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This episode is sponsored by The Great Courses! This service offers a huge library of audio and visual courses on just about any topic you can imagine. And with The Great Courses Plus, you can learn on any device, completely on your schedule. For a limited time they’re offering my listeners a full FREE month of unlimited access to their entire library. Start your free month today by visiting thegreatcoursesplus.com/investing.

Today’s episode is also sponsored by Vistaprint! With Vistaprint, you can create a truly professional, unique card in minutes. Vistaprint wants you to be able to “Own the Now” in any situation, which is why our listeners will get 500 high-quality, custom business cards starting at $9.99. Just go to Vistaprint.com/INVESTING

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Creating a real estate business is the number one way to build wealth, and taxes are one of the biggest advantages available to real estate investors. But if you’re not proactively tax planning in your real estate business, you’re probably making some costly mistakes.

On this episode of Investing in Real Estate, we’re welcoming back Tom Wheelwright, CPA, CEO of WealthAbility, and best-selling author of Tax-Free Wealth. Tom is here to answer your questions about maximizing your taxes and how to plan for tax season year-round. This episode is jam-packed with Tom’s advice and insights; you won’t want to miss episode 500!

On this episode you’ll learn:

  • How Tom became a tax expert.

  • Why there is so much misunderstanding around bonus depreciation.

  • What the qualified business income deduction is, and how it applies to real estate.

  • The three primary tax benefits of using whole life insurance.

  • Why you should invest in a business entity.

  • How the government incentives citizens to stimulate the economy.

  • How to qualify as a real estate professional.

  • And much more!

Episode Resources
The Great Courses
Vistaprint
Lumin Skin
Tax-Free Wealth by Tom Wheelwright
The WealthAbility Show
Work with WealthAbility
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

Contact Tom Wheelwright
Website
Facebook
Twitter

If you’re ready to begin building a passive income through rental real estate,