In this episode, Robert and Romeo Clarke discuss:

• Escaping the rat race through active investment and tax reduction
• How depreciation works and what’s cost-segregation
• Advice for anyone facing an audit

Key Takeaways:

• Be mindful of the numbers - know the cashflow you expect and calculate for depreciation. 
• Real-estate property is made out of different pieces which all have different depreciation rates. Accelerate your depreciation over five years because when depreciation increases, the loss in your tax is increased also and you could use that to produce ordinary income. 
• When facing an audit, talk to a professional who can negotiate the best outcome for you. Don’t talk to the IRS, they can use anything against you. If you don’t have experience on how they work, they’re going to look out for the IRS, not for you. 

"If you don’t have the documentation, you don’t have the deduction. Keep your receipts… in a nice folder, everything in a nice place." —  Romeo Clarke

Connect with Romeo Clarke:

LinkedIn: https://www.linkedin.com/in/romeo-clarke-cpa-taxexpert/

Website: http://www.agiletechaccounting.com/

Connect with Robert: 

Website:    https://www.blackwellworkshop.com

Seminar Registration: https://www.cashflowassets.com

Twitter: @roberteslattery  

Facebook:  https://facebook.com/groups/blackwellworkshop

YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg

LinkedIn: https://www.linkedin.com/in/roberteslattery/

Instagram:  https://www.instagram.com/therentalpropertywealthcoach/

Book: Coming Soon! 

Email:  podcast@cashflowassets.com

In this episode, Robert and Jared Galde discuss:

• Making passive income to serve
• How to encourage your tenants to treat the house well
• Business with a heart - serving your tenants

Key Takeaways:

• Passive income frees up your time - it allows you to do the important things to you like serving your church, organization or community.
• You’ll find that most of the time, when you make your houses as beautiful as they could be, your tenants will treat it better.
• Being a true entrepreneur is not only about making money, it’s about making your work mean something to other people. Get to know your tenants’ pain points, and be a problem solver.

"...True entrepreneur - If you break down what the word means, it means undertaker - the willingness to undertake something. I see us as the world’s problem solvers… how can I solve problems that already exist?" —  Jared Galde

Connect with Jared Galde:

LinkedIn: https://www.linkedin.com/in/jaredgalde/

Twitter: https://twitter.com/SeaTownSports11

Connect with Robert: 

Website:    https://www.blackwellworkshop.com

Seminar Registration: https://www.cashflowassets.com

Twitter: @roberteslattery  

Facebook:  https://facebook.com/groups/blackwellworkshop

YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg

LinkedIn: https://www.linkedin.com/in/roberteslattery/

Instagram:  https://www.instagram.com/therentalpropertywealthcoach/

Book: Coming Soon! 

Email:  podcast@cashflowassets.com

In this episode, Robert and Bill Schwass discuss:

• The ups and downs of real estate
• Real estate derivatives and returns
• Investing on duplex and fourplex properties

Key Takeaways:

• You’re not always gonna win, but what’s important is that you get back up and you have people to be there with you when you do.
• There are more than one ways to earn money with real estate.
• Single family homes are good for equity, duplex homes are better when you factor in the maintenance and income.

"Why would I wanna retire? I enjoy working and doing things. What we’re doing right now, I see as not retiring - I see continuing to build, to grow and expand." —  Bill Schwass

Connect with Robert: 

Website:    https://www.blackwellworkshop.com

Seminar Registration: https://www.cashflowassets.com

Twitter: @roberteslattery  

Facebook:  https://facebook.com/groups/blackwellworkshop

YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg

LinkedIn: https://www.linkedin.com/in/roberteslattery/

Instagram:  https://www.instagram.com/therentalpropertywealthcoach/

Book: Coming Soon! 

Email:  podcast@cashflowassets.com