Show notes
After coming to America from abroad, Nima Rezaei started elementary school and quickly adopted the American culture. Although he came from a long line of engineers, he knew that was not his calling. He flirted with law school and even prepped for the LSAT. However, during his undergrad as a business major, he was forced to take accounting courses and quickly fell in love. The logic behind the debits and credits, coupled with a supportive teacher, inspired him to become a CPA. He completed the GMAT with a score of 710 and started Grad School at Sacramento State University. Nima completed his grad school and his CPA at the same time, either of which is a difficult feat alone. He passed every class and every CPA exam on the first attempt. Having been in public accounting for a number of years, Nima recently started his own practice in Roseville, a suburb of Sacramento, and has been in operation since. [00:01 - 05:07] Opening SegmentIntroducing Nima to the show!Nima shares his experience in real estate and tax planning[05:08- 12:52] Achieving Financial Independence Through Discipline And EducationFinding passion in accountingReal estate investment is considered passive incomeInvesting in multifamily syndicationsInvestors are looking for a double-digit income through real estate[12:53 - 24:59] Save On Taxes By Utilizing Tax StrategiesVarious ways to save on taxes using:Corporate structurePassive incomeDepreciationWhat is depreciation recapture?Inheriting real estate can result in a step up in the basis[25:00 - 32:50] Closing SegmentNima emphasizes the importance of education and generational wealth See the links below to connect with Nima! Quotes:"Whether it's Law, CPA, Engineer, whatever it is, I just personally believe that if somebody chases their passion they're going to be successful at it.” - Nima Rezaei“Real estate investment is not just about me. This is generational stuff that we're talking about." - Nima Rezaei Connect with Nima through LinkedIn! Connect with me:www.5talents.capitalLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] TALENTS CAPITAL | ABEL PACHECOIf you are ready to start your investment journey with 5 Talents Capital, here are the next steps you should take:View our informational video and case study at https://5talents.capital/grow-your-wealth/After viewing the video follow the prompts which will lead you to a scheduling link to meet one on one with Abel Pacheco. Register for our investor portal here investor portal once registered you will be able to review some of our past deals and you will receive alerts for upcoming investment opportunities. I Help People Build Wealth And 10X THEIR MONEY By Establishing Multiple Income Streams Through Multi-Family Real Estate Investments.Our blueprint to financial freedom is streamlined so you can get going in multifamily commercial real estate investments fast. Support the Show.