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In this podcast episode, we dive into the topic of cost segregations, a valuable tool for investors to extract extra passive losses that may potentially be used on personal taxes. We discuss the impact of recent Fed rate cuts, market reactions, and why some investors prefer private equity over stocks. Later, we explore the benefits of cost segregation in real estate, including accelerated depreciation and bonus depreciation, and how they can lead to significant tax savings. Our guest AJ Alliance from DIY Cost Seg explains the fundamentals of cost segregation, who should consider it, and different levels of studies available. We also touch on the strategic implications for different property types and situations, answering common questions and providing practical advice for real estate investors.

00:00 Introduction to Cost Segregations

00:24 Market Reactions and Investment Strategies

01:26 Private Equity Opportunities

04:29 Understanding Cost Segregation

07:23 Benefits of Cost Segregation

09:15 Practical Applications and Case Studies

10:35 Advanced Cost Segregation Strategies

15:40 Cost Segregation for Different Property Types

25:21 Common Questions and Best Practices

30:45 Conclusion and Final Thoughts

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Everything I know is laid out in my book and this 12-module Masterclass, available for you to watch on-demand.

In today's podcast episode, we dive deep into various ways to source investment capital, perfect for managing passive losses in 2024 and preparing for 2025. Learn about the current state of inflation, interest rates, and their implications for your long-term debt. We'll also explore the dynamics of the real estate market, including cap rates and investment opportunities in different property classes. Discover four significant sources of investment capital and the strategies to optimize your investments. Join us for an enriching discussion and consider participating in our upcoming retreat in Hawaii this January for more hands-on learning and networking. Don't forget to check out the additional resources and masterclasses available for our club members.

00:00 Introduction and Podcast Overview

00:33 Inflation and Investment Timing

02:15 Current Market Trends and Opportunities

06:56 Investment Strategies and Capital Sources

14:41 Lane Kawaoka's Engineering Journey

26:53 Early Financial Strategies and Credit Card Hacks

28:41 First Real Estate Investments and Lessons Learned

30:32 Transition to Real Estate and Property Management

32:55 Balancing Engineering Career and Real Estate

33:22 Pursuing Higher Education and Realizations

35:35 Mindset Shift and Financial Independence

36:57 Leaving Engineering for Full-Time Real Estate

43:57 Building a Real Estate Syndication Business

52:21 Advice for Aspiring Engineers and Final Thoughts

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In today's podcast, we discuss the concept and importance of family offices with Scott, author of 'Building a Sustainable Family Office.' As the world evolves, so do wealth management strategies. We delve into the advancements in technology like unmanned taxis, self-driving trucks, AI, and their implications on wealth. We also explore the notion of building family wealth, methods to hire professional help like CPAs and fractional CFOs, and the importance of a flexible, well-structured family office. Scott shares insights from his personal journey and experiences, providing valuable advice on sustaining wealth across generations. Tune in to learn about effective wealth succession planning, the role of AI in today’s investment landscape, and the significance of tailored financial strategies.

00:00 Introduction to Family Offices

00:14 The Future of Technology and Innovation

01:37 Protecting Family Wealth

02:09 Outsourcing Financial Tasks

02:58 Year-End Tax Strategies

04:59 Podcast Introduction and Guest Speaker

07:26 Understanding Family Offices

10:41 Building a Sustainable Family Office

30:00 Wealth Succession Planning

36:52 Final Thoughts and Recommendations

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