Episode 122 - Learn about 2018 TAX REFORM and how it will impact you

Not since 1986, have we seen major changes to tax legislation. Mark Patten and Mandy Thiebaud are CPA’s with McKinnon Patten in Dallas. They joined us in the podcast to explain what changes you can expect as a real estate investor. Mark expands on SECTION 199A. (QUALIFIED BUSINESS INCOME DEDUCTION) This is the biggest tax break afforded to small business owners in 30 years; it benefits owners/investors of pass-thru entities and needs to be understood when you invest in real estate. Mandy discusses SECTION 179 and COST SEGREGATION and 1031-EXCHANGES and if any changes were made with the new legislation.

Please contact your CPA or financial advisor for further clarification on how the new tax reform legislation will impact you.

To contact Mandy or Mark: www.mckcpas.com or 214 696 1922

Mandy Thiebaud, CPA mandy@mckcpas.com
Mark Patten, CPA mpatten@mckcpas.com

To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com

Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

ASK MIKE MONDAYS - Can you talk about the various levels of property management?

When you hire a third party management company they perform several functions.
1) Accounting 2) Human Resources (employees work for the management company- not you)
3) Structured onsite and overseeing management.
If you don’t hire a third party contractor to handle these specific jobs, then you are the management company and have to perform all those functions.

Episode 121 - FUTURE DEAL SPONSOR? Listen to how a PASSIVE INVESTOR wants to be treated

If you want to buy apartments; You will need money- lots of it! Passive equity partners supply most of your equity when you buy an apartment building. Charles LeMaire has invested in over 20 partnerships. He only invests as a limited partner. He brings great insight on how you should treat your limited partners.

To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com

Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.
 

ASK MIKE MONDAYS - What steps does Michael take to PROVE UP his OPERATING PROFORMA when doing initial due diligence?

When you put an initial PROFORMA- you have to make ASSUMPTIONS on the initial market rents and operating expenses. Michael examines how he backs those assumptions up.

ASK MIKE MONDAYS - What are the personal income requirements to invest in a real estate transaction? Listen how Michael interprets the question.

Episode 120 - Sven & Rebecca just BOUGHT a 140 unit apartment building and just SOLD a 41 unit building. Listen to the details on how they did it and what was important

Sven & Rebecca Dienst have been looking to fully supplement their current income with investing in apartments. This, husband and wife team, have been self-employed for many years. They were worried that if their business slowed down or one of them became disabled; would they have enough money to live on.
They first invested in apartment education and then formed their acquisition team with a mentor, equity investors, real estate attorney, management company, and a apartment lender BEFORE they started to search for apartments. In the last few years, they have purchased a few apartment buildings. For Sven & Rebecca, apartment investing has become a good alternative to supplement their income.

Episode 119 - More WOMEN NEEDED in Apartment Ownership! Kimberly Radaker, took action, and now owns THOUSANDS of apartment units

Kim Radaker explains how she purchased THOUSANDS of apartment units in the last few years. Kim is a VALUE ADDED buyer. She puts HUMPTY DUMPTY back together again. She acquires physically distressed or poorly managed apartment properties and cures all the problems. She has done a great job and has rewarded the local apartment community and her investing partners with a much better asset. Listen to how Kim took action and is now “knocking it out of the park.” Hey, you can do this, too!