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65. How to Make KILLER Returns on Passive Investments and Save BOATLOADS of Money on Taxes!

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Manage episode 385327420 series 3449675
Content provided by Justin and Tara Williams and Tara Williams. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin and Tara Williams and Tara Williams or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Podcast Summary

In this episode, Justin Williams and Derrick Williams explore strategies for getting the most out of passive investments and maximizing tax savings on investment and income returns. They also share personal experiences and lessons learned from various investment opportunities, particularly in real estate. They delve into the importance of due diligence in investing, utilizing tax benefits, depreciation, syndications, and 1031 exchanges. Throughout the discussion, caution is emphasized on the high levels of risk associated with investments, and the need for individual research and decision-making. Approaches to future tax planning and tax-related implications of investments are also discussed extensively.

Disclaimer: The following is for informational/educational purposes only. We do not claim to be tax or legal professionals and the information should not be taken as such advice into what you should do in your personal situation. Always consult your personal CPA or Attorney. All investments have risk. Past performance does not indicate future results. Never invest what you can't afford to lose. Some of the things talked about in this episode are things we're just looking into and still learning on our own. Nothing should be taken as factual without doing your own due diligence. Links shared here are only for convenience purposes but please do your own due diligence before considering working with anyone.

Links and resources from this episode

https://www.7figuremultifamily.com/

https://zonacapitalgroup.com/

https://odcfund.com/

Podcast Time Stamp

00:00 Introduction and Disclaimer

01:16 Welcome to the Millionaire University Podcast

01:24 The Importance of Investing and Growing Your Business

01:50 Sharing Investment Experiences and Opportunities

02:51 Invitation to Derrick for Sharing His Investment Strategies

04:41 Derrick's Investment Journey and Strategies

05:19 Exploring Different Investment Opportunities

06:08 Understanding the Concept of 1031 Exchange

07:36 Investing in Open Door Capital

09:58 Understanding the Concept of Syndications

13:03 Strategies to Save on Taxes

16:34 Investing in Banks for Better Returns

19:31 Bill Allen's Influence on Derrick's Investment Strategies

21:08 Considering Real Estate Investments

21:20 Understanding Tax Benefits of Real Estate

23:17 Strategies for Tax Savings

23:50 Exploring Section 179 Deduction

24:08 The Role of a CPA in Tax Savings

25:08 Investment Opportunities and Accredited Investors

27:55 Tax Benefits of Living in Puerto Rico

32:30 The Impact of Real Estate Investors on Communities

33:35 The Role of Entrepreneurs in the Economy

35:14 Investing in Startups

36:31 Appreciating Collaborations and Networking

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

  continue reading

103 episodes

Artwork
iconShare
 
Manage episode 385327420 series 3449675
Content provided by Justin and Tara Williams and Tara Williams. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin and Tara Williams and Tara Williams or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Podcast Summary

In this episode, Justin Williams and Derrick Williams explore strategies for getting the most out of passive investments and maximizing tax savings on investment and income returns. They also share personal experiences and lessons learned from various investment opportunities, particularly in real estate. They delve into the importance of due diligence in investing, utilizing tax benefits, depreciation, syndications, and 1031 exchanges. Throughout the discussion, caution is emphasized on the high levels of risk associated with investments, and the need for individual research and decision-making. Approaches to future tax planning and tax-related implications of investments are also discussed extensively.

Disclaimer: The following is for informational/educational purposes only. We do not claim to be tax or legal professionals and the information should not be taken as such advice into what you should do in your personal situation. Always consult your personal CPA or Attorney. All investments have risk. Past performance does not indicate future results. Never invest what you can't afford to lose. Some of the things talked about in this episode are things we're just looking into and still learning on our own. Nothing should be taken as factual without doing your own due diligence. Links shared here are only for convenience purposes but please do your own due diligence before considering working with anyone.

Links and resources from this episode

https://www.7figuremultifamily.com/

https://zonacapitalgroup.com/

https://odcfund.com/

Podcast Time Stamp

00:00 Introduction and Disclaimer

01:16 Welcome to the Millionaire University Podcast

01:24 The Importance of Investing and Growing Your Business

01:50 Sharing Investment Experiences and Opportunities

02:51 Invitation to Derrick for Sharing His Investment Strategies

04:41 Derrick's Investment Journey and Strategies

05:19 Exploring Different Investment Opportunities

06:08 Understanding the Concept of 1031 Exchange

07:36 Investing in Open Door Capital

09:58 Understanding the Concept of Syndications

13:03 Strategies to Save on Taxes

16:34 Investing in Banks for Better Returns

19:31 Bill Allen's Influence on Derrick's Investment Strategies

21:08 Considering Real Estate Investments

21:20 Understanding Tax Benefits of Real Estate

23:17 Strategies for Tax Savings

23:50 Exploring Section 179 Deduction

24:08 The Role of a CPA in Tax Savings

25:08 Investment Opportunities and Accredited Investors

27:55 Tax Benefits of Living in Puerto Rico

32:30 The Impact of Real Estate Investors on Communities

33:35 The Role of Entrepreneurs in the Economy

35:14 Investing in Startups

36:31 Appreciating Collaborations and Networking

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

  continue reading

103 episodes

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