Key Takeaways
Confidence is not just about being assertive; it's about the willingness to learn and be coached.
Life is a journey with its ups and downs; winning the small battles leads to winning the war.
Consistency in facing ups and downs allows for success through the big challenges.
The language of business is accounting; understanding that language enhances your chances of success.
Real estate investing has the potential to never be taxed if leveraged with write-offs, expenses, and depreciation.
Don't let the tax tail wag the dog; sometimes, there are valid reasons to exit a property despite tax implications.
Timeline
[02:05] Intro to episode guest
[02:50] One word that describes Brady personally and professionally.
[06:46] Can you share a brief overview of your background, current role, and your company?
[10:10] What are the tax planning strategies for limited partners, and how do they benefit as investors?
[16:36] Brady, discuss business entity structuring and mapping as Mike mentioned. How should people structure their entities?
[20:54] Discuss cost segregation, its mechanics, and how it relates to leveraging depreciation in your investments.
[31:13] Explain what a K1 is and how it's utilized for new investors or passive investors exploring deals.
Contact
Email: brady@highcountryfinance.com
Instagram: @TheBradySlack
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