The Money Mindset Mentoring Podcast
Steve Hamoen covers sales and marketing mastery to overcoming challenges, scaling through team development, and harnessing the power of mentorship for rapid growth.
Mastering Real Estate Investment: Strategies, Tax Planning, and Professional Insights
Join Steve Hamoen and Michael Matthew as they explore real estate investment strategies, highlighting the balance between action and planning. They discuss Michael's book and the triple c structure for Canadian investors, touching on tax credits, FAPI, and recent legislative changes. Topics include rent control, development challenges, and the benefits of setting up a C Corp in Wyoming. They cover risks of single LLC property holdings, investing in landlord-friendly states, population growth, and financial planning. The episode debunks the myth of passive income, emphasizing the value of professional management, time management, and leveraging professionals.
Key Points
- Balancing action with planning is crucial to avoid unnecessary risks and excessive taxes when investing in real estate.
- Setting up a proper corporate structure, like the triple c structure, offers Canadian investors protection and tax efficiency when investing in US real estate.
- Vetting partners thoroughly and having a solid agreement in place is essential to avoid conflicts and ensure a successful real estate investment partnership.
Chapters
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| 0:52 | |
| 1:07 | |
| 2:06 | |
| 5:03 | |
| 7:34 | |
| 10:50 | |
| 14:50 | |
| 17:27 | |
| 22:16 | |
| 23:27 | |
| 26:12 | |
| 29:24 | |
| 32:13 | |
| 33:22 | |
| 36:43 | |
| 37:16 | |
| 41:11 | |
| 46:42 | |
| 49:49 | |
| 53:11 | |
| 55:33 | |
| 56:19 | |
| 57:40 | |
| 59:33 | |
| 1:01:46 | |
| 1:05:31 |
Transcript
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