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14
Feb, 2025

Millionaire Tax Strategy: Why The Wealthy AVOID H&R Block!

Real Estate moguls Rob Rowsell and Jake Garcia explain a key millionaire tax strategy. Learn why that you should NEVER use cheap tax planning services like TurboTax or H&R Block if you want to grow your wealth.

Millionaire tax strategy: Hiring the right tax strategist CPA to reduce taxes makes a huge difference in wealth planning.Millionaire Tax Strategy: What Should You Look For In A Tax Strategist?

Rob continues Jake’s point that the wealthy need more advanced tax preparation than those with average incomes. Remember, the more complex your business situation is, the more complex your tax strategies need to be. Therefore, you want to employ a CPA who can act as your personal tax strategist and financial planner.

One key millionaire tax strategy is finding legal ways to reduce taxes. As Rob has said many times, money saved on taxes is an additional income stream. When searching for a new CPA, you want to look for one who understands this concept. They should also provide good advice on how you should invest those funds so they will return passive income to you going forward.

Remember, smart business owners always surround themselves with advisors who have more knowledge than they do. This is especially true with regards to their accountants and financial planners. Hire the right tax strategist, take their advice, and then watch your wealth compound!

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community!

Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

7
Feb, 2025

Fire Your CPA! Steps To Take When Hiring A New Accountant

Your current accountant is not helping you grow your wealth. Let’s face it: you need to fire your CPA! This will no doubt be scary and uncomfortable. Luckily, successful multifamily real estate investor Rob Rowsell has been down that path before.

Hiring a new accountant - financial planning and tax strategyHiring A New Accountant Can Be Daunting – But Necessary!

One of Rob’s callers reveals to the group that he is currently in Act 2 of the Money Game. That means that he is past the point of relying solely on his W2 income and is starting to amass passive income from his investments. However, he believes the knowledge he has gained about investing may be more advanced than his current CPA.

Hiring a new accountant may be crucial. However, he has worked with this financial advisor for a long time. Making the jump is an intimidating prospect. He is concerned about the additional costs, as well as the trust factor.

Rob acknowledges that it can be painful and uncomfortable breaking away from a longtime business partner such as your CPA. Make sure you seek out referrals from others in your industry. Rob often provides referrals to others who are hiring a new accountant. However, they may not be the best fit, depending on how big or complicated the account is. Keep in mind that you will need to provide some information of what stage or season your business is in.

Hiring the right CPA for your current stage is crucial for financial planning. Overcome your fears, and make one of the most important choices in growing your wealth today!

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community!

Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up for a free call today!

31
Jan, 2025

Have You Outgrown Your Accountant? Here’s How To Replace Your CPA!

Multifamily Real Estate magnate Rob Rowsell fielded questions on a recent ATL Inner Circle community call. One caller thought they may have outgrown their accountant. As their wealth grew, their business needs also became more complex. Their existing financial planner seemed ill equipped to navigate the new challenges oncoming. Like them, you may need to replace your CPA. Listen to what Rob has learned from his experience, and put this advice into practice!

Replace your CPA if they look like this when trying to help with your taxes and financial planning.How Do You Know You Need To Replace Your CPA?

Changing your CPA, accountant, or financial advisor can be a painful process. In some cases, you may have worked with them for years, or even decades. However, it may be necessary if your wealth is growing, and they are not growing with it.

Rob tells a story about when he had to hire a new accountant. After a seminar he attended, he noticed that they were adopting the ideas that he had learned. When you start seeing that they are learning more from you about business than you are from them, it might just be time to replace your CPA! Your financial planner should know more about taxes and accounting than you do. Otherwise, why would you need them?

Then, Rob made the great point that, even though changing accountants will be a hassle, your old CPA will want to make it a friendly breakup. Leaving them will not break their bank. Besides that, they want to keep a good reputation in their industry. They are professionally obligated to get you all of the documents and records you need to effectively hire a new CPA. So, roll up your sleeves, but don’t worry about the transition!

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business.

It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

 

5
Dec, 2024

Reducing Tax Drag: Structure Over Deduction

 

Successful Multifamily Real Estate Investor Rob Rowsell outlines his Tax Reduction Strategy. The tax reduction program consists of four strategies business investors like you use to reduce their tax expenses. Remember, reducing your taxes IS a source of additional earned income!

Tax Reduction StrategyTax Reduction Strategy For Successful Investors Outlined

Rob has spoken previously on how much of a wealth drain that tax drag can be. Some listeners request that he expand on his tax reduction strategy. It boils down to four principles:

  1. Structure Over Deduction: Finding tax deductions in your records is important. However, making sure your business is properly structured is more so. Setting up your business as an LLC ensures not just legal protections. It also sets up the advantage of tax treatment. Make sure you hire a CPA and business consultant to help you properly structure your business.
    1. Pay yourself tax efficiently. A good accountant will advise you to pay yourself a conservative salary as a safe harbor against audits.
    2. Plan your exit before entering into any project. Knowing the end game before you structure your business will save you time and money in the long run. Restructuring can be a real hassle.
  2. Invest Your Money Tax Efficiently.
    1. Savvy tax planning is the absolute lowest risk way to quickly boost your investment returns.
    2. Invest your money in the right places. Generally, long term capital growth investments go into taxable accounts. “Ordinary income” cash flow investments should be deposited into tax advantaged accounts. These accounts may include retirement accounts such as Roth IRAs.
    3. Leverage unrealized gains to compound tax free. This means using equity in your business to acquire needed tools and even add a second location.
  3. Pay with PRE-Tax Dollars.
    1. Push every legitimate business expense to your business. This way, you will get an automatic discount every time!
  4. Plan BEFORE You Play.
    1. Plan the tax impact before you make any big business decision.
    2. Meet regularly with your CPA. Keep them in the loop on your plans as soon as you possibly can.

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

 

28
Nov, 2024

Security Bucket As Liquid Funds: Borrow From Emergency Fund?

 

When is it okay for you to borrow from emergency fund savings? In short, Rob’s security bucket is in a high interest liquid account, which does not penalize him for making withdrawals. Sometimes, he will borrow small amounts from the fund for short term, small return investments. Of course, his wife Claudia approves each investment opportunity. She usually knows the other principals involved.

Short Term Financial Investments - Borrow From Emergency FundBorrow From Emergency Fund For Short Term Investments

During our Inner Circle Community Q&A Time, Joe asked Rob to clarify a facet of his security bucket strategy. Does he invest in a traditional bank for the advantage of liquid cash that is easy to withdraw?

Rob’s answer is yes. He likes the advantage of being able to borrow from emergency fund if needed. Rob invests in high interest accounts, eschewing low return options like CDs that also penalize withdrawals.

Occasionally, Rob will withdraw a small amount for short term financial investments. He only will do this if it is a safe investment with a high return. His wife Claudia also has a say in these money plays. Usually, she has met the folks involved in the investment and can vouch for their character. Soon enough, the cash will return to the emergency fund, with a little interest!

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

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