The Next-Level Income Show

The more ways to depreciate tax, the better. In this episode, we take a deep dive into one strategy that will help offset your income tax from rental properties: cost segregation. Chris Larsen sits down with Yonah Weiss, a powerhouse with property owners' tax savings and the Business Director at Madison SPECS, to help us understand what this means and how we can apply it. Plus, he also explains when cost segregation makes and does not make sense according to the type of properties you have. Chris and Yonah then take a closer look into multifamily and share a couple of advice that would be helpful in every real estate investor’s journey.

Thinking of investing in tax liens but have no idea how to go about it? Melanie Finnegan from Tax Lien Wealth Solutions has the answers. In this episode, she joins host Chris Larsen to discuss what a tax lien is, how you can invest in them yourself, and how her company takes advantage of this interesting niche in the real estate market! She breaks down the anatomy of a tax lien and sits you down in a real-life scenario of how the process goes. What is more, Melanie then shares where she buys her properties and provides some helpful tips and tricks to help you find your own.

Looking to build a business or product? Jon Jones has some ideas that may help you.

Jon Jones is an Asheville-based entrepreneur who co-founded a creative and technology agency, Anthroware, in 2013 to build products the right way—with a focus on design thinking, and treating every project as a product. Anthroware exists to create products and brands that make it easy to do hard things, and their team of creatives, business consultants and technology builders do so by obsessing over the people and organizations that use Anthroware software.

Jon has a Bachelor's of Science. and Master's of Science in Applied Physics and Nanotechnology from Appalachian State University, and worked in corporate America as a scientist then software engineer prior to becoming an entrepreneur. In his role at Anthroware, Jon leads this rapidly growing company’s business design, innovation, culture, and sets company goals.

Jon is also a co-founder and mentor with the Hatch AVL Foundation, a 501(c)3 non-profit with the mission of growing select high-growth companies in Asheville. Outside of Anthroware and Hatch, you can find Jon enjoying Asheville’s beautiful outdoors with family and friends.

Listen to this week's podcast to hear Jon’s insights on entrepreneurship, building a successful business and team, and validating business ideas.

Jon’s Resources

Anthroware

Hatch AVL

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You can access a free digital copy of our book here: Next-Level Income: Moving From High Income to High Net Worth Using the ‘Holy Grail of Real Estate’ to Achieve Financial Independence.

VIEW THE FULL WEBPAGE HERE.

Are you getting the full benefits of using the tax code to your advantage? John Hyre shares his insight on how you can make the most of the tax benefits of investing in real estate.

If you have any questions regarding real estate tax law, John Hyre is an incredible (and entertaining) resource. John has extensive experience and a unique perspective on the topic as an attorney focused on real estate, IRA & tax planning, and fighting the IRS, as well as being an accountant and real estate investor.

Following working in the corporate world, including as a tax counsel for a Fortune 500 company, John went the entrepreneurial route and launched his own law practice and accounting practice in Columbus, Ohio. John has been in business for himself for over a decade, and he is now in the process of moving his family and business to Puerto Rico (you’ll learn why in the show – hint: it has to do with going from the top tax bracket to an effective rate of 6%).

We think you’ll get a lot out of this episode and as John says of his workshops, “the sheer quality and quantity of information will cause you to bleed from the nose & ears. Bring a hanky.” You’ll also hear his favorite story about fighting the IRS.

You can learn more about his April 10-12 + 15-16 Workshop in Puerto Rico (you can write the entire trip off on your taxes). At the workshop you will learn about SDIRA’s/401k’s, the (updated) new tax law, entities & asset protection, and superior tax saving strategies.

You can find free resources on many of the topics we discussed on the show on John’s websites, realestatetaxlaw.com and iralawyer.com.

FREE Next-Level Income Resources — Take Advantage Of These Today

You can access a free digital copy of our book here: Next-Level Income: Moving From High Income to High Net Worth Using the ‘Holy Grail of Real Estate’ to Achieve Financial Independence.