Passive Real Estate Investing
The Current State of Real Estate Tax Incentives with Tom Wheelwright | PREI 293
Sep 22, 2020
Tom Wheelwright, bestselling author of Tax-Free Wealth and a leader in wealth strategy for investors, shares groundbreaking insights in this discussion. He emphasizes the crucial role of tax incentives in wealth creation, detailing how savvy investors can navigate changes stemming from the 2017 Tax Cuts and 2020 CARES Acts. Tom highlights strategic tax reduction methods, including using retirement funds for property investments, cost segregation, and proactive planning. His vision encourages listeners to take control of their financial futures through informed tax strategies.
50:38
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Quick takeaways
- Tom Wheelwright emphasizes the importance of financial education to effectively navigate tax laws and empower individuals in wealth-building.
- The podcast discusses significant tax legislation changes that favor business owners and investors, particularly due to the Tax Cuts and Jobs Act and the CARES Act.
Deep dives
Building Wealth Through Tax Education
Financial education is emphasized as a crucial tool for overcoming economic challenges. A notable guest in the episode, Tom Wheelwright, discusses his extensive background as a CPA and tax strategist. He explores the significance of understanding tax laws to leverage incentives provided by the government. By educating individuals about effective tax strategies, he aims to empower them to build wealth without relying solely on external advisors.
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