In this episode we’re joined by Terrence Marshall (@RealtorTerrence) who tells us about starting a swim school at 20 years old, his successes investing in pre-construction condos, how to deal with landlord/tenant disputes, tax implications on long-term rentals vs. Airbnb, and how he started his own real estate brokerage. Time Stamps: His background (1:20), Starting a swim school business (2:44), Tax Write-Offs (12:40), Opportunity cost of Law School (14:04), Going to a self-directed high school (18:33), Pursuing his CPA (23:20), Investing in Pre-Con (24:34), Why he got into real estate (28:24), Landlord/Tenant Disputes (32:35), What if I don't want to deal with tenants (47:01), The problem with Pre-Con Today (55:23), How HST works on Pre-Con (59:07), Tax Implications on Long-Term Rentals (1:03:13), How to pay no tax on rental income (1:04:35), Airbnb (1:10:50), Pre-Con Success Stories (1:18:42), Pre-Con Investment Lessons (1:22:41), Commercial Pre-Con (1:27:56), Forming Grandview Realty (1:31:56), FAQ by buyers/investors (1:35:30), General Tax Q&A (1:45:07) Follow the show on Instagram: @wealthispossible