Mastering Real Estate Investment: Strategies, Tax Planning, and Professional Insights

The Money Mindset Mentoring Podcast

Join Steve Hamoen and Michael Matthew as they explore real estate investment strategies, highlighting the balance between action and planning. They discuss Michael's book and the triple c structure for Canadian investors, touching on tax credits, FAPI, and recent legislative changes. Topics include rent control, development challenges, and the benefits of setting up a C Corp in Wyoming. They cover risks of single LLC property holdings, investing in landlord-friendly states, population growth, and financial planning. The episode debunks the myth of passive income, emphasizing the value of professional management, time management, and leveraging professionals. (0:00) Introduction to the episode, guest, and today's topic (0:52) Michael Matthew's book and real estate investment discussion (1:07) Balancing action with planning in real estate (2:06) Triple c structure for Canadian investors (5:03) Tax credits and foreign income for Canadians (7:34) Foreign accrual property income (FAPI) in tax planning (10:50) Legislative changes and real estate investment (14:50) Principles vs. prescriptive-based legislation (17:27) Rent control study and affordability (22:16) Real estate development challenges (23:27) Contingency planning in real estate investment (26:12) Setting up a C Corp in Wyoming (29:24) Risks of holding properties in a single LLC (32:13) Real estate investment preparation (33:22) Investing in landlord-friendly states (36:43) Population growth and investment opportunities (37:16) Spreadsheets and expense management in financial planning (41:11) Income vs. home cost disparity impact (46:42) Vetting partners in real estate ventures (49:49) Sweat equity partnerships challenges and regulations (53:11) Right structure for raising capital (55:33) Passive income in real estate myth (56:19) Real estate funds for passive income (57:40) Private equity and investment law changes (59:33) Professional property management value (1:01:46) Time management and leveraging professionals (1:05:31) Closing remarks and book promotion