Tony Watson - Diversification is Key To Protecting Your Wealth In Real Estate

If you’re one of those individuals that’s trying to figure out how to unlock the magic entity structure of a business entity and how it involves your business and your taxes. Tony Watson, an active real estate investor and entrepreneur with over a decade and a half of experience. Tony along his team at Robert Hall & Associates, actively look for the newest and most up-to-date strategies to implement on client tax filings. Tony talks about the importance of engaging in services under circular two thirty which is a rule book that tax preparers must follow if you’re interested in learning more about these or any other strategies for tax savings.

[00:00 - 08:27] Opening Segment

• Introducing Tony to the show
• He sees the current real estate market as an opportunity to build wealth on appreciation side

[08:28 - 17:17] The Wealthy 1% Diversify Their Investments

• The wealthy are often diversified in their investments
• Tax planning is important for the wealthy

[17:18 - 20:21] Have a Professional Advisor Help You Guide You Through Opportunities  

• The older generation of individuals who are already in retirement have a unique opportunity to claim themselves as any kind of status for employment, including being a real estate professional
• Opportunities are different for each taxpayer

[20:22 - 33:44] Diversification is Key To Protecting Your Wealth In Real Estate

• Diversification is key to protecting your wealth in real estate
• The specific guidelines for being a real estate professional

[33:45 - 46:48] Closing Segment

• Tax advisors can help business owners and real estate investors save money by accelerating deductions and reducing taxes owed.
• See the links below to connect with Tony!

Quotes:

"Diversification is key... You got to build a team for yourself, you have to build a team of real estate professionals." - Tony Watson

"The one consistent investment at that level of income is real estate." - Tony Watson

"When you invest in syndications, you don't always need an LLC, but what you probably want to have in place, are legacy assets." - Tony Watson

Connect with Tony through LinkedIn, or visit his company at https://www.roberthalltaxes.com/

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