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 ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Join the BiggerPockets Money Facebook Group: https://www.facebook.com/groups/bpmoney ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Got a Money Tip to Share? Send Us an Email: moneymoment@biggerpockets.com ~~~~ Find an Investor-Friendly Tax Professional: https://www.biggerpockets.com/blog/tax-partners?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Grab “The Book on Investing in Real Estate with No (and Low) Money Down”: https://store.biggerpockets.com/products/investing-in-real-estate-with-no-and-low-money-down?utm_source=owned_media ~~~~ 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 ~~~~ 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 ~~~~ 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 ~~~~ 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 ~~~~ 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/ ~~~~ Want to Be a Guest on the BiggerPockets Money Show? Apply Here: Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ 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! |