PDX Real Estate EP160: The Interworkings Of A Winning Real Estate Portfolio With Rob Levy And Dirk Zeller
The Portland Real Estate Podcast
Release Date: 07/17/2024
The Portland Real Estate Podcast
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info_outlineYou've heard the saying "multiple streams of income," but what about multiple streams of passive income?
Real estate offers a variety of options, from single-family homes to apartment buildings, and today we're joined by two experts to break it all down.
Dirk Zeller, CEO of Real Estate Champions, has experience with all types of real estate investments, from single-family homes to small plexes, apartments, and commercial properties.
Rob Levy, who has been in the real estate business since 1988, is brilliant with his investing strategy and knowledge. Some of the earliest advice he received was that you can make a lot of money selling real estate, but you can make more investing in real estate.
We dive into real estate investment strategies from every angle, including single-family homes, multi-family homes, and commercial investments.
While cash flow is crucial, we also explore the significant tax savings and depreciation benefits that come with strategically structured investments.
Our experts break down concepts like cost segregation, explaining how it allows for a large one-time depreciation deduction that can substantially reduce taxable income for real estate professionals.
We compare the pros and cons of investing in certain properties. Single-family homes may offer better appreciation, while multifamily properties can provide more consistent cash flow and lower acquisition costs per unit.
No discussion would be complete without tackling tenant and property management along with location strategies.
We explore the benefits of using self-directed retirement accounts (SDRAs) for real estate investments, showing how investors can defer taxes and potentially grow wealth tax-free.
Our experts also shed light on partnering strategies, obtaining non-recourse loans, and navigating IRS regulations to ensure compliance.
We discuss market insights, from tax laws to managing investments, including practical advice for new and seasoned investors.
This podcast provides a comprehensive overview of real estate investment strategies, emphasizing the importance of education, strategic planning, and leveraging tax benefits.
Join us as we unpack these critical topics and more with Dirk Zeller and Rob Levy. This is an episode you won't want to miss!
Key Takeaways
Real estate investment strategies vary, with both single family and multifamily properties offering unique advantages.
Understanding local market laws and having a solid investment strategy is crucial for success.
Significant tax benefits, including mortgage interest deductions and cost segregation, can reduce taxable income.
Single Family homes often appreciate more, while multifamily properties provide consistent cash flow.
Selfdirected retirement accounts (SDRAs) offer tax deferred or tax free growth for real estate investments.
Having local market knowledge and a proactive approach helps in finding and managing profitable investments.
Diversification in investment properties can provide stability and enhance long term returns.
Leveraging properties and scaling investments are essential strategies for building wealth.
Challenges in real estate investment include tenant management, property maintenance, and market fluctuations.
Understanding Section 8 housing benefits and drawbacks can impact investment decisions.
Building a real estate business, living below your means, and having access to financing are key to successful investment.
Investing in properties outside your local area requires reliable property management and local expertise.
Finding the right deal and being willing to invest despite minor cost differences can lead to long term success.
House hacking and partnering with others can be effective entry strategies for new investors.
Utilizing property management teams and continuously educating oneself on real estate strategies are vital.
Buying properties with the potential for appreciation and maintaining flexibility in investment approaches are recommended.
The importance of scaling investments to achieve financial independence is emphasized.
Courses and books on real estate investment can provide valuable knowledge and skills.
Self-Directed IRA accounts and understanding their regulations can significantly enhance investment opportunities.
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Steve’s Team at Premiere Property Group
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Resources
PDX Real Estate Ep155: Unpacking Nar Developments—With Rob Levy