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cover art for 7FF 305: Tax-Saving Strategies for House Flippers & Wholesalers (What to Do Before the End of the Year)

7 Figure Flipping with Bill Allen

7FF 305: Tax-Saving Strategies for House Flippers & Wholesalers (What to Do Before the End of the Year)

We’re coming up on the end of the year…


Less than 2 weeks left.


And that means you’ve got less than 2 weeks to work on your tax strategy for 2019.


As real estate investors, we face some unique tax considerations.


Taxes can be your biggest expense.


But there are a lot of ways to reduce and defer your taxes for the year.


And getting this right could be the difference between taking home a healthy profit versus ending the year without much to show for your work.


So let’s talk about tax strategy.


On today’s episode of the podcast, I’m hanging out with my CPA Chris Picciurro as we walk through the 4 fundamental ways to approach your tax strategy and some of the specific things you can do to save on taxes this year and in the future.


This is going to get pretty technical, and we’re going to cover a lot…


Let’s dive in!

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  • 776. [776] Will Mortgage Rates EVER Go Below 5%?

    08:04||Ep. 776
    Will we see mortgage rates drop below 5%? Maybe. Maybe not.But there’s a different question you should be asking.I’m sharing that question (and how to answer it) in today’s podcast episode… so you’re prepared to thrive whether mortgage rates go up or down.Success in real estate isn’t about luck.It’s about having the right tools, knowledge, and network at the right time.Some people spend years trying to figure this business out on their own. Others plug into a system that’s already working.Example: Runway. It isn’t just another coaching program—it’s a proven path with constant support, resources, and the community you need to learn and move fast in the real estate industry.If you're ready to stop guessing and start executing……click HERE to book a strategy call with my team. >>Catch you on the flip side!LINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0  7 Figure RunwayFollow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more. CLICK HERE: https://hubs.ly/Q01ggDLL0 7 Figure Real Estate Ready RoomUse this proven blueprint to launch and grow your real estate investing business. Step-by-step video course takes you through everything you need to know… and we’ll jump on WEEKLY workshops to break down each step with you LIVE! Think of it like getting a master’s degree in tactical real estate investing for a fraction of the cost. CLICK HERE: https://7figureflipping.com/ready  Connect with us on Facebook and Instagram: @7figureflipping
  • 755. [775] Flipping vs Wholesaling: Which Should You Start With?

    06:56||Ep. 755
    You’ve probably heard this before…“Wholesaling is the best strategy to start with if you’re new to real estate… then, once you’ve built up some capital, you can get into flipping.”But what if that’s not actually the best way to get started?What if choosing the wrong starting point could set you back months……even YEARS?In this episode, I’m revealing a hidden truth about these two strategies that could change your entire approach…Listen in now.If you’re serious about getting into real estate… whether that’s wholesaling, flipping or something else… you don’t have to figure it out from scratch.You don’t have to do this by “trial and error.”The framework has already been proven.The strategies already exist… and our mastermind members are using them every day.Click here to book a strategy call with my team. >>Catch you on the flip side! LINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0  7 Figure RunwayFollow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more. CLICK HERE: https://hubs.ly/Q01ggDLL0 7 Figure Real Estate Ready RoomUse this proven blueprint to launch and grow your real estate investing business. Step-by-step video course takes you through everything you need to know… and we’ll jump on WEEKLY workshops to break down each step with you LIVE! Think of it like getting a master’s degree in tactical real estate investing for a fraction of the cost. CLICK HERE: https://7figureflipping.com/ready  Connect with us on Facebook and Instagram: @7figureflipping
  • 774. [774] Is the Housing Market Going Up In Flames???

    08:21||Ep. 774
    Everywhere you look, people are asking the same question…Is the real estate market going to crash?!If you want to position yourself to take advantage of the opportunities that are coming… and avoid the pitfalls… you have to stay on top of this stuff.So let’s look at the data.Listen in to today’s episode to learn more.Whatever you do, don’t go through this alone.Don’t guess.Don’t gamble.Don’t listen to the media.Don’t buy into the “sky is falling” rhetoric.(There are ways to make money when the market is up and ways to make money when the market is down… skilled investors do both.)I’ve watched so many people waste years waiting for the right moment……when what they REALLY needed was to get into the right environment, get around people who are committed to success no matter what, and keep taking action.This is why getting into a group like 7 Figure Runway can be so powerful…Because you’re finally getting around people who aren’t letting the media dictate their decisions.And instead……you start seeing firsthand how to apply the system in any market environment.How to adapt and stay ahead.How to take advantage of the situation to GROW your business while everyone else is taking the “wait and see” approach.If you’re interested in being part of Runway……we’re opening the doors again soon.Click here to learn more, apply to join, and get on the list. >>Catch you on the flip side! LINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0  7 Figure RunwayFollow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more.. CLICK HERE: https://hubs.ly/Q01ggDLL0
  • 773. [773] What Trump’s Tariffs Mean for Real Estate

    07:55||Ep. 773
    Trump’s tariffs are hitting social media and headlines everywhere. Some investors are already feeling the effects.What’s changing? How could this impact your deals? And what should you be watching out for in the months ahead?Here are the top six things you need to know.Interested in Joining 7 Figure Runway?Real estate is always changing. The best investors don’t go it alone—they surround themselves with people who can help them navigate every shift in the market. That’s exactly what we do in the 7 Figure Flipping community.If you’re serious about growing your real estate business, click below to learn more.7 Figure Runway >>Let’s see if this is the right community for you.If you have any questions, reach out to info@7figureflipping.com.LINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0 
  • 772. [772] He Flipped 1 House and Made $286K (Crazy Story)

    33:08||Ep. 772
    Imagine flipping 1 house… and walking away with $286 profit.In today’s episode of the 7 Figure Flipping Podcast, I’m hanging out with 7 Figure Runway member Ralph Rivera as he shares how he took on a $1.5 million house flip and walked away with $286k in profit.Starting out, Ralph was focused on homes around the $400K price point with a $50K renovation budget. After setting his sights on bigger things…(And systematizing + scaling his business)...…he started flipping houses worth millions.And the impact has been massive.Listen in to get the whole story.Interested in Joining 7 Figure Runway?It’s been awesome having Ralph in the 7 Figure Runway mastermind group.If you’re ready to get around people like this…And follow a proven path to scale your real estate business……then click here to jump on a strategy session with our team. >>Let’s see if Runway could be a good fit for you.(We’re very protective of this community, so joining is by application only. This gives you a chance to learn more about us and how the group works, and gives us a chance to get to know you and see if our core values are aligned.)If you have any questions, reach out to info@7figureflipping.com.Don’t let capital hold you back from your next deal.I hear this all the time… “I can’t flip houses because I don’t have enough money.”Or “I can only flip 1 house per year because all my money is tied up in the deal.”If this is what’s holding you back, the secret to breaking through and scaling your business is understanding how to get access to private capital.Check out Bill Allen’s 5-Day Flip Funding Challenge, where he walks you through the exact steps to raise capital for your flips without bank loans, cold calling investors, or anything you might have heard of.This is a simple, repeatable system to get all the funding you need for your deals.(I took this challenge myself and used the steps Bill taught to raise $370,000 of private capital in 5 days!!!)Click HERE to Sign Up for the Flip Funding Challenge >>Catch you on the flip side!
  • 771. [771] Use This 1 Tool for Managing Remote Deals (It Does EVERYTHING)

    27:06||Ep. 771
    Thinking about flipping or wholesaling houses out-of-state / remotely?This one tool makes it possible.(It does everything… property photos, inspections, showings and walkthroughs, even lockboxes and notary services.)This is a must-have for anyone managing remote projects.I use this system myself and it’s a game-changer. I was shocked when I saw how much it could do… and it has allowed us to systematize our deal flow in multiple markets and expand into additional areas without having to hire more staff.If you want to close more deals, in more places, with less headaches……then check out InvestorBootz here. >>Catch you on the flip side! LINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0  7 Figure RunwayFollow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more. CLICK HERE: https://hubs.ly/Q01ggDLL0 7 Figure Real Estate Ready RoomUse this proven blueprint to launch and grow your real estate investing business. Step-by-step video course takes you through everything you need to know… and we’ll jump on WEEKLY workshops to break down each step with you LIVE! Think of it like getting a master’s degree in tactical real estate investing for a fraction of the cost. CLICK HERE: https://7figureflipping.com/ready  Connect with us on Facebook and Instagram: @7figureflipping
  • 770. [770] “Should I Flip Houses or Buy Rentals?”

    09:40||Ep. 770
    I hear this question all the time…Is it better to flip houses or buy rentals?The answer isn’t as simple as picking one over the other.These two strategies serve completely different purposes….And both can be powerful wealth-building tools.(If used correctly.)But which should you start with?Which should you lean into in 2025?This is what I’m digging into on the podcast today… listen in now.The doors to the 7 Figure Runway mastermind group are opening again soon…And we’ll start bringing on members for our next cohort.We only have about 10-15 spots open each time we do this…So if you want to get on the list, click here and fill out an application to join. >>In Runway, you don’t have to weigh the pros and cons of flipping versus rentals versus wholesaling or anything else.We take you through a unified framework that brings together the immediate returns of active income and the long-term wealth-building power of passive cash flow.It’s already laid out for you.The model is already proven.Inside Runway you’ll have peers to bounce ideas off of..Mentors to personally guide you through each step of the journey..And accountability and support to keep you on track.Plus 100% purchase and renovation financing covered through our built-in lenders, massive Home Depot discounts, and too many other perks to list here.If you want to learn more, apply to join and let’s connect. >>Catch you on the flip side!LINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0  7 Figure RunwayFollow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more. CLICK HERE: https://hubs.ly/Q01ggDLL0
  • 769. [769] How to Start Flipping Houses [Step-By-Step Guide]

    14:26||Ep. 769
    Most aspiring house flippers get stuck before they even start.But flipping houses doesn’t have to be overwhelming if you follow a proven system.In this episode, I break down the 8 steps to create a successful house flipping business… one that gives you the freedom and income you need to live the life you want.By the end of this episode, you’ll have a clear roadmap to get started.(And get over any obstacles that have been stopping you in your tracks.)The main thing that stops most new house flippers is: money.It takes money to buy houses, pay for down payments, pay for renovations, and so on…And this is a huge obstacle for a lot of people.But it doesn’t have to be.Bill’s 5-day Flip Funding Challenge walks you through the exact steps to secure private capital so you can start flipping houses without using your own cash.Bill has held this challenge a couple times… but you all loved it so much that we’re bringing it back again!It’s happening live next week.Click here to sign up. >>Catch you on the flip side!LINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0  7 Figure RunwayFollow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more. CLICK HERE: https://hubs.ly/Q01ggDLL0 7 Figure Real Estate Ready RoomUse this proven blueprint to launch and grow your real estate investing business. Step-by-step video course takes you through everything you need to know… and we’ll jump on WEEKLY workshops to break down each step with you LIVE! Think of it like getting a master’s degree in tactical real estate investing for a fraction of the cost. CLICK HERE: https://7figureflipping.com/ready  Connect with us on Facebook and Instagram: @7figureflipping
  • 768. [768] This 1 Thing is Holding You Back From Success

    30:54||Ep. 768
    Too often, the thing that we need to do most…Is the thing we avoid doing.But when you push past resistance, take massive action, and get out of your comfort zone, that’s where success happens. Sam Scaparrotti was making 150+ phone calls everyday as a sales person…He wanted to make a change in his life and to better support his family. So he threw himself head first into the real estate world. It was a long, difficult journey… but today, he has completed a series of house flips in Cleveland near hospitals and colleges. He just exited another successful flip 2 weeks ago. He's also got an Airbnb property in the works, a mixed-use building about to close, and has raised over $350k in just 40 days after learning Bill Allen's private capital system. In short, he’s in a completely different place.Listen in to find out how he did it (and how he overcame some unbelievable challenges along the way).Today, in addition to his real estate business, Sam runs an incredible medical foundation providing families essential medical resources that insurance won’t cover.It’s called the B Brave Foundation. Insurance can take months, or even years, to cover expenses, but many of these kids and their families don’t have that kind of time.That’s where B Brave Foundation steps in, providing immediate support to help them when they need it most. Click here to check out the awesome work they’re doing. >>Catch you on the flip side!LINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0  7 Figure RunwayFollow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more. CLICK HERE: https://hubs.ly/Q01ggDLL0 7 Figure Real Estate Ready RoomUse this proven blueprint to launch and grow your real estate investing business. Step-by-step video course takes you through everything you need to know.… and we’ll jump on WEEKLY workshops to break down each step with you LIVE! Think of it like getting a master’s degree in tactical real estate investing for a fraction of the cost. CLICK HERE: https://7figureflipping.com/ready Connect with us on Facebook and Instagram: @7figureflipping