Episodes

  • Effects of COVID-19 on mental health - volunteering for medical humanitarian work (#008)

    Effects of COVID-19 on mental health - volunteering for medical humanitarian work (#008)
    Aug 6 2020
    Our guest today is Dr. Anandhi Narasimhan is a child and adult psychiatrist and has won the Jewel of India award for her contribution to medicine. She specializes in disaster and international psychiatry and has seen and studied the effects of the COVID pandemic around the world. Dr. Narasimhan has given her services in volunteering for medical humanitarian work throughout the world. We are going to discuss the effects of COVID on mental health in our current time.  "I have been fortunate enough to be allowed to understand how mental health works throughout the world and how I may be able to contribute my knowledge to help improve mental health conditions. She talks about the variety of responses and circumstances that are showing up as a result of the COVID virus, especially for minorities who do not have resources for medical care. She treats patients in this demographic virtually and provides community outreach and education. Working to improve the mental health stressors with her patients, she discusses instances of domestic violence, how she is working with schools to know what is going on in children's' homes, and how healthcare workers are getting assistance for stress incurred on the job. Dr. Narasimhan stresses the importance of primary healthcare activities such as washing hands, social distancing, and staying at home. However, some individuals are not able to get proper healthcare because they are not mobile and are stuck at home. Healthcare advocacy groups are advocating for those in the medical community, and the California Medical Association is setting up clinician coaching programs to provide emotional support to healthcare workers.  In This Episode:  [01:22] Dr. Narasimhan gives us her background and how she became a psychiatrist.[04:40] Situations she is seeing as a result of tension caused by COVID.[06:24] What she is doing for her community outreach program.[08:37] How Dr. Narasimhan has provided outreach virtually to low-income families.[12:19] Client cases that she currently has on her patient care list. [17:21] Removing the stigma of the guilt when an abused individual reaches out for help.[21:23] Training individuals to command some of the responsibilities of reach out work. [24:28] Correlations between low-income, physical health and mental health. [30:02] Assistance for our front-line healthcare workers.  [35:46] Businesses reopening and healthcare risk associated with exposure. [38:50] America’s response to the virus was slow and lagged behind other developed countries. [41:44] Her advice to those who are stuck at home and losing hope.  Guest Bio Dr. Anandhi Narasimhan is a Board Certified Physician accredited by the American Board of Psychiatry and Neurology specializing in Adult, Child, and Adolescent Psychiatry. Dr. Narasimhan completed her adult psychiatry residency training at Duke University Medical Center in Durham, North Carolina, and completed her child and adolescent psychiatry fellowship training at University of California Los Angeles Medical Center in Los Angeles, California. She has distinguished herself in child trauma and neuroimaging research and has published her work including co-authoring a book chapter, “Child and Adolescent Responses to Trauma.”  Currently, Dr. Narasimhan runs a private practice in Westwood, Los Angeles, in addition to serving as an independent contractor for Aviva Family and Children’s Services and Masada Homes, which are both non-profit agencies with the Department of Mental Health. She is a popular media guest in the field of psychology and has had several media appearances including CNN, Fox News, USA Today and is available for speaking engagements as an expert discussant. Subscribe to Eyes Wide Open Podcast Apple Spotify Android Stitcher Links and Resources Eyes Wide Open Real Estate Investment on YouTubeEyes Wide Open InvestingConnect with Don Ganguly on LinkedInEmail Don GangulyDr. Anandhi Narasimhan on the web
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    43 mins
  • Turning Personal Tragedy into a Mental Health Cause (#006)

    Turning Personal Tragedy into a Mental Health Cause (#006)
    Jun 24 2020
    Today’s episode is focused on Eyes Wide Open giving with our very special guest, Andy Pillay, who supports a mental health cause. In this show, we will hear his heartbreaking story and the resolve Andy has displayed in taking on this venture. He found in his work at his pharmacy that patients with schizophrenia, bipolar disorder, and severe depression were not being adequately taken care of inside the medical field. Andy’s heart went out to those suffering from these mental illnesses, their families, and others who they impacted. He wanted to make a difference for these patients and then found out his son was schizophrenic. Andy’s son, now an adult, stopped taking his medication. Since his son was an adult, he could not get medical information from his doctors, so he did not know his son stopped taking medication. He then started a different medication, and Andy soon realized his son started being quieter and slipping into a darker place emotionally. From time to time, he would talk about life being “hopeless.” Nolan, Andy’s son, had problems trying to hold onto a job for more than a day or two. He attended community college and had a good command of the English language. His dad suggested that he teach English to non-English speakers. Nolan had a black belt in Taekwondo. With his parents getting older, Nolan was concerned about finances and being able to support his parents in their older life. “He was a very loving child, amiable. He came from a family of high achievers. I think that he was disappointed in the fact that he wasn’t making progress. He found that he was not capable of keeping up with them.” Nolan decided that he wanted to “save his family,” and in doing so, he was able to purchase a gun, and on January 31st, 2017, he walked into his home and shot his mother and his younger brother. He was then taken away into police custody, and his father was thrown into a world of living without his family and assisting his son’s on his court case. Andy has created the organization “Caring For the Mentally Ill,” a 501-3C organization, to provide those with mental illness a chance at life. In This Episode: [01:09] Andy tells us about his background and his story growing up in South Africa.[03:53] He talks about his experience with people who had seriously ill mental disorders.[07:45] Symptoms of these three mental illnesses and how they impact family.[10:34] How Andy’s son was diagnosed with schizophrenia.[13:14] The wide-ranging and deep rooted side effects of antipsychotic drugs.[18:27] His son, now an adult, changed his medication and started to feel hopeless.[23:54] Nolan was unable to hold a job and earn money, and had a feeling of responsibility of taking care of his parents.[27:25] Andy’s other son, Nolan’s brother, was an exceptional artist and was successful.[29:01] Nolan’s failure to accomplish what was important to him - taking care of his parents.[30:15] How Nolan purchased a gun and killed two members of his family in his home.[34:34] Both attorneys decided that Nolan’s case was not guilty in the case of insanity.[38:40] Andy talks about his cause and charity he is supporting. Guest Bio Andy Pillay grew up in South Africa and came to the US to work in the pharmaceutical industry in 1991 with his wife and two elementary-school-aged sons. He found the opportunity to work in the States appealing, and this, along with the political unease of his country, led him to make a move westward. While working in the pharmaceutical industry, he found that there was a group of severely ill patients with mental diseases that were neglected, and research for their illness was not adequately funded. One of his sons was then diagnosed with schizophrenia and was seeing a psychologist and psychiatrist. Link & Resources Eyes Wide Open Real Estate Investment on YouTube Eyes Wide Open Investing Connect with Don Ganguly on LinkedIn Email Don Ganguly Visit website: Caring For The Mentally Ill Charities Email Andy Pillay
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    45 mins
  • Ex Trulia Chief Economist on Investing in Expansive and Expensive Cities (#007)

    Ex Trulia Chief Economist on Investing in Expansive and Expensive Cities (#007)
    Jun 3 2020
    Issi Romem was the chief economist at Trulia and had a Ph.D. in Economics from Berkeley. He is a published author with many papers on real estate trends, city real estate data and writes about the current pulse of real estate investment. Growing up in Israel, Issi has always cared about cities, liked looking at buildings and maps from an early age. He is using his background in economics to assist Trulio and other startups with publicity through research. He talks about the affordability crisis, outward expansion, and suburban sprawl, their patterns, and the increase in density of cities since the 1970s. Traditionally, we have used suburban sprawl to build homes for populations outside of cities, however, once this sprawl slows down, the prices of housing are being pushed up. As a result, we are seeing cities on the coast, such as California and the Northeast becoming very expensive. Grand Policy Changes, how the cost of living in expensive cities drives industries and careers available in these cities, and how development patterns can change are all variables that drive investment opportunities. A new trend in coastal towns is people coming into coastal cities from other countries overseas. The challenge for cities is to increase growth while keeping the cost of living from exploding. Listen in to find out what cities have a legacy, coastal, and expansive traits, where you will see better yield as far as appreciation in apartment rentals and the different variables and characteristics of expansive cities versus coastal cities. Learn what factors are the root causes of expansion in American towns, Issi’s views on zoning, and what factors will need to change to fix the housing affordability issue. Guest Bio Dr. Romem is the founder of MetroSight and a fellow at the Terner Center for Housing Innovation at U.C. Berkeley. He has also served as Chief Economist of Trulia and Senior Director of Housing & Urban Economics at Zillow. His research on metropolitan growth patterns, construction trends and housing has been featured in major publications including The New York Times, The Wall Street Journal, Bloomberg and more. He regularly speaks at industry and research forums. Prior to that, Issi served as Chief Economist of BuildZoom, advised the Rentonomics team at Apartment List, and worked as an economist at OnPoint Analytics and the Bay Area Council. He earned B.A. and M.A. degrees from Tel Aviv University and the Hebrew University, and a Ph.D. in economics from U.C. Berkeley, where he has also taught as an adjunct professor.   Subscribe to Eyes Wide Open Podcast Apple Spotify Android Stitcher   Links and Resources Eyes Wide Open Real Estate Investment on YouTube Eyes Wide Open Investing Issi Romem on LinkedIn MetroSight Eyes Wide Open Real Estate Investment  https://www.youtube.com/channel/UCxlRIh8MARsGSVfwLW0VfiA/ Eyes Wide Open Investinghttps://www.eyeswideopeninvesting.com/ Email Don Gangulymailto:don.ganguly@mynd.co  Connect with Don Ganguly on LinkedInhttps://www.linkedin.com/in/donganguly/    In This Episode: [02:00] Issi gives us his background and why he chose economics as his major at Berkeley. [02:56] Where and when you want to invest into a city based on real estate data and trends. [06:10] Cities who are a magnet for workers and have high population density may not be a great investment.  [08:30] The new concern for coastal cities: who can live there as opposed to how many people can live there. [09:47] Expansive cities and the dynamics involved in their real estate. [12:35] How the specifics of properties matter when choosing your next real estate investment. [14:34] Three factors which are the root causes of expansion of American cities. [18:34] Issi’s view on zoning when investing in real estate. [23:20] The solution to housing affordability.  [24:31] Homelessness epidemic and social impact, especially on the West Coast. [26:01] Legacy cities and solving the financial problems of a legacy city. [29:50] “The Silver Tsunami”, the effects of an aging population on real estate. [35:17] How many of the 6.5 million homes that are sold will be in the Silver Tsunami category? [39:20] Fluctuations in real estate and our current economy. [42:20] Marriage, family, and how these factors affect housing and walkability in city environments.  
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    44 mins
  • How a Transcontinental Pilot built a Real Estate Empire (#005)

    How a Transcontinental Pilot built a Real Estate Empire (#005)
    Apr 21 2020
    Our guest runs a successful property management company, Empire Industries, and is an international pilot. Growing up, Steve wanted to be an airline pilot as far back as he can remember. His first position as a pilot was with Continental Airlines at the age of 25. He felt his job was safe until 911 when his position was furloughed. Luckily, the furlough list cut off after his seniority, however, Steve was always worried that his position would be the next job on the cutting board. This turning point led Steve to realize he didn’t have another job skill to fall back on for a paycheck. At this point, Steve started reading book after book, and many books suggested real estate for a second income. At 29, he felt like he was behind the curve with real estate and continued to read one book a week for the next two years to learn everything he could about this new and exciting opportunity. At first, he started wholesaling and learned about negotiating and speaking. He made enough money to join a local investment group and went in as an investor for an apartment complex. Steve and his new partner Pete eventually sold the apartment complex and took capital from the sale and moved into another investment. Steve soon found out that owning multiple apartment complexes without enough data before he made the purchase. Listen in to find out how Steve chose Houston for real estate investing, the problems Steve and his investment partner Pete came across while acquiring real estate, and why Steve thought that buying more would fix his investment issue. Learn how Steve created his checklist for buying real estate and what his list contains. Find out why you should create your investment goal first, then create your investment strategy around your goal.   Guest Bio Steve Rozenberg is an entrepreneur, international commercial airline pilot, real estate investor, CEO, business strategist, international speaker, and a leading expert in real estate investing. His company Empire Industries is considered one of the top residential property management companies in the United States, providing frustration-free property management by investors for investors. Steve has written and published seven e-books, co-hosts two weekly radio shows “Real Estate Wealth Building” on 1070 AM the Answer and “Wealth Through Real Estate” on Vinyl Draught Radio in Houston. He has been featured across the country and in Australia on multiple real estate investor programs, including the podcast Entrepreneur On Fire, Flip Nerd, and Best Real Estate Investing Advice Ever with Joe Fairless. Steve is a speaker for the Lone Star Real Estate Expo in Houston and several motivational and real estate conferences throughout Australia.   Subscribe to Eyes Wide Open Podcast Apple Spotify Android Stitcher   Links and Resources Eyes Wide Open Real Estate Investment on YouTube Empire Industries In This Episode: [01:04] Steve’s background, how he became a pilot. [02:40] How 911 affected Steve’s job as a pilot and how Steev discovered real estate investing. [04:16] The changing airline industry and what Steve realized about his “secure” job. [06:34] Steve considers real estate for a second income.  [09:39] He soon realized his pilot position could very easily be cut off. [11:02] Steve met his business partner Pete through the real estate investment group. [11:48] How Steve chose Houston as ground zero for real estate investing. [13:16] Steve and his partner Pete learn how to find good real estate deals. [15:27] The moment Steve found out that he needed to sell his real estate investment or go bankrupt. [17:09] Steve’s decision to hire a business coach and how his new coach helped him run his real estate investment business. [18:12] Biggest takeaway and lesson learned from investing in real estate. [20:39] Have strategies and goals in place before you choose your investment properties. [22:05] ROI on rental apartments for Steve in his investment choices. [25:01] Lease agreements and bilateral contracts. [27:02] Apartments versus buying homes, the cost, manpower and downsides of apartment complexes. [32:09] Factors which created Steve’s decision to invest in Houston real estate. [35:53] How to choose the right neighborhood to buy your next investment. [39:08] Look for areas which are doing well economically. [42:23] What Steve did after the decimation of Hurricane Harvey. [43:38] Are flood zone properties still a good buy for real estate investors? [45:42] Reasons why Houston is still a good place to invest in real estate. [47:04] What factors make Houston a “renter friendly” city.
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    53 mins
  • A 26-year-old woman's improbable journey to owning 18 homes (#004)

    A 26-year-old woman's improbable journey to owning 18 homes (#004)
    Apr 21 2020
    Jamisa McIvor, at the age of 26, owns 16 properties without having an investor! She started out with a title transfer from her grandmother's home. In all, her costs were $400 to transfer her family home into her name. When her grandmother passed the following year, she decided to move into her home, however; she was in for a surprise. Jamisa's new home was decorated "grandmother style," and she wanted to change the look. She wasn't aware of the cost of renovation, most estimates coming in around $60,000. Many of the contractors offered to buy the home cash for approximately $70,000. She realized the home was worth more than the offers she received, so she decided to sell the home for $152,000. This was a large sum amount being she lived on her cashier's salary. Not soon after she sold the house, she realized she could have sold it for $300,000. She recalls her first few moves in real estate were "solely based on fear" as she wasn't sure what she was doing in this new realm. After her first experience with selling a home, she realized that real estate was a good investment and a way to earn money. She was approached by multiple investors and was offered partnerships with several investors. Listen in to find out how Jamisa handled the slew of investors wanting to partner with her, how she held to her guns and didn't fold when looking out for herself and how she decided which deals she thought were the best deals for income stability. Learn how she throws out data and uses character radar to find out how dependable this person is for business. Guest Bio Jamisa McIvor-Bennett is a wife, mother and CEO of Rosebuds Investments. She is currently the deed holder of 18 properties, all in which she’s purchased with no mortgages. Jamisa’s early real estate investment career began at the age of 20 with selling her first home she bought from her grandmother. Although Jamisa is considered a novice investor, she has learned to master the industry at just 26 years of age, acquiring wealth of investments over $1,000,000.  Her investment company, Rosebud’s Investments, named after her grandmother, has helped over 900 other real estate investors to purchase investment properties. Jamisa was recently welcomed into the Forbes The Culture, a community for underrepresented 30 Under 30 list members.  Subscribe to Eyes Wide Open Podcast Apple Spotify Android Stitcher   Links and Resources Eyes Wide Open Real Estate Investment on YouTube Eyes Wide Open Investing Jamisa McIvor on LinkedIn Jamisa McIvor’s Her Investor Interview Rosebud’s Investments Property  Rosebud's Investments Property on Instagram Rosebud’s Investment Property on Facebook   In This Episode:   [02:00] Jamisa describes her background and how she came to invest in her first property. [04:16] Being the eldest of ten siblings, Jamisa learned at an early age she had to be responsible and mature for taking care of matters well in advance of her age. [08:04] Jamisa’s first walk-through of her “new” family home. [13:56] Gentrification and how this affects homeowners of gentrified properties. [18:41] She walks through her first real estate transaction process, starting to figure out the details. [21:47] Investors start to approach Jamisa with offers for her to work with them. [30:46] Abandoned houses and her model of picturing how they would look after remodel. [32:23] Profit, rehab and after remodel value of her real estate purchase. [35:34] Jamisa realized she could remodel much of her real estate herself with the help of her boyfriend, now her husband. [39:40] How she built her portfolio without going into debt, using auctions. [43:55] Property management, and her gut feeling with who she is partnering with in business. [46:20] With 18 properties, Jamisa has never had any leasing or rental issues with payment. [50:12] Quantum money principle with credit cards and how she used trial and error to invest. [52:23] Leveraging, fixed rates and how she builds her business relationships.
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    1 hr and 1 min
  • A CEO Turns Giving into Transformative Corporate Culture (#003)

    A CEO Turns Giving into Transformative Corporate Culture (#003)
    Apr 16 2020
    Charlie Antis is a man who follows his passion for giving. Starting with putting a roof on a single mother’s home over thirty years ago to being on the board of the Ronald McDonald House, his philanthropic journey is incredible and heartwarming. Show Summary We are kicking off this episode of our podcast with Charles Antis, owner of Antis Roofing, who lives purposefully by weaving charitable causes into his life. Growing up in a blue-collar timber town in Oregon, Charles wasn’t exposed to big business. He found work at a local roofing company and learned the trade of roofing. Charles picked up enough side jobs to start his own business fixing leaky roofs, which eventually turned into his full-time business. “We can change industry and change community and create a positive light on so much,” says Charlie of his giving campaigns. No matter how profitable his fiscal year, he always commits and follows-through with his giving endeavors. “We couldn’t let anyone have a leaky roof because they didn’t have the money to pay” is a big part of his philanthropic value. So when he received a call from Habitat for Humanity to give eight roofs to military families, he couldn’t say no. “You’ll never see me call myself a philanthropist, I’m a businessman,” Charles tells me, even though he has donated much of his time, manpower and materials to needy families. His experience with his premature twins and Ronald McDonald House led him to partner with this organization to provide safe and dry housing for families of pediatric patients. Listen in to find out how Charles fell into his giving campaigns, why he wants to be “all-in” on his giving campaigns, and how he found himself through the journey with his causes. Learn how he has moved through challenges of giving and why his employees are happy and stay with him long-term.   In This Episode: [01:25] Charle’s journey into a life of giving. [03:25] How he started in the roofing business in his small Oregon town. [05:35] His story of how he gave a single mom whose home was full of mold a new roof. [10:50] The a-ha moment of giving when he put the new roof on as a charitable gift. [12:23] Charlie’s call with Habitat with Humanity and a turning point for his brand. [14:14] His experience with giving and the Ronald McDonald House. [18:40] Talking to the business developer of Ronald McDonald House and the Roofing Alliance. [23:26] Charle’s giving campaign to give to others who give to their favorite organization. [25:49] Why 501-3C gift cards equate to happy employees who tell great stories. [29:28] Authenticity is the key to a good life and business. [35:18] Causes Charlie recommends. Guest Bio His story began early in Charles’ career when every piece of business was necessary to pay the bills and support his young family. He met a mother with seven children living in a mildew infested home, desperate for a roof with no ability to pay. Though strapped for cash, Charles gave the family a new roof. That was the start of a life-long practice – to give back first. Charles Antis believes that his purpose is to give more and to inspire his employees and other small and mid-size companies to make a difference by volunteering and giving financially to causes in their communities. “Join me in creating the world in which we want to live!” This is the battle cry from Antis Roofing & Waterproofing Founder & CEO, Charles Antis, to his employees, clients, and the community. While Antis Roofing’s purpose is to keep families safe and dry, Charles is fulfilled by igniting passion in others to do good.  His company attracts so many employees who are passionate about giving back. Antis Roofing is making a profound difference in their community. Today, the value of saying yes and giving back is a value embedded in the company culture. Links and Resources Eyes Wide Open Real Estate Investment on YouTube Eyes Wide Open Investing Email Don Ganguly Connect with Don Ganguly on LinkedIn Antis Roofing Contact Charles Antis Charles Antis on LinkedIn Connect with One OC
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    38 mins
  • Real Estate Tax Attorney on must know new laws (#002)

    Real Estate Tax Attorney on must know new laws (#002)
    Apr 16 2020

    Brooke Pollard talks about split value property issues, appreciation of the commercial and residential property, and writing off property value on your taxes. She dives into details of Prop 13 split wealth tax write-offs and the differences for residential and commercial properties. Brooke offers advice on Prop 13 and how this tax law will affect commercial investment.

    Brooke Pollard is a partner at TLD Law Firm, with four offices in SoCal: Long Beach, Irvine, Downey, and Beverly Hills. The firm is NAMWOLF Certified, a majority female-owned law firm. Before becoming an attorney, Brooke had a career in banking. She transitioned into law as she wanted to assist businesses and business owners in SoCal to achieve a higher level of business.

    Rents, landlord, taxes, and tenants, how do all these factors play out? Find out what Brooke recommends and how the new bill which may pass in California can affect an investor or landlord in one or all of these categories. Rent control laws vary depending on your city and type of apartment complex.

    Listen in to find out what types of investments are incentives to invest in at this time, the best way to hold a title when buying property under your business umbrella, and how you should ensure your company so as not to get sued against your personal holdings and assets.

    In This Episode:
    • [02:57] Brooke’s current business portfolio, types of business she assists.
    • [04:24] What split value entails in the realm of California commercial real estate.
    • [06:40] Details of California’s Prop 13 and how this tax law can affect your tax filing for 2019.
    • [08:20] As a real estate investor, what do you need to be aware of in regard to Prop 13?
    • [10:45] Tax bill 1482 and rent control in California: what you need to know.
    • [13:29] Fallout and effects of tax bill 1482 on single home residential investments and commercial apartment investments.
    • [17:25] Is rent control positively or negatively affecting affordable housing in Southern California?
    • [21:44] How the new bill 1482 is retroactive to last quarter of 2019 for apartment complexes.
    • [22:27] Brooke gives advice on how you should hold your title under your business umbrella.
    • [27:25] Insurance policies and adequate coverage for your personal and business assets.
    • [30:04] Does the number of investment properties change the type and amount of insurance you should carry?
    • [33:34] Check your rent agreements, lease agreements for up-to-date, accurate information and other details to cover yourself and your property investment.
    • [36:48] The numbers game when covering for taxes on your property investment.
    Guest Bio

    Brooke Pollard has exceptional knowledge in the area of property taxes, property tax appeals, and claim-for-reassessment exclusions during transfer of real property into and out of legal entities. She processes and reviews commercial lease and purchasing agreements, and works with publicly traded companies needing local representations for lease and purchase negotiations for developed and undeveloped properties.

    She graduated from Loyola Law School in May 2007. While at Loyola Law School, Brooke clerked for the Hon. Richard Aronson, California Court of Appeals, Fourth Appellate District, Division Three, and worked for an estate planning firm in Costa Mesa. Before entering law school, Brooke was a Financial Services Officer at a large local bank specializing in small and growing businesses.

    Brooke received her Bachelor’s degree in Economics from the University of California at Los Angeles. While at UCLA, Brooke actively participated in the school’s athletic program and was the first female manager of the men’s UCLA basketball program.

    Link & Resources

    Eyes Wide Open Real Estate Investment on YouTube

    Eyes Wide Open Investing

    TLD Law Firm

    Brooke Pollard at TLD Law

    Email Brooke Pollard

    Email Don Ganguly

    Connect with Don Ganguly on LinkedIn.
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    39 mins
  • Insider Tax Tips for Real Estate Investors (#001)

    Insider Tax Tips for Real Estate Investors (#001)
    Apr 16 2020
    Amanda Han, a tax expert from Keystone CPA. walks us through various tax deductions you can take when you invest in real estate. Amanda calls herself a “CPA by day and real estate investor by night” as her day job is running Keystone CPA, an accounting firm specializing in tax-saving strategies for real estate investors.  When working with clients, Amanda often finds people missing out on opportunities to deduct expenses that are not precisely real estate but related to their company car expenses, office supplies, home office expenses, and books related to their company are often missed. “You are in the business of real estate investing; from that perspective, any expense that you’re incurring that is reasonable for real estate could be a legitimate deduction.” Her goal is to use real estate investing as a way to significantly reduce taxes for her clients. Many of her personal assets are long term holds, although she has many clients who are involved in flipping and wholesale selling. Amanda is a third-generation real estate investor. Although her parents and grandparents were real estate investors, Amanda came into real estate investing via her CPA degree. After graduation, she was hired by a real estate firm and quickly realized the tax savings individuals would see when investing in real estate. Listen in to find out what types of deductions you can take based on your investor status, how you can determine what you can deduct your write-offs against, what will raise the IRA red audit flag, and how you can legitimately claim your home office on your taxes. Learn the criteria to claim home office space on your taxes, common misnomers people make and the types of tax credits you can miss, and how depreciation works on your real estate tax return. In This Episode: [00:45] Amanda Han introduces herself and talks about her specialty niche.[02:32] How Amanda became a CPA and became involved in real estate.[03:53] Make sure to deduct your real estate expenses from your taxes and deductions which are often missed by individuals filing their taxes.[05:38] Is having the status of professional investor versus passive investor give you an advantage on your tax deductions?[08:09] When are you inviting an audit from the IRA on your taxes?[11:21] Restrictions on writing off interest on loans in your realty investment portfolio.[13:25] Using your residential home equity to purchase more real estate property.[16:19] Depreciation and how you can use depreciation to your advantage during tax filing.[20:27] How to write off property depreciation depending on different factors.[22:57] Front-ending depreciation and how to accelerate depreciation deductions.[25:59] Depreciation and recapture – which route should you take? [29:04] Owning properties in various states equates to filing taxes in all states you have property invested.[34:34] What is the criteria you need to have to be considered a professional investor?[38:48] How to prove your logs are legitimate with your records.[41:34] Amanda talks about her new book and tools you can find online.[43:15] Buying stocks and bonds versus real estate investment from a tax perspective. Guest Bio Amanda has over 18 years of experience as a CPA with special emphasis in real estate, self-directed investing, and individual tax planning with “Big Four” public accounting experience in the Lead Tax Group servicing clients in the real estate industry. Amanda has also served in the Corporate Tax Department for an international Fortune 500 Company in the high-tech industry and was responsible for quarterly provisions and various aspects of SEC reporting. She is experienced in working with international companies in terms of federal and multi-state tax planning, as well as audit representation and resolution. Amanda is a frequent contributor and educator to some of the nation’s top investment companies and is a leading expert on retirement investing. Amanda’s cutting-edge tax strategies have been featured in prominent publications, including TIME Magazine Online, BiggerPockets.com, Realtor Magazine, and AllBusiness.com. She is certified by the CA State Board of Accountancy and is a member of the prestigious American Institute of Certified Public Accountants (AICPA) practicing in all 50 U.S. States. Link & Resources Eyes Wide Open Real Estate Investment on YouTube Eyes Wide Open Investing Keystone CPA on the web Keystone CPA ebooks Keystone CPA Tax Saving Tools Contact Keystone CPA Email Don Ganguly Connect with Don Ganguly on LinkedIn.
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    45 mins