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8 Rentals in 8 Years & Unlocking MASSIVE Tax Breaks By Doing THIS

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Want the incredible tax breaks only real estate investors can unlock? If so, you’ll need to turn real estate into your primary job in order to be eligible. The good news is that it’s never too late to switch careers and become a real estate investor. Just ask today’s guest!

In this edition of the BiggerPockets Money podcast, we’re joined by Evan Miller, who was a bright-eyed, bushy-tailed US Air Force cadet when he first took an interest in real estate. It wasn’t long before his childhood dream of becoming a pilot was ousted by the entrepreneurial pull of building his own real estate empire. Although his journey included a stint in intelligence and a pit stop as a certified financial planner, Evan has managed to create a portfolio of eight properties over the last eight years.

In today’s episode, Evan shares his entire story from start to finish, including his frugal upbringing, his time at the academy, and his journey towards becoming a full-time real estate investor. As always, our trusted hosts Mindy and Scott are along for the ride. Tune in as we demystify a handful of money-related topics—qualifying for real estate professional status (REPS) and its enormous tax benefits, finding exclusive deals through assumable loans, and flipping houses for a profit—even in a bad housing market!

Show Notes at:
https://www.biggerpockets.com/blog/money-407?utm_source=youtube&utm_medium=description&utm_campaign=none
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Find an Investor-Friendly Tax Professional:
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Grab “The Book on Investing in Real Estate with No (and Low) Money Down”:
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Try the BiggerPockets Calculators:
Mortgages: https://www.biggerpockets.com/mortgage-calculator?utm_source=youtube&utm_medium=description&utm_campaign=none
Rental Calculator: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
Rental Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media
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Tax Day Q&A: Live CPAs Help YOU Owe Less To the IRS:
https://www.biggerpockets.com/blog/money-402?utm_source=youtube&utm_medium=description&utm_campaign=none
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16 Units in 3 States as a BiggerPockets Power Couple Working Full-Time:
https://www.biggerpockets.com/blog/rookie-217?utm_source=youtube&utm_medium=description&utm_campaign=none
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Year-End Tax Tips and How to Owe Even Less in 2023:
https://www.biggerpockets.com/blog/money-360?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Evan:
BiggerPockets: https://www.biggerpockets.com/users/evanmiller?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @simplefellowfinance or https://www.instagram.com/simplefellowfinance/
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Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode #407

00:00 Intro
01:08 Money Moment
02:04Evan's Money Story
07:27 Career Starter Loans
14:10 The Aha! Moment
19:54 When Did Real Estate Become Plan A?
29:59 CFP to Full-Time Real Estate Investor
38:33 Flipping in a Shaky Market
46:32 Connect with Evan!
49:36 Do More Deals!

8 Rentals in 8 Years & Unlocking MASSIVE Tax Breaks By Doing THIS

Dollars and Dwellings Episode 2

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