Mark Kohler CPA just completed his third book and offers us 28 tips for tax planning and asset protection. He gives us insider information about S-corps, LLC’s and Obamacare. He wants everyone to have an exit plan for their life through a versatile revocable living trust because as much as you may not want to admit it we are all mortal. Knowing your properties and finding a balance of diversification and protection is a key component to smart real estate investing.

Key Takeaways:

[2:13] 28 game changing strategies for tax and asset protection

[3:54] 3 Tips for planning

[4:55] Know the difference between ordinary income and passive income

[9:10] The 3 costs related to Obamacare

[10:32] Income property is a proven tax-favored asset class

[11:00] Healthcare strategies

[11:52] The solution is the S corporation for multiple sources of income

[13:25] LLC do not save taxes

[14:10] The Kohler Payroll Matrix

[15:46] You do not need an LLC for every rental

[17:33] Know your properties and find a balance

[19:10] Register as a foreign LLC in every state that you have property

[21:53] Don’t forget about the legal and tax planning that needs to be done

[22:20] How do these things fit into your estate plan?

[23:02] Revocable Living Trust

[27:07] A real life “Do not resuscitate” experience

Mentions:

Lawyers are Liars

The Tax and Legal Playbook

MarkJKohler.com

Today we speak with Marshall Saunders of Saunders Dailey. Saunders was named one of Swanepoel’s 200 most powerful people in residential real estate and is the recipient of RISMedia’s 2013 Tech Titan award.

Saunders started pursuing his interest of community funded real estate in 2014. He thinks crowdfunding will be a major game changer for individuals who would like to invest smaller amounts of capital than normally required through traditional IPOs. He describes the history of crowdfunding, the impact of 2012’s Job Act and how banks and mortgage companies might react to this type of investment in the future.

Key Takeaways:

[2:12] Crowdfunding is a game changer for investing in startups

[3:30] Democratizing the investment system

[7:56] Crowdfunding has a long history and in 2012 the Jobs Act was signed

[10:16] Title 3 of the Jobs Act will draw lines on investing in Crowdfunding opportunities

[14:20] Investment opportunities for questionable investments will grow

[17:29] One third less filling than your typical IPO

[18:00] Setting up and selling shares of LLCs via crowdfunding

[20:36] Buying equity in bulk

[22:42] Will individuals turn to crowdfunding sites to pay the mortgage of their single family home?

[24:31] Real estate crowdfunding sites raise money for debt offerings

[26:48] Mortgage companies may require higher down payments

[29:02] Do banks prefer foreclosures based on mortgage insurance payouts?

Mentions:

Saunders Dailey

The World’s First Cashless Society article from Nick Giambruno

Kickstarter

SEC