Chapter 1: What is the main topic discussed in this episode?
This is Wake Up To Wealth, a podcast dedicated to helping you change the way you think about wealth. And now, here's your host, Brandon Brittingham.
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And thank you guys for sponsoring this segment. Hey everybody, and welcome to another episode of Wake Up To Wealth. And I just want to say. We're in 2026. I want to say thank you to everyone who's been a supporter of the show in 2025. We are now sitting at over 2.8 million downloads. And the last episode we did, thank you to you guys, got over 110,000 downloads and it's still running.
The whole purpose of the show was to bring on really cool and smart people like our guests today and just teach you guys about money because a lot of us were not taught about money growing up. and not taught the right way. And one of the big things that I've spent a lot of time, effort, education on of learning about is taxes because most people don't get it.
So I've got a really smart guy who I've followed on social media for a long time and consumed his content. And what's so crazy is it's funny how small the world is. We have mutual friends that we actually got on the phone with each other not that long ago. And first thing I said is, dude, I got you on the podcast.
So today I've got Brian Boyd as a guest who I followed on social media for probably over a year before I got the chance to meet him. Thank you for coming on the show today.
Absolutely, man. I'm happy to be here. I'm happy to just riff for a little bit. And let's try to give people something to talk about.
So tell people who you are and kind of what you do by trade.
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Chapter 2: How can understanding tax laws benefit real estate investors?
And then the other option is they could always do a slow man's 1031, which is also called a lazy man's 1031, as long as you're in the same calendar year. So that's my job on a daily basis. Other than that, I do a lot of mergers and acquisitions. I do a lot of business dispute stuff, trying to sort out partners when they're sideways with each other, how to pull them apart.
And again, I'm heavily... involved in real estate on a day to day basis and a lot of tax planning for clients. Now, that's my day job. On the other side of this, I'm also a real estate investor. My wife and I own about 20 pieces of property. And, you know, that that's kind of our passion. We have properties, Montana, Tennessee, you know, Middle Tennessee, East Tennessee, Southeast Tennessee.
Clearly I'm from Tennessee, so I know the area and that's why I like to invest here. But I talk to real estate investors all the time, all across the country. And, you know, Part of any plan I put together is I have to suggest real estate because it is such a friendly way to grow wealth, create and take advantage of deductions now so you can grow that wealth over and over and over again.
which is really the best and most efficient way to generational wealth in this country. I think I saw a statistic that they're like 85% of all millionaires in the United States got started in real estate. Somehow they were associated with real estate. So it's a proven method of growing wealth and sheltering income at the same time.
Yeah, and I'm glad you mentioned that coming from your purview of seeing it from a lot of different angles because I'm obviously very bullish on investing in real estate for a lot of reasons. So what's kind of some of the low-hanging fruit for people that are listening to this? that you share a lot of good stuff, by the way, we'll, we'll get to that at the end.
Cause I want you guys to follow him. Cause he puts a lot of great free information out on social media, which is awesome. But like, what's some low hanging fruit that maybe people don't know about that, you know, real estate provides, you know, from a tax perspective that you would say is pretty relatively easy to do and figure out, but most people just don't even know that exists.
Yeah, the low-hanging fruit out there is Treasury Regulation 1.469-1TE32A. You probably know it as the short-term rental loophole. But that only requires 100 hours to take advantage of the deductions. So you have to work 100 hours
on your short-term rental to unlock those deductions if you're a W-2, which is wonderful because so many W-2 earners out there are limited in what kind of deductions they can take.
But this treasury regulation, the short-term rental loophole, allows you to take advantage of some of the deductions that are available to you and your investment without having to achieve real estate professional status under Section 469, which requires 750 hours a year. That has to be more than anything else you're working for making money in.
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Chapter 3: What is the short-term rental loophole and how can it be utilized?
And then when he graduates, and a lot of people have given me a hard time about this, I'm going to give it to him. I'm just going to assign the policy to him like, hey, here's your start in life. And by the way, I used this to put you through college.
That's awesome.
Yeah, they're after-tax dollars, so it's not like a tax play, but it's a way to utilize your policy in such a way that you're not having to freak out. Oh, do we have enough scholarship money? Do we get enough student aid? No, I don't need to worry about it.
I'm just going to take from this policy that I've been putting $250 a month in since he was three months old, and it's going to pay for everything.
That's really cool.
When I borrow from it and I write the interest check back to the company, I can deduct that interest check. So people need to think about, yeah, it's boring, but why is it boring? Is it boring because you don't know about it or is it boring because it's not sexy? Yeah, this isn't an episode of billions, right? We're not hedge fund managers doing insider trading.
This is real live application of what is available to us right now. And at retail, we can just go out and get it if we want it. So that is another way I think people don't understand money. It's like, it's a tool. Yes, we need it. We need to pay bills. We need to survive. But money is really just a tool.
um funny story i've got a buddy that i i hunt with and he married into a very wealthy family and we were sitting down talking one night very late believe me the bourbon was flowing and we just started talking about you know what's it like you know because he's he's a billionaire now he married a wealthy family and he was like well The way it's changed me is I don't look at money the same way.
It's not a need anymore. It's how can I utilize this to better my life, better the life of people around me, and do things that I've always wanted to do. He has a passion for teaching. So he can go take a teaching job and not have to worry about the income because he's got money. Now, insurance is the same thing. It's just a tool.
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Chapter 4: How does cost segregation enhance tax deductions for real estate?
Yeah. Interpretation. Yeah.
Yeah. It's all about interpretation. Like, well, if I do this, which the statute doesn't say I can do, but it doesn't explicitly say I can't do it. how does the IRS look at that? And so you start doing research, but yeah, that's how like strategists think about things. And I do a lot of strategy for people. I'm like, well, it says we can do this. But what if we did this?
It doesn't say we can't do it. And what is the authority that would allow us to do it? So you start looking into it. And that's just one of the things where that 1099-C video came from. It's like, it doesn't say you can't do it.
Thank you so much for that. Now, another question. You put a bunch of really good stuff out all the time. I want our listeners to follow you. How can they follow you? And where can they see some of your stuff?
Yeah, so I'm on Facebook at Brian T. Boyd. I'm on Instagram at Brian T. Boyd. And I'm on TikTok at Brian T. Boyd. And I've got a YouTube channel as well. I think it's Brian T. Boyd Tax Practitioner or Tax Lawyer or something. And I put out a lot of content. We've uploaded a lot of the courses I've done to YouTube because they're long form courses.
And if that was something I was selling as courses that I've now made available to everybody, including the 1099 C, like, how do you do this? Like, what's the process? You know, there's a whole video on it. You can go look at it. And my goal for all that social media was really just to take what everybody thinks is a Byzantine tax code, which it is Byzantine and break it down to people in a,
in a relatable way. You know, there's nothing fun about talking about taxes. There's nothing sexy about it. But you know what? You could learn something that may save you money. And if I can save you a little bit of money through my content, I'm happy to do that for you. Because it is, it's difficult. You go hire somebody like me, you're gonna pay a lot of money. You go hire an accountant,
And unfortunately, most accountants are historians. They look back at what you did. They don't really look forward. And I'm not giving accountants and CPAs a hard time. I'm just saying that is the nature of their job. And so somebody like me, I'm looking at, okay, well, this is what we want to see. So how can we get there? And that's my job. But but yeah, I mean, that's social media content.
I enjoy making it. My social media manager named Danny. I want to say hi to Danny. She she helps me with all of it. And she she makes me more relatable than I am in person because I'm typically very reserved. And, you know, I'm not extroverted by nature. So she makes it more relatable for me and she does a good job.
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