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!

Rob 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 Addicted To Life 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! Enroll today!

When you are in the real estate business, it’s essential to know the basics of buying rental properties at auction. Rob and Gary discuss the process with our rental properties discussion group, the Addicted To Life Community. There are both treacherous pitfalls and huge rewards to consider when bidding at auction for rental properties. If you’re looking at buying properties on the auction block, you’d better do your homework first!

Buying Rental Properties at Auction – Due Diligence

When Real Estate Investors consider buying rental properties at auction, they must perform their due diligence. Whether you physically look in the windows and interview neighbors, or just research previous sales prices online, you are doing just that. The more you know about the property before going into the auction, the better.

Members of our Addicted To Life Community chimed in to share their experiences with bidding at property auctions. Steve was not serious about bidding on the auction. However, the seller required him to bring a cashier’s check in a specified amount in order to attend. The auction took place at the county courthouse, and he felt like it sold for much more than it was worth. Steve was just coming for the experience, so no worries from him.

Paula has experience with buying several rental properties at auction. She has done business with the public administrator, so she is often invited to sit in at auctions, even if she has no interest in buying. Paula has learned a lot just from observing auction sales take place.

Jake detailed his experience attempting to buy properties at auction in Phoenix. He went through a bidding service, which was a real hassle. The service was very aggressive, calling constantly to get his bids up. He ended up just giving them his absolute maximum bid, and insisting they not call again. He also detailed a very disturbing experience another buyer had involving a dead animal in the property basement.

Join Our Community for More Rental Properties Advice

Do you own multi-family rental properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the Addicted To Life 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! Enroll today!

 

 

 

We real estate entrepreneurs are Type A Personalities. We’ve learned to mellow with age. While we are healthy and in a good financial position, we need to relax and enjoy the fruits of our labor. A side benefit of taking time off? Your employees can show you how well they perform when you’re not there watching over their shoulders! Enjoy life’s blessings and plan a vacation today – you may not be in the position to do so tomorrow!

Type A Personalities – Stop And Smell The Roses While You Still Can!

Recognizing the older, successful Type A Personalities in the room, Rob provided the example of how strict a boss his father was when he was younger. Rob said he and and his co-workers felt lucky to get lunch breaks and a weekend off! Later on, Rob’s son Micah worked for Rob’s dad. In stark contrast, the elder Rowsell was much more lenient with young Micah. We all tend to mellow with age, and (hopefully) become more empathetic of others.

One of the perks of investing well throughout our careers is the ability to enjoy the fruits of our labor. It may be tempting for us Type A Personalities to keep our noses hard on the grindstone to the very end. What good is the wealth we have earned if we can’t enjoy it, though? While you have time, money, and health, plan a vacation getaway with your significant other. If you don’t, you will regret it.

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 Addicted To Life 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! Enroll today!

 

 

The “Diary of an Apartment Investor” podcast, hosted by Brian Briscoe, recently had Rob on as a guest. Rob recounts his experiences working with an SEC Attorney and gives advice to beginning syndicators.

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 and motivational speaker, as well as multiple business owner and bestselling author of Addicted to Life.

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 now 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

Rob’s intro to 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, leading to financial freedom

• 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 both hardship and triumph, as well as  inspiration. Learn about prosperity through multifamily real estate investing from someone who has lived it!

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 in order to continue to build 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 invest 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 properties. 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, in order to discuss all aspects of multifamily real estate investing. They seek to help all multifamily real estate investors to both improve their education and learn proven strategies to grow their businesses.

Realtor Jacob Garcia discusses his story with Rock Star Marketing’s Jennifer Filzen in this clip from a recent ATL Community Gathering. Jacob discusses going through drug rehab in the same group as Rob. Jacob details his journey of getting clean and then building his real estate business.

He also talks about his business’s current structure amid the COVID-19 crisis and dealing with subcontractors. What has changed with his sobriety support group during the pandemic?

This short video clip is taken from Rob’s “Implementation Rediscovered” webinar. Watch below for a practical real estate tip where Rob asks “What’s the Definition of an Expert?”:

What’s the Definition of an Expert?

This short video clip is taken from Rob’s “Implementation Rediscovered” webinar. Watch below for a practical real estate tip Rob calls the Master Lock Analogy:

Masterlock Analogy