WIP 1691: How to Reduce Your Taxes Ethically and Legally While Running Your Wholesaling Business

Taxes can take a big bite out of your wholesaling profits—but with the right strategies, you can keep more of what you earn. In this episode, Todd Toback shares ethical and legal ways to reduce your tax burden while growing your business.

If you’re wholesaling real estate, these tax-saving tips can help you keep more money in your pocket. Don’t leave money on the table — tune in now!

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Show notes:

• (0:48) Beginning of today’s episode
• (1:17) Reduce your taxes ethically and legally
• (2:20) Hold on 2-3 properties a year
• (3:56) What is a 10-31 exchange?
• (5:07) Depreciation
• (6:16) The master’s rule 
• (8:12) Schedule meetings when you’re on vacation 
• (9:04) Watch your expenses
• (9:30) Increase your deal size

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Resources:

• To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe

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