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Το περιεχόμενο παρέχεται από το Taylor The Investor. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Taylor The Investor ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
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How on Saving Property Tax Preserves Cashflow and More with Rahul Patel

34:09
 
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Αρχειοθετημένη σειρά ("Ανενεργό feed" status)

When? This feed was archived on June 02, 2024 11:05 (23d ago). Last successful fetch was on May 02, 2024 00:44 (2M ago)

Why? Ανενεργό feed status. Οι διακομιστές μας δεν ήταν σε θέση να ανακτήσουν ένα έγκυρο podcast feed για μια παρατεταμένη περίοδο.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 379249133 series 2857622
Το περιεχόμενο παρέχεται από το Taylor The Investor. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Taylor The Investor ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

In this episode, host Taylor Loht interviews Rahul Patel, a commercial real estate attorney, investor, and entrepreneur. They discuss common mistakes new real estate investors make, how to structure LOIs and contingencies, fighting property tax increases, Rahul's background, and more. Rahul shares wisdom and advice from his extensive experience in law, business, real estate, and angel investing.

Chapters & Key Takeaways:

[00:02] Opening Segment

  • Mitigating risk in offers: Engage experts you want to work with before making offers. Structure offers with ample due diligence periods. Don't take on excessive deposits/earnest money you can't afford to lose.

[00:11] Avoiding Rookie Real Estate Mistakes with Attorney & Investor Rahul Patel

  • Structuring LOIs: Be transparent about needing extensions upfront rather than trying to negotiate later from a weaker position. Offer to pay fees for extensions. This builds a reputation with reputable sellers.
  • Property tax disputes: File lawsuits to dispute unrealistic increased assessments. Reducing assessed value leads to exponential tax savings over time.
  • Common assessment errors: Assessors use mass appraisal processes with limited time and resources. Owners know details assessors miss that justify lower valuations.

[00:26] Closing Segment

  • Best investment: Invest in people and teams rather than trying to do everything solo. Creates accountability, new perspectives and is more rewarding.
  • Worst investment: Investing time and energy into businesses relying on other individuals' success rather than your own direct control.
  • Important lesson: Have a short memory of losses and don't dwell on past decisions - focus on the next win. Quitting can be winning if you learn lessons about why something didn't work out.

Connect with Rahul:

Website: https://www.patelgaines.com/

Key Quotes:

"I think the biggest mistake that I see people really doing is, is trying to figure out how to make maximum money on every deal, especially in the early onset." Rahul Patel

"If you have not gained an expertise in something, then you need to really obtain the services of an expert." Rahul Patel

"Investing in people around you that fit your culture, that's a great investment because I think it just, it pays dividends to what you're trying to do." Rahul Patel

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

  continue reading

628 επεισόδια

Artwork
iconΜοίρασέ το
 

Αρχειοθετημένη σειρά ("Ανενεργό feed" status)

When? This feed was archived on June 02, 2024 11:05 (23d ago). Last successful fetch was on May 02, 2024 00:44 (2M ago)

Why? Ανενεργό feed status. Οι διακομιστές μας δεν ήταν σε θέση να ανακτήσουν ένα έγκυρο podcast feed για μια παρατεταμένη περίοδο.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 379249133 series 2857622
Το περιεχόμενο παρέχεται από το Taylor The Investor. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Taylor The Investor ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

In this episode, host Taylor Loht interviews Rahul Patel, a commercial real estate attorney, investor, and entrepreneur. They discuss common mistakes new real estate investors make, how to structure LOIs and contingencies, fighting property tax increases, Rahul's background, and more. Rahul shares wisdom and advice from his extensive experience in law, business, real estate, and angel investing.

Chapters & Key Takeaways:

[00:02] Opening Segment

  • Mitigating risk in offers: Engage experts you want to work with before making offers. Structure offers with ample due diligence periods. Don't take on excessive deposits/earnest money you can't afford to lose.

[00:11] Avoiding Rookie Real Estate Mistakes with Attorney & Investor Rahul Patel

  • Structuring LOIs: Be transparent about needing extensions upfront rather than trying to negotiate later from a weaker position. Offer to pay fees for extensions. This builds a reputation with reputable sellers.
  • Property tax disputes: File lawsuits to dispute unrealistic increased assessments. Reducing assessed value leads to exponential tax savings over time.
  • Common assessment errors: Assessors use mass appraisal processes with limited time and resources. Owners know details assessors miss that justify lower valuations.

[00:26] Closing Segment

  • Best investment: Invest in people and teams rather than trying to do everything solo. Creates accountability, new perspectives and is more rewarding.
  • Worst investment: Investing time and energy into businesses relying on other individuals' success rather than your own direct control.
  • Important lesson: Have a short memory of losses and don't dwell on past decisions - focus on the next win. Quitting can be winning if you learn lessons about why something didn't work out.

Connect with Rahul:

Website: https://www.patelgaines.com/

Key Quotes:

"I think the biggest mistake that I see people really doing is, is trying to figure out how to make maximum money on every deal, especially in the early onset." Rahul Patel

"If you have not gained an expertise in something, then you need to really obtain the services of an expert." Rahul Patel

"Investing in people around you that fit your culture, that's a great investment because I think it just, it pays dividends to what you're trying to do." Rahul Patel

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

  continue reading

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