Creating Wealth Real Estate Investing with Jason Hartman CW 1066 FBF - Garrett Sutton – Real Estate Tax Benefits & Millions Of New Renters
Today's Flash Back Friday comes from Episode 717, originally published in August 2016.
The sharers, or those who participate in the sharing economy, are many. They are a huge untapped segment of opportunity for real estate investors. Jason summarizes Mike Willinger's article, I Am a Sharer. Will the sharers create the next big real estate bubble Harry Dent cautions us about? And, taxes are the single largest expense in a person's life. If you are a real estate income property investor or considering becoming one this episode is for you. Jason plays a comprehensive audio clip from Garrett Sutton's book, Loopholes of Real Estate. Jason details and defines the important terms and identifies the caveats so you can be the most informed investor you can be.
Key Takeaways:[1:47] Jason relays Mike Willinger's article about sharers.
[9:08] Will there be a resurgence of suburbs? The autonomous vehicle may make them popular once again.
[11:08] Harry Dent is predicting a real estate bubble. The questions is which markets will be affected?
[13:30] The US has a rigged corporate media system.
[15:54] Who is your favorite tax preparer? Are they Enrolled Agents?
[18:26] Beginning of the audio clip from Garrett Sutton's Loopholes of Real Estate.
[24:13] To qualify for the real estate professional tax incentive you must spend more time your real estate business than in any other business.
[31:12] Property Tracker software makes it easy for real estate professionals to track their time.
[33:40] The Property Fixer app can assist the professional property flipper.
[35:38] Upcoming events include the Venture Alliance in Seattle and the Software and Buying event in Phoenix.
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