The WealthAbility Show #138: Have you wanted to invest in Real Estate but are discouraged and don’t know where to start? Or are you already well versed in the world of investing and are exploring a deeper understanding in an uncertain economy? In this episode, Dr. Tom Burns joins Tom in discovering how to successfully invest in Real Estate by utilizing the government’s incentives, and the importance of seeking knowledge within your community and beyond.
Order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: winwinwealthstrategy.com/
00:00 - Intro
06:22 - Can you start small in Real Estate? What are some setbacks to prepare for?
12:13 - Why is it critical to seek mentorship and coaching even when you are successful?
17:20 - Breaking down an example to purchasing real estate and why cap rates are so important.
22:20 - To use debt or not to use debt?
27:38 - Can Real Estate investors remain realistic, but confident, in an uncertain economy?
30:50 - What is “Bonus Depreciation”?
37:20 - How important is the tax side for Real Estate investors? Why?
42:00 - What’s going on in the market right now - from capital calls, interest rates, loan caps, etc.?
Looking for more on Tom Burns?
Website: richdoctor.com
Book: “Why Doctors Don’t Get Rich: How YOU Can Create Freedom with Passive Income Investing”
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. wealthability.com/tom/
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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.