100 episodes

Real Estate Investors, Stock Traders, and Business Owners
guide to preserve their wealth, protect their assets, and prosper in the
future. Anderson Business Advisors' Attorneys and Professional Advisors
share tax reduction strategies and asset protection techniques to protect
and build your wealth.

Anderson Business Advisors Podcast AndersonAdvisors.com

    • Business
    • 4.9 • 50 Ratings

Real Estate Investors, Stock Traders, and Business Owners
guide to preserve their wealth, protect their assets, and prosper in the
future. Anderson Business Advisors' Attorneys and Professional Advisors
share tax reduction strategies and asset protection techniques to protect
and build your wealth.

    Mortgage Options During the Housing Boom

    Mortgage Options During the Housing Boom

    Are you thinking of investing in or buying real estate during the housing boom? What lending options and products are available for investors and other homebuyers?


    In this episode, Toby Mathis of Anderson Advisors talks to Benson Pang from NestMade Mortgage in Monrovia, Calif.


    Benson started his career as a civil engineer. Then, he pivoted to mortgage lending and obtained his broker’s license. Benson decided to start his own company, which has helped more than 1,000 individuals and families with their home purchase journey.


    Highlights/Topics:


    Housing Boom: People want to own a piece of the real estate market.

    Why? Rent and home prices are on the rise, and interest rates remain low.

    Money Options: Trillions of dollars are being pumped into the economy.

    Who’s looking to buy? Healthcare workers, families, and homebuyers wanting another home or to upgrade with new money.

    Home Prices: Depending on the location, buyers are offering thousands to millions above the asking price.

    Appraisals: Buyers need to work with their lenders to close escrow quickly and require financing contingencies to compete with cash offers.

    Delay Financing, Refinance, or Lien.Ways to get a home and then get your money back.

    Deed of Trust. After escrow closes, get a rate-and-term refinance loan from the lender.

    Worst Case Scenario: Understand risk of removing any of the financing contingencies.

    Cash Flow Crunch: Your tax scenario may not be your cash scenario.

    Inflation: With more money being printed, comes inflation and raising interest rates.

    Reality Check: What are you paying in rent? What can you afford to not be house poor? Make an educated choice and lifestyle change before buying a home.

    Forgotten Upgrade Costs: Once you own a house, you want to do things to it.

    Should you pay off your home mortgage loan? It depends.


    Resources:


    Monrovia Mortgage Broker - NestMade Mortgage


    https://nestmade.com/


    Fannie Mae


    https://www.fanniemae.com/


    Freddie Mac


    http://www.freddiemac.com/


    Form W-2: Wage and Tax Statement


    https://www.irs.gov/forms-pubs/about-form-w-2


    Debt Service Coverage Ratio (DSCR)


    https://www.multifamily.loans/apartment-finance-blog/what-is-dscr


    Principal, Interest, Taxes, and Insurance (PITI) 


    https://www.investopedia.com/terms/p/piti.asp


    Toby Mathis


    http://tobymathis.com/


    Anderson Advisors


    https://andersonadvisors.com/


    Tax and Asset Protection Event


    http://andersonap.com/

    • 31 min
    Tax Tuesday with Toby Mathis 06-08-2021

    Tax Tuesday with Toby Mathis 06-08-2021

    What’s the best way to handle the ups and downs of investing and tax consequences? Sit on your hands long enough until everything is okay, again. The hardest thing sometimes is waiting. In the meantime, Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions. Submit your tax question to taxtuesday@andersonadvisors.


    Highlights/Topics:
    Does day trading cause a higher tax consequence than long-term investing? Typically, if you have gains, it’s going to have a higher tax consequence, primarily because the day trading is all going to be short-term trades; however, long-term capital gains is subject to that long-term capital gain treatment - usually a much lower tax percentage

    If I own a property and I owe back taxes, can the government take it? If you owe back taxes, the government can certainly take your property and put a tax lien on it; then if it’s not paid, the government can sell it to make up for the taxes

    Can I rent a house owned by one of my LLCs? You can’t rent to yourself your own house

    How does rental income get taxed? Rental income is taxed at ordinary rates, it’s ordinary income; however, it is passive income and passive losses are limited


    For all questions/answers discussed, sign up to be a Platinum member to view the replay!


    Go to iTunes to leave a review of the Tax Tuesday podcast.


    Resources:
    Infinity Investing: How The Rich Get Richer And How You Can Do The Same by Toby Mathis


    http://aba.link/infinitybook


    Capital Gains and Losses


    https://www.irs.gov/newsroom/capital-gains-and-losses-10-helpful-facts-to-know-0


    Section 121 - Capital Gains Exclusion


    https://www.irs.gov/taxtopics/tc701


    Entity Formation


    https://andersonadvisors.com/entity_formation/


    Self-Employment Tax


    https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes


    Bonus Depreciation


    https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act


    Depreciation Recapture


    https://www.investopedia.com/terms/d/depreciationrecapture.asp


    1031 Exchange


    https://www.irs.gov/pub/irs-news/fs-08-18.pdf


    Cryptocurrency


    https://www.investopedia.com/terms/c/cryptocurrency.asp


    Nexo - Banking on Crypto


    https://nexo.io/


    Real Estate Professional Requirements


    https://www.irs.gov/pub/irs-utl/33-Real Estate Professionals.pdf


    Renewable Energy Tax Credits


    https://www.energystar.gov/about/federal_tax_credits/renewable_energy_tax_credits


    Federal Solar Tax Credit


    https://www.energystar.gov/about/federal_tax_credits/renewable_energy_tax_credits


    Retirement Plans


    https://andersonadvisors.com/retirement_plan/


    Wills and Trusts


    https://andersonadvisors.com/living_trusts/


    The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019


    https://www.congress.gov/bill/116th-congress/house-bill/1994


    Step-Up in Basis


    https://www.investopedia.com/terms/s/stepupinbasis.asp#:~:text=A%20step%2Dup%20in%20basis%20is%20the%20readjustment%20of%20the,for%20tax%20purposes%20upon%20inheritance.&text=The%20asset%20receives%20a%20step,of%20property%20transferred%20at%20death.


    Section 26 U.S. Code 469


    https://www.law.cornell.edu/uscode/text/26/469


    Old-Age Survivors and Disability Insurance (OASDI) Tax


    https://www.ssa.gov/policy/docs/progdesc/sspus/oasdi.pdf


    Cost Segregation Authority


    https://costsegauthority.com/


    26 U.S. Code Section 1256


    https://www.law.cornell.edu/uscode/text/26/1256


    Form 8283


    https://www.irs.gov/forms-pubs/about-form-8283


    Form 3115


    https://www.irs.gov/forms-pubs/about-form-3115


    Toby Mathis


    http://tobymathis.com/about-toby-mathis/


    Anderson Advisors


    https://andersonadvisors.com/


    Anderson Advisors Events


    https://andersonadvisors.com/all-events/


    Events@andersonadvisors.com


    Anderson Advisors Tax and Asset Protection Workshop


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    • 55 min
    Conservation Easements Benefits for Investors

    Conservation Easements Benefits for Investors

    If you Google conservation easements, you get the IRS’s Dirty Dozen list of those that have abused them. Make no mistake, laws are written to allow certain situations to benefit the taxpayer. There's a difference between doing it right and wrong.


    In this episode, Toby Mathis of Anderson Advisors welcomes back Tyler Surat to talk about the right way that conservation easements can benefit investors. Tyler works in the alternative energy sources industry and helps farmers and others with the conservation and preservation of their land by creating easements.


    Savvy tax investors or business people and individuals use conservation easements to do two things—help society and the environment, and get a tax benefit as a result. If you are not interested in helping the environment, then it's probably not something for you to do. The purpose is conservation.


    Highlights/Topics:


    What is a conservation easement? The U.S. government quit using funds to purchase land to conserve and expected constituents or the public to do so.

    How did the government incentivize them? Through taxes, which is its greatest asset to offer. It’s a trade. You take a viable development or property that could be developed in some form that has a large market value. It must be developed; hold conservation piece.

    Does it actually hold that conservation effort? The government will offer a tax deduction for the market-developed value of that property.

    What's the good, bad, and ugly of conservation? Somebody with land or something may use conservation easements to benefit themselves. The investor can be involved, too.

    What if ranchers have land that can be developed? If they do, can they continue to farm and ranch that land? If they can, then they typically take beautiful portions of the ranch or what they own, something that somebody would desire. They have true conservation.

    Is it at the same multiple in private and group investments? Probably not, but their purpose is true conservation. Benefit from it.

    What is given up or away with conservation easements? You're basically giving up the developed rights. Once you conserve and place that easement on that land, that land's not worth $2,000 an acre anymore. It's worth less because a land developer can't buy it. The only person that would want to buy it - somebody that wants green space.

    Are green spaces in highly developed areas? They can have townhomes.

    What are good investors doing now? Reaching out to local appraisers and getting that local feel. A good provider provides ample documents for investors to be well informed.

    When you become a partner, you're investing in real estate development. What are the three options? Do nothing, develop, or conserve.

    Do all states follow conservation easements or allow the deductibility? Most states go off adjusted gross or taxable income. They never get to see the conservation portion.

    Do most people know about the statute of limitations for conservation? Three years from the time you exhaust the deduction.


    Resources:


    Tyler Surat on LinkedIn


    https://www.linkedin.com/in/tyler-surat-1a17881b


    Tyler Surat’s Email


    mailto:tsurat@onetreeadvisors.com


    Tyler Surat’s Phone Number: 719-580-3051


    Steel City Solar


    https://steelcitysolar.us/


    Conservation Easements


    https://andersonadvisors.podbean.com/e/conservation-easements/


    Internal Revenue Service (IRS) - Dirty Dozen List


    https://www.irs.gov/newsroom/dirty-dozen


    Mar-a-Lago


    https://www.maralagoclub.com/


    Residential Energy Credit: Instructions for Form 5695 (2020)


    https://www.irs.gov/instructions/i5695


    Ducks Unlimited


    http://www.ducks.org/


    Operation Surf


    https://operationsurf.org/


    Toby Mathis


    http://tobymathis.com/


    Anderson Advisors


    https://andersonadvisors.com/


    Tax and Asset Protection Event


    http://andersonap.com/


     


     

    • 34 min
    Tax Tuesday with Toby Mathis 05-25-2021

    Tax Tuesday with Toby Mathis 05-25-2021

    Did you miss the April 15 tax deadline? Are you safe from significant penalties? What’s the best way to legally, morally, and ethically not pay taxes? It depends. Jeff Webb, Tax Director, and Eliot Thomas, Senior Tax Advisor, of Anderson Advisors answer your tax questions. Submit your tax question to taxtuesday@andersonadvisors.


    Highlights/Topics:


    If you experience a one-time large capital gain from exercising stock options, is it absolutely imperative that you figure out quarterly payments to avoid penalty, and if so, what if you missed April? There’s a safe harbor for calculating tax estimates and it requires paying in 90% of the current year tax or 110% of the prior year tax; and estimated tax penalties are typical not significant, but handle missed payment soon

    What is the best way to take advantage of Section 179 for new vehicles over 6,000 pounds? Typically, most people do not use Section 179 because of bonus depreciation, restrictions, and limitations

    How are crypto currencies taxed, and what’s the best way to legally, morally, and ethically not pay taxes? Depends on how you are getting the crypto currency; if you are buying and selling, it is treated as a security and other rules apply; if you are mining crypto currency, find out the value of that crypto bitcoin the day it is created

    What will happen if you open an LLC with Corp status but you missed the deadline? What should you do? If you missed the tax deadline and have a loss on your Corp, it typically doesn’t affect you; if you have a lot of startup costs, you need to file your initial tax return on time

    Does tax on depreciation recapture, like capital gains, go away when property is inherited? When you inherit property, everything resets and goes away, like capital gains

    Do I have to report a home I lived in and sold even though I purchased a new home? Previous Section 121 states as long as you buy a more expensive home than the one you sold, you can defer any gain until the age of 55; Section 121 now states if you lived in the home for two of last five years, you can defer a large part or all the gain


    For all questions/answers discussed, sign up to be a Platinum member to view the replay!


    Go to iTunes to leave a review of the Tax Tuesday podcast.


    Resources:


    Infinity Investing Workshop on June 5


    http://aba.link/iiw


    Infinity Investing: How The Rich Get Richer And How You Can Do The Same by Toby Mathis


    http://aba.link/infinitybook


    Capital Gains and Losses


    https://www.irs.gov/newsroom/capital-gains-and-losses-10-helpful-facts-to-know-0


    Section 179 Tax Deduction


    https://www.section179.org/section_179_deduction/


    Bitcoin


    https://bitcoin.org/


    Nexo - Banking on Crypto


    https://nexo.io/


    Entity Formation


    https://andersonadvisors.com/entity_formation/


    Retirement Plans


    https://andersonadvisors.com/retirement_plan/


    Real Estate Professional Requirements


    https://www.irs.gov/pub/irs-utl/33-Real Estate Professionals.pdf


    Wills and Trusts


    https://andersonadvisors.com/living_trusts/


    Section 121 - Capital Gains Exclusion


    https://www.irs.gov/taxtopics/tc701


    Bonus Depreciation


    https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act


    Depreciation Recapture


    https://www.investopedia.com/terms/d/depreciationrecapture.asp


    Schedule C


    https://www.irs.gov/forms-pubs/about-schedule-c-form-1040


    Form 1040


    https://www.irs.gov/forms-pubs/about-form-1040


    Zcash


    https://z.cash/


    Self-Employment Tax


    https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes


    Employee Retirement Income Security Act (ERISA)


    https://www.dol.gov/general/topic/retirement/erisa


    U.S. Department of Labor (DOL)


    https://www.dol.gov/


    Schedule K-1, Form 1065


    https://www.irs.gov/forms-pubs/about-schedule-k-1-form-1

    • 48 min
    How to Get Started in Multifamily Investing

    How to Get Started in Multifamily Investing

    If you are a real estate investor, you’ve probably been thinking about multifamily investing because there’s going to be scale in that space. Start house hacking and raise capital!


    Today, Clint Coons of Anderson Business Advisors talks to Matt Faircloth from the DeRosa Group about how to get started in multifamily investing. Matt is a full-time investor and has successfully completed projects involving fix and flips, single family homes, apartment complexes, and office buildings.


    Also, Matt is a regular contributor and podcast guest on BiggerPockets and has an active YouTube Channel dedicated to educating investors. He is the author of Raising Private Capital - How to Build Your Real Estate Empire with Other People's Money.


    Highlights/Topics:
    Getting Started: Matt read Rich Dad Poor Dad and discovered the power of passive investing, creating assets, and not trading hours for dollars.

    Bigger and Better Deals: Matt and his wife didn’t get into real estate to start investing in multifamily, but worked their way up into larger deals with apartment complexes.

    Self-managed Properties: Matt learned about tenant relations, how to select tenants, and what it takes to manage and scale single-family properties for a small portfolio of rentals.

    Best Bang for Your Buck: Start with a small multifamily deal because it’s cheap debt and very little money down.

    Real Estate Syndication: Scale into larger multifamily assets faster by selling equity and raising capital.

    Words of Wisdom: Observe the masses and do the opposite to be competitive.

    Affordability Analysis: What’s the median income in the city and surrounding area of multifamily space?

    Can tenants afford a rent increase to justify improvements? Property management companies tend to approve tenants that make more than 3x the rent as their earned income before taxes.

    50/50 Mix: Matt recommends seeking multifamily properties with a mix of one- and two-bedroom units, then add amenities, such as family oriented and pet parks.

    Self-manage vs. Property Management Companies: Depends on if you want to stay small and retain control or reduce vacancy rates and execute business plan to scale.

    Affordable/Low-Income Housing: Owners should perform due diligence because despite the stigma, tenants don’t want to lose their Section 8 status. They must follow rules or face penalties and be evicted. Low-income housing tax credits can be lucrative.


    Resources:
    DeRosa Group


    https://www.derosagroup.com/


    DeRosa Group on YouTube


    https://www.youtube.com/user/derosagroup


    BiggerPockets


    https://www.biggerpockets.com/


    Raising Private Capital: Building Your Real Estate Empire Using Other People's Money


    https://www.amazon.com/Raising-Private-Capital-Building-Peoples/dp/1947200984


    Rich Dad Poor Dad by Robert T. Kiyosaki


    https://www.richdad.com/


    Federal Housing Administration (FHA)


    https://www.hud.gov/program_offices/housing/fhahistory


    U.S. Securities and Exchange Commission (SEC)


    https://www.sec.gov/


    Fannie Mae


    https://www.fanniemae.com/


    Freddie Mac


    http://www.freddiemac.com/


    Section 8 Housing


    https://www.hud.gov/topics/housing_choice_voucher_program_section_8


    LoopNet


    https://www.loopnet.com/


    Clint Coons


    https://andersonadvisors.com/clint-coons/


    Anderson Advisors


    https://andersonadvisors.com/


    Anderson Advisors Tax and Asset Protection Event


    https://andersonadvisors.com/asset-protection/


    Anderson Advisors on YouTube


    https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

    • 33 min
    Wholesaling Fix & Flip Formula with Jamil Damji

    Wholesaling Fix & Flip Formula with Jamil Damji

    What is wholesaling and how do you make seven figures doing it? If you are interested in becoming a wholesaler and finding fix-and-flip real estate deals, learn from a problem solver extraordinaire who is part of a supergroup.


    In this episode, Toby Mathis of Anderson Advisors talks to Jamil Damji about the art of wholesaling. Jamil has been in the real estate business since 2002 and successfully built KeyGlee, which is a national franchise with 100+ employees, spanning 180 U.S. markets.


    Also, Jamil runs a mentorship called, AstroFlipping, where he mentors and educates hundreds of entrepreneurs on how to be successful in their own wholesaling real estate business. He is the co-host of the fastest growing podcast on wholesale real estate called, Wholesale Hotline, and he started his own podcast called, To the Moon, where he highlights student success.


    Jamil’s mission in life is to impact as many lives as possible and share knowledge he has gained with those that have a desire to learn.


    Highlights/Topics:
    Who invented wholesaling? As far as Jamil knows, he did in Canada, not Ron LeGrand

    How to wholesale? Find condos, apartments, and single-family homes to buy then sell

    Developers: Working and looking for raw materials for property conversions

    Skip Transfer: Get two contracts, one to buy, one to sell property to make a profit

    Business Model: Search classifieds for rentals to amass a small fortune, only to lose it all

    Financial Crisis: Parents cosigned construction loans and all residences were foreclosed

    Standup Comedy: Plan, prepare, strategize to take care of family cause it’s your fault

    Potential Properties: Wholesalers look at as-is value and after-repair or after-risk value

    Potential Property Sellers: Cash transaction is solution or only option to situation

    KeyGlee’s Core Competency: Building cash buyers, flippers, and buy-and-hold renters

    Keys to Success: No cash or credit necessary, it takes consistency and hustle

    Indicators: Lending criteria is significantly harder and inflation is a true fear


    Resources:
    Jamil Damji on Instagram


    https://www.instagram.com/jdamji/?hl=en


    Jamil Damji on YouTube


    https://www.youtube.com/channel/UCDqJP0mZNOSR9JiIRE02NxQ


    KeyGlee


    https://www.keyglee.com/


    AstroFlipping - Real Estate Education


    https://www.astroflipping.com/


    Wholesale Hotline Podcast


    https://www.youtube.com/watch?v=RYxRy710erI


    To the Moon Podcast


    https://www.youtube.com/watch?v=lQTvL0755MU


    Ron LeGrand


    https://www.ronlegrand.com/


    HomeVestors


    https://www.homevestors.com/


    We Buy Ugly Houses


    https://www.webuyuglyhouses.com/


    Blackhawk


    https://www.dnb.com/business-directory/company-profiles.blackhawk_parent_llc.77000ae18ddcfae81d823a112bd88e4b.html


    Toby Mathis


    https://andersonadvisors.com/tobymathis-2/


    Anderson Advisors


    https://andersonadvisors.com/


    Anderson Advisors Tax and Asset Protection Event


    https://andersonadvisors.com/asset-protection/


    Anderson Advisors on YouTube


    https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

    • 30 min

Customer Reviews

4.9 out of 5
50 Ratings

50 Ratings

Amkrad1 ,

SUPER.HIGH.YIELD

Phenomenal podcast ! Chock full of incredible tax
Knowledge nuggets for all.
From the seasoned investors to newbies.... if you pay tax (and with good planning hopefully it’s minimized) then this show is for YOU.

Clint, Toby and Jeff have hit a true home run with this show. Tax Tuesday’s w/ the focus on answering listeners’ questions gives great breadth and depth of tools to learn about tax optimation... the other podcasts have fantastic interviews on variety of subjects.

All of the hosts are super approachable and make the subject of Taxes.... dare I say....FUN?!!

Keep up the amazing work all of you.
# gratitude

howard n olivia ,

Invaluable information: FOR FREE!

Toby and jeff make taxes surprisingly fun and interesting! All of this information is extremely helpful, comprehensive and free!
Keep up the great work!

DbagLV ,

Knowledgeable and helpful

Toby and Jeff take complicated tax situations and make it relevant to how I can implement these strategies in my business.

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