50 Shades of Wealth - Confessions of a Real Estate Investor
Sara Jung
11 episodes
7 months ago
“Let’s say you had a $200,000 income and you had $100,000 of deductions, well, instead of paying taxes on $200,000, you’re now only paying taxes on $100,000. That creates a net, real cash value of how much you would have had to pay in taxes, and that's pretty significant. Again, over $500,000 is like ten x-ing your money!" - Yonah Weiss I’m joined this week by Yonah Weiss, a Business Director at Madison SPECS, a national real estate cost segregation leader. While at Madison, Yonah has...
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“Let’s say you had a $200,000 income and you had $100,000 of deductions, well, instead of paying taxes on $200,000, you’re now only paying taxes on $100,000. That creates a net, real cash value of how much you would have had to pay in taxes, and that's pretty significant. Again, over $500,000 is like ten x-ing your money!" - Yonah Weiss I’m joined this week by Yonah Weiss, a Business Director at Madison SPECS, a national real estate cost segregation leader. While at Madison, Yonah has...
“Let’s say you had a $200,000 income and you had $100,000 of deductions, well, instead of paying taxes on $200,000, you’re now only paying taxes on $100,000. That creates a net, real cash value of how much you would have had to pay in taxes, and that's pretty significant. Again, over $500,000 is like ten x-ing your money!" - Yonah Weiss I’m joined this week by Yonah Weiss, a Business Director at Madison SPECS, a national real estate cost segregation leader. While at Madison, Yonah has...
“You mean to tell me that if I invest in one offering, I'm diversified? And, on top of that, I'm only sitting down and looking at it one time? Alright, cool, let me see the newsletters and distributions after that because I'm pretty much sold on that aspect!" - John Fortes I’m joined this week by John Fortes, Managing Director of The Fortes Company, a multifamily private equity investment firm. Looking for a passive income while refereeing high-level NCAA basketball games led John to ...
“I wanted to build up enough cash flow to achieve financial freedom so that I could live life on my own terms. What that meant for me was, eventually getting to a point where I could replace my 'earned' income with 'passive' income, and the key to that, for me, was through cash-flow investment properties.” - Jacob Ayers I’m joined this week by multifamily real estate investor, Jacob Ayers. After earning a degree in Fire Protection and Safety Engineering at Oklahoma State Universi...
“A self-directed IRA just means that it's a retirement account. It's a tax-deferred retirement account where you can control exactly what you want to invest in rather than being limited by a bank or a brokerage firm.” - Scott Maurer We’re switching things up just a little bit this week and talking about one funding stream in particular for your real estate investments. My guest works with many of my current clients and helps them to better understand how a “self-directed IRA” can help ...
“He literally put his hand on my shoulder, and he's like, 'Brian, you don't need to be doing that...just find a partner and go big.' I'll use the seventh grade dance analogy, you now, your first dance in the seventh grade. There's a couple people in the middle dancing and everybody else is standing on the wall. That conversation basically took me from the wall to the dance floor.” - Brian Briscoe I’m joined this week by a dedicated Marine Corps Lieutenant Colonel-turned-real estate inv...
“I went back to an old game we played and it's called Monopoly. And I realized you don't broker real estate in Monopoly, you buy the land; you build wealth.” - Chris Salerno I’m joined this week by a really impressive young investor, the Founder and CEO of QC Capital, LLC, out of Charlotte, North Carolina, Chris Salerno. By the time Chris was 24, he had successfully transacted more than $40 million in real estate volume and helped lead his team to produce more than $140 million in an...
“What If I do that for a 10-unit building? What if I did it for a 20-unit building? What if I did it for a hundred-unit building? I can do the same amount of work, maybe a little bit more, for a LOT more return!” - Kimberly Marie My guest this week is physical therapist-turned-real estate investor, Kimberly Marie from Red Door Renovations, a luxury residential investment company focusing on the downtown neighborhoods of Indianapolis, Indiana. Kimberly was already embarking on her PT ...
“Understanding why you're doing this is the most important thing. Knowing that this business is a crockpot - this isn't a microwave business.” - Derek Clifford This week, I’m joined by my friend Derek Clifford, CEO of Elevate Equity. Not only is Derek a successful single- and multifamily real estate investor, having acquired 13 out-of-state units in his first year alone, but he’s built his portfolio while working a full-time W2 job! Derek is also (appropriately) author of the book, “...
“…there was so much more opportunity with real estate. A scalable business model could be built where I could work really hard at the beginning and then…basically be paid in perpetuity for the rest of my life.” - Sunitha Rao On this episode, I’m talking with a former professional tennis player, Olympian, and corporate finance professional – all of that before she started building a successful residential real estate investment company! In fact, Sunitha Rao has built a nine-door residen...
“…the biggest thing I would like to suggest to your audience is there is 28.7 trillion, $28.7 trillion in retirement funds in USA alone.” - Vinney Chopra This week, I pull back the curtain and introduce you to my mentor, Vinney Chopra, a real estate investor who currently owns and manages roughly $360 million in commercial, multifamily assets. The podcaster, author, and CEO of Moneil Investment Group shares his story of leaving his native homeland of India with just $7 in his pocket ...
Welcome to “50 Shades of Wealth – Confessions of a Real Estate Investor.” My name is Sara Jung and this podcast is a passion project – a platform to share everything my colleagues and I know about real estate investing. But we’re not going to sugarcoat things and present just the shiny, happy moments – though there are many. We’re going to be real. We’re going to discuss the good, the bad, and the ugly, because there’s more to real estate investing than just buying a property and raking in ...
50 Shades of Wealth - Confessions of a Real Estate Investor
“Let’s say you had a $200,000 income and you had $100,000 of deductions, well, instead of paying taxes on $200,000, you’re now only paying taxes on $100,000. That creates a net, real cash value of how much you would have had to pay in taxes, and that's pretty significant. Again, over $500,000 is like ten x-ing your money!" - Yonah Weiss I’m joined this week by Yonah Weiss, a Business Director at Madison SPECS, a national real estate cost segregation leader. While at Madison, Yonah has...