Know your why Podcast Jason Balara

In this episode, Dr. Jason Balara sits down with tax strategist and real estate investor Thomas Castelli to unravel the intricacies of tax planning in real estate investment. They discuss the benefits of extending tax returns, passive loss banking, and laddering strategies for investors.
Thomas also highlights how real estate professional status can significantly impact tax benefits for couples and explains the effect of local regulations on short-term rentals. The conversation is rounded out with personal reflections on the motivations behind pursuing real estate investment and the drive to build generational wealth.
 
Key Takeaways:
1. Extending Tax Returns: Real estate investors should anticipate extending their tax returns due to delays in K-1 distribution, which is common in real estate syndication.
2. Passive Loss Banking: Investors can accumulate losses to offset future passive income. These losses can be carried forward and used strategically over time to optimize tax benefits.
3. Real Estate Professional Status: When one spouse qualifies as a real estate professional, couples can leverage this status to offset passive rental losses against active income, providing a significant tax advantage.
4. Local Regulations Impact: Investors must be aware of the changing local regulations on short-term rentals as they can influence the profitability and tax benefits of such investments.
5. Motivations for Investing: Understanding one's personal "why" is crucial for success in real estate and any entrepreneurial venture. Dr. Balara shares his motivation to build generational wealth and encourage others to do the same.
6. Fitness and Health: A healthy lifestyle is vital for maintaining the energy required for entrepreneurial success, emphasizing the need for balance in the pursuit of financial goals.
7. Community Engagement: The episode concludes with an invitation for listeners to engage with the podcast, highlighting the diversity of professionals featured and the insights they offer on the path to success.
 
Connect with Thomas:
www.thomascastelli.com/taxsmart
@thomascastellicpa (Instagram)
@thomascastelli_ (Twitter/X)
https://www.linkedin.com/in/thomascastelli/
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

Welcome to another episode of the Know Your Why Podcast! This week, we're joined by Marc Weisi, a multifamily real estate expert whose journey from Wall Street to property mogul is both inspiring and educational. If you're interested in building wealth through real estate, this episode is packed with actionable advice and insights from Marc's vast experience.
 
Key Takeaways:
1. Teamwork Makes the Dream Work: A strong team with diverse expertise is crucial for success in multifamily real estate investing.
2. Leverage Your W-2: Maintaining a regular income job can serve as a safety net, making you more bankable and able to invest more into your real estate ventures.
3. Understanding Your 'Why': Recognizing your underlying motivation can provide a guiding light through your investment journey and lead to lasting wealth and legacy.
 
Connect with Marc Weisi:
www.investwithmaple.com
YouTube: Maple Capital Partners
IG: @marc_weisi
Facebook: Marc Weisi
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

In this deeply personal and inspiring episode, we sit down with Erik Allen, a man who has turned his life around from the grips of abuse, addiction, and professional setbacks.
Eric's powerful story of transformation shows us that it is never too late to change your narrative and live a life of purpose and intentionality.
 
Key Takeaways:
- The impact of one's environment on personal growth and success
- The power of faith and intentional decision-making in overcoming adversity
- The importance of mentorship and changing your environment for personal development
- Eric's dedication to breaking the cycle of abuse and addiction for his children
- Strategies for work-life balance and instilling family values
- The surprising accessibility of mentors and influential figures through social media
- Understanding the 'why' behind success to drive meaningful change
 
Connect with Erik:
Facebook - https://www.facebook.com/ErikAllenMedia
Instagram - https://www.instagram.com/erikgallen/
TikTok - https://www.tiktok.com/@erikallenmedia
Twitter - https://twitter.com/ErikGAllen
LinkedIn - https://www.linkedin.com/in/erikgallen/
YouTube - https://www.youtube.com/channel/UCIvY9tURSqCVjnHx7dcgIeQ?sub_confirmation=1
Website - https://www.erikallenmedia.com/
 
Final Thoughts:
This episode is a masterclass in resilience and intentional living. Eric Allen's story reminds us that it's not about where you start but where you're going and how you choose to get there. As you listen, remember that the power to shape your future is in your own hands, and success might just be a message away.
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

Beth Matthews joins us to share her inspiring transition from the structured world of pharmaceutical sales to the dynamic and unpredictable real estate industry during the 2009 economic crisis. Discover how Beth's adaptability and a strong service mindset enabled her to overcome initial challenges and build a thriving career.
Our conversation spans the importance of foundational skills in real estate, navigating current market complexities, and evolving with the industry.
 
Chapter Summaries:
- (0:00:00) Real Estate Success Stories With Beth: Beth discusses her bold career shift during maternity leave and the parallels between pharmaceutical sales and real estate. We explore the importance of foundational skills and Beth's unique approach to success in a changing market.
- (0:09:26) Back to Basics in Real Estate: We delve into the significance of sticking to basic sales skills, regardless of industry or market conditions. Beth and I discuss the impacts of market changes and the consultative role of a real estate agent in guiding clients through major life events.
- (0:16:05) Navigating Changes in Real Estate Industry: This chapter focuses on the evolving real estate landscape and how agents can redefine their value proposition. We discuss the media's portrayal of the industry and the opportunity for agents to negotiate their worth.
- (0:21:53) Adapting and Succeeding in Business: The conversation turns to mentoring new agents, the importance of adaptability, and knowing your 'why' as a driving force for motivation and direction in both personal and professional life.
- (0:25:19) Early Introduction and Explanation : We discuss the motivations behind our pursuits and the importance of understanding our 'whys' for greater insight into our actions and decisions.
 
Get in touch with Beth:
www.seeingyouhome.com
Instagram: @envisionrealestatewny
Facebook: @envisionrealestate1
LinkedIn: https://www.linkedin.com/in/beth-matthews-9335a139/
TikTok: @envisionrealestate
YouTube: @envisionrealestatewny
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

Welcome to a new solo episode of the Know Your Why Podcast, where your host, Jason Balara, embarks on a reflective journey, sharing his transformation from a veterinary surgeon to a real estate investor, now that we have reached the 300th episode.
In this milestone solo episode, Jason gives into the core of his personal narrative and the driving force behind the podcast itself.
 
Episode Highlights:
- Jason's Transition: Explore Jason's unique story of shifting from the world of veterinary surgery to becoming a successful real estate investor. Learn about the pivotal moments and the significance of understanding one's 'why' through life's challenges.
- Gratitude and Support: A heartfelt acknowledgment to those who have supported Jason on his journey, including special mentions of Emily, Song, Edwin, Cindy, and Rachel. Their support is an integral part of the success and evolution of his 'why'.
- Giving Back to Veterinary Community: Jason discusses his advocacy for self-care within the veterinary community and his aspirations to nurture a legacy that reshapes the industry for future generations, including his own children.
- Inspiring Future Leaders: Delve into the importance of setting an example for the youth, highlighting our responsibilities as role models and the profound influence we have on aspiring leaders in entrepreneurship and beyond.
Jason welcomes feedback on this episode and encourages listeners to join the conversation about the 'why' behind success. Rate, review, and share your thoughts on how your own 'why' influences your journey.
Thank you for coming with us on this special podcasting journey, and we look forward to exploring more stories of success with you. Together, let's continue to uncover the whys that drive us toward our goals.
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

In this enlightening episode of the Know Your Why Podcast, your host Jason Balara welcomes the multi-talented Doug Banerjee, a multifamily investment sales broker and commercial real estate connoisseur.
Doug brings his unique perspective, transitioning from a career in engineering and IT consulting to becoming a key player in the Dallas real estate scene. With interest rates creating waves in the market, Doug discusses the intricacies of deal-making in today's economic climate, sharing his expertise on how bridge debt is reshaping investment strategies.
Moreover, Doug offers a personal glimpse into his life, expressing how travel, family, and sports influence his professional drive and contribute to his legacy.
 
Transcript Highlights:
- Doug Banerjee reveals the substantial decrease in transaction volume and discusses the challenges that come with a rapidly changing market.
- He reflects on his career journey, from engineering to IT consulting and ultimately to his passion for real estate.
- The episode uncovers the significance of being both a subject matter expert and a sub-market expert in commercial real estate.
- Doug shares his why – to travel the world and provide his family with enriching experiences, aligning his personal goals with his professional drive.
 
Connect with Doug:
https://www.instagram.com/dougbanerjee/
https://www.facebook.com/doug.banerjee
https://www.linkedin.com/in/doug-banerjee-43a9811/
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/