Big Beautiful Bill for Real Estate Investors: 2025 Tax Changes and How to Beat Them

Mike Hambright (00:00)
Hey everybody, welcome back to the show. Today I’m here with Kaden Hackney ⁓ from BEC CFO. We’re gonna be talking about the big beautiful bill and what it means for real estate investors, kind of unpackaging it. Some of the good, believe it or not, there’s some bad in here maybe, or there’s some things that are different that you need to be aware of. And so it’s not all kind of sunshine and rainbows necessarily, but generally a good thing for entrepreneurs and real estate investors. So excited to unpack that with you today. Kaden, welcome to the show.

Kaden Hackney (00:26)
Hey Mike, thanks for having me. I really appreciate the opportunity.

Mike Hambright (00:29)
Yeah, yeah.

So excited to kind of talk about this a little bit more. And I think there’s a lot of there’s just this general belief of this is a good thing for real estate investors. Like, you know, I think we all aren’t all real estate entrepreneurs, really all entrepreneurs ⁓ feel like they’ve paid more than their fair share of taxes. So give me some relief here. We all feel like there’s some relief here, but it’s it’s complicated, right? There’s some components of it that most people ⁓ need.

an expert to kind of help them kind of wade through. So excited to do that today. Hey, for those that aren’t aware of you or your company, maybe give us a little bit of background.

Kaden Hackney (01:09)
Absolutely. So BEC CFO is a real estate firm that focuses on accounting, CFO services, tax and wealth for predominantly the real estate entrepreneur. ⁓ My business partner, Marcus, started the company back in 2020. So it’s been five years that we’ve been here. Before that, he was a partner of another firm.

⁓ I’ve recently come on as a tax partner to take our tax division up to the next level. So we’re really excited. I live in Williamsburg, Virginia. I’ve got a nice wife and two small dogs and we’re just happy and grateful to be working with everybody that we’re ⁓ in business with.

Mike Hambright (02:03)
Yeah, that’s great. And you guys work a lot with real estate investors, so.

Kaden Hackney (02:06)
Oh, a hundred percent. Yeah, that’s our

specialty. We love the real estate market for sure.

Mike Hambright (02:11)
Yep. why don’t you kind of high level tell us a little bit about, just kind of tee this up of what we’re going to talk about today.

Kaden Hackney (02:18)
Yeah. So ⁓ back in j July on the fourth president Trump signed into law, a new bill. ⁓ it’s got a whole bunch of different names. I’m using the colloquial name, the one big, beautiful bill. ⁓ it’s talking about a bunch of different tax provisions. ⁓ specifically that’s what we’re going to focus on. The bill had a whole lot of other things, but we want to talk about the tax provisions, ⁓ specifically what’s relevant to

everybody in the real estate space, some good things to know. There’s going to be some case studies where we talk about some different strategies where you can look at using the bill to your advantage, give you some boundaries about, this is really when you want to start pursuing tax strategy, when you get the best return on investment, trying to dig into the bill. And instead of just being flat and reading a paragraph to you about it,

We want to show you some of the exciting things, the conversations you should be having with your CPA.

Mike Hambright (03:24)
Mm-hmm. Yep. Okay. Well, let’s kind of dive into, I know one of the things that’s interesting is you did, I know you did a case study to compare an investor that what their business looked like last year and what it will look like all else equal using kind of these new tax provisions in 2025. But like, why don’t we start with that?

Kaden Hackney (03:42)
Yeah, absolutely. ⁓ So just before we get started, I did want to just throw this out there. I’m trying to give you guys some great information. I don’t want you to necessarily take it as strict legal or tax or any kind of advice like that. ⁓ It is going to be very intimate person to person. So just keep that in mind as we go through these. But this is why you want to be talking to your professional. So Mike, you kind of teed up the what I call the big, beautiful mess, right?

Mike Hambright (04:12)
You

Kaden Hackney (04:12)
I’ve got

a client, I’m going to kind of lay out some of their situation and why ⁓ this is getting impacted. One of the spouses in this relationship is a really high wage earner. The other person is a business owner and they do real estate. So my high wage earner, ⁓ they have built a portfolio of investments that get some high interest, high dividends and

You know, they’re, they’re working with a financial advisor. We love that for them. They’re, they’re very successful. What this new bill introduces is two kind of key pieces that cause a big mess with how these folks are able to offset their tax bill. It was easier to save them money in 2024. I’m having to work a little bit harder here in 2025. We’re still going to make it happen, but I had to work a little bit harder.

⁓ what we’re dealing with is the excess business loss limitation. I’ll kind of dive into what that is. And then another, ⁓ new limitation that got introduced. It’s a section 68 itemized deduction limitation. Okay. Excess business loss. What is that? Well, we have different kinds of income. So

W two wages, your portfolio interest and dividends and those portfolio capital gains. Those are all what’s called non-business income, right? Our non-business income can only be offset by so many business losses. That number here in 2025 for a married couple is 626,000. If you’re single, it’s half of that. So this particular couple,

had about one and a half million dollars of non-business income. Well, this excess business loss annotation was still here in 2024. So we were only able to offset 626,000. That means we’re left with about, ⁓ let’s just use easy round numbers, we’re left with about $900,000 of taxable income after we can use business losses. So business losses, what are those?

That’s where we go and buy properties and take advantage of bonus depreciation. That’s where, you know, we’ve gone and made investments for the sake of, getting what people call paper losses. Well, in 2024, this itemized deduction limitation was not in play. They were able to go and use itemized deductions. So donations to charity, the, you know, the limited state taxes that they paid, all those things, they were able to take all of that and.

Mike Hambright (06:45)
Mm-hmm.

Kaden Hackney (07:04)
um, you know, kind of engineer the deductions that they needed to get down to a good tax income or they didn’t overpay in 2025 at that income level. They’re not able to do that anymore. The itemized deduction is really reduced. Once you make you, once you’re into the 37 % bracket, which is the highest tax bracket, you, you hit this limit or only so much of your itemized deductions will actually be allowed.

in a given year, so you’re going to be exposed. This particular person, their situation’s pushing them to pay an extra quarter million this year if nothing changes in their plan. So really big mess that they’d be left with and lucky that we’re not finding this out next year ⁓ when it’s all time to file.

Mike Hambright (07:56)
And is that specific to ⁓ non-business? I mean, this issue is because it’s non-business income, somebody with a high W-2, is that right? Okay.

Kaden Hackney (08:05)
That’s right. So

for those people that have the spouse out there, that’s, you know, maybe a doctor or a lawyer or, know, somebody that’s making a lot of money in their W-2, this is going to be specifically to your situation where you want to pay attention to that. If all you’re doing is business and you, you you control your W-2, so maybe you’re doing like 150 or $200,000 W-2. If you’re non-business income is below that excess business loss.

you’re probably not going to have this issue. But that’s where, where we get into, it really depends on your personal situation, where you’re coming from.

Mike Hambright (08:41)
Yeah.

Yeah, I think there’s a lot of people that use social media or ⁓ even podcasts like this. Like, don’t just take this. Everybody has an individual situation. So don’t go to the equivalent of WebMD and try to diagnose yourself with your disease. It’s like you need to talk to somebody that knows what they’re doing and can understand your situation. so.

Yeah, that’s good. let’s talk about, ⁓ that’s interesting for sure. Yeah, so for everybody, just because this big, beautiful bill was passed, you may not be better off or you might have to find other solutions to your unique situation, right? ⁓ For how to minimize your taxes and hopefully have them even lower than in the past. So let’s talk about…

kind of some of the bigger components of the bill. And I know we have, know, a lot of these are kind of permanent changes, right? Instead of just ones that are gonna fall off in a few years. So that, think that gives the marketplace a lot of confidence is that we kind of understand the tax law going forward. But let’s kind of jump into, you know, maybe some of the bigger components of the bill.

Kaden Hackney (09:51)
Yeah, so some things that are working in our favor from the bill. The Trump 1.0 bill back in 2017, it introduced larger tax brackets and lower tax rates. Those were supposed to go away. We’re supposed to see the tax brackets where we climb them faster and they were going to go back to 39.6 % as the highest rate. Well, now…

We have it permanently into the code that we get these larger brackets so we’re exposed to lower tax rates longer and we’re keeping that 37 % bracket as the highest. Just that in and of itself, again, going kind of back to compare apples to apples, that is saving most people $10,000 or more in like a $300,000 income level. As you climb up, that number scales pretty significantly.

Mike Hambright (10:48)
Mm-hmm. Yep.

Kaden Hackney (10:49)
So that’s

a really nice fixture that is gonna be around permanent. The other thing is the standard deduction. The standard deduction pre-Trump tax code was like $6,000 for a single person or $12,000 for a married couple. About 80 % or so of Americans are using the standard deduction. So when you keep that in mind,

This year, single people get $15,750. Married people are getting $31,500 of standard deduction. That’s a larger amount of your money that’s not being taxed at all. And that’s a huge win. ⁓ What also makes this great, by the way, this is a strategy that we work with some of our most successful clients on. They’ve got kids that they want to teach them, you know,

their business to they maybe have grandkids that they want to involve and and you know want to get them into the real estate business learning the things that that they’ve fought for decades to learn. You can hire your kids into your small business and pay them and take advantage of that standard deduction where instead of you paying you know 40 % of taxes on that money.

You can have your kids legitimately earn that money and pay no taxes on it because they get to use that $15,750 standard deduction. If you pay less than that or equal to that, they’re not going to pay taxes on it federally. And then even if you push it further, we’ve got a 10 % tax bracket where they could go and push into that. And now you’re still paying less taxes on that money. ⁓ That’s a really great wealth strategy that

Mike Hambright (12:26)
Right.

Yeah.

How high

does it, so the first 15,700 is on tax. And then the next level is 10%. How high does that, what income level does that go up to?

Kaden Hackney (12:48)
Yeah. So first 15,750 is a 0%. The next $11,000 is 10%. And then after that, there’s about $33,000 of 12 % tax bracket. So you kind of add that up. You know, if you’ve got a really sharp teenager that, especially I’m thinking of the kids who, you know, the AI babies, the ones who are growing up with AI and everything like that, they’re going to come in and be able to do some cool things.

Mike Hambright (12:52)
Right.

Okay.

Kaden Hackney (13:18)
in business, could pay them a justifiably high salary for what they’re able to come in and contribute. You’re looking at 15,000 not being taxed, $1,100 on $11,000, and then $30,000, what’s that going to be? Like $4,000. So $5,000 to pay them upwards of $60,000.

Mike Hambright (13:46)
Yeah. Yeah, that’s pretty incredible. Yeah. And I know a lot of folks do it in a way too, you know, that out of that income that goes to your kid, they don’t have to go blow it all on junk, right? Like you can just require your kids to set that aside to pay for education or cars or things that, you know, expenses that you’re going to have as a family anyway. So, ⁓ yeah.

Kaden Hackney (13:46)
That’s less than 10 % tax. You know, that’s great.

That’s absolutely right.

Get them invested in a Roth IRA. See what that does. Tax-free money that never gets taxed again.

Mike Hambright (14:12)
Right, yeah, yeah, for sure. Especially when you start that young.

Yeah, especially when you start that young. Yeah, that’s amazing. So let’s talk about ⁓ some of the changes to bonus depreciation.

Kaden Hackney (14:24)
Yeah, absolutely. So, for those who don’t know what, what is bonus depreciation? ⁓ you know, this is one of the big plays in real estate where you go and buy an asset. typically when you want to take a real estate asset and take advantage of bonus, you have to go through a process called cost segregation study. Cost segregation study is a nerdy engineer designed process where they go and say, ⁓

You have a building, but technically it’s made up of all these different things. And the tax code lets you depreciate all these different things differently. We’re going to basically take that cost segregation study, break it up into three buckets. What we call building, what we call land improvements, and then what we call fixtures, furniture, and equipment. Fixture, furniture, and equipment in the land improvements are going to qualify for bonus.

That cost segregation study usually gets you about 20 to 25 % of your purchase reclassified into those. So $100,000, you’re going to get about $25,000 or so of property that’s eligible for bonus. All right. Well, what was happening is 2018 to 2022, we all were super excited once we found out what was going on. We were able to go and take that stuff and write off.

$25,000 immediately in year one because the bonus rate was 100%. Back in that economy, the prices that you’re able to go and buy a house, you were able to do a purse, and then you’re able to get a massive tax savings on top of that, the financials were looking great. 2023 came along, the economy slowed down, but also what happened is that bonus rate dropped down to 80%. So then you started having to say, right,

My 25,000 ish, I have to multiply that by 80%. So now I get less tax benefit. 2024 was 60%. This year, it was supposed to be 40%. So that benefit was going away. The new bill were, well, I’m going to have to put a disclaimer on this one, but 2025 got adjusted to 100 % except for the first 19 days of the year.

Mike Hambright (16:34)
Right.

Kaden Hackney (16:48)
The first 19 days of the year, Trump’s administration wasn’t in office and they set an arbitrary date of January 20th, the day that they took office. That’s when 100 % bonus is back and it carries forward. So if you bought any assets and it is acquired, not placed in service, but acquired any new assets, the first 19 days of the year, you’re stuck with that 40 % rate that we would have had.

Mike Hambright (17:15)
So

folks that bought things in the past couple years that they couldn’t take advantage of the 100 % depreciation. So if you bought it in 2024 and you were down to 60%, you don’t get to use that to catch up to like fully depreciate it this year. It had to go into service after January 19th or 20th this year. Okay. Yeah.

Kaden Hackney (17:33)
That’s right. That’s right. So whenever

you place the asset in service, that’s going to be the tax law that applies to it.

Mike Hambright (17:41)
I see, okay, yeah. And for folks that did buy stuff over the past couple years, it’s just spread out more. You still get the same benefit, it’s just not accelerated into year one, right? So, yeah.

Kaden Hackney (17:55)
That’s exactly right. Yeah,

you don’t get more depreciation, you just get faster depreciation.

Mike Hambright (18:01)
Right, yep, yep, okay. Yeah, that’s interesting. I actually had that as a question as stuff you bought in the past few years, can you fully depreciate it now and take advantage of that, but the answer is no, I guess.

Kaden Hackney (18:12)
That’s right. So bonus, it’s 100 % this year after July 20th and after it is set to be 100 % continuously. There’s no sunset like we had in the past. What my disclaimer of that is, is it’s 100 % until somebody comes and changes the law. you know, the law doesn’t necessarily say it’s going away, but…

Mike Hambright (18:33)
Right. Yeah.

Kaden Hackney (18:40)
the next administration might come in and disagree with it and want to change it.

Mike Hambright (18:41)
The laws could be changed.

Right, yeah, yeah. So let’s talk about some other things. Normally we associate this with real estate, but there’s like 179 ⁓ expenses, like heavy equipment and heavy vehicles and stuff like that that are kind of back in play that you can get 100 % bonus depreciation on,

Kaden Hackney (19:03)
Yeah, so Section 179 expensing, I feel like it’s like a neglected step brother of bonus depreciation. Sometimes it’s actually the superior way of writing something off. And that’s where, you know, when is really important. So you’re exactly right, Section 179 expensing is great for things like vehicles and heavy equipment. ⁓

I want to take it a little bit through a different spin though and talk about how it applies in real estate. ⁓ This is going to be something for folks that are commercially investing in real estate. If you go and buy a commercial building, Section 179 expensing could be a big, big play for you.

Mike Hambright (19:53)
Hmm.

Kaden Hackney (19:55)
When we go and get a property, so we’re aware of the bonus depreciation through the cost segregation study and all of those good things. ⁓ What I want people to see is one, fix your furniture and equipment just because you can take bonus depreciation. That doesn’t mean that that’s the best way to write that asset off. Section 179 expensing has more value to you because it can get the same federal results.

but oftentimes it gets superior state results. A lot of states don’t agree with bonus depreciation and disallow it and make you go through straight line depreciation, but they do for some weird reason agree with section 179 expensing. So if you’re in residential’s, when you’re doing those cost segregation studies, you probably want to pay attention to that because you might be overpaying on your state liability this year if

People are, know, obviously if you’ve got a CPA doing some stuff like this and they’re getting you cost segs and bonus, they’re probably not lazy, but they’re not taking it the extra mile either. ⁓ For commercial properties though, let me talk about that. If you buy a property and again, this is a hypothetical, could be your situation, could not, I don’t want you to go and force a tax implication to happen. But if you’re one of these people listening and you hear this and you’re like, that’s exactly what I have going on.

This is going to be great. You take a, a commercial building that you need to go and do some replacements. Let’s say that you’re buying it, you know, it needs a new roof. You’re going to have to go and put a new roof on the thing. Well, what is interesting is on top of, just bought the building. We’re going to do the cost. Say we’re going to get the bonus. So we’re going to take fixture furniture equipment. We want to use that section 179 expensing on that fixture furniture and equipment.

if we can, right? There is some limitations that you got to work against where, you know, bonus, you get to do all or nothing, fix your furniture equipment. You can, you can use some of it through section 179 and then allow the rest to pass through bonus if you need to. There’s limitations on what you can use that for. Now let’s get into this scenario where you have to replace some things. Let’s say that you have to replace the roof. You have to replace HVAC.

and maybe you have to add a new fire suppression system on your commercial building. Well, we’re gonna compound a few different strategies. We’re gonna use bonus depreciation, we’re gonna use section 179, and then we’re gonna use something called partial disposition. If we do this the right way, you’re gonna get to go and do that cost segregation study, take your bonus, use your section 179 on that piece of it. You will get to…

write off the original components. that old roof, that old HVAC, that old fire suppression, you actually get to dispose of those and write them off immediately and get a new expense. The new components, this is what is great about Section 179, the new components on that commercial building, the new roof, HVAC, fire suppression qualify for Section 179 expense. Typically you have to depreciate a roof over 39 years. Well, Section 179 expense,

Mike Hambright (22:56)
Mm.

Kaden Hackney (23:15)
you could do up to 100 % this year. So we start looking at that. What’s the difference between just doing, you know, regular bonus with a cost seg or compounding some of these strategies. I have an example that I drew up where we don’t, you know, we don’t follow all the compound strategies and we get significantly less benefit. It’s, you know, $2.4 million.

income earner that has a $5 million piece of real estate they bought will get, you know, either 1.6 million if they just do regular depreciation, or they could even get upwards of $3 million using these compounded strategies. So there’s some really cool things where if you have specific circumstances, you’re replacing components on that building. And, you know, you’ve got different things that are coming into play there. That could be a huge win for you.

Mike Hambright (24:13)
Yeah, that’s intriguing. Let me ask you, if it classifies, if you could expense it under 179, like one of the problems with a bonus appreciation, you’re still better off, but if you sell the property, that gets reclaimed, right? So, is that the same under 179? If it’s an expense and it’s written off, you don’t have to reclaim that when you resell. Is that accurate or? Recaptured, okay.

Kaden Hackney (24:34)
Well, it is going to get recaptured. So you’re still going to

have that same deferred, you know, you’re borrowing tax benefits with depreciation with Section 179 for sure. And that has to definitely play into your exit strategy and what you’re doing with.

Mike Hambright (24:44)
Okay.

Yeah,

yeah, yeah, okay, okay. That’s interesting, yeah. Good stuff. So let’s talk about just the idea of, because you know my wife too, Lindsay. We’ve been through a lot of this over the past few years where we just got to a point in our lives where we really, you know, our estate wasn’t figured out. Like if something would have happened to us, our family would have had a mess to deal with, right? So we kind of went through this whole.

wealth planning, legacy planning, estate planning phase, and overall just kind of wealth planning. Like you get to a point to where you’re trying to, well, I hope that, you everybody that’s listening to this gets to a point to where you have a lot of assets and you need to figure out like what you want this to look like at different phases of your life, what you want your legacy to look like. A lot of folks are just kind of very transactional and they’re stuck in the day to day and year to year ultimately, and they just, whatever happens from a tax standpoint kind of happens. But let’s talk about this idea of really

kind of having an overall plan that’s well beyond one year that helps ⁓ entrepreneurs like me and those that are listening to this kind of build up a plan that’s strategic in nature versus just letting whatever happens happen.

Kaden Hackney (25:59)
Yeah. Yeah. I think it kind of goes back to that principle of if you don’t know your target, you’re never going to hit it. You know, and sometimes we, you know, we have like dreams and we have these loose ideas of what that looks like, but we haven’t really put pen to paper. We haven’t documented it. We haven’t really set a level of accountability in motion to track our progress towards those things. So.

What I’m looking at with a lot of these clients is they feel like they’re in this constant ⁓ rat race where they’re on a hamster wheel going around and around. They’re working really hard, doing really great things, and they still don’t feel like they have enough to show for it. They don’t feel like they’ve kept anything for themselves. They work to feed the machine.

When we’re looking at clients in those situations, we’re trying to help them. We’re trying to use these tax strategies to not just, you know, give them a quick fix win today where they don’t pay money today and they feel good about it. We want them to actually financially win and make progress. So I’m here as a tax professional telling you, I actually have a level of tax that I want all my clients to pay because it’s not worth reducing below that.

the cost of doing it is greater than the reward. There’s, you know, those tax savings. I just met with a client yesterday, showed him how they will reduce their tax bill by $270,000. Well, the conversation didn’t stop there. It’s not just, hey, cool, we saved 270,000. What are we gonna do with that money that we didn’t give to the government to make us better off? How are we deploying that?

Mike Hambright (27:28)
Mm-hmm.

Kaden Hackney (27:52)
Where are we investing it? Do we need to go talk to a financial advisor and have them take some money into the market? Are we going to go and acquire more real estate with that to help next year’s tax problem? What are we doing with that to make the impact that we need to make so that that money is working and growing for you? And then when we’ve grown all these assets, how are we organizing them and keeping

Mike Hambright (28:11)
Yep.

Kaden Hackney (28:22)
our team of professionals apprised that needs to be so that, you know, when, when we pass away, we’re not leaving a giant mess behind for the people to clean up. You know, I worked in a firm that specialized in trust in the States, a CPA firm. dealt with that. There was a huge, huge amount of stress on folks who got left with no will. was in test state. It’s called where the government comes and

Mike Hambright (28:33)
for sure.

Yep.

Kaden Hackney (28:50)
puts all of your assets out on public record, takes a ton of money to administer your estate, stuff doesn’t land where you necessarily would have wanted it to. It’s a big, big mess. You need to have an attorney that’s helping you with your estate planning. You need to have a CPA that’s helping with your tax planning on your estate and your income every year. That CPA is probably also going to be the best person to work with you on your personal financial statement.

Mike Hambright (28:57)
Yep.

Yeah.

Kaden Hackney (29:20)
And by the way, you should document that today and document where you want it to be so that you’re financially free. And you should be having conversations about that too. If you don’t know where you’re headed, you’re not going to get there, right?

Mike Hambright (29:27)
Mm-hmm.

Yeah, absolutely.

Absolutely. That’s good stuff.

Kaden Hackney (29:38)
You gotta have that financial advisor

that can help and come put money to work for you and can give you that advice in the market. And then the other thing too is kind of protecting it, risk management, insurance, what do you need to make sure that if something went wrong, you’re covered? That’s kind of the holistic wealth plan.

Mike Hambright (29:57)
Yeah, for sure. A lot of us have,

as entrepreneurs, if you’re ⁓ running a successful business, you probably are tracking key KPIs in your business. You have a scorecard of how your business is performing,

If you’re focused on improving your health, we’ve got a scorecard for that. It could be weight, could be, you know, body fat, it could be a lot of things, your ability to achieve certain things like physically, right? But then financially, we’re just like, well, whatever’s in my bank account or like, let me add up some stuff, right, and see what that looks like. I think we, like the truth is, as an entrepreneur, you should be doing all these things to build wealth for the future, for whatever your goals are, to build a level of cashflow that you need to.

Kind of truly have the freedom like we all got into this for freedom if you don’t have financial freedom ⁓ it’s hard to have any freedom because That’s the that’s the black powder that pays for the life that you want to live ultimately, right? But it’s it’s ⁓ it’s shocking how many people are disorganized from that side and so I could definitely echo everything you’re saying Caden so Hey folks want to learn more. This is a complex situation I think at the end of the day people just need to work with people that they know like and trust and can

Kaden Hackney (31:05)
and.

Mike Hambright (31:12)
Can I give them, this is an area where people should not just try to figure this out on your own ultimately. And it’s also an area where I found every dollar we invest into it, we get back many times over because there’s so many, like the tax law is complicated and it gets more complicated every year and you just need somebody that really understands this stuff. So if folks wanted to connect with you, Kayden, and learn more about you or how to work with you guys, ⁓ where should they go?

Kaden Hackney (31:38)
Yeah, absolutely. BECCFO.com is our website. There’s a nice big link on there that says, you know, book a free consultation. If you’re looking to work with us and want to see if you’re a good fit, you can go in there. We’ll ask you some questions. We want to understand where you’re coming to us from. And we’ll get you in touch with our sales guy, Tony. He’ll take good care of you.

I think, you know, just to kind of put a bow on all of this too, we’re all at different places in our journey. ⁓ one, you know, one couple might have a different need today than another. So I think you’ve got to look at this as we have to scale this planning compared to where you’re at. If you’re, if you’re somebody who’s, you know, had the successful journey and you’re closer towards the

the goal that you want to be at, you probably have to have a different conversation than the person who’s starting out. Some of these tax strategies sound really great, but they’re the reason that you’re stuck in your business. If you’re doing them and getting short-term wins and instant gratification as opposed to that long-term perspective. I think that’s probably what I’d say is you want to work with someone based on where you’re at and not be worried about where everyone else is.

Mike Hambright (33:05)
for sure. Yeah. And there are, and you know, because we’ve had these conversations, there are some tax strategies that’ll save you money today, but the administrative burden on that tax benefit might not be worth it to you. Right. There’s just, you know, there are things that quite frankly, we’ve done where it’s like, OK, well, now for the next every year for the rest of our lives, we have to maintain a life insurance policy and we have to maintain this paperwork. We to do all these things. And at some point, you’re just like, you know, sometimes the sometimes the the cure is worse than the disease.

Kaden Hackney (33:16)
Yeah.

Mike Hambright (33:36)
Everybody has to kind of decide that for themselves. There are a lot of strategies out there. It doesn’t mean they’re all right for you. awesome. Well, Kaden, we’ll add a link down below for folks that want to kind of learn more about you. Thanks for sharing with us. I know it’s high level, but thanks for sharing what the big, beautiful bill looks like for real estate entrepreneurs. And a lot of this stuff, even if you’re not a real estate entrepreneur, there’s still a lot of benefits here. So you should definitely be working with somebody that can understand how to fit your situation into some of these strategies.

Kaden Hackney (33:36)
Right.

Absolutely, thanks.

Mike Hambright (34:07)
Yeah, thanks for joining us today. Hey everybody, hope you got some good value. Definitely, you know, at end of the day, your business is a tool to help you make money, which is also a tool to help you live the life that you want from a freedom standpoint and from a goal standpoint, being able to pay for your life or your, you know, your legacy from here on out. So you definitely need to make sure that you’re working with people that have your back. If you’re a hard charging entrepreneur, quite frankly, you’re just too busy to try to figure this out on your own and you shouldn’t do it anyway. This isn’t your area of expertise. So make sure you’re working with somebody that is. So appreciate you guys.

for joining us today. We’ll see you on the next show. Take care.