investing

How does a successful real estate investor calculate their blended tax rate? Let Addicted to Life’s Rob Rowsell teach you the secret formula so you won’t pay more taxes than you have to!

Blended Tax Rate for Real Estate InvestorsRob Explains Blended Tax Rate For Real Estate Investors

Let’s do the math! Rob lays out a theoretical income amount for the group to consider. On a sample effective annual gross income of $400,000, Rob calculates a blended tax rate of 2%. That may sound small, but it in fact adds up to $8,000.

Jake Garcia asks our host for a clarification. Rob shows his work with a very simple equation. You start with your annual total gross income. Then divided it by all the taxes you paid at the end of the year. When you solve this equation, you will end up with your blended tax rate.

Finally, Rob makes sure to clarify that he does not hate paying taxes to his state and federal governments! Taxes are necessary for the United States to build roads, employ police officers, and provide equipment for the armed forces to defend our freedom.

As any business owner with many investments to look after would tell you, he just does not want to pay more than he actually owes by mistake. That means more cash on hand to invest in his family, his staff, and his eventual retirement goals.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL ALL-In Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not 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!

Most of us resist setbacks and struggles, but both are crucial to our growth. In fact, the most successful investors respond to failure with resilience. These investors pick themselves up, dust themselves off, and then take the next step of uncomfortable action toward their dreams of financial freedom.

Rob Rowsell embodies that kind of human will. In 1999, he was a homeless crack addict living on the streets. Then, he stumbled into a rehab center, and through sheer grit, Rob turned his life around. Today, he is a real estate investor, motivational speaker, multiple business owner and bestselling author of Addicted to Life: How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time.

On this episode of Financial Freedom with Real Estate Investing, Rob joins cohost Garrett Lynch and me to share his journey from homeless addict to successful multifamily investor. He explains why so many aspiring investors don’t succeed, challenging us to develop a strong WHY and leverage visualization to reach our goals. Listen in for Rob’s insight on cultivating the mindset where you need to take action, grow through the challenges, and achieve financial freedom as a multifamily investor!

Key Takeaways

Rob’s struggle with addiction

  • Hooked on both meth and crack cocaine
  • Homeless and unemployable

What inspired Rob’s decision to change

  • Realized he was on the path to death or prison
  • Pain to stay the same was greater than the pain to change

How Rob got back into society

  • Choose new people, places, and things
  • Willing to take uncomfortable action

Why aspiring investors don’t take action

  • Biggest hurdle is equal to previous successes
  • They lack a big enough WHY

How Rob uses visualization to reach his goals

  • Write out your goals as if they are already accomplished
  • Read over in order to instill yearning and belief

The traits of a successful entrepreneur

  • Builds momentum via stacked action
  • Willing to act despite uncertainty
  • Grow through catastrophic failure

How Rob used knowledge in order to build momentum

  • Ziglar taught potential to succeed
  • Saved so he could buy Carleton Sheets course

How Rob got into real estate

  • Bought auto repair shops with no money down
  • Used hard money for first few SFHs

How Rob grew a 1K-unit multifamily portfolio

  • Start with SFH buy-and-hold strategy
  • Flip SFHs into small multifamily
  • Reinvest profits in larger multifamily

About “Financial Freedom with Real Estate Investing” Podcast

The Financial Freedom with Real Estate Investing podcast is all about how you can achieve financial independence and control your time through apartment building investing. Each week, hosts Michael Blank and Garrett Lynch interview experts who share how you can get started with investing in multifamily real estate even if you don’t have previous real estate experience or cash of your own to invest. You’ll hear from experts like Grant Cardone, Robert Kiyosaki, Ken McElroy, Robert Helms, Brandon Turner and Hal Elrod about developing the right mindset and scaling your portfolios. You’ll also hear from dozens of people who share how they have been able to quit their jobs with multifamily real estate. Whether you’re just getting started or want to scale your syndication business, this is the show for you!

Have you ever experienced hardships you thought you would never overcome?

Today’s guest is best selling author of the book, “Addicted to Life – Your 8-Step Formula for Achievement,” Rob Rowsell. Rob’s story is one of hardship, triumph, and inspiration.

Rob struggled with a life of drug addiction, which led him to homelessness. After meeting his future wife, he decided he was “done.” Rob began his extraordinary journey of recovery and entrepreneurial success. This journey has landed him in the Hall of Fame for two different prominent real estate mentorship programs. He is also now a best selling author.

Rob shares his 8 step formula for achievement with us that can apply to any aspect of our lives:

  1. You have got to be done.
  2. Get uncomfortable and then take action.
  3. You must create the wave of momentum.
  4. Prepare now for what’s coming.
  5. You must be open to the unexpected.
  6. You won’t always feel like your winning.
  7. Understand the law of exposure.
  8. You won’t do it alone.

Rob is a huge advocate of coaches in every aspect of his life to continue to build success upon success. Set 1, 3, and 5 year goals and then develop quarterly action plans to pave your path of success. Coaches will not only guide you but also help to hold you accountable. You should always be investing in yourself.

About Prosperity Through Multifamily Real Estate Investing

This podcast is for anyone seeking to learn how to create a lifetime of wealth and financial freedom by investing in multifamily real estate. Whether you are an aspiring syndicator or a passive investor seeking better returns and cash flow from your investments, this show is for you. Cody Laughlin, John Batey, and Brian Alfaro speak to industry experts to discuss all aspects of investing in multifamily real estate. They seek to help all multifamily real estate investors to both improve their education and learn proven strategies to grow their businesses.

This short video clip is taken from Rob’s “Implementation Rediscovered” webinar. Watch below for a practical wealth strategies tip where Rob regarding “Being Financially Independent”:

Being Financially Independent
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Being Financially Independent

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