cover of episode 424: Make More Money, Build Your Portfolio, and Get Greater Tax Deductions in 2021 with J Scott, Amanda Han, & Matt MacFarland

424: Make More Money, Build Your Portfolio, and Get Greater Tax Deductions in 2021 with J Scott, Amanda Han, & Matt MacFarland

Publish Date: 2020/12/10
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>We have a real estate and investing <strong>mastermind session</strong> in this episode of the <a href="https://www.biggerpockets.com/podcast">BiggerPockets Real Estate podcast</a>!<strong> J Scott, Amanda Han, &amp; Matt MacFarland</strong> join David and Brandon to discuss what investors should do to <strong>maximize their wealth (and opportunities) in 2021</strong>.</p><p>Co-host David Greene goes over his <strong>new book</strong> <a href="https://store.biggerpockets.com/pages/coming-soon"><em>SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business</em></a>, talking through who should (and shouldn’t) be an agent, what makes a great agent,<strong> how agents can maximize their income</strong>, and more!</p><p>J Scott talks heavily about how the election, <strong>stimulus packages</strong>, and new (proposed) tax codes could hurt (or help) real estate agents, and what you can do to<strong> ward off higher tax </strong>plans, loss of rent, or even inflation.</p><p>Amanda and Matt are our tax professionals on the show! They dive into which upcoming <strong>2021 tax codes could affect you</strong>, whether you’re an agent, a real estate investor, or just a W2 worker!</p><p>This is a fantastic episode for any listener who wants to know more about how 2021 may shape our<strong> economic future</strong>. Thankfully, we have some of the best guests in the world to tell you about it!</p><p>In This Episode We Cover:</p><ul>
  • Who should and shouldn’t become a real estate agent
  • How to offset earned income tax with real estate investments
  • Why you should buy David’s new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business
  • The new opportunity of buying businesses in 2021
  • How to hire your best workers (and why you may need to let some go)
  • How 2020 taught us to keep our businesses lean
  • What to do if 1031 exchanges go away
  • How inflation may affect your wealth over the next 1-5 years
  • Why debt is a great inflation hedge
  • And SO much more!

    • Links from the Show

    Check the full show notes here: http://biggerpockets.com/show424

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