5 Talents Podcast - How To Build Wealth Through Real Estate

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

July 05, 2022 Abel Pacheco
5 Talents Podcast - How To Build Wealth Through Real Estate
Tony Watson - Diversification is Key To Protecting Your Wealth In Real Estate
Show Notes

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!


"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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