Simple passive cashflow10/6/2023 We share our own encounter with a contractual claims process, emphasizing the vital role of having a professional engineer on the project. We also navigate through the rough terrain of construction projects, discussing neighbor disputes, unplanned costs, and the challenges of managing opposition on large-scale projects.Īs we journey further, we explore the challenges of staffing and working with third-party professionals in the civil engineering world. Take notes as we expose the sneaky tricks contractors might employ and share tips on crafting a contract that discourages such behaviors. Learn how we braved this storm by buying lumber in separate tranches and the tactics we used to minimize the damage. Brace yourself as we tackle the financial hurricane that hit our budgets due to the soaring lumber prices. This episode isn't all about careers, though. Stay tuned as we dissect the remarkable differences between development deals and existing infrastructure projects and illustrate the importance of investors conducting rigorous due diligence. We also dissect the role of a property manager, stressing the crucial function of effective communication in sealing development deals. So buckle up, folks! It's going to be an illuminating and engaging ride through the world of investor newsĮver wondered about the career progression of an engineer in the property development world? Prepare to be enlightened as Greg, a seasoned professional engineer, walks us through his intriguing journey from starting out as a design engineer to becoming a consultant, and then a pivotal player at a development firm. We round off the episode with a sobering report from Harvard on the decreasing supply of low-cost rentals countrywide, reminding us of the enduring worth of residential real estate. It's a thought-provoking story that encourages us to reflect on when 'enough is enough' in our own careers and financial pursuits. We're discussing actress Cameron Diaz's surprising decision to retire at 45, a move that is almost unheard of in Hollywood. Now, you might be wondering what asset class Blackstone just unloaded? We've got you covered, as we delve into their recent decision to sell their self-storage portfolio to Public Storage for a whopping $2.2 billion - a bold move that raises intriguing questions about the asset class.īut it's not all numbers and stats - we're also bringing some Hollywood to the mix. See /privacy for more information.Įver wanted an insider's view on the latest in investor news? Well, you're in luck! Tune in as we dissect the Fed's decision to increase interest rates and explore how it reverberates across sectors like workforce housing. So, buckle up to gain a better understanding of the IRS and how to navigate your tax strategy like a pro. This episode is sure to be a game-changer in your approach towards tax strategies. Special guest Robert Norland shares his knowledge on this intriguing topic. That's right! We explore the world of real estate tax incentives, how you can leverage them, and where to find resources to learn more. To top it off, we also discuss the indicators of fraud that the IRS watches for, giving you insights on what not to do.įinally, imagine saving money through real estate taxes. We turn the spotlight on the 2018 security act and how it brought changes to IRS tax filings. How often do people get flagged or audited by the IRS? What are the odds? Together with Robert, we delve into these aspects, shedding light on how technology, specifically artificial intelligence, is aiding the IRS in catching tax evasion and fraud cases. We discuss the weighty topic of tax evasion and avoidance, and what makes an expense a legitimate business one. We will unveil the veiled practices of the IRS in assessing and collecting taxes. Ever wondered what it's like on the other side of an IRS audit? Join us for an illuminating discussion with Robert Norland, a former IRS special agent, who gives us an insider's view of the entire auditing process, and the difference between a criminal and civil investigation.
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