Maximizing Tax Benefits in Real Estate with Billy Withers
Manage episode 421615486 series 3572299
In this episode of Skip the Lines Podcast with Jonathan Mitchell interviews legendary real estate tax expert Billy Withers. They discuss Billy's fascinating journey from Army brat to renowned tax strategist, covering his extensive background in accounting and taxation.
The conversation delves into valuable tax-saving strategies including ADUs, depreciation, cost segregation, and the short-term rental loophole. Billy also shares insights on the importance of meticulous bookkeeping and what it takes to qualify as a real estate professional.
Perfect for anyone looking to enhance their knowledge of real estate tax strategies!
Highlights
00:00 Welcome to Skip the Lines with Jonathan Mitchell & Guest Billy Withers
00:21 Billy Withers: A Legend in Real Estate and Capital Raising
00:33 The Power of LinkedIn and Genuine Connections
01:48 Diving Into Billy Withers' Background and Journey
02:01 From Army Brat to Taxation Expert: Billy's Early Years
03:47 Mastering Taxation: Billy's Academic and Professional Path
12:00 The Shift to Entrepreneurship and Real Estate Insights
13:59 Embracing the Entrepreneurial Spirit: Billy's Transition
16:38 Finding Success and Making Partner in the Virtual World
18:08 Navigating Life's Crossroads: A Personal Journey
19:42 The Entrepreneurial Leap: Starting an Accounting Firm
20:28 Mastering Your Trade: The Path to Independence
22:42 The Riches Are in the Niches: Focusing Your Business
23:57 Exploring the ADU Market: Opportunities and Strategies
24:27 Tax Strategies and Real Estate: Maximizing Benefits
29:38 The Power of Cost Segregation in Real Estate
39:41 Bookkeeping and Accounting: The Foundation of Financial Success
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Connect with Billy Withers!
Website: https://summitats.com/
Twitter/X: https://twitter.com/BillyWithersTax
LinkedIn: https://www.linkedin.com/in/billywitherstax/
LinkedIn: https://www.linkedin.com/company/summitats/?trk=ppro_cprof
Connect with me!
Instagram: https://www.instagram.com/jonathanmitchellre/
Facebook: https://www.facebook.com/profile.php?id=100088499808533
Instagram: https://www.instagram.com/jonathanmitchellre/
Facebook: https://www.facebook.com/profile.php?id=100088499808533
LinkedIn: https://www.linkedin.com/in/jonathan-mitchell-a1493410b?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3Bked5yNlFRoy58i2w48zNjg%3D%3D
ADU PALS: https://adupals.com
Business Inquiries: jonathanmitchell@sunergyca.com
#SkipTheLinesPodcast #BillyWithersRealEstate #RealEstateInvesting #CapitalRaising #LinkedInChallenge #OperatorLegends #TaxSavvy #EntrepreneurJourney #WealthBuilding #ADUTaxBenefits
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