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1031 Exchange Hack: Avoid Tax Pitfalls with Parking Transactions

1031 Exchange Hack: Avoid Tax Pitfalls with Parking Transactions

Unlock the secrets to maximizing your real estate investments with 1031 exchanges! In this enlightening video, we delve into a strategic approach known as the "1031 parking transaction." Discover how this method not only boosts your negotiating leverage but also...

Real Estate Investing: Zoning, Analysis, and Winning Strategies

Real Estate Investing: Zoning, Analysis, and Winning Strategies

Unlock the secrets to successful real estate investing with our comprehensive guide! In this video, we delve into the essential aspects you need to master before diving into the property market. Whether you're a beginner or looking to sharpen your skills, this...

Run Your Business Like One, Not Like a Job

Run Your Business Like One, Not Like a Job

After a hectic but efficient tax season, I’m finally back here to write more about tax, real estate, and business concepts. We will have a few changes will come to this blog this year, including more images as well as much more video content, so stay tuned! With that...

Don’t Be So Quick to Form an LLC!

Don’t Be So Quick to Form an LLC!

https://www.youtube-nocookie.com/embed/Rc3nvBnIiIw?feature=oembed&enablejsapi=1 Welcome to our latest video where we dive deep into the common misconceptions surrounding the formation of Limited Liability Companies (LLCs),...

New Construction Does Not Mean Zero Repairs

New Construction Does Not Mean Zero Repairs

When I wrote this title, I had to pause, step away from my computer and take a huge, deep breath to calm down. Now that I’m calm, I can write the following sentence in a nice way: Your expectations of new construction need a...

Internationalize Your Life: Get Permanent Residency in Paraguay

Internationalize Your Life: Get Permanent Residency in Paraguay

Following my recent article on the pivotal role of global diversification in your life strategy, many of you reached out, eager to understand the initial steps towards broadening your horizons. Embracing an international strategy does require dedication, yet the...

Beneficial Ownership Reporting – How To Do It

Beneficial Ownership Reporting – How To Do It

You may be aware already of the upgraded requirements for most entities formed in the US to report on beneficial ownership requirements through the news or various other websites. In case you aren’t aware, we prepared this nifty little article for you to read to...

You Should Plan to Internationalize Your Life Now

You Should Plan to Internationalize Your Life Now

Why You Should Consider Multiple Residencies in 2024 Happy New Year to everyone. We took a break from posting to spend some time with friends, family, and tax planning. Year end is always the busiest time of the year for us as we lock in last minute adjustments,...

What I Learned from Traveling to Dubai and the UAE

What I Learned from Traveling to Dubai and the UAE

Hope everyone is having a wonderful start to the holiday season. More than anything, Thanksgiving is the time of year I look forward to the most since I love cooking the feast and of course, eating delicious roasted turkey with the family. I’ve been absent from this...

California’s Passthrough Entity Tax Credit: Maximizing Benefits

California’s Passthrough Entity Tax Credit: Maximizing Benefits

Hope everyone is having a fantastic week. We put together a video for you to help you understand how the passthrough entity tax credit works and why you should seriously consider taking advantage of it whenever you can! Feel free to contact us if you need further...

Achieving a 10.5% Tax Rate Can Be Your Reality

Achieving a 10.5% Tax Rate Can Be Your Reality

I really think that the Internal Revenue Code garnered such a mythology around it such that my clients sometimes view me as a sorcerer who can conjure up the right tax law to magically make their tax liability $0 or close to it, especially many months after the tax...

Always Ask “Why?” – A Lesson on Principled Negotiations

Always Ask “Why?” – A Lesson on Principled Negotiations

This time around, we’re going to shift gears a bit and talk about the most annoying thing every real estate deal maker encounters at least once in their lives, either as the aggressor or the victim. That thing is of course the dreaded “re-trade,” which also known as a...

Passive Activity Losses and Your Real Estate Holdings

Passive Activity Losses and Your Real Estate Holdings

Navigating the intricate waters of taxation can be daunting, and amongst these intricacies lies the concept of passive activity losses (PALs). Often heard but rarely understood, PALs play a pivotal role in the tax arena, especially for those engaged in multiple...

The Different Forms of Holding Property

The Different Forms of Holding Property

Let’s go over some of the different forms of holding property since there are several different ways to hold interests and the manner of your holding can alter the tax outcome from both an income and estate perspective. Fee Simple: Representing the most comprehensive...

Don’t Let the Tail Wag the Dog – A Lesson on Tax Planning

Don’t Let the Tail Wag the Dog – A Lesson on Tax Planning

This article is going to sound a bit like heresy, especially in the world of tax advisory but since I tend to wear two hats in my life as an investor and as a tax advisor, I’m always keen to emphasize and strike a balance between the two. Today we’ll be discussing why...