5 Hour Real Estate Week

Mike Butler
5 Hour Real Estate Week Podcast

If you're ready to invest in real estate, achieve financial freedom, and own the lifestyle you deserve, regardless of a full-time-job, this is the show for you!

  1. Ep137: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 6 of 6

    25/01/2023

    Ep137: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 6 of 6

    In today’s episode, we’re wrapping up our six-part series with Eric Shadowens, CPA, as he continues to impart his knowledge on effective tax planning, tax deadlines, and more! So press play if you want to gain maximized profits in your business today.   Key takeaways to listen for  Tax due dates every investor should remember Why you need to work closely with your tax advisor Guidelines for choosing the right tax advisor for your business Importance of using accounting software and knowing your numbers Roth IRA vs. traditional IRA: What they are and which one is right for you   Resources mentioned in this episode Investor Books Pro System Tax Free Profit & Income For Life TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1, Part 2, Part 3, Part 4, and Part 5 Make your Tuesdays meaningful and sign up for Mike’s FREE real estate investor training by visiting www.mikebutler.com   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPA Email: eshadowens@dmlo.com Phone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike Butler LinkedIn: Mike Butler Instagram: @mikebutlerusa Twitter: @MikeButlerUSA

    45 min
  2. Ep136: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part  5 of 6

    23/01/2023

    Ep136: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 5 of 6

    Do you check on your strategies for making the most of your real estate assets? Consider adding tax-saving tactics to your list as Eric Shadowens CPA explains his unique system of understanding taxing brackets with different business entities. Catapult your profit and hop into the conversation!    Key takeaways to listen for Limited Liability Companies: What they are and how they impact your real estate business The importance of operating agreements in an LLC Pros and cons of being taxed as an S corporation Why a C corporation might be beneficial to today’s investors How to know if a C corporation is the right entity type for you   Resources mentioned in this episode Make your Tuesdays meaningful and sign up for Mike’s FREE real estate investor training by visiting www.mikebutler.com. TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1, Part 2, Part 3, and Part 4   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPA Email: eshadowens@dmlo.com Phone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike Butler LinkedIn: Mike Butler Instagram: @mikebutlerusa Twitter: @MikeButlerUSA

    38 min
  3. Ep135: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 4 of 6

    20/01/2023

    Ep135: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 4 of 6

    Tap into the wisdom and expertise of Eric Shadowens, CPA, in the fourth part of this series as he discusses rental property tax rules and other essential information you need to know to minimize your taxable income. Keep upgrading your real estate knowledge by tuning in!   Key takeaways to listen for  Tax differences between short-term and long-term rentals Easiest ways to cut your losses in real estate How to maximize the tax benefits from your short-term rental property Disadvantages of hiring a property manager for your properties  How many days can you use your rental property for personal purposes?   Resources mentioned in this episode The Home Depot MileIQ TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1, Part 2, and Part 3 KBKG BiggerPockets Real Estate Investing Forums Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9 Ep2: Identifying Resources for FAST Cash - Course 2/9 Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9 Ep4: Run Your Numbers - Course 4/9 Ep5: Mike Butler’s Investor Pledge - Course 5/9 Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9 Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9 Ep8: EDUCATION - Course 8/9 Ep9: MARKETING - Course 9/9 Ep10: 41% of Deals From Follow-Up   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPA Email: eshadowens@dmlo.com Phone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike Butler LinkedIn: Mike Butler Instagram: @mikebutlerusa Twitter: @MikeButlerUSA

    27 min
  4. Ep134: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 3 of 6

    18/01/2023

    Ep134: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 3 of 6

    Catch your next profitable opportunity in the third part of this series with Eric Shadowens, CPA. Learn sharp tactics to help you make the most of your assets. So if you want to maximize the advantages of selling your property, this is the episode for you.   Key takeaways to listen for  The power of using 1031 exchange to defer your capital gains tax 4 types of 1031 exchanges you need to know and why Different ways to apply a 1031 exchange in a fix-and-flip home The Augusta Exemption: What it is and how to leverage it for your business   Resources mentioned in this episode Make your Tuesdays meaningful and sign up for Mike’s FREE real estate investor training by visiting www.mikebutler.com TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA | Part 1 and Part 2 Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9 Ep2: Identifying Resources for FAST Cash - Course 2/9 Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9 Ep4: Run Your Numbers - Course 4/9 Ep5: Mike Butler’s Investor Pledge - Course 5/9 Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9 Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9 Ep8: EDUCATION - Course 8/9 Ep9: MARKETING - Course 9/9 Ep10: 41% of Deals From Follow-Up   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPA Email: eshadowens@dmlo.com Phone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike Butler LinkedIn: Mike Butler Instagram: @mikebutlerusa Twitter: @MikeButlerUSA

    31 min
  5. Ep133: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 2 of 6

    16/01/2023

    Ep133: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 2 of 6

    As we continue with the second installment of this series with Eric Shadowens, CPA, he lays out a few strategies to better understand depreciation and cost segregation for tax planning. Take advantage of the tax-saving opportunities in real estate by listening to this episode today!   Key takeaways to listen for  What is cost segregation? Engineered vs. small cost segregation Reasons why passive investors shouldn't use cost segregation Benefits of cost segregation in real estate investing The value of bonus depreciation Why seeking tax advice prior to cost segregation is important   Resources mentioned in this episode Ep132: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 1 of 6 KBKG  BiggerPockets Real Estate Investing Forums To get the latest IRS Publication 527 for Rental Properties for FREE, go to mikebutler.com/527 Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9 Ep2: Identifying Resources for FAST Cash - Course 2/9 Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9 Ep4: Run Your Numbers - Course 4/9 Ep5: Mike Butler’s Investor Pledge - Course 5/9 Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9 Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9 Ep8: EDUCATION - Course 8/9 Ep9: MARKETING - Course 9/9 Ep10: 41% of Deals From Follow-Up   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPA Email: eshadowens@dmlo.com Phone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike Butler LinkedIn: Mike Butler Instagram: @mikebutlerusa Twitter: @MikeButlerUSA

    25 min
  6. Ep132: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 1 of 6

    13/01/2023

    Ep132: TAX UPDATE for Real Estate Investors with Eric Shadowens, CPA - Part 1 of 6

    Let’s kick off this new series with our guest Eric Shadowens, CPA, to learn all you should know about Form 1099, 1098, and 1096. To become a more responsible real estate investor through his tax expertise, you must hear this episode!   Key takeaways to listen for  The ins and outs of filing Form 1099 What is a “backup withholding”? Form 1098: What it is, its purpose, and filing process Requirements and due dates for Form 1099 and 1098 The importance of Form 1096 in filing tax forms    Resources mentioned in this episode Eric Shadowens CPA on LinkedIn: 1099 Forms To get a copy of the Independent Contractor Agreement form, go to https://www.mikebutler.com/join and join Mike Butler’s Gold Membership  Ep1: Things You Can Do Right Now… Most Are FREE - Course 1/9 Ep2: Identifying Resources for FAST Cash - Course 2/9 Ep3: EXIT STRATEGY - Must know BEFORE You Make Your Offer - Course 3/9 Ep4: Run Your Numbers - Course 4/9 Ep5: Mike Butler’s Investor Pledge - Course 5/9 Ep6: What Type of Investment Property Do You Want to Buy/Hold - Course 6/9 Ep7: You MUST Have PROVEN, Efficient Systems - Course 7/9 Ep8: EDUCATION - Course 8/9 Ep9: MARKETING - Course 9/9 Ep10: 41% of Deals From Follow-Up   About Eric Shadowens, CPA Eric has over 20 years of experience practicing public accounting in Louisville. He is most interested in working with professionals in the Louisville, Kentucky, Indiana, Ohio, and Tennessee real estate industries. He has worked with real estate agents, residential rental property owners, and large $150 million commercial real estate businesses throughout his career.  In addition, he has an interest in personal real estate investing. Eric earned a Bachelor of Science in Accounting from the University of Louisville School of Business and is licensed to practice as a CPA.  Eric is currently a board member, and Treasurer of the Bluegrass Golf Foundation and Ambassador of Greater Louisville Inc. Eric is a past member of the Board of Directors of the Chamber of St. Matthews, where he served as the Treasurer for two years.   Connect with Eric LinkedIn: Eric Shadowens CPA Email: eshadowens@dmlo.com Phone: 502-326-2319   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here.    Follow Mike on Social Media Facebook: Mike Butler LinkedIn: Mike Butler Instagram: @mikebutlerusa Twitter: @MikeButlerUSA

    23 min

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If you're ready to invest in real estate, achieve financial freedom, and own the lifestyle you deserve, regardless of a full-time-job, this is the show for you!

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