in this episode

[11:19] Radius+

About Cory Sylvester

Cory is the co-founder of Radius+, DXD Capital, and Manage Space. He boasts a 14-year experience in the financial and real estate industry, which he leverages in various projects. His primary focus is on establishing the industry’s largest platform dedicated to the construction and acquisition of self-storage facilities. Cory's deep-seated passion centers around harnessing data and cutting-edge technology to optimize the development, operational efficiency, and investment strategies for self-storage properties across the United States.

Connect with Cory

• Website: DXD.CAPITAL
• X: @StorageDataDev
• LinkedIn: Cory Sylvester

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Are you a passive investor looking for profitable investment opportunities? Tune in to today’s episode with Chris Larsen as he shares the story of his success across diverse assets and offers achievable steps to pave your way toward generational wealth. Tap on the play button to begin your learning experience now!

Key takeaways to listen for

• [09:15] The ultimate framework for finding multiple lucrative investments
• [25:18] Expert tips for long-term customer relationships in the car wash business
• [29:33] An optimal strategy to reduce your operation costs by 30%
• [32:52] Real estate market outlook and factors that affect your business
• [37:23] Building generational wealth: Practical steps to teach kids about money

Resources mentioned in this episode

• [01:40] Virginia Tech
• [19:56] Hurricane Express Wash

About Chris Larsen

Chris is the founder and principal of Next-Level Income. He transitioned from an 18-year career in the medical device industry to empowering others to achieve financial independence through educational initiatives and investment prospects. With over 20 years of experience in real estate investment and management, he demonstrates proficiency in various facets of the field, such as development, private lending, distressed debt, commercial office properties, and syndications. 

His portfolio includes hotels, multifamily residences, car washes, self-storage units, mobile home parks, and senior housing. Since 2016, Chris has actively engaged in real estate acquisitions totaling more than $1.5 billion.

Connect with Chris

Website: Next Level Income

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Are you eager to become an investor but find yourself short on time? Learn about an innovative way to earn passive income in today’s episode with Sam Wilson as we talk about an up-and-coming investment opportunity that’ll help you earn steady cash flow. Tune in now for more!

Key takeaways to listen for

• [04:19] Ups and downs of investing in the parking space
• [13:49] 3 things to look for in passive investors as an operator
• [22:34] Advantages of investing in laundry facilities
• [27:39] The best business model to follow for a laundry facility
• [39:16] Essential things to consider when operating a laundromat

Resources mentioned in this episode

• [14:20] Airbnb 
• [22:50] Google
• [24:23] Tide
• [30:25] DoorDash

About Sam Wilson

Sam has been an active investor in self-storage, parking, multi-family properties/apartments, single-family homes, RV Resorts, and laundry facilities for over a decade. Sam also has a diverse business ownership and management background, allowing him to participate in various asset classes.

His weekly podcast, How to Scale Commercial Real Estate, is rated in the top 1% worldwide, has 40K+ monthly downloads, and boasts nearly 800 episodes with industry influencers. Sam focuses solely on the laundry facility space for his personal and investors’ portfolios.

Connect with Sam

• Website: Bricken Investment Group
• Podcast: How to Scale Commercial Real Estate

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Ready to discover the secrets of real estate success? Check out today’s episode with Taylor Loht, where we chat about the power of time investment, plus some game-changing hacks to help you raise capital like a pro. Press that play button to learn more!

Key takeaways to listen for

• [04:04] Difference between investing in Wall Street vs. real estate
• [09:06] Strategies to earn cash flow as a real estate investor
• [13:17] Actionable tips to boost your capital-raising capabilities
• [23:51] How social media platforms can help you find potential investors
• [33:53] An expert advice on how to vet your real estate operators

Resources mentioned in this episode

• [00:39] The Road to Family Freedom
• [01:56] The Intelligent Investor by Benjamin Graham and Jason Zweig | Paperback and Hardcover
• [10:38] Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle and Paperback 
• [19:36] Who Not How by Dan Sullivan | Kindle and Hardcover 
• [25:33] BiggerPockets 
• [37:06] Google

About Taylor Loht

Taylor is the founder of NT Capital Group. He started his real estate investing career to escape from the uncertainty of Main Street in his investments. Taylor started NT Capital to help others access different types of investment opportunities. He also has a podcast that he hosts called Passive Wealth Strategy Show. 

Connect with Taylor

• Website: NT Capital | Passive Wealth With Real Estate
• Podcast: Passive Wealth Strategy Show - Real Estate for Busy Pros
• YouTube: Passive Wealth Strategy Show
• Email: [email protected] 

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

On this episode, we welcome Brian Davis, a real estate investor who started buying rental properties shortly before the 2008 house collapse. After that expensive lesson, Brian went on to co-found Spark Rental, a platform for educating others on passive real estate syndications.

Brian walks us through his journey from investing his own money to pooling funds as a club. We discuss the club's diversification across operators, geographies, asset classes and debt terms. Brian also shares how he designed his location-independent lifestyle, his family's adventures living abroad, and the intentional choices they make around communities, schools and investing.

[00:00:22] Brian's start in real estate and early lessons

[00:02:19] Most valuable lesson from the recession

[00:06:20] Back to fundamentals of analyzing deals

[00:08:31] Forming a real estate investment club

[00:11:19] Club's process for vetting deals

[00:18:07] Pursuing diversification across strategies

[00:21:01] Starting the overseas expat life

[00:25:11] Different asset classes get different loan rates

[00:27:54] Dollar cost averaging over market timing

[00:34:05] Living intentionally to reflect values

• Brian started buying rental properties before the 2008 recession, when he lost money and learned valuable lessons about analyzing deals.
• After co-founding Spark Rental, Brian discovered syndications were an easier way to invest passively in real estate.
• Spark Rental's investment club pools funds to make syndications accessible to small investors, pursuing diversification across operators, geographies, asset classes and debt terms.
• The club vets deals thoroughly, leveraging the community's collective intelligence to ask sponsors tough questions and uncover risks.
• Brian designed his business and investments to enable a location-independent lifestyle with his family across the world.
• He believes in steadily dollar cost averaging into diverse real estate deals rather than trying to time markets.

• Spark Rental website: sparkrental.com
• Brian's email: [email protected]
• Spark Rental on Instagram: @sparkrental

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here