Claim OwnershipThe Mark Perlberg CPA Podcast
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© 2024 The Mark Perlberg CPA Podcast
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Real estate, wealth building and tax reduction strategies through the eyes of a CPA and tax strategist.
57 Episodes
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Navigating the Short-Term Rental Loophole: Smart Strategies from Your Friendly CPAWelcome to our deep dive into the world of short-term rental investing! As enticing as the tax benefits and wealth creation opportunities may seem, it's crucial to approach the short-term rental loophole with caution and a well-thought-out strategy.Understanding the NuancesBefore diving in, it's essential to understand the intricacies involved:Average Stays: The duration of guest stays can significantly impact y...
Let's dive into the what the Short Term Rental really is, and how the IRS's unique treatment of short-term rentals can work to your advantage, the stark differences between passive and active income, and how savvy application of IRS Code Section 469 and cost segregation can maximize your real estate investment returns.We'll clear up what you need to know about material participation criteria, the 7 days or less rule, and how you may be able to see major tax benefits from STR's. Grasping just ...
This episode isn't just about where to put your dollars—it's about making them work smarter. Chris breaks down his 'DIAL' framework—Depreciation, Income, Appreciation, and Liquidity—that'll have you assessing investment opportunities like a seasoned pro. We also dissect the unique investment prospects of car washes and mobile home parks, providing an eye-opening perspective on how these assets can align with your financial goals.Venture into the world of value-centric business models wi...
Discover the concept of infinite banking with financial expert Anthony, a former CPA turned life insurance strategist. In this enlightening episode, we dive into how real estate investors can leverage high cash value whole life insurance policies as a tool for continuous wealth accumulation. Picture a scenario where your investments grow through compound interest, unaffected by market swings, all while enjoying significant tax advantages. We explore this innovative financial strategy, where t...
Estate planning, often overlooked, is crucial to mitigating the potential for hefty tax impacts, with possible taxation reaching up to 40% of one's assets. In this enlightening episode, we join forces with Jaryd Green, a renowned expert in real estate investment and asset protection, to underscore the critical nature of estate planning for high-income individuals and entrepreneurs. Jaryd advocates for initiating estate planning strategies as early as age 18, exploring the protective measures ...
Dive into the essentials of a fruitful business exit with insights from Ellen Long and Randy D. Long. They emphasize the significance of initiating exit planning early to ensure a profitable and seamless transition, highlighting the crucial role of a skilled advisory team, including an accountant, lawyer, and business coach. Learn about the strategies that render businesses attractive to buyers, such as the importance of a robust management team and culture, alongside the advantages of proact...
Join us for an exclusive conversation with Chris Miles, the visionary "anti-financial advisor," as we delve into the art of redefining traditional wealth management strategies. This episode is designed for the discerning high-income earner who seeks to challenge conventional financial wisdom. Chris, having achieved financial freedom by the age of 28 through his avant-garde approach to investment and cash flow, provides compelling evidence of his methods' effectiveness.In this dialogue, ...
Embarking on a journey from auditor to CPA, real estate and taxes have intertwined in my life, shaping a path to financial liberation. Every brick laid in the foundation of a property can become a stepping stone to achieve your dreams, and today's episode is all about discovering just that. We start with the cornerstone of tax planning within real estate, unearthing how strategic approaches such as depreciation, cost segregation studies, and the coveted status of real estate professional can ...
Join us for an empowering episode with tax expert Elizabeth, as we dive into effective tax strategies and wealth growth. Elizabeth shares her expertise on maximizing savings, planning for a bright financial future, and adapting to legislative changes. We'll explore the game-changing benefits of cost segregation studies in real estate and innovative retirement strategies, positioning you as a key player in investment.Discover how to leverage cash value life insurance policies for a tax-advanta...
Discover the keys to reducing your tax bill and enriching your retirement with tax expert Steve Jarvis, CPA. This episode is a goldmine of strategies for everyone, from forward-thinking millennials to those nearing retirement. We delve into proactive tax planning and its potential to significantly lower your tax burden over time. Steve shares expert advice on leveraging health savings accounts and mastering backdoor Roth contributions. Our discussion goes beyond numbers, focusing on smart lif...
Ever wondered what separates the real estate millionaires from the deca-millionaires and centa-millionaires? This episode goes beyond the basic milestone of a seven-figure net worth and explores the strategies our high-net-worth clients use to achieve true financial freedom. We reveal how these savvy investors scale up in the real estate game, focusing on larger deals and leveraging other people's money for amplified asset acquisition and cash flow. By committing to a focused investment strat...
Ready to decrease your tax liabilities and increase your savings? We promise to equip you with year-end tax planning strategies that can save you a fortune this tax season. We start by exploring the power of proper bookkeeping and the importance of entity structuring. You'll learn about minimizing adjusted gross income and harnessing tax credits to your advantage, especially if you're a high-income earner. We underline the significance of understanding tax deductions and foundational concepts...
What if you've been missing out on a secret trifecta that could catapult your real estate investing to the next level? Our guest today, Lane Kawaoka, a successful real estate syndicator, lifts the curtain on his one, two, three strategy that has propelled him from a W2 worker dabbling in single family rentals, to a distinguished industry player. He takes us on his journey, sharing how he transitioned to full-time real estate investing, and his key insights on why primary markets like Californ...
What if you could generate over $50,000 a month of passive income? Well, that's precisely what Joey Muir and Russ Morgan from Wealth Without Wall Street do. They've joined us to share their wealth of knowledge on unlocking various investment vehicles and how you can leverage tax strategies to your advantage. We discuss the potential pitfalls of trying to imitate the success of others and stress the importance of identifying who you are as an investor.Imagine flipping land for profit and makin...
We had a great talk with Rob Anderson of BV Capital, a company dealing primarily with multifamily, industrial, office, and mixed-use properties in Texas. Rob brought an unparalleled depth of understanding on how to successfully run a broker-dealer.In this episode we explore Delaware Statutory Trusts, the benefits of leasing property before selling it, and why DST investments might just be the golden goose you've been searching for. We also untangle advanced tax advantages and retirement accou...
Join us with expert Jason Puschel to discussDelaware Statutory Trusts (DSTs) - as a way to own a small piece of big properties and earn money without the hassle of managing them! Imagine owning a tiny piece of a big building and getting some money from it without doing much. Jason, who knows a lot about making DST platforms, will help us understand how this works easily.We'll also talk about the tricky parts of using a DST with something called a 1031 exchange, which lets you swap one propert...
Want to navigate oil and gas investments? Our talk with Steve Blackwell, CEO of InVito Energy Partners, offers key advice. He shares insights on assessing such investments, focusing on sponsors' and operators' backgrounds, team composition, and the ability to simplify complex evaluations and financial models. He also emphasizes the importance of low fees to ensure more of your capital is invested in assets.Investing in oil is risky, but Steve guides us on risk assessment, discussing how to ga...
It's so important to collaborate with your tax advisor, not just on business and investing events, but personal life events. Here's one example of how the client's baby created the opportunity for us to create hundreds of thousands in additional tax savings for our client by timing expenses and qualifying the client for a new tax election - the Real Estate Professional Tax Status. Other times, we've strategically planned around marriages, divorces, job changes and family needs to create trans...
Looking to grow your business and save on taxes? Austin Pearson, certified financial planner and Backbone Planning Partners' co-founder, can help. He's an expert in cost segregation, bonus appreciation, and more, using these tools to reduce tax and plan for the future.Focusing on businesses earning $3-50 million annually, Austin shares ways to move income and growth from the corporation to the owner. He discusses profit-sharing in 401k plans, cash balance plans, and using trusts, especially c...
"The Secret to Keeping More of Your Money: Real Estate Professional Tax Status Unveiled"For many real estate enthusiasts, the Real Estate Professional Tax Status remains a key component to minimizing taxes and preserving wealth. Unlocking it could be the difference between mediocre and massive tax savings... Dive deep with us as we uncover the criteria to qualify, why it's so coveted, and how pairing it with positive real estate rentals can make the taxman blink twice.Some of the key topics a...
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