Welcome to Cashflow Quest! A podcast dedicated to educating others and creating a lasting legacy. Blake Comfort and Jennifer Purcell discuss their upbringing, the financial challenges they faced, and the pursuit of passive income inspired by 'Rich Dad, Poor Dad' seminars. They also touch on pivotal moments, such as their father's blindness and the transition into leadership roles, acquiring their first mobile home park, and growing their portfolio to over 2,300 units worth approximately $300 million. They highlight the importance of persistence, learning, and key partnerships in achieving success.
All content for Cashflow Quest is the property of Blake Comfort, Jennifer Purcell and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to Cashflow Quest! A podcast dedicated to educating others and creating a lasting legacy. Blake Comfort and Jennifer Purcell discuss their upbringing, the financial challenges they faced, and the pursuit of passive income inspired by 'Rich Dad, Poor Dad' seminars. They also touch on pivotal moments, such as their father's blindness and the transition into leadership roles, acquiring their first mobile home park, and growing their portfolio to over 2,300 units worth approximately $300 million. They highlight the importance of persistence, learning, and key partnerships in achieving success.
Tax Strategies for Business Owners: Navigating IRS Rules and Real Estate Opportunities
Cashflow Quest
1 hour 2 minutes 19 seconds
4 months ago
Tax Strategies for Business Owners: Navigating IRS Rules and Real Estate Opportunities
In this episode of CashFlow Quest, hosts Blake Comfort and Jennifer Purcell are joined by Tide Eldridge and Ben Schuster to dive into tax strategies that help business owners and real estate investors achieve financial freedom. The discussion covers tax structures and the benefits of different business entities like LLCs, S Corps, and C Corps, along with optimizing salary distributions to minimize taxes. The team emphasizes the importance of working with a CPA and explores leveraging the real estate professional designation for tax advantages. They also highlight why mobile home parks are powerful for depreciation benefits, how to use 1031 exchanges to defer capital gains, and how tools like Roth IRAs and life insurance can maximize tax efficiency.
Cashflow Quest
Welcome to Cashflow Quest! A podcast dedicated to educating others and creating a lasting legacy. Blake Comfort and Jennifer Purcell discuss their upbringing, the financial challenges they faced, and the pursuit of passive income inspired by 'Rich Dad, Poor Dad' seminars. They also touch on pivotal moments, such as their father's blindness and the transition into leadership roles, acquiring their first mobile home park, and growing their portfolio to over 2,300 units worth approximately $300 million. They highlight the importance of persistence, learning, and key partnerships in achieving success.
