7 Figure Flipping with Bill Allen

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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!

More Episodes

3/16/2023

[626] What the Military Taught Me About Making Decisions

Ep. 626
I had a huge “aha moment” yesterday…I discovered I’ve been using a specific “military decision-making process” to grow my business since the beginning—without even realizing it.So today I want to share this with you because I know it will be INCREDIBLY helpful for anyone trying to move forward in real estate right now…Listen in now!In the military, we also use another decision-making framework called the “OODA loop.” I recorded a YouTube video about that, which you can check out at the link below.OODA Loop: https://www.youtube.com/watch?v=3Xt2Nk3sGpsCatch you on the flip side!Links & ResourcesIf you want to get started in real estate, or if you’re already a real estate investor and you want to connect with other experts and investors and learn how to adapt and thrive as the market changes, check out the resources below!Learn House Flipping & Wholesaling in the 7 Figure Academy Program: Follow a proven system to find, fix, and flip (or wholesale) off-market houses in your area, WITHOUT using your own money to buy or renovate them... within the next 90 DAYS!CLICK HERE: https://90daydealacademy.comCome to Flip Hacking LIVE: Every year 100's of real estate investors come to Flip Hacking LIVE... and many of them go on to reach $1,000,000 or more in gross profit flipping and wholesaling houses using the systems and strategies they learn at this 3-day event. This stuff works. Will YOU be next?CLICK HERE: https://fliphackinglive.com/Apply to Join 7 Figure Runway: Ready for intense networking and 1-on-1 mentoring? Surround yourself with an ACTIVE community of experts and peers who will show you what’s working, inspire you to TAKE ACTION, and hold you ACCOUNTABLE every step of the way!CLICK HERE: https://7figurerunway.com/Apply to Join 7 Figure Altitude: Are you already an experienced real estate investor, and you want to do more deals, work less, systematize your business, and get yourself “out” of the day-to-day operations? Join the 7 Figure Altitude community!CLICK HERE: https://7figurealtitude.com/
3/14/2023

[625] Why I’m Ditching My Phone

Ep. 625
Yesterday I gave up my phone.I told my chief of staff Jennifer to take it with her to Missouri so I wouldn’t be able to get to it.And already my daily life is COMPLETELY different.Here’s why I’m doing this…Listen in now!Catch you on the flip side!Links & ResourcesIf you want to get started in real estate, or if you’re already a real estate investor and you want to connect with other experts and investors and learn how to adapt and thrive as the market changes, check out the resources below!Learn House Flipping & Wholesaling in the 7 Figure Academy Program: Follow a proven system to find, fix, and flip (or wholesale) off-market houses in your area, WITHOUT using your own money to buy or renovate them... within the next 90 DAYS!CLICK HERE: https://90daydealacademy.comCome to Flip Hacking LIVE: Every year 100's of real estate investors come to Flip Hacking LIVE... and many of them go on to reach $1,000,000 or more in gross profit flipping and wholesaling houses using the systems and strategies they learn at this 3-day event. This stuff works. Will YOU be next?CLICK HERE: https://fliphackinglive.com/Apply to Join 7 Figure Runway: Ready for intense networking and 1-on-1 mentoring? Surround yourself with an ACTIVE community of experts and peers who will show you what’s working, inspire you to TAKE ACTION, and hold you ACCOUNTABLE every step of the way!CLICK HERE: https://7figurerunway.com/Apply to Join 7 Figure Altitude: Are you already an experienced real estate investor, and you want to do more deals, work less, systematize your business, and get yourself “out” of the day-to-day operations? Join the 7 Figure Altitude community!CLICK HERE: https://7figurealtitude.com/
3/9/2023

[624] How to Fill Your “Deal Pipeline” Fast

Ep. 624
Real estate investors:If you’re looking for free, cheap, or “creative” ways to land deals, these are the actions you need to be taking right now to fill your pipeline.(So you’re never scrambling to find your next property.)Listen in now!Catch you on the flip side!Links & ResourcesIf you want to get started in real estate, or if you’re already a real estate investor and you want to connect with other experts and investors and learn how to adapt and thrive as the market changes, check out the resources below!Learn House Flipping & Wholesaling in the 7 Figure Academy Program: Follow a proven system to find, fix, and flip (or wholesale) off-market houses in your area, WITHOUT using your own money to buy or renovate them... within the next 90 DAYS!CLICK HERE: https://90daydealacademy.comCome to Flip Hacking LIVE: Every year 100's of real estate investors come to Flip Hacking LIVE... and many of them go on to reach $1,000,000 or more in gross profit flipping and wholesaling houses using the systems and strategies they learn at this 3-day event. This stuff works. Will YOU be next?CLICK HERE: https://fliphackinglive.com/Apply to Join 7 Figure Runway: Ready for intense networking and 1-on-1 mentoring? Surround yourself with an ACTIVE community of experts and peers who will show you what’s working, inspire you to TAKE ACTION, and hold you ACCOUNTABLE every step of the way!CLICK HERE: https://7figurerunway.com/Apply to Join 7 Figure Altitude: Are you already an experienced real estate investor, and you want to do more deals, work less, systematize your business, and get yourself “out” of the day-to-day operations? Join the 7 Figure Altitude community!CLICK HERE: https://7figurealtitude.com/