How to Make KILLER Returns on Passive Investments and Save BOATLOADS of Money on Taxes! - With Justin and Derrick Williams (MU Classic)

#308 In this episode, Justin Williams and Derrick Williams explore strategies for getting the most out of passive investments and maximizing tax savings on investment and income returns. They also share personal experiences and lessons learned from various investment opportunities, particularly in real estate. They delve into the importance of due diligence in investing, utilizing tax benefits, depreciation, syndications, and 1031 exchanges. Throughout the discussion, caution is emphasized on the high levels of risk associated with investments, and the need for individual research and decision-making. Approaches to future tax planning and tax-related implications of investments are also discussed extensively. Disclaimer: The following is for informational/educational purposes only. We do not claim to be tax or legal professionals and the information should not be taken as such advice into what you should do in your personal situation. Always consult your personal CPA or Attorney. All investments have risk. Past performance does not indicate future results. Never invest what you can't afford to lose. Some of the things talked about in this episode are things we're just looking into and still learning on our own. Nothing should be taken as factual without doing your own due diligence. Links shared here are only for convenience purposes but please do your own due diligence before considering working with anyone. (Original Air Date - 11/23/23) What Justin and Derrick discuss on today's episode: + Introduction and Disclaimer + Welcome to the Millionaire University Podcast + The Importance of Investing and Growing Your Business + Sharing Investment Experiences and Opportunities + Invitation to Derrick for Sharing His Investment Strategies + Derrick's Investment Journey and Strategies + Exploring Different Investment Opportunities + Understanding the Concept of 1031 Exchange + Investing in Open Door Capital + Understanding the Concept of Syndications + Strategies to Save on Taxes + Investing in Banks for Better Returns + Bill Allen's Influence on Derrick's Investment Strategies + Considering Real Estate Investments + Understanding Tax Benefits of Real Estate + Strategies for Tax Savings + Exploring Section 179 Deduction + The Role of a CPA in Tax Savings + Investment Opportunities and Accredited Investors + Tax Benefits of Living in Puerto Rico + The Impact of Real Estate Investors on Communities + The Role of Entrepreneurs in the Economy + Investing in Startups + Appreciating Collaborations and Networking Links and resources from this episode: https://www.7figuremultifamily.com/ https://zonacapitalgroup.com/ https://odcfund.com/ For more information go to MillionaireUniversity.com To get access to our FREE Business Training course go to MillionaireUniversity.com/training. And follow us on: Instagram Facebook Tik Tok Youtube Twitter To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Want to hear from more incredible entrepreneurs? Check out all of our interviews here! Learn more about your ad choices. Visit megaphone.fm/adchoices