Episode 295: Understanding the Value of Tax Advisory for Investors, with Spencer Hilligoss
Spencer Hilligoss is a passive investor who has deployed 7-figures of his own capital into passive investments in the past 6 years. In 2019, Spencer retired from a 13-year career in Silicon Valley tech companies in order to give full focus to serving fellow investors in Madison Investing – a club where passive investors gain access to the same types of niche investment opportunities where Spencer deploys his own money – including cash flowing assets like self-storage, rentals, multifamily, ATMs.
Spencer lives with his family in Alameda, California – is a proud father of two, graduate of the University of Colorado and member of the Forbes Business Council.
What You Will Learn:
- Who is Spencer Hilligoss?
- What inspired Spencer to transition from a tech career to real estate investing?
- How did growing up in a broker household influence Spencer’s career choices?
- What key factors led Spencer to leave a high-stress tech job for passive investing?
- How has your work-life balance changed since transitioning to real estate investing?
- Why is it important to treat real estate as a business rather than just a job?
- What are the main differences between entrepreneurial and transactional mindsets in investing?
- Why did he believe passive investing is a viable strategy for achieving financial goals?
- Spencer explains how you utilized personal income and HELOCs to fund your investments.
- How important has education been in your journey as a real estate investor?
- What are the strategies he can recommend for balancing learning and taking action in investing?
- Spencer shares the key lesson he learned about why businesses fail.
- What are some key tax implications that passive investors should be aware of?
- What strategies can investors use to achieve tax efficiency in their investments?
- Why is it important for investors to understand tax rules to minimize their tax burdens?
- What are the key benefits of working with a tax advisor for proactive tax planning?
- How do tax filing and tax advisory differ in terms of their focus and purposes?
- What strategies can real estate investors use to enhance their monthly cash flow?
- What common challenges do individuals face after exiting a business, particularly regarding reinvestment?
- Spencer shares how everyone can contact him.
Additional Resources from Kyle Reedstrom:
- Website: http://www.madisoninvesting.com/
- Email: spencer@madisoninvesting.com
- Phone: 1-4152900328
- LinkedIn: https://www.linkedin.com/in/shilligoss/
- Facebook: https://www.facebook.com/madisoninvesting
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- Visit:http://globalinvestoragent.com/join-gia-team to see what we can offer and to schedule your FREE consultation!
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