Reduce taxes, pay for college, and increase retirement

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The problem

1. Three problems with one answer
2. Equipment leasing, and who rents it

How it is run

1. Someone else runs the property
2. What about an audit

Three problems with one answer

Did you know you could legally and ethically reduce or even eliminate your taxes while reducing the cost of your kids' college and still actually increase your retirement income? All with the same strategy. That's right. It sounds too good to be true, but as a father of five kids, I've had to learn all of this information out of desperation more than inspiration.

It started with trying to reduce the cost of college, but then I discovered that I was paying more in taxes than I was going to be paying for college. So then I started looking for better ways to pay for college, which led me to ways to actually reduce my taxes. Now, the secret isn't to fire your CPA. I know because I've switched more CPAs than I can count.

And the reality of it is is that most CPAs are really designed and trained to help you prepare your taxes and make sure you're compliant. They're really not in the business of helping you to reduce your taxes. The only thing they do is tell you to max out your retirement accounts. And if you're a business owner, you can write off part of your home office.

Maybe you put your kids on payroll, take business trips instead of vacations, all those things. But if you're a W2 or 1099 employee, about all you can do is max out your retirement accounts. And then I discovered what I call the business of tax mitigation strategies. What does that mean?

Well, the tax code is a book of incentives. The government can't bribe you to do what they want want like we do. Like we can bribe our kids. We can pay them five bucks to go clean out our car.

The government doesn't really make any money. So instead, they create tax incentives to get you to do what they want. And then there are business owners or entrepreneurs that take advantage of the tax code to be able to help you take advantage of these tax savings. And then of course it helps them as a business.

Let me give you an example. The government wanted everyone to invest in solar and buy electric cars. So Elon Musk created a business that sold electric cars and solar batteries. But the reality of it is is that you couldn't reduce or even eliminate your taxes by, you know, buying an electric car or solar.

But that's an example of how an entrepreneur took advantage of the tax code to be able to grow their business. Now, there are several other examples. Let's say, for example, you wanted to go start your own excavation company. Well, you could buy all this excavation equipment with, let's say, 20% down.

You get a loan from the bank. You put 20% down and you buy, let's say, a half a million dollar worth of excavation equipment for your business. Well, with the new bonus depreciation that Trump brought back, you can actually put 20% down on a half a million dollar loan and reduce your income by the cost of that equipment. The problem is is you probably don't want to start an excavation company.

You're probably a W2 employee. So, how do entrepreneurs help you take advantage of similar tax savings? Well, what if there was a business owner who created a business plan that found all these people who wanted to lease heavy equipment instead of buying it? And then they helped you as an investor to buy this equipment.

Again, maybe you put 20% down,

Equipment leasing, and who rents it

buy all this heavy equipment. You get all the tax savings. They help you lease this equipment to businesses that want to lease this heavy equipment. Now all of a sudden you're a business owner because you own heavy equipment.

But some entrepreneur out there created a business model to help you find those who want to lease this heavy equipment from you as the business owner. But now you get to take all those other tax advantages like putting your kids on payroll, taking those business trips instead of vacations and writing off your home office expenses and vehicle expenses. take. You could even buy a vehicle that counts as a business vehicle and write that off through bonus depreciation.

That's just an example of business owners who are creating businesses that allow you to take advantage of the tax code. It's not your CPA. Now, your CPA needs to review these businesses, making sure that they're compliant so that they'll sign off on it. Now, I am no Elon Musk, but I am an entrepreneur that wanted to make investing in real estate as easy as investing in the stock market.

That's right. So, I created a business to buy these scholarship houses that can generate cash flow and tax savings to pay for your kids' college. Now, ironically, depending on what schools you choose, if you go to the right school, by reducing your income through these tax savings, you could even increase your financial aid eligibility and get free money for school. However, even if you can't qualify for free money, you know, for fi through financial aid, you can still buy real estate or heavy equipment that generates cash flow that can help your kids pay for college.

That's right. You could even take out college loans, defer the payments until later, and then use the cash flow from the real estate to pay those college loan payments. But here's the best part. What happens after all those co college loan payments are paid off?

The cash flow keeps coming in. If you're leasing out your heavy equipment, if you have real estate and you're renting out real estate and you're getting cash flow, then you could use that cash flow in retirement. Now, what I love so much about real estate is that it actually appreciates in value. The secret, however, if you are a W2 employee, is that it has to be a short-term rental.

Think Airbnbs or VBO, right? So, you need a vacation rental. That's right. A vacation rental allows you as a W2 employee to create these losses through bonus depreciation that will offset your active income, a W2 or 1099 income.

Now, we as a company make this so easy for you that we have a team that goes out there and finds all of these vacation rentals in the top vacation markets. We have a team that analyzes all of the market data to make sure that there's enough revenue coming in to cover all the expenses, including your mortgage payment, right? And still cash flow to make you money to pay for college, of course. And we have a team that will do any renovations that we need or design furniture, everything that we need to do to get that house up and running to create that amazing guest experience as an Airbnb.

And we even have a property management company that can manage the property for those five-star reviews and a revenue optimization team. And the revenue optimizations team will actually look at the pricing strategies

Someone else runs the property

on a day-to-day basis and adjust the nightly rate to be able to maximize your revenue and increase your occupancy. That's right. We have an entire business model that allows you to take advantage of all the tax savings even as a W2 employee. And then you get all that cash flow to pay for college.

And when college is paid off, that cash flow continues to come in and pays for your retirement income. It is an amazing way to not only do all of what I just talked about, but also increase the money that you leave to the next generation. See, if you have money in an IRA or a 401k, that money is going to be spent during retirement or whatever's left is going to be handed to your kids and then they have to count it as income and they pay taxes on all that money that they receive. But if you leave that real estate to your kids, they get um all of that real estate tax-free.

So, there's a way to not only reduce taxes now, but you can also reduce taxes over time. And why not just keep doing this year after year? Why not just take some of the tax savings to buy more real estate? Why not leverage some of the equity to buy more real estate?

Why not use some of your retirement accounts to buy more real estate and use the bonus depreciation to buy the government out of your retirement account? See, if you have IAS or 401ks, the government owns part of that retirement account because that hasn't been taxed yet. But what if you could use those retirement accounts to buy real estate today and actually use the bonus depreciation to buy out the government? There's a lot of ways to do it.

Don't use your 529 accounts to pay for college. If you do, the money's gone. Why not use your 529 accounts to buy real estate that will cash flow the cost of college? And based on your education expenses, you can even get that money out taxree and penaltyree.

Lots of things that we can do to help you. Our team will look at your situation. will analyze what are the best strategies. Let's create a real estate strategy that gives you tax savings and that gives you cash flow to pay for college and increases your retirement income and leaves more money to the next generation.

And then let's supplement that with additional advanced tax strategies like solar, heavy equipment leasing, maybe there's oil and gas, maybe there's um charitable donations or any other of these business opportunities that allows you to maximize those tax savings as well. That's right. Our team spends a lot of money every year researching these strategies, but your CPA can review these strategies and make sure that they are okay signing off on those strategies. Now, if you have one of those lazy CPAs that don't even want to take the time to look into it, then maybe you do need a new CPA.

And if you've been using Turboax to file your taxes, then maybe you do need a CPA that understands these tax strategies like the short-term rental tax strategy. You need a

What about an audit

CPA that understands some of these advanced tax mitigation strategies so that they can sign off on those because they've done the research and they understand how they are taking advantage of the tax code legally and ethically. Now, a lot of people are like, "Oh, what about an audit?" you know, I don't want to get audited. You know, which is so funny because if you think about it, I don't know anyone that bought a Tesla and thought, I wonder if I'm going to get audited for buying this Tesla. Or maybe you put solar on your roof.

Did you think, am I going to get audited for putting solar on my roof? No. Because the tax code was an incentive for you to buy an electric car and put solar on your roof. Well, guess what?

The tax code has an incentive for you to buy real estate. It has an incentive for you to invest in oil and gas. Has an incentive for you to buy heavy equipment for your business and you can use bonus depreciation to write it off. There's a lot of tax incentives out there.

Now, does that mean you're not going to get audited? Of course not. Okay? And by the way, I'm not a CPA and I'm not giving you legal or tax advice.

You're going to need to consult with your CPA. But if you follow the rules, if you do what you're supposed to do, that doesn't mean you're going to be audited. And if you do get audited, just make sure you've done all your homework and that you've tracked everything and you've done what your CPA encourages you to do um in that particular situation. If you want to learn more how to reduce your taxes, pay for your kids' college, increase your retirement income, increase the amount of money you leave to the next generation, okay, and as an added bonus, maybe even reduce the cost of college, then book a call with our team.

Let us see if we can help