The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Fitch's Monumental Move: Delve into the recent seismic shift in the financial world as Fitch downgrades the U.S. debt rating from triple A to double A plus. Explore the reasons behind this historic decision and its potential implications for global markets.Economic Chessboard: Navigate the economic landscape as interest rates fluctuate, with Powell's insights suggesting a possible increase ahead. Analyze the potential effects of these rate hikes on different sectors and unpack whether we're on the cusp of a recession or just facing temporary turbulence.Insurance Challenges: Peer into the world of multifamily property owners as they grapple with soaring insurance premiums. Uncover how these hikes impact the bottom line and learn about strategies to mitigate their effects on real estate investments.Demographic Drivers: Zoom out to the global stage and discover the intriguing age shifts taking place around the world. Explore how these changing demographics are poised to influence investment choices, with generational renters and shifting workforce dynamics in the spotlight.Long-Term Investing Wisdom: Gain valuable insights from seasoned investors on long-term investing strategies. Learn how to navigate uncertainty, leverage alternative investments, and potentially seize opportunities in the midst of economic challenges. Hosted on Acast. See acast.com/privacy for more information.

Ever wondered what it's like on the other side of an IRS audit? Join us for an illuminating discussion with Robert Norland, a former IRS special agent, who gives us an insider's view of the entire auditing process, and the difference between a criminal and civil investigation. We will unveil the veiled practices of the IRS in assessing and collecting taxes. We discuss the weighty topic of tax evasion and avoidance, and what makes an expense a legitimate business one. How often do people get flagged or audited by the IRS? What are the odds? Together with Robert, we delve into these aspects, shedding light on how technology, specifically artificial intelligence, is aiding the IRS in catching tax evasion and fraud cases. We turn the spotlight on the 2018 security act and how it brought changes to IRS tax filings. To top it off, we also discuss the indicators of fraud that the IRS watches for, giving you insights on what not to do.Finally, imagine saving money through real estate taxes. That's right! We explore the world of real estate tax incentives, how you can leverage them, and where to find resources to learn more. Special guest Robert Norland shares his knowledge on this intriguing topic. This episode is sure to be a game-changer in your approach towards tax strategies. So, buckle up to gain a better understanding of the IRS and how to navigate your tax strategy like a pro. Hosted on Acast. See acast.com/privacy for more information.

Ever wanted an insider's view on the latest in investor news? Well, you're in luck! Tune in as we dissect the Fed's decision to increase interest rates and explore how it reverberates across sectors like workforce housing. Now, you might be wondering what asset class Blackstone just unloaded? We've got you covered, as we delve into their recent decision to sell their self-storage portfolio to Public Storage for a whopping $2.2 billion - a bold move that raises intriguing questions about the asset class. But it's not all numbers and stats - we're also bringing some Hollywood to the mix. We're discussing actress Cameron Diaz's surprising decision to retire at 45, a move that is almost unheard of in Hollywood. It's a thought-provoking story that encourages us to reflect on when 'enough is enough' in our own careers and financial pursuits. We round off the episode with a sobering report from Harvard on the decreasing supply of low-cost rentals countrywide, reminding us of the enduring worth of residential real estate. So buckle up, folks! It's going to be an illuminating and engaging ride through the world of investor news Hosted on Acast. See acast.com/privacy for more information.

Ever wondered about the career progression of an engineer in the property development world? Prepare to be enlightened as Greg, a seasoned professional engineer, walks us through his intriguing journey from starting out as a design engineer to becoming a consultant, and then a pivotal player at a development firm. We also dissect the role of a property manager, stressing the crucial function of effective communication in sealing development deals. Stay tuned as we dissect the remarkable differences between development deals and existing infrastructure projects and illustrate the importance of investors conducting rigorous due diligence.This episode isn't all about careers, though. Brace yourself as we tackle the financial hurricane that hit our budgets due to the soaring lumber prices. Learn how we braved this storm by buying lumber in separate tranches and the tactics we used to minimize the damage. Take notes as we expose the sneaky tricks contractors might employ and share tips on crafting a contract that discourages such behaviors. But the ride doesn't stop here. We also navigate through the rough terrain of construction projects, discussing neighbor disputes, unplanned costs, and the challenges of managing opposition on large-scale projects.As we journey further, we explore the challenges of staffing and working with third-party professionals in the civil engineering world. We share our own encounter with a contractual claims process, emphasizing the vital role of having a professional engineer on the project. From managing insurance claims and city-related delays to dealing with the complexities of the residential workforce housing market, we leave no stone unturned. Join us as we offer you a front-row-seat to this thrilling rollercoaster ride through the world of development and engineering. So strap in, sit tight, and let's delve into this exciting world together! Hosted on Acast. See acast.com/privacy for more information.

In this week's Investor Weekly News Update for July 24th, several topics are covered. Crowdfunding Website Bankruptcy: The crowdfunding website, Nightingale Office Real Estate Investments on Cross Street, has filed for bankruptcy due to inadequate due diligence on their part. This has surprised many as crowdfunding websites were thought to act as broker-dealers, but they do carry some risks for investors. Real Estate Market Review: The new home market has been thriving in the first half of 2023, despite high mortgage rates. However, there are concerns about a potential downturn in 2024 due to a decrease in new construction projects. Top States for Relocation: Texas and Florida are the most sought-after locations for people looking to move across state lines, while Florida sees the highest volume of search queries from residents wanting to leave the state. Rising Insurance Costs: Insurance premiums for multifamily and commercial properties have been increasing due to inflation and catastrophic risks. Some locations, particularly on the Gulf Coast, have seen significant rises in insurance costs. Hosted on Acast. See acast.com/privacy for more information.

Get ready to elevate your wealth as we embark on a journey of growth, change, and insight in our latest Investor News update. We promise to deliver not just news, but also a wealth of knowledge that you can leverage. We'll start by sharing some big developments, like the reconstruction of our website, where you'll soon find a treasure trove of e-courses - all for free! From syndication to infinite banking, these courses are designed to push you further up the wealth elevator.This episode contains content about:5 billion in assets, and institutional operators with larger capitalization.Lower-end operators struggling with higher expenses and debt due to purchasing assets at higher prices, lack of personal net worth to support deals.Pre-institutional level operators with increased personal networks contributing to projects and using capital calls or personal reserves to address financial needs.Institutional operators relying on Wall Street money to fund deals, using rescue capital, and potentially diluting LPs' positions.Dangerous cities in the US include some in the South and Southeast as well as West Coast cities like Tacoma, Stockton, Oakland, and San Bernardino.Economists debating a second Fed rate hike due to cooling inflation, but core inflation remains elevated above the 2% goal.Positive economic indicators, with non-farm payroll employment increasing and the economy expanding, supporting the possibility of further interest rate hikes. Hosted on Acast. See acast.com/privacy for more information.

This episode promises to unravel the intricacies of strategic thinking that seep into every successful business venture, fueled by my personal tryst with corporate America. You'll learn the underlying factors that separate these two distinct segments of the workforce - the cerebral intellectuals and the hands-on house flippers. Additionally, we turn the spotlight on Alabama, a hidden gem now heralded by the Wall Street Journal as an affordable paradise for retirees. The second half of our discussion immerses you in the latest happenings of the US housing market - a realm currently brimming with sales. For the first time in nearly a year, the average US home is selling above the asking price. We delve into the reasons behind this trend, from low inventory and unwavering demand to homeowners capitalizing on favorable market rates. News on the real estate front gets even more interesting as we dissect the implications of Peer Street's recent Chapter 11 bankruptcy filing on real estate syndicators. This episode promises a deep and engaging understanding of real estate investments - an absolute must-listen for anyone keeping an eye on the housing market pulse. Hosted on Acast. See acast.com/privacy for more information.

Get ready to elevate your wealth as we embark on a journey of growth, change, and insight in our latest Investor News update. We promise to deliver not just news, but also a wealth of knowledge that you can leverage. We'll start by sharing some big developments, like the reconstruction of our website, where you'll soon find a treasure trove of e-courses - all for free! From syndication to infinite banking, these courses are designed to push you further up the wealth elevator.We'll also talk about how we're breaking new ground with our rebranding and upcoming book release. On the economic front, we'll dissect current trends with a spotlight on interest rates and rent changes. By tapping into expert projections from the Urban Land Institute's spring real estate economic forecast, we'll help you understand what to expect in the commercial real estate transaction volumes and GDP growth. We're not just giving updates; we're providing context and implications for your investments. So if you want to stay ahead in the game, this episode is a must-listen! Hosted on Acast. See acast.com/privacy for more information.

Get the inside scoop on the world of IRS tax processes with our esteemed guest, Joe Mastrianoo from taxproblem.org. Gain an understanding of Joe's unique insights and strategies, including his foolproof four-part audit prevention checklist. You'll come away appreciating the intricacies of IRS codes, regulations, and discerning which receipts to hold onto for deductions.As we journey through this discussion, Joe demystifies the concept of the discriminant income function (DIF score) used by accountants to evaluate your average contributions. You'll learn why tax deductions are vital and how filing an extension could be your saving grace. Investors, pay attention to Joe as he advises on taking every possible deduction that can be substantiated, providing justification for exceptional expenses.We'll also broach the chaos in the IRS that ensued from the onset of COVID. Joe underscores the importance of a professional review on your return to ensure it withstands an audit. We'll weigh the potential costs and benefits of filing taxes with the IRS and the consequences thereof. Wrapping up, Joe emphasizes the cruciality of offering evidence to the IRS to steer clear of penalties. Don't miss out on this episode- it's a treasure trove of wisdom on navigating the IRS tax process and warding off potential issues. 0:02:25 - Maximizing Tax Return Accuracy and Protection 0:07:42 - Benefits of Filing Taxes in October 0:12:01 - Navigating Business Expenses and Tax Returns 0:16:48 - Tax Return Documentation and Cost Analysis 0:19:51 - Navigating IRS Audits and Tax Preparation0:24:18 - Challenges and Advice for E-Filing Taxes 0:31:59 - Focus and Avoid Distractions 0:36:03 - Focus and Productivity in Daily Goals Hosted on Acast. See acast.com/privacy for more information.

• The Federal Reserve decided to keep interest rates unchanged in their recent meeting.• Insurance costs have been rising, especially due to recent weather events like hurricanes, impacting real estate investments in certain areas such as Dallas.• An underground seller called Underground Seller went bankrupt, leaving many customers wondering about the authenticity of the purchased wines.• The San Diego retreat is happening soon with an abbreviated schedule and plans for the annual retreat in Hawaii are still intact.• There is a shift in demand from owning to renting due to high home prices and rising mortgage rates, making home ownership less affordable compared to renting.Connect with me:LinkedIn: https://www.linkedin.com/in/lanekawaoka/Facebook: https://www.facebook.com/SimplePassiv... Instagram: https://www.instagram.com/simplepassi...Watch & Listen:YouTube:    / @simplepassivecas...   Apple Podcast: https://podcasts.apple.com/podcast/si...Spotify Podcast: https://open.spotify.com/show/1TrHc3f... Website Link: https://simplepassivecashflow.com/ Hosted on Acast. See acast.com/privacy for more information.