Jan 11 2021 53 mins 2
Our guest for today is Bernard Reisz, Founder and Chief Executive Officer of 401KCheckbook.com, which supports investors on investments through retirement accounts. Bernard covers a lot of areas in this real estate space, which we don’t usually talk about. He will demystify qualified retirement plans, share the secrets of different tax services, and give us tips to leverage all these in real estate investing. Let’s tune in now and learn more about financial and tax services in real estate! [00:01 - 09:14 ] Opening Segment Let’s get to know Bernard Reisz His story about leaving Corporate America The different risk management and insurance designations [09:15 - 20:27 ] Maintain Your Retirement Accounts The importance of knowing financial and tax services Bernard explains What are “naked retirement accounts” for Bernard? Bernard tells us how to invest passively with our retirement accounts Keep your money on your retirement accounts What’s this specific scenario where it’s advisable to withdraw your money? [20:28 - 31:19 ] Unrelated Business Income Tax The 3 common mistakes on Unrelated Business Income Tax (UBIT) Facts about Qualified Retirement Plans (QRPs) you should know Insights about Unrelated Debt-Financed Income Tax (UDFI) you shouldn’t miss [31:20 - 48:16 ] Unrelated Business Taxable Income How to leverage the net taxable income? Bernard shares his thoughts about Unrelated Business Taxable Income (UBTI)? How are QRPs and solo 401(k) related? Bernard talks about the services they offer [48:17 - 53:54 ] Closing Segment Connect with Bernard - links below Final words from Bernard and me Tweetable Quotes: “Real estate is tax-efficient whether you’re a passive [or] active investor.” - Bernard Reisz “The title itself and the designation and certification [don’t] mean that much. It’s more about what you are as a person.” - Bernard Reisz Resources Mentioned: Yonah Weiss Marques Ogden ------------------------------------------------------------------------------------------ Connect with Bernard on LinkedIn. Facebook, and Twitter. Visit his company online and on LinkedIn and Facebook Guest email: [email protected] Connect with me: https://www.5tcre.com/ Facebook LinkedIn Instagram Watch 5T CRE on YouTube Leave us a review and receive your free ebook Email us --> [email protected] Support the show (https://www.buymeacoffee.com/5Talents)
