Vast Voice: Telling Business Secrets to Entrepreneurs‪!‬ R. Kenner French and VastSolutionsGroup.com

Scot Poirier specializes in creative financing and owner financing, which involves using someone else's debt or asset to make money for investors. He shares an example of a house he bought using owner financing and how he made money from it. He explains the process of having a conversation with the seller to understand their motivation and see if he can help them achieve their goals without using banks or credit.



Scot also discusses the benefits of owner financing, such as the ability to attract tenants who take better care of the property and the potential for cash flow and appreciation. In this conversation, He discusses the benefits of creative financing in real estate deals. He shares examples of how he has used creative financing to purchase properties with little to no money down and how it can be a win-win situation for both buyers and sellers.



Scot emphasizes the importance of being creative and finding solutions to problems, as well as the need to ask good questions and listen to the needs of the other party. He also provides tips on finding off-market leads and navigating the paperwork involved in creative financing deals.



Takeaways

• Owner financing involves using creative financing techniques to make money for investors.

• Having a conversation with the seller is crucial to understanding their motivation and finding ways to help them achieve their goals.

• Owner financing allows for cash flow and potential appreciation of the property.

• Attracting tenants who take better care of the property is a benefit of owner financing. Creative financing allows for real estate deals with little to no money down.

• Being creative and finding solutions is key in real estate transactions.

• Asking good questions and listening to the needs of the other party is crucial.

• Finding off-market leads can be a valuable strategy in real estate.

• Navigating the paperwork involved in creative financing deals requires attention to detail and the involvement of an attorney.



Sound Bites

• We make our money on the initial call

• There are ways to protect against the due on sale clause

• Anything above the initial investment is cash flow

• You know, there's no way you can do stuff with no money down, you know, use other people's money.

• Being creative is really what matters at the end of the day.

• You might be able to get in the property you wouldn't otherwise be able to get.



If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone:
415-854-6512

Email: info@vastsolutionsgroup.com

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)



Thank you for listening!

Marv and Victoria McGuire discuss their experience in multifamily investing and syndication. They share their background in real estate and their transition to multifamily investing. They highlight the challenges of managing single-family homes and the benefits of scaling with multifamily properties. They also discuss their underwriting process and the criteria they use to select deals.



Marv and Victoria emphasize the importance of education and due diligence in real estate investing. They provide insights into the current real estate market in Florida and the impact of new regulations on real estate agents. They conclude by encouraging listeners to take action and invest in real estate for long-term financial success.



Takeaways

• Multifamily investing provides the opportunity for scalability and consistent cash flow compared to single-family homes.

• Underwriting deals and conducting thorough due diligence are crucial for successful real estate investments.

• Investing in real estate syndications can provide diversification and stable income.

• The real estate market in Florida is experiencing a shortage of housing supply, leading to multiple offers and increased competition.

• New regulations in the real estate industry, such as the NAR rules, may impact buyers and sellers, requiring more transparency and potentially affecting first-time homebuyers.

• Military background can provide discipline, determination, and a risk-aware mindset that can be beneficial in real estate investing.

• Investing in real estate can provide lifestyle freedom and long-term financial security.



Sound Bites

• Real estate syndications...provide diversification and stable income.

• Underwriting deals...and conducting thorough due diligence are crucial.

• The real estate market in Florida is experiencing a shortage of housing supply.



If you have any questions in general you can reach our office at:



VastSolutionsGroup.com

Phone: (888) 808-8278

Email: info@vastsolutionsgroup.com

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)



Thank you for listening!

In this episode, the host discusses the importance of artificial intelligence (AI) in business and how it has revolutionized the landscape. The recent announcement by OpenAI about incorporating search into their chat GPT system is highlighted, which will now compete with Google's search and AI capabilities.



The host emphasizes the significance of this development for entrepreneurs, particularly in the areas of finance and tax mitigation. The episode concludes with a reminder to stay tuned for future discussions on how AI can help entrepreneurs lower their taxes and improve their financial situation.



Takeaways

• Artificial intelligence has become a crucial tool for business success.

• OpenAI's announcement about incorporating search into chat GPT will revolutionize the AI landscape.

• The competition between Google and chat GPT in the areas of search and AI will benefit entrepreneurs.

• AI can help entrepreneurs lower their taxes and improve their financial situation.



Sound Bites

• Today is AI Wednesday.

• Open AI...revolutionized artificial intelligence.

• We're at an AI war.



If you have any questions in general you can reach our office at:



VastSolutionsGroup.com

Phone: (888) 808-8278

Email: info@vastsolutionsgroup.com

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)



Thank you for listening!

This episode discusses tax deductions for business owners and provides an overview of the tax advantages of owning a business. It covers deductions for business expenses, home office expenses, capital expenditures, and lower tax rates on business income.



The conversation also highlights the top five commonly missed deductions for entrepreneurs, including the home office deduction, vehicle expenses, meals and entertainment, professional development expenses, and business travel expenses. The reasons why entrepreneurs may miss deductions are explored, and the role of tax preparers in helping clients find deductions is discussed.



Takeaways

• Owning a business comes with several tax advantages, including deductions for business expenses and capital expenditures, as well as lower tax rates on business income.

• Commonly missed deductions for entrepreneurs include the home office deduction, vehicle expenses, meals and entertainment, professional development expenses, and business travel expenses.

• Entrepreneurs may miss deductions due to lack of awareness, not keeping detailed records, and fear of being audited by the IRS.

• Tax preparers can help clients find deductions and provide guidance on properly claiming them on tax returns.

• It is important for business owners to communicate effectively with their tax preparers and maintain a good relationship to lower their tax liability.



Sound Bites

• We're gonna go over tax deduction 101 here.

• Business owners can claim deductions for a wide range of expenses that are directly related to their business.

• Business owners can claim deductions for the cost of purchasing or improving business assets.



If you have any questions in general you can reach our office at:



VastSolutionsGroup.com

Phone: (888) 808-8278

Email: info@vastsolutionsgroup.com

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)



Thank you for listening!

R. Kenner French and Liliana Falconer discuss the top three things that new entrepreneurs need to do to set themselves up for success. The three main themes are: passion, preparation, and business structure. They emphasize the importance of being passionate about what you want to do as an entrepreneur, as it will help you push through tough times.



They also highlight the need for preparation, both financially and emotionally, and suggest having a good support system in place, such as a CPA or virtual assistant. Lastly, they stress the significance of understanding the logistics and structure of your business, including choosing the right business entity to protect your personal assets and optimize tax benefits.



Takeaways

• Passion is crucial for success as an entrepreneur. Be clear on what you want to do and have a strong belief in it.

• Preparation is key. Have your finances and emotions in order, and consider having a support system in place.

• Understand the logistics and structure of your business. Choose the right business entity to protect your personal assets and optimize tax benefits.



Sound Bites

• Be clear on what it is that you want to do. Don't be swaying between, well, should I do this or should I do that? I think you definitely need to have a clear, concise idea and have passion behind it.

• Have your ducks in a row, make sure you're prepared. So meaning financially and emotionally.

• Having a good, concise structure around the types of business that you should be filing for and having are really, really important.



If you have any questions in general you can reach our office at:



VastSolutionsGroup.com

Phone: (888) 808-8278

Email: info@vastsolutionsgroup.com

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)



Thank you for listening!

JJ Childers, an expert in asset protection, estate planning, and tax reduction, discusses the importance of working with a knowledgeable professional in these areas. He emphasizes the need for proper asset protection strategies, such as setting up legal entities and insulating assets from liability. Childers explains that the complexity of these strategies requires the expertise of someone who understands the unique challenges faced by investors and business owners.



He also highlights the importance of regularly reviewing and updating asset protection plans to ensure they align with changing circumstances. Overall, Childers aims to provide clients with peace of mind and a comprehensive approach to safeguarding their assets.



Takeaways

• Working with a knowledgeable professional in asset protection, estate planning, and tax reduction is crucial.

• Proper asset protection strategies involve setting up legal entities and insulating assets from liability.

• Regularly reviewing and updating asset protection plans is essential to ensure they align with changing circumstances.

• The complexity of asset protection strategies requires the expertise of someone who understands the unique challenges faced by investors and business owners.



Sound Bites

• If he gets sued, what then happens to all his assets?

• Isolate your assets and activities into separate legal entities so that you can insulate those assets and activities from the potential liability of your other assets and activities.

• The lower your overall net worth, the more entities you may need.



If you have any questions in general you can reach our office at:



VastSolutionsGroup.com

Phone: (888) 808-8278

Email: info@vastsolutionsgroup.com

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)



Thank you for listening!