Preview Mode Links will not work in preview mode

Small Axe Podcast


Jan 10, 2022

Larry D. West III is a managing partner of Precision Business Strategies where he leverages 8+ years of experience in the public accounting sector to help business owners maximize profits, minimize taxes, and build personal wealth. His specialized knowledge comes from his niched experience working as a tax and business strategist across different industries and platforms. 

He strongly believes that the foundational understanding of entity structure, financial metrics, and tax strategy are critical to any organization's success. Together with the Precision Business Strategies team, Larry focuses on providing advanced creative strategies.

 

[00:01 – 09:08] Opening Segment 

  • I introduce our guest, Larry D. West III
  • Connect with Larry through the links below
  • Larry shares how he got into the space
  • Meet with your tax and financial strategists
  • Dynamic, on-going, strategic planning

 

[09:09 – 36:50] Larry sheds light on these matters

  • What is Passive Income?
  • Reinvesting Capitals for future deals
  • What is the best strategy for reinvesting?
  • The Alternatives
  • What is Deferred Sales Trust?
  • The thing called depreciation reduction
  • Tax Calculations and Capital Gains
  • Should I have an entity formed as an Active Investor?
  • LLC matters
  • Inheritance for children

 

[36:51 - 40:34] Closing Segment

  • Connect with Larry through the links below
  • Final words

 

Tweetable Quotes:

“Don’t leave; continue to reinvest and grow that portfolio.” - Larry D. West III

 

"If you look at Real Estate, that’s Passive Income because that’s tax efficient.” - Larry D. West III




Find out more and connect with Larry through email larry@pb-strategies.com

 

You can also connect with him through his LinkedIn, Instagram, Facebook, and his website https://www.pb-strategies.com/




LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.