DiscoverBiggerPockets Money Podcast407: 8 Rentals in 8 Years and Unlocking MASSIVE Tax Breaks with One Career Move
407: 8 Rentals in 8 Years and Unlocking MASSIVE Tax Breaks with One Career Move

407: 8 Rentals in 8 Years and Unlocking MASSIVE Tax Breaks with One Career Move

Update: 2023-05-01
Share

Description

Think it might be too late for you to enjoy the spoils of real estate investing? Well, you’d be wrong! Regardless of age, background, or financial circumstances, 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!


In This Episode We Cover

How to seamlessly transition from your current vocation to a career in real estate

The value of frontloading depreciation when building your real estate portfolio

Assumable loans and how to find HUGE deals in military markets

How to flip houses at a profit in a volatile housing market

Real estate professional status (REPS) tax benefits (and how to qualify!)

The opportunities that come from surrounding yourself with other real estate investors

And So Much More!


Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott's Instagram

Grab Scott’s Book, “Set for Life”

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

The Real Estate Rookie Podcast

Listen to The “On The Market” Podcast: SpotifyApple PodcastsBiggerPockets

Money Moment

Episode 217: 16 Units in 3 States as a BiggerPockets Power Couple Working Full-Time

Grab “The Book on Investing in Real Estate with No (and Low) Money Down

Tax Day Q&A: Live CPAs Help YOU Owe Less To the IRS

Year-End Tax Tips and How to Owe Even Less in 2023

Try the BiggerPockets Calculators:

Mortgages

Rental Calculator

Rental Estimator


Click here to check the full show notes: https://www.biggerpockets.com/blog/money-407


Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Let us know!

Learn more about your ad choices. Visit megaphone.fm/adchoices

Comments 
loading
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

407: 8 Rentals in 8 Years and Unlocking MASSIVE Tax Breaks with One Career Move

407: 8 Rentals in 8 Years and Unlocking MASSIVE Tax Breaks with One Career Move

BiggerPockets