Chris Sonino and Mark Woodring cover strategies to build a real estate portfolio: tax advantages and write-offs, diversifying property types, hiring property management to make it passive, and the patience required to scale across multiple properties.
Everybody, welcome to video log 53 at the Freedom Real Estate Group family of companies. I'm Chris Sonino. If you guys don't know me, this is Mark Woodring and today we're talking about maximizing your portfolio.
Yeah, absolutely. So just talking real quick, I guess about some of the things that you want to consider when you're, when you're looking at where to park your money.
Right.
You know, of course there's different kinds of investments that you can choose. Of course, here at Freedom Real Estate, we're going to try to talk to you about putting your money in real estate and having your real estate work for you. So whether it's just some mile high tax advantages for you, some of the things that you can write off versus other investments, some other, some other strategies. Obviously when you're, when you're looking at maximizing your portfolio.
Yeah, a couple of topics will include, you said, tax advantages, tax strategies, diversification, hiring good property management just to make it a little bit more passive for you. And as you said, you know, diversifying. Right. You don't, you don't buy all the same stock. Right. You want to buy different types of real estate, different types of returns and exactly varying limits of liability and all those things.
Right, right. And as we get into the podcast, we'll get in a little bit deeper dive as to, you know, looking at different kinds of classes of properties. Of course it takes time, you know, nobody can walk in and just have a huge maximized, you know, multiple property. So, you know, working on patience, you know, maybe some strategies. I mean, I know that you're an investor, so maybe some best practices, some stuff like that. We'll definitely touch on all that as well.
Absolutely. It's definitely going to be an interesting podcast and we're going to go into little nitty gritty details, some of this stuff. So stick around, look for that here and well, shortly. Yeah, we always just end the vlog with a little invest smart and live happy.
Thanks so much.
Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions and information on this show are not guaranteed. All investment strategies have the potential for profit or loss.
Physicians and High Earners — What Real Estate Can and Can't Do for Your Taxes
