You don’t need to be a real estate agent to want to know how to save on taxes, invest in real estate, prepare for retirement, and better manage your money…
But if you are a real estate agent and want to know how to do all those things, then this very information-packed episode of the Tom Ferry Podcast Experience is for you. I’m talking with tax attorney and investor Toby Mathis about how to save on taxes and much more, including:
- The best business structure to file
- The benefits of investing vs. saving
- 1031 exchanges
- Passive capital gains
- Finding investment deals
This is an episode you’ll want to take notes on and then send to whoever does your taxes. When tax season rolls around, check in with that person to make sure they watched it and are able to check off everything on the list.
And if you’re looking for some hands-on tax and investment advice from some of the best advisors in the business, check out this link to sign up for a Free Consultation with Anderson Advisors! This 45-minute call will cover everything you need to know about tax savings and asset protection on your investments – a $750 value!
In this episode, we discuss…
0:00 – What are you doing with your money?
2:34 – 3 types of income tax
9:06 – Individuals vs. corporations
12:44 – Defined benefit plan for high earners
16:00 – Real estate for retirement (Buy/Borrow/Die)
19:18 – Passive capital gains
23:33 – How the wealthy save on taxes
26:04 – Finding deals
31:20 – Relationships in buying
36:53 – Toby’s YouTube ads
40:18 – Asset protection
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