All Episodes

April 14, 2021 29 min

Michael is known in the REI community as the "Black Belt in Real Estate Taxation." Why? Because after 20 years in private tax practice, working exclusively with real estate businesses, he is the ultimate expert. He is a best-selling author frequently presenting for REI clubs and Realtor groups, as well as CPAs and lawyers nationwide. Visit www.MichaelPlaks.com - a goldmine of tax resources for REI entrepreneurs.


[00:01 – 09:06] Opening Segment

  • Michael talks about his background
  • Enrolled Agent (EA) vs. Certified Public Accountant (CPA)
  • Michael shares why he loves Taxation
  • [09:07 – 18:46] Life Is Too Short

  • Don't take life too seriously. Put a little bit of humor in it and have fun.
  • Michael talks about his life back in Russia.
  • Michael shares his opinion on the current administration and how it will affect the real estate industry.
  • [18:47 – 28:52] THE FINAL FOUR

  • What's the worst job that you ever had?
  • Working as an IT in a corporate environment.
  • What's a book you've read that has given you a paradigm shift?
  • The E-Myth Revisited by Michael Gerber
  • What is a skill or talent that you would like to learn?
  • Speak Spanish.
  • Learn how to better prioritize my time.
  • What does success mean to you?
  • Success is when making more money will not change what you do, where you live, and who you sleep with.
  • Connect with Michael. Links available below.
  •  

     

    Tweetable Quotes:

    "Life is short, and we take it too seriously." – Michael Plaks

     

    Resources Mentioned:

  • BiggerPockets
  • BiggerPockets (Michael’s Profile)
  •  

    You can connect with Michael on Facebook or at https://reitaxfirm.com/. You can also check out the REI Tax Firm Facebook page for more information.


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