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Retiring Early Through Real Estate: Strategies from a Seasoned Investor with Real Estate Investor Steve Werner
Manage episode 433995960 series 2504329
Today, we're thrilled to welcome Steve Wemer, a seasoned real estate investor and educator, to The Real Estate Law Podcast. Steve comes to us from Lake Tahoe and Austin, Texas, and he's here to share his insights on how you can retire early, legally, through the power of real estate investing.
Steve delves into powerful strategies for retiring early through real estate, including leveraging cost segregation studies and bonus depreciation to cut tax burdens by up to 50%. He discusses the evolution of his investment methods from traditional tools to modern platforms like Facebook Marketplace, Zillow, and Airbnb for finding off-market deals. Steve also offers insights into the short-term rental market, targeted advertising, and arbitrage strategies, while emphasizing the importance of working with state-specific legal counsel to navigate landlord-tenant laws.
His personal story of determination, starting from mowing lawns to save for a pair of Michael Jordan shoes, underscores his approach to real estate investing. Tune in to gain valuable tips on passive investing, syndications, self-directed IRAs, and the benefits of investing in landlord-friendly markets outside high-cost areas. We're excited to dive into Steve's unconventional journey and learn from his wealth of experience in the real estate industry.
Things we discussed in this episode:
- Using cost segregation studies and bonus depreciation to legally reduce tax burdens by up to 50% and fast-track retirement.
- Steve Warner's personal journey from an art school background to amassing a portfolio of 30 properties in his first year.
- The evolution of investment strategies, from using newspapers and a "shotglass" to map out a local market radius to leveraging modern tools like Facebook Marketplace, Zillow, and Airbnb.
- Challenges and opportunities in the short-term rental market, including targeted advertising and arbitrage strategies.
- The importance of working with state-specific legal counsel to navigate landlord-tenant laws and avoid costly mistakes.
- Steve's personal anecdote about his determination to buy a pair of Michael Jordan shoes as a child, and how that mindset shaped his approach to real estate investing.
- The value of taking action and learning from mistakes, rather than getting stuck in "paralysis by analysis".
- Strategies for passive investing through syndications and self-directed IRAs.
- The benefits of investing in landlord-friendly markets outside of high-cost areas like California.
- Information on how listeners can connect with Steve and learn more about his work in real estate investing and financial literacy education.
Get in touch with Steve:
Facebook - https://www.facebook.com/steve.werner.5667
Instagram - https://www.instagram.com/stevenphillipwerner/
Email - stevenpwerner@gmail.com
#realestatepodcast #realestate #realestateinvestor #realestatelaw #realestateagent #RealEstateInvesting #EarlyRetirement #TaxOptimization #CostSegregation #ShortTermRentals #PassiveInvesting #SelfDirectedIRA #LandlordFriendlyMarkets #Entrepreneurship #FinancialLiteracy
Follow Us!
Join Jason Muth of Prideaway Stays and Straightforward Short-Term Rentals and Real Estate Attorney / Broker Rory Gill for another episode of The Real Estate Law Podcast!
Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide.
The Real Estate Law Podcast Website and on Instagram and YouTube
Prideaway Stays Website and on Facebook and LinkedIn
Straightforward Short-Term Rentals Website and on Instagram
Attorney Rory Gill on LinkedIn
Jason Muth on LinkedIn
This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.
208 つのエピソード
Manage episode 433995960 series 2504329
Today, we're thrilled to welcome Steve Wemer, a seasoned real estate investor and educator, to The Real Estate Law Podcast. Steve comes to us from Lake Tahoe and Austin, Texas, and he's here to share his insights on how you can retire early, legally, through the power of real estate investing.
Steve delves into powerful strategies for retiring early through real estate, including leveraging cost segregation studies and bonus depreciation to cut tax burdens by up to 50%. He discusses the evolution of his investment methods from traditional tools to modern platforms like Facebook Marketplace, Zillow, and Airbnb for finding off-market deals. Steve also offers insights into the short-term rental market, targeted advertising, and arbitrage strategies, while emphasizing the importance of working with state-specific legal counsel to navigate landlord-tenant laws.
His personal story of determination, starting from mowing lawns to save for a pair of Michael Jordan shoes, underscores his approach to real estate investing. Tune in to gain valuable tips on passive investing, syndications, self-directed IRAs, and the benefits of investing in landlord-friendly markets outside high-cost areas. We're excited to dive into Steve's unconventional journey and learn from his wealth of experience in the real estate industry.
Things we discussed in this episode:
- Using cost segregation studies and bonus depreciation to legally reduce tax burdens by up to 50% and fast-track retirement.
- Steve Warner's personal journey from an art school background to amassing a portfolio of 30 properties in his first year.
- The evolution of investment strategies, from using newspapers and a "shotglass" to map out a local market radius to leveraging modern tools like Facebook Marketplace, Zillow, and Airbnb.
- Challenges and opportunities in the short-term rental market, including targeted advertising and arbitrage strategies.
- The importance of working with state-specific legal counsel to navigate landlord-tenant laws and avoid costly mistakes.
- Steve's personal anecdote about his determination to buy a pair of Michael Jordan shoes as a child, and how that mindset shaped his approach to real estate investing.
- The value of taking action and learning from mistakes, rather than getting stuck in "paralysis by analysis".
- Strategies for passive investing through syndications and self-directed IRAs.
- The benefits of investing in landlord-friendly markets outside of high-cost areas like California.
- Information on how listeners can connect with Steve and learn more about his work in real estate investing and financial literacy education.
Get in touch with Steve:
Facebook - https://www.facebook.com/steve.werner.5667
Instagram - https://www.instagram.com/stevenphillipwerner/
Email - stevenpwerner@gmail.com
#realestatepodcast #realestate #realestateinvestor #realestatelaw #realestateagent #RealEstateInvesting #EarlyRetirement #TaxOptimization #CostSegregation #ShortTermRentals #PassiveInvesting #SelfDirectedIRA #LandlordFriendlyMarkets #Entrepreneurship #FinancialLiteracy
Follow Us!
Join Jason Muth of Prideaway Stays and Straightforward Short-Term Rentals and Real Estate Attorney / Broker Rory Gill for another episode of The Real Estate Law Podcast!
Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide.
The Real Estate Law Podcast Website and on Instagram and YouTube
Prideaway Stays Website and on Facebook and LinkedIn
Straightforward Short-Term Rentals Website and on Instagram
Attorney Rory Gill on LinkedIn
Jason Muth on LinkedIn
This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.
208 つのエピソード
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