REAL ESTATE JOURNAL
WINTER 2024-2025
2. This Time of the Year Always Gives Me All the Feels
9. Sharing is Caring, Even for Landlords 14. Breaking Free From Banks: How Real Estate Investors Can Control Their Financial Future
3. NREIA Legislative Update 5. It’s Roller Coaster Time
15. Can You Change Qualified Intermediaries During a 1031
6. Roth IRA vs. Traditional IRA: Which Retirement Account is Right for You?
Exchange?
8. Joint Ventures: Why Do So Many Fail?
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Now Comes the Hard Part
RE Journal
Member Spotlight
By Chis Kuehl, Ph.D.
F Paul and Tanice Myers
P
aul and Tanice Myers are a husband-and-wife real estate investment team based in Boise, ID. With over two decades of experience, they specialize in various real estate investment strategies, including buy-and-hold, wholesaling, rehabbing, and rentals. They are also HomeVestors franchise owners and coaches to franchisees in Washington, Idaho and Montana. With Paul’s background in construction and Tanice’s corporate experience together they provide a strong foundation for their real estate business. They are passionate about family, traveling, living life to the fullest, and helping others achieve success in real estate. They are active members of the Boise REIN in Boise, Idaho.
Vol. 10 Issue 1
irst, the good news. It is now safe to watch TV again (except for all the ads from lawyers). The campaigns are over, and our choices have been made. Some people are happy, and some are not. What happens next is transitioning from promises and electioneering to policy decisions and actual governing. What can we expect, and what should these political leaders be focusing on? Three things stand out as far as projected policy. Trump and the GOP are committed to what has been described as nationalist populism. This approach means the United States will become more isolationist when it comes to world affairs and more protectionist when it comes to the economy. This is the intent, in any case, but making this a reality will be challenging. The first major shift will involve trade. Trump asserted that he would impose a
20% tariff on anything that was exported into the United States and a 60% tariff on goods from China. That is easier said than done. In his first term, he tried to impose significant tariffs on imported steel and aluminum, but by the time the plan was implemented, there were exemptions for Canada, Mexico, Europe, South Korea, Australia, Brazil, Argentina and even Japan. China dodged the tariffs by trans-shipping. Countries hit by tariffs retaliate with tariffs and restrictions of their own. Remember when Japan struck back with a major tariff on imported bourbon to get the attention of Mitch McConnell? It is also very possible that Trump has proposed these tariffs as a negotiating technique. Several of his allies suggest these tariffs will be reduced or eliminated if the target nation provides something in return. This could be better access for U.S.-made goods or promises to shift production to the United States. There is evidence that
Taiwan Semiconductor decided to build its newest plant outside Phoenix for that very reason. Another major policy shift involves U.S. engagement in global affairs. It is likely the United States restricts support for Ukraine and may back away from commitments in the Middle East as well. There is talk of withdrawing from NATO and the United States will not engage in most of the international meetings. This strategy may erode as well, because it means the United States will not have a Continued on Page 4
Year-End Tax Planning for Real Estate Investors A Controller’s Insider Guide By Gita Faust
A
fter 24 years of wrangling with year-end financials for real estate portfolios, I’ve learned that December isn’t just about holiday parties and closing out books, it’s about making smart moves that can significantly impact your bottom line. Let me share some battle-tested strategies that have served my clients well, along with a few lessons learned the hard way.
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The 30,000-Foot View: Setting the Stage
Rental Housing Journal, LLC 4500 S. Lakeshore Drive, Suite 300 Tempe, Arizona 85282
First things first: Your year-end strategy should be about more than just tax minimization. I’ve seen too many investors focus solely on reducing their tax bill, only to miss out on opportunities for long-term wealth creation. Think of it as playing chess, not checkers. Here’s something I wish someone had told me earlier in my career: The art of year-end planning isn’t just about what you do, but when you do it. Timing is everything.
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