Succeed REI Podcast

Vitaliy Volpov

Welcome to the Succeed REI Podcast - the go-to show for individuals who want to build wealth and achieve financial independence through real estate investing. This podcast is designed to help both novice and experienced investors learn about real estate investing strategies, get expert advice, and stay up-to-date on the latest trends in the real estate market.Each episode features interviews with industry experts and successful investors, who share their insights, experiences, and tips on how to succeed in real estate investing. The guests come from a variety of backgrounds, including real estate agents, brokers, investors, developers, and other industry professionals. You'll hear from individuals who have built successful real estate businesses from the ground up, as well as those who have made a fortune by investing in real estate.The Succeed REI Podcast covers a wide range of topics related to real estate investing, including rental properties, flipping, wholesaling, tax strategies, financing options, and much more. The show's host, a seasoned real estate investor, asks thought-provoking questions that dig deep into the details of each guest's story, allowing listeners to gain a better understanding of what it takes to succeed in the real estate market.Whether you're just getting started in real estate investing or you're a seasoned pro, the Succeed REI Podcast has something for everyone. By listening to this show, you'll learn new strategies, gain valuable insights, and get inspired to take your real estate investing to the next level. So tune in today and start your journey to financial independence through real estate investing! read less
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The Ultimate Guide to Tax Planning for Real Estate Investors: Insights from a CPA
May 22 2023
The Ultimate Guide to Tax Planning for Real Estate Investors: Insights from a CPA
The 2022 tax season is over.  Did you pay through the nose?  It's time to take your tax planning seriously in 2023.  Watch this interview with a real estate tax expert and save yourself thousands next time you file!In this in-depth 87-minute podcast interview, real estate investor and CPA, Sean Daley, shares his expert insights on tax saving and tax planning strategies specifically geared toward real estate investors. Whether you're a seasoned investor or just starting out, this interview is packed with valuable information that can help you maximize your investments and save thousands of dollars on taxes.Sean covers a wide range of topics, including depreciation, 1031 exchanges, and the benefits of investing in real estate through a self-directed IRA. He also shares his thoughts on the current state of the real estate market and offers advice on how to navigate the challenges and opportunities that lie ahead. If you're looking to take your real estate investments to the next level, this interview is a must-listen (and watch)!Watch this podcast in video format on YouTube here.Time Stamps:2:13 - Sean Daley’s background and real estate experience 4:26 - tax benefits of house hacking9:50 - how Sean used rental income from his house hack to save for a down payment for his next investment property13:32 - Sean’s advice for people who are thinking about but hesitating to get into real estate 15:56 - The BRRRR method explained17:12 - In the Lab: Sean’s breakdown of various tax planning and saving topics19:18 - The different ways that different types of income are treated by taxing authorities 27:32 - Depreciation recapture explained 29:16 - Real Estate investor tax advantages 36:18 - 1031 Exchange explained 42:05 - advantages of cash-out refis45:26 - installment sales/seller financing 47:46 - step-up basis explained51:27 - interest expense, principal pay down, and 1099s for independent contractors 58:53 - what you can write off as a real estate investor 1:04:51 - loss on rental property to offset W2 income; real estate professional status1:08:00 - cash flow vs taxable income example1:12:39 - overrated/underrated: tax planning1:17:10 - in the news: Biden’s proposed tax law changes1:22:50 - tip of the week: record keeping best practices 1:26:28 - how to connect with SeanAffiliate / Video Links and Free Giveaways:My favorite tenant screening service (RentPrep.com) here. - sign up for a free account- have your applicants pay for tenant screening directly to the site- no more need to collect application feesListen to Podcast 2 to find out more about it or watch in video form here. Best platform for finding off-market real estate deals (PropStream.com) here.  - sign up for a free 7-day trial to test it out!- tons of features for finding and marketing to motivated sellers and cash buyersWatch my review and tutorial here.Rental property analysis video playlist here. My free sample rental application here.Watch the rental application best practices video here.

Episodes

The Ultimate Guide to Tax Planning for Real Estate Investors: Insights from a CPA
May 22 2023
The Ultimate Guide to Tax Planning for Real Estate Investors: Insights from a CPA
The 2022 tax season is over.  Did you pay through the nose?  It's time to take your tax planning seriously in 2023.  Watch this interview with a real estate tax expert and save yourself thousands next time you file!In this in-depth 87-minute podcast interview, real estate investor and CPA, Sean Daley, shares his expert insights on tax saving and tax planning strategies specifically geared toward real estate investors. Whether you're a seasoned investor or just starting out, this interview is packed with valuable information that can help you maximize your investments and save thousands of dollars on taxes.Sean covers a wide range of topics, including depreciation, 1031 exchanges, and the benefits of investing in real estate through a self-directed IRA. He also shares his thoughts on the current state of the real estate market and offers advice on how to navigate the challenges and opportunities that lie ahead. If you're looking to take your real estate investments to the next level, this interview is a must-listen (and watch)!Watch this podcast in video format on YouTube here.Time Stamps:2:13 - Sean Daley’s background and real estate experience 4:26 - tax benefits of house hacking9:50 - how Sean used rental income from his house hack to save for a down payment for his next investment property13:32 - Sean’s advice for people who are thinking about but hesitating to get into real estate 15:56 - The BRRRR method explained17:12 - In the Lab: Sean’s breakdown of various tax planning and saving topics19:18 - The different ways that different types of income are treated by taxing authorities 27:32 - Depreciation recapture explained 29:16 - Real Estate investor tax advantages 36:18 - 1031 Exchange explained 42:05 - advantages of cash-out refis45:26 - installment sales/seller financing 47:46 - step-up basis explained51:27 - interest expense, principal pay down, and 1099s for independent contractors 58:53 - what you can write off as a real estate investor 1:04:51 - loss on rental property to offset W2 income; real estate professional status1:08:00 - cash flow vs taxable income example1:12:39 - overrated/underrated: tax planning1:17:10 - in the news: Biden’s proposed tax law changes1:22:50 - tip of the week: record keeping best practices 1:26:28 - how to connect with SeanAffiliate / Video Links and Free Giveaways:My favorite tenant screening service (RentPrep.com) here. - sign up for a free account- have your applicants pay for tenant screening directly to the site- no more need to collect application feesListen to Podcast 2 to find out more about it or watch in video form here. Best platform for finding off-market real estate deals (PropStream.com) here.  - sign up for a free 7-day trial to test it out!- tons of features for finding and marketing to motivated sellers and cash buyersWatch my review and tutorial here.Rental property analysis video playlist here. My free sample rental application here.Watch the rental application best practices video here.
Landlords, Beware! Property Management Insider Reveals Must-Know Tenant Tips
May 21 2023
Landlords, Beware! Property Management Insider Reveals Must-Know Tenant Tips
Dive into the world of tenant screening and property management with an industry expert! Learn about recent landlord-tenant law developments and get valuable tips that will help both new and seasoned landlords.Time Stamps:1:04 - Introductions and background11:44 - RentPrep.com overview13:25 - Different tenant screening products that RentPrep offers31:20 - Distinguishing features of RentPrep compared to other screening providers35:11 - State-specific restrictions on information you can obtain from tenant screening and limitations on ability to pass the cost onto tenants45:47 - Tenant background check feature through RentPrep51:20 - Adverse action letter form template54:39 - What criteria landlords should be setting for minimum acceptable tenant qualifications?59:41 - Best practices to avoid professional deadbeat tenants1:06:14 - Overrated/Underrated - eviction histories in tenant screening (discussion of restrictions on this information in New York and other states)1:19:33 - Biden's Tenant Bill of Rights, its legality, and how it will impact landlords when it becomes agency policy1:38:16 - Tip of the WeekIf you would like to watch a video version of this episode, you can find it here.  If you want to see other real estate investing videos on my YouTube channel, you can find them here.RentPrep.com affiliate link here.Andrew's linktree here.20 Questions To Ask Potential Tenants article here.Follow me on my Instagram here and Facebook page here.Other Affiliate / Video Links and Free Giveaways:Speaking of tenant screening, if you need a rental application, you can get my free template here.  Watch my video on tenant screening here. If you're struggling to find deals on the MLS, my favorite platform for skip-tracing and direct mail marketing is called PropStream.  You can sign up for a free 7-day trial here and check out all of their features.
How this 24-yr-old Investor Bought 45 Rental Units with $0 of His Own Money
Feb 27 2023
How this 24-yr-old Investor Bought 45 Rental Units with $0 of His Own Money
Buying 45-units for most new investors seems like a far away goal. Buying 45-units by the age of 24 and doing it with $0 of your own money sounds impossible. But, this investor did just that!I have been talking about and following the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy since 2017 and I have had very good success doing it (now approaching 150 units myself), but most people said that this really isn't a strategy that can be done without a lot of experience, credit, high paying job, etc. However, my podcast guest today, Giovanni Lisi, is proving all of those doubters and nay-sayers wrong.  He bought his first property when he was 22 years old, fresh out of college and working as a 1099 real estate agent.  Over the following 2.5 years, Giovanni continued buying small multi-family properties and is now about to close on his 45th unit, all at the ripe old age of 24!In this episode of the Succeed REI Podcast, Giovanni and I dive into his real estate investing story, family upbringing, and the strategy that allowed him to reach his current level of financial success at such a young age.  His percevierance and drive are definitely inspiring and young investors should definitely listen all the way through as Giovanni and I share a ton of valuable insight for anyone looking to follow a similar path.If you would like to connect with Giovanni, you can find him on Instagram at: https://www.instagram.com/thebrrrrkid/If you would like to watch a video version of this episode, you can find it here. If you want to see other real estate investing videos on my YouTube channel, you can find them here.Follow me on my Instagram here and Facebook page here. Affiliate / Video Links and Free Giveaways:If you prefer a more passive approach to real estate investing, check out "Roofstock" and sign up for a free account with my affiliate link here.  For tenant screening, I recommend a service called RentPrep, which you can find and sign up for a free account here.  In most states, you can pass the cost on to your applicants and other sign up or account fees involved.  You get the best quality screenign reports and you pass the cost on to your applicants. Speaking of tenant screening, if you need a rental application, you can get my free template here.  Watch my video on tenant screening here.  If you're struggling to find deals on the MLS, my favorite platform for skip-tracing and direct mail marketing is called PropStream.  You can sign up for a free 7-day trial here and check out all of their features.