DiscoverRE Social PodcastEp. 76 How We Built Wealth with Real Estate and Tax Hacks… And You Can Too!
Ep. 76 How We Built Wealth with Real Estate and Tax Hacks… And You Can Too!

Ep. 76 How We Built Wealth with Real Estate and Tax Hacks… And You Can Too!

Update: 2024-08-26
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Description

In this episode of the RE Social Podcast, hosts Andrew McCormick and Vince Rodriguez break down powerful strategies for building wealth through tax-efficient real estate investments.


Drawing from a recent coaching call, they dive into cost segregation, bonus depreciation, and other methods to maximize tax benefits while sharing their personal journey of wealth-building over the past six years. They also discuss the value of delayed gratification, the importance of adding value to others, and how they’ve structured their lives to enjoy the freedom of travel, including an upcoming trip to Spain.


Tune in to discover how education, mentorship, and continuous learning can propel you towards your financial goals.


Key Takeaways



  • 00:00 Introduction to the RE Social Podcast



  • 00:19 Exclusive Coaching Insights



  • 01:06 Travel Plans and Personal Background



  • 02:32 Tax Strategies for Real Estate



  • 03:38 Understanding Cost Segregation



  • 07:11 Real Estate Professional Benefits



  • 10:00 Incentives and Tax Code Misconceptions



  • 12:07 Value Creation and Wealth Building



  • 16:22 Client Success Stories and Motivation



  • 18:33 Real Estate Investment Opportunities



  • 19:16 The Power of Providing Value



  • 20:22 Trust in Business Relationships



  • 21:08 The Underdog Phenomenon



  • 24:16 Overcoming Challenges in Real Estate



  • 26:23 The Importance of Taking Risks



  • 30:49 The Value of Coaching and Mentorship



  • 31:27 Excitement for Upcoming Travels



  • 35:30 Final Thoughts




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Ep. 76 How We Built Wealth with Real Estate and Tax Hacks… And You Can Too!

Ep. 76 How We Built Wealth with Real Estate and Tax Hacks… And You Can Too!

AnVi Invest