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Episode 83: Real Asset Tax Strategy 101

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In the conversation with today’s guest, Nick Aiola, you’ll learn the following:

  • [00:29 – 03:21] Nick’s profile, in Billy’s guest introduction.
  • [03:21 – 05:48] The backstory and decisions made that led Nick to this point in his journey.
  • [05:48 – 08:15] The difference between tax return preperation and tax advisory as services and why you may want to go for one vs the other.
  • [08:15 – 12:12] Why Nick decided to focus on Real Estate specifically for his tax advisory services.
  • [12:12 – 16:21] The different tax benefits you can get for different following strategies.
  • [16:21 – 19:35] Reasons New Yorkers and others may decide to invest beyond their backyard.
  • [19:35 – 21:58] Extra benefits from various tax strategies, other than general return of capital.
  • [21:58 – 25:51] Active vs Passive Income and how they can play out when looking at various tax strategies.
  • [25:51 – 28:02] What to expect when you go to Nick and his team for advise on working out and and implementing your own tax plan and strategy.

Here’s what Nick shared with us during today’s conversation:

  • Where in the world Nick is based currently: New York, USA.
  • Favourite European city: Siena, Italy.
  • The best thing to happen in the past 24hours: The Tampa Bay Buccaneers winning the Super Bowl!
  • A mistake Nick would like you to learn from so you don’t have to pay full price for it: Know when to delegate! Nick is someone who likes to take action and do things himself, but he learnt the hard way that it can cost you big to not outsource and delegate things that call for it.
  • Book Recommendation: The E Myth, by Michael.E. Gerber

Be sure to reach out and connect with Nick Aiola  by using the info below:

Start taking action TODAY so that you can gain more Education and Control over your financial life.

To see the Video Version of today’s conversation just CLICK HERE.

Do you want to have more control and avoid the mistakes that I made getting started in long distance investing?  Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE.

Be sure to connect with Billy!  He’s made it easy for you to do…Just go to any of these sites:

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