Episode 295: Understanding the Value of Tax Advisory for Investors, with Spencer Hilligoss
35:12 Share

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: [email protected]

Phone: 1-4152900328

LinkedIn: https://www.linkedin.com/in/shilligoss/)

Facebook: https://www.facebook.com/madisoninvesting)

Attention Investors and Agents

Are you looking to grow your business?

Need to connect with aggressive like-minded people like yourself?

We have all the right tools, knowledge, and coaching to positively effect your bottom line.

Visit:http://globalinvestoragent.com/join-gia-team) to see what we can offer and to schedule your FREE consultation!

Our NEW book is out...order yours NOW!   Global Investor Agent: How Do You Thrive Not Just Survive in a Market Shift? Get your copy here: https://amzn.to/3SV0khX)

HEY! You should be in class this coming Monday (MNL). It's Free and packed with actions you should take now! Here's the link to register: )https://us02web.zoom.us/webinar/register/WN_sNMjT-5DTIakCFO2ronDCg)