logo
episode-header-image
Dec 2020
1h 44m

424: Make More Money, Build Your Portfol...

BIGGERPOCKETS
About this episode

We have a real estate and investing mastermind session in this episode of the BiggerPockets Real Estate podcast! J Scott, Amanda Han, & Matt MacFarland join David and Brandon to discuss what investors should do to maximize their wealth (and opportunities) in 2021.

Co-host David Greene goes over his new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business, talking through who should (and shouldn’t) be an agent, what makes a great agent, how agents can maximize their income, and more!

J Scott talks heavily about how the election, stimulus packages, and new (proposed) tax codes could hurt (or help) real estate agents, and what you can do to ward off higher tax plans, loss of rent, or even inflation.

Amanda and Matt are our tax professionals on the show! They dive into which upcoming 2021 tax codes could affect you, whether you’re an agent, a real estate investor, or just a W2 worker!

This is a fantastic episode for any listener who wants to know more about how 2021 may shape our economic future. Thankfully, we have some of the best guests in the world to tell you about it!

In This Episode We Cover:

  • Who should and shouldn’t become a real estate agent
  • How to offset earned income tax with real estate investments
  • Why you should buy David’s new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business
  • The new opportunity of buying businesses in 2021
  • How to hire your best workers (and why you may need to let some go)
  • How 2020 taught us to keep our businesses lean
  • What to do if 1031 exchanges go away
  • How inflation may affect your wealth over the next 1-5 years
  • Why debt is a great inflation hedge
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show424

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Yesterday
2025 Long-Distance Investing Blueprint (Listen Before Buying)
Can’t make the numbers work in your local market? No worries—long-distance real estate investing is the natural next step. We’ve done it before, many times, and made the beginner mistakes, so you don’t have to. Now, we’re gearing up to do it again. Dave and Henry are heading out ... Show More
41m 2s
Jul 7
Replacing His Income with Rentals (in 3 Years!) by “Recycling” Money
In just three years, this investor scaled up to making over $100,000 per year thanks to real estate. He did it all starting in 2022 when interest rates were beginning to rise, the market was turning, and many investors decided to sit on their hands. Thanks to a strategy that allo ... Show More
40m 2s
Jul 4
How to Buy Real Estate Without Banks (Private Money Lending)
Can’t (or don’t want to) get a bank loan? We have another option for funding your real estate investments: private money lending! If your DTI (debt-to-income) is too high, you’ve maxed out how many mortgages you can get, or you need quick cash to finance a renovation, house flip, ... Show More
40m 14s
Recommended Episodes
May 2023
407: 8 Rentals in 8 Years and Unlocking MASSIVE Tax Breaks with One Career Move
Think it might be too late for you to enjoy the spoils of real estate investing? Well, you’d be wrong! Regardless of age, background, or financial circumstances, it’s never too late to switch careers and become a real estate investor. Just ask today’s guest!In this edition of the ... Show More
58m 38s
Dec 2022
365: Finance Friday: How to Become Real Estate Ready in 2023
Don’t know how to become a millionaire? There’s a pretty simple formula for seven-figure wealth that the average American doesn’t know about. It isn’t complicated, but it does take a fair amount of time to come to fruition. If you follow the same strategy, regardless of where you ... Show More
1h 2m
Jun 2024
TIP639: Buffett's Favorite Business Book w/ David Fagan
On today’s episode, Clay is joined by David Fagan to discuss Don Keough’s book, The Ten Commandments of Business Failure.  Don Keough was the President and COO of Coca-Cola. During Keough’s and Roberto Goizueta’s leadership, Coca-Cola’s stock compounded at 27% per annum from 1981 ... Show More
1h 6m
Mar 2023
REI169: The Rise of a Real Estate Entrepreneur w/ Donovan Adesoro
Patrick Donley talks with Donovan Adesoro who is a real estate developer and also Investor Relations Director for Fund That Flip. They discuss how his start in house hacking fueled the desire to do larger deals which led to him developing 16 duplexes in the Houston area with an a ... Show More
1h 12m
Feb 2023
REI162: The Power of Mindset w/ Jeff Higgins
Patrick Donley talks with Jeff Higgins about building a self-managed portfolio, managing remote rentals, and his learnings from being a men’s success coach.Jeff is a real estate investor with a portfolio of 87 units — 57 in Massachusetts and 30 in Florida. He self-manages his pro ... Show More
1h 2m
Jul 2020
19: Going Full-Time as a Rookie Right Out of College With Arvi Carkanji and Dave Arlaud
In today's episode, you'll meet a power couple who both immigrated to the U.S. seven years ago and soon decided real estate would be their path to financial freedom.Arvi Carkanji and Dave Arlaud are Nashville-based flipper-investors, who are dividing and conquering to run a succe ... Show More
1h 5m
Apr 2023
REI177: Building Wealth One Deal at a Time w/ Patrick Donley
Patrick Donley sits down with Nick Hill and Dan Foch from The Canadian Real Estate Investor podcast where they interview Patrick on how he got started in his real estate investing career, his real estate investing strategies, the pros and cons of running a fix and flip business, ... Show More
1h 1m
Jan 2023
252.5: How to Buy Your First Rental Property in 11 Steps
Buying your first rental property doesn’t need to be complicated. With some simple steps, you can go from onlooker to real estate investor, collecting passive cash flow every month! But you’ll never get going if you don’t know where to start. So to make 2023 your best year yet, D ... Show More
59m 26s
Sep 2023
323: 10 Real Estate Deals in 18 Months After Losing 80% of His Income w/Matt Ramirez
Completing ten real estate deals in only eighteen months might seem ambitious for a rookie investor, but today’s guest had no choice after experiencing a MAJOR loss of income.In this episode of the Real Estate Rookie podcast, we’re chatting with fitness mentor, professional stunt ... Show More
55m 10s
Sep 2023
448: The Average American’s Guide to Investing $10K–$100K
Want to know how to invest $10K, $25K, $50K, or even $100K? The average American household has $41,600 saved. While that’s a decent chunk of cash, it’s not working very hard for you by sitting in a savings account, is it? Fortunately, there are all types of ways to invest that mo ... Show More
58m 57s