You have no idea how incredible it is that you offer this information. The in depth research and knowledge you have brought to the table in an hour is by far the best education I have received!! I look forward to your conference. Thank you sooooo much for putting this out here. Blessings to you for your fun, candid approach. And willingness to share. ❤
Was dead asleep...heard this man voice and thought I'll just turn the TH-cam TV off. Nope my ears were trapped. The wealth of information/education Mark shouted was more than I learned in all my years in business school. I watched an just fell in love with his magic. Amazing job, I absolutely love this Show!!! I'm hooked.
This is the best shit on TH-cam! I have all the books on audible! I watch everyone of your video at least 3 times. Love Matt also, y'all have helped me so much! Thank you
Powerful stuff! CRITICAL INFORMATION to understand about ASSET PROTECTION! Watch this all the way through. Mark is a God Send. Thank you so much brother. I truly appreciate that you shared this knowledge. Just purchased this book👍🏼
I’m a real estate broker and will say you are spot on!!! I have so many investors that I can share this with!! Thanks so much. I subscribed and thumbs up....
Super hero for the ages! Answered so many of my current and future questions within this one show. Mark is truly saving American dreams of legacy!!! Thank you and your team for sharing all that you know and do!
Thx Mark. You validated my activity of forming a TN LLC to hold ownership of my Nashville Duplex, which is owned by my Trust. What I am not clear on is if I should form a CA LLC to hold ownership of my CA rentals since I am carryovering rental losses. I am told I will lose those losses if I change ownership.
This podcast had so many nuggets. I had questions about the series LLC and the COP was extra! I stayed until the end and glad I did because my questions got answered
Another amazing video! I love all of your content, I’ve learned so much from you over the last few years that I’ve been following you. Thanks again, I called your office the other day to set up an appointment with you, they said you were not taking new clients! I was sad. LOL. Thanks again. Matt
I'm sorry! We are so crazy busy right now! All of our other attorneys are taking new clients and we do training meetings with them every week to ensure they know all of the strategies I teach on my TH-cam. If you really need a consult, I am sure they will be able to help you!
@@MarkJKohler How do we contact one of your Trained attorneys? Not just a referral... one that follows your process. Your Website does not provide contact Phone No. or emails. Thanks
Me toooo... 😩😉🤓 have you been able to find a firm that runs things similarly to MJK? Really needing to get our affairs in order and wanting to do it the right way!
I'm soooooo GLAD I found your channel!! 👏👏👏👏 I've owned my rental properties for many yrs and did not know any of this. My tax guy always told me it was passive incomes. Well it's the freaking hardest blood, sweat n tears past too many years of work I've ever put in ..Geeeze 🥵 Is there a website or a step by step guide I can go to to set this all up the way it needs to be?
We need a video on ECommerce stores. Specifically, being registered for sales and use tax in multiple states and the threshold when you file for each state. Dedicate a whole video to Ecommerce similar to this video. PLEASE!
Just finding this video now! Thank you!! Amazing, and I really appreciate you getting right in to it! Subscribed/liked/and I hit that bell. Looking forward to the reads!
Side note. If you are a “real estate professional” you have in the eyes of the IRS changed your passive income to active income. Which means yes you can use it to offset the wife active w2 taxes BUT your active income is subject to self employment taxes now. If you report a profit of course lol.
I would be a loss cuz I got to set up a office and everything I got to start from the beginning I have people renting in my house. I have alot of damaged
THE CRYPTO AND FOREST TRADE CURRENCY MARKET HAS BEEN GOOD NEWS LATELY, MANY PEOPLE IN IT ARE SEEKING A GREAT RETURN INVESTING TO SECURE MORE PROFIT AND ENSURE SUCCESS
Thx you, you filled in many holes. Question, my attorney placed my house in the trust but did not place the rentals in the trust. It was designed to flow there upon death/ incapacity. Would you recommend this?
Talking taxes usually isn’t real exciting. The exception is, when it applies to you and you can save/make thousands!! Funny how that works. Thank you for the video!
He said it was labeled an "improvement". I was wondering similar thing. I wanted to label it in supplies and materials but having second thoughts now! I'm going strictly on cash basis profit and loss.
Not a single property I own loses money because I bought them at low prices. I profit a ton on my real estate even after all of the deductions, depreciation, Interest to the bank, travel, gas, you name it if I can I deduct it yet I still make over $100K with 2 properties
How to have the rental asset LLC with 50% own by me put into my Trust account. should i put my 50% ownership of my asset LLC with my trust name as managing member in my assest LLC?
If I don’t have a W2 jobs, and I have a rental property that doesn’t have any mortgage anymore. Should I buy another rental and pay it off or should I take a mortgage on the new rental property? Thank you very much.
Hey Mark, when you talk about becoming a real estate professional as say my spouse... if we are already tracking our write offs in our bucket and my wife becomes a real estate professional after say our third property can we then take the losses bucket that year when she becomes a real estate professional from prior? Thanks!
I like to hook up with one of your people on tax planning and asset protection. Not sure who to talk to .. CPA or a tax lawyer? Or they're the same. Recommend someone in OC California.
when you have a Virtual Assistant that works in your business that is a resident overseas, what is the form they need to fill out that you hold on too? is it the W-9???
Hi I am starting to get obsessed with ur shows but have fear starting out on some of ur info. I am a massage therpist and gig worker with door dash and rideshare. My husband gets base pay and tips and he does occasional gig work with apps. I heard u say something about scorp, k1 and w2 in another show. We are near closing on new home and I work out of home. We own another home that my mom lives in and a 17 year old. Can u please do a show for people like me please and let me no when it hits utube.
So this really terrible company called specialized loan services LLC is taken care of my mortgage and they're taking the property taxes out and I don't want to pay property taxes and they never count depreciation but I haven't filed any taxes since 2008
I have a question that i look all over the internet and i cant find the answer. I hope some one here have the answer . The depreciation is calculated from the money ypu have left after expenses like mortgage and water bill . Example I charge rent 1k per month x 12 is 12,000 a year ypu use this amout or you use the amount left after expenses like i charge 1k per month but i pay 50 for water and 600 fpr mortgage i have left 350 per month x 12 is 4,200 per year. Which one you use yo calculate depreciation please some answer ???????
So after all expenses, you have 4200$ cash flow. Then you have depreciation for 27,5 years ( let say u bought your house 270k, so every year you can deduct 10k of depreciation ) So 4200 - 10k = - 5800k So you are loss -5800$ even in real life you have 4200 cash flow
If I'm an investor in real estate and I make taxable passive income I don't have to pay social security taxes on the income. But if I'm the same situation I become a real estate professional won't I have to start paying social security tax etc.
What if I own rental properties as an individual and my husband is a realtor but does not have any ownership of my rentals. If we file as married jointly, can we deduct the depreciation from the rentals from my business income?
If I have a primary residence that I have lived in as primary for 2 out of last 5 years but for the last two years has been a rental, can I claim the 500k of capitol gains deduction and take appreciation above 500k and do 1031 exchange?
That's correct, every year you will have to pay $800 in annual fees. Here is a link to more information: www.ftb.ca.gov/file/business/types/limited-liability-company/index.html#:~:text=Every%20LLC%20that%20is%20doing,until%20you%20cancel%20your%20LLC.
I’m a CPA with a masters in taxation and will say they don’t teach you this in school. This is all news to me 🤣. Way to go Mark!
That’s crazy we learn this as basic as an Enrolled Agent
ya we been lied to we are the creditors
Is what Mark is saying true?
You have no idea how incredible it is that you offer this information. The in depth research and knowledge you have brought to the table in an hour is by far the best education I have received!!
I look forward to your conference.
Thank you sooooo much for putting this out here. Blessings to you for your fun, candid approach. And willingness to share. ❤
Was dead asleep...heard this man voice and thought I'll just turn the TH-cam TV off. Nope my ears were trapped. The wealth of information/education Mark shouted was more than I learned in all my years in business school. I watched an just fell in love with his magic. Amazing job, I absolutely love this Show!!! I'm hooked.
This is the best shit on TH-cam! I have all the books on audible! I watch everyone of your video at least 3 times. Love Matt also, y'all have helped me so much! Thank you
Powerful stuff! CRITICAL INFORMATION to understand about ASSET PROTECTION! Watch this all the way through. Mark is a God Send. Thank you so much brother. I truly appreciate that you shared this knowledge. Just purchased this book👍🏼
I’m a real estate broker and will say you are spot on!!! I have so many investors that I can share this with!! Thanks so much. I subscribed and thumbs up....
Super hero for the ages! Answered so many of my current and future questions within this one show. Mark is truly saving American dreams of legacy!!! Thank you and your team for sharing all that you know and do!
Mark your last example was amazing. I am brand new to your content, this vid has me hooked. Thank you for sharing your knowledge with the masses.
Thx Mark. You validated my activity of forming a TN LLC to hold ownership of my Nashville Duplex, which is owned by my Trust. What I am not clear on is if I should form a CA LLC to hold ownership of my CA rentals since I am carryovering rental losses. I am told I will lose those losses if I change ownership.
This podcast had so many nuggets. I had questions about the series LLC and the COP was extra! I stayed until the end and glad I did because my questions got answered
Loved the option #4 Grand Finale!!! Awesome asset protection structure!
Thank you guys so much for pushing out this education!!! It is helping my family keep our deck of cards in order!!!
Lately, I've been watching you. I'm learning so much. When it's my time to become a S-corp, I'm coming to you.
Danke fürs Zuschauen...
To shrink tax payments over the long run
Another amazing video! I love all of your content, I’ve learned so much from you over the last few years that I’ve been following you. Thanks again, I called your office the other day to set up an appointment with you, they said you were not taking new clients! I was sad. LOL. Thanks again. Matt
I'm sorry! We are so crazy busy right now! All of our other attorneys are taking new clients and we do training meetings with them every week to ensure they know all of the strategies I teach on my TH-cam. If you really need a consult, I am sure they will be able to help you!
@@MarkJKohler How do we contact one of your Trained attorneys? Not just a referral... one that follows your process. Your Website does not provide contact Phone No. or emails. Thanks
@Coleman T here is the number for my firm: 888-801-0010
@@colemant6845 yum I do uhhh IV bfEdiuuuuiiiu ant you to u you get ok k HGCuverw heuuu Ref GF TTS ygyy vGF C
Me toooo... 😩😉🤓 have you been able to find a firm that runs things similarly to MJK? Really needing to get our affairs in order and wanting to do it the right way!
Mark! You are amazing🙏 Thx for all the impactful teachings🙏
I'm soooooo GLAD I found your channel!!
👏👏👏👏
I've owned my rental properties for many yrs and did not know any of this. My tax guy always told me it was passive incomes. Well it's the freaking hardest blood, sweat n tears past too many years of work I've ever put in ..Geeeze 🥵
Is there a website or a step by step guide I can go to to set this all up the way it needs to be?
THIS IS PURE GOLD!!!
We need a video on ECommerce stores. Specifically, being registered for sales and use tax in multiple states and the threshold when you file for each state. Dedicate a whole video to Ecommerce similar to this video. PLEASE!
Thank you so much for putting this information out it was very helpful!
I love his enthusiasm and his great advice
Just finding this video now! Thank you!! Amazing, and I really appreciate you getting right in to it! Subscribed/liked/and I hit that bell. Looking forward to the reads!
This was great and applied directly to me. Kristy on your team has been great for me.
Mark - you are our national treasure!
I don't usually comment on videos but I couldn't stop myself from doing so here. Awesome content and an impressive one. Thank you so much.
Side note. If you are a “real estate professional” you have in the eyes of the IRS changed your passive income to active income. Which means yes you can use it to offset the wife active w2 taxes BUT your active income is subject to self employment taxes now. If you report a profit of course lol.
Triple Trifecta got action...! You are the man with the plan!🏄♂️
Wow very impressive, and surprisingly for what would be a normally dry topic, very entertaining. Great job!
Just came across this and totally blew my mind!!
Economic Opportunity Zone is the best advantage...stay put for 10 years and when you sell you keep ALL proceeds
From now on ima call you the "Rental God"🙌💪
I would be a loss cuz I got to set up a office and everything I got to start from the beginning I have people renting in my house.
I have alot of damaged
Great topic . Thanks alot Mark
We own 6 homes 4 being rental properties 3 overseas and 3 in the US how do we set up a living trust ?
THE CRYPTO AND FOREST TRADE CURRENCY MARKET HAS BEEN GOOD NEWS LATELY, MANY PEOPLE IN IT ARE SEEKING A GREAT RETURN INVESTING TO SECURE MORE PROFIT AND ENSURE SUCCESS
I STARTED A MONTH AGO WITH THE HELP OF RAUL, JUST GOT MY 50K PROFIT
TO REACH RAUL
V!S!T HACKBYWORLD⓪COM
ORTXT+1
662
First time on your TH-cam and this is the best clip for real estate investor. Thank you!
Thx you, you filled in many holes. Question, my attorney placed my house in the trust but did not place the rentals in the trust. It was designed to flow there upon death/ incapacity. Would you recommend this?
I am want a book.
Talking taxes usually isn’t real exciting. The exception is, when it applies to you and you can save/make thousands!! Funny how that works. Thank you for the video!
Why can't you write off a water heater using the less than $2500 rule. IRS De Minimis Rule.
He said it was labeled an "improvement". I was wondering similar thing. I wanted to label it in supplies and materials but having second thoughts now! I'm going strictly on cash basis profit and loss.
@@youmayberight2434 we write it off 100% the year we buy it using the $2500 rule.
This is only getting better for me
Wish I found your channel earlier. Learned a lot and thank you! We have a house. Can I start a LLC, and then rent from myself? Married an engineer 😁
I love this guy!
My heart dropped when he said Illinois LLC doesn’t protect you in case you get sued… thank god in learning from my man mark.
I see the good reasons WHY to have a Revokable Trust. But the HOW has never been explained to me.
Not a single property I own loses money because I bought them at low prices. I profit a ton on my real estate even after all of the deductions, depreciation, Interest to the bank, travel, gas, you name it if I can I deduct it yet I still make over $100K with 2 properties
How to have the rental asset LLC with 50% own by me put into my Trust account. should i put my 50% ownership of my asset LLC with my trust name as managing member in my assest LLC?
great video! thank you so much for doing this! It helps enormously!
Danke fürs Zuschauen..
Glad I found your channel. Thanks for helping.
If I don’t have a W2 jobs, and I have a rental property that doesn’t have any mortgage anymore. Should I buy another rental and pay it off or should I take a mortgage on the new rental property? Thank you very much.
Hey Mark, when you talk about becoming a real estate professional as say my spouse... if we are already tracking our write offs in our bucket and my wife becomes a real estate professional after say our third property can we then take the losses bucket that year when she becomes a real estate professional from prior? Thanks!
I want 20 of your books!!!💯
Love your energy mark
Thank you. This was very informative and easy to understand.
Thank You! Good stuff.
I have a lot of watching to do. Thank you so much for your time. For people like me.
Sure
You're awesome man. This was a great video. Learned a lot. Thanks for making it.
I like to hook up with one of your people on tax planning and asset protection. Not sure who to talk to .. CPA or a tax lawyer? Or they're the same. Recommend someone in OC California.
So informative, not boring at all even the video is long. I want you to set me up.
Thanks for your feedback,for more guidance and investments........
What- s - app
>+ 1 = 8 = 6 = 4 = 4 = 9 = 9 =3 = 8 = 6 = 5
where do the following go on either the Asset or operstiond didr?
HSA,s 529bs, (stocks) brokerage accounts; all in assets of the tridecta?
Loved this video. Thank you for sharing all your wisdom, advice and strategies!!
new on your channel for the last few days love your site
when you have a Virtual Assistant that works in your business that is a resident overseas, what is the form they need to fill out that you hold on too? is it the W-9???
Hi I am starting to get obsessed with ur shows but have fear starting out on some of ur info. I am a massage therpist and gig worker with door dash and rideshare. My husband gets base pay and tips and he does occasional gig work with apps. I heard u say something about scorp, k1 and w2 in another show.
We are near closing on new home and I work out of home. We own another home that my mom lives in and a 17 year old.
Can u please do a show for people like me please and let me no when it hits utube.
Omg I love this Channel I want to say to all the folks here even if you were pay to get this information you can buy this information almost no one
Thank you for sharing
Thanks for watching!
Mark you are my HERO
First time owner of rental property. What are the rite off for condo rental? I have W2, etc. Is it really a wise investment?
All 4 scenarios plus the bonus were excellent!! Has COP changed for Texas?
How do you feel about using cost segregation for rehabbing property and spreading up deductions? What is better strategy?
So this really terrible company called specialized loan services LLC is taken care of my mortgage and they're taking the property taxes out and I don't want to pay property taxes and they never count depreciation but I haven't filed any taxes since 2008
Hi Mark, can you please do a video/webinar on ROBS (roll over as business start ups)?
Where & how would I set up a revocable trust.
I have a question that i look all over the internet and i cant find the answer. I hope some one here have the answer .
The depreciation is calculated from the money ypu have left after expenses like mortgage and water bill . Example
I charge rent 1k per month x 12 is 12,000 a year ypu use this amout or you use the amount left after expenses like i charge 1k per month but i pay 50 for water and 600 fpr mortgage i have left 350 per month x 12 is 4,200 per year. Which one you use yo calculate depreciation please some answer ???????
So after all expenses, you have 4200$ cash flow.
Then you have depreciation for 27,5 years ( let say u bought your house 270k, so every year you can deduct 10k of depreciation )
So 4200 - 10k = - 5800k
So you are loss -5800$ even in real life you have 4200 cash flow
@@LyNguyen-iz1eq thanks for answering
What about Florida and Ct no give you protection?? Having LLC
Thank you!
A great video loaded with key real estate tax and asset protection strategies!
100 write off to the estate,
Thanks for the informative presentation.
How can I rental my portion of the house for rental property and get tax deduction? Does it consider as passive income?
Love all the info!!
Love everything you're saying
Incredible, wish I found you a couple years ago!
Hi Mark, does the list of benefits for owning rentals apply to rental properties overseas as well?
I'm new to all this but I love it.
Awesome and Awesome Plus!!!
Mark, you rock man!!!!
If I put my rental under an LLC, can the mortgage company call the loan due?
Thank you thank you
If I'm an investor in real estate and I make taxable passive income I don't have to pay social security taxes on the income. But if I'm the same situation I become a real estate professional won't I have to start paying social security tax etc.
Great information
@Mark J Kohler The ultimate strategy that you are missing out on is taking advantage of detaching your microphone from your desk.
If Bitcoin is considered property, can't it also be leveraged as a collateral stake for 10% minimum ownership in real estate for those tax purposes?
To the bucket it goes
Do you refer or suggest to invest money with other group? I don’t have enough money to buy any real state by my own! Thank you for respond 🙏🏼
What is this Section 408 (M)(3) loophole? I keep getting ads on your videos about it, can you do a video on it?
Wish I had guidance from you years ago
This was amazing
So, if your primary occupation is not real-estate, then what?
What if I own rental properties as an individual and my husband is a realtor but does not have any ownership of my rentals. If we file as married jointly, can we deduct the depreciation from the rentals from my business income?
If I have a primary residence that I have lived in as primary for 2 out of last 5 years but for the last two years has been a rental, can I claim the 500k of capitol gains deduction and take appreciation above 500k and do 1031 exchange?
Yes. I did the same ( rented for 2 years prior to sale) received all the proceeds (minus closing costs).
@Mark J Kohler we have no interest in crypto
Mark, I heard if you have an LLC in Cali it's 800.00 to keep it activated?
That's correct, every year you will have to pay $800 in annual fees. Here is a link to more information:
www.ftb.ca.gov/file/business/types/limited-liability-company/index.html#:~:text=Every%20LLC%20that%20is%20doing,until%20you%20cancel%20your%20LLC.