What's Kenner French Thinking!

R. Kenner French discusses the top 10 IRS tax tips for entrepreneurs in 2024. The main focus is on lowering tax liability and maximizing deductions. The conversation covers topics such as organizing financial records, reporting all income, using the IRS website as a resource, understanding filing options, e-filing, getting answers to tax questions, using direct deposit for refunds, and double-chec...

John Money McKinley shares his expertise in real estate investing and innovative financing programs. He discusses the Investor 100 program, which provides all the funds to buy and renovate distressed properties without the need for a down payment. He also introduces the Pass Go approval, a pre-approval letter that gives borrowers a competitive edge in the market. McKinley emphasizes the importance...

Kenner French and Jake Goldfarb discuss hard money loans, a type of private lending that is often used by real estate investors and entrepreneurs. They explain that hard money loans are short-term, secured loans with higher interest rates than traditional bank loans. They discuss the advantages and drawbacks of hard money loans and provide examples of situations where they can be beneficial. They...

As a business owner, if you decide to apply for SBA-backed financing, you will need to follow these steps: 1. Identify Your Needs. When purchasing real estate, determine what you must spend to get the type of building your firm needs. If you anticipate buying a facility that requires renovation, add these costs to the project and, if approved, the SBA will finance 90% of the total amount. If you n...

R. Kenner French interviews David Sanghera, an entrepreneur who runs an E-Commerce holding company. They discuss David's journey in entrepreneurship and share valuable tips for entrepreneurs looking to expand their businesses. They cover topics such as performance marketing, tripwires for professional services firms, using iMessage for quick response, setting up communities for entrepreneurs,...

DJ Shirley, the owner of Speak Loud Group, shares insights and tips on digital marketing and advertising for small and medium-sized businesses. He emphasizes the importance of understanding AI in marketing but highlights the need for a human element in content creation. He discusses the key elements of effective email marketing, including consistency, purpose, and value-driven subject lines.  He a...

Kenner and Michael discuss a case study where they help a client lower their tax liability. The client had been over-contributing to their 401k and needed assistance in fixing the mistake. Kenner explains that they can go back to 2023 and do an amendment to correct the over-contribution. They also discuss the possibility of setting up a defined benefit plan to further lower the client's tax l...

In this conversation, Kenner interviews Jayson Lowe, the chairman of the Lowe Family Group of Companies. They discuss the concept of infinite banking and how it can benefit entrepreneurs and real estate investors. Jayson explains that infinite banking involves using dividend-paying whole life insurance policies to create a personal banking system, allowing individuals to become their own bankers....

Scot Poirier specializes in creative financing and owner financing, which involves using someone else's debt or asset to make money for investors. He shares an example of a house he bought using owner financing and how he made money from it. He explains the process of having a conversation with the seller to understand their motivation and see if he can help them achieve their goals without u...

Marv and Victoria McGuire discuss their experience in multifamily investing and syndication. They share their background in real estate and their transition to multifamily investing. They highlight the challenges of managing single-family homes and the benefits of scaling with multifamily properties. They also discuss their underwriting process and the criteria they use to select deals. Marv and V...

In this episode, the host discusses the importance of artificial intelligence (AI) in business and how it has revolutionized the landscape. The recent announcement by OpenAI about incorporating search into their chat GPT system is highlighted, which will now compete with Google's search and AI capabilities. The host emphasizes the significance of this development for entrepreneurs, particular...

This episode discusses tax deductions for business owners and provides an overview of the tax advantages of owning a business. It covers deductions for business expenses, home office expenses, capital expenditures, and lower tax rates on business income. The conversation also highlights the top five commonly missed deductions for entrepreneurs, including the home office deduction, vehicle expenses...

R. Kenner French and Liliana Falconer discuss the top three things that new entrepreneurs need to do to set themselves up for success. The three main themes are: passion, preparation, and business structure. They emphasize the importance of being passionate about what you want to do as an entrepreneur, as it will help you push through tough times. They also highlight the need for preparation, both...

JJ Childers, an expert in asset protection, estate planning, and tax reduction, discusses the importance of working with a knowledgeable professional in these areas. He emphasizes the need for proper asset protection strategies, such as setting up legal entities and insulating assets from liability. Childers explains that the complexity of these strategies requires the expertise of someone who und...

Kenner French interviews Angela Langlotz, a trademark and copyright attorney, about the importance of protecting intellectual property, specifically trademarks. They discuss the process of acquiring trademark and copyright rights, the benefits of proactive planning, and the potential consequences of not protecting one's intellectual property. Angela emphasizes the need for entrepreneurs, incl...

Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Many self employed small business owners are rushing to do the same. With the fact that 401(k) assets can now be invested in cryptocurrency they are hot right now. For owners of profitable one-person business operations, a relatively new retirement plan altern...

Learning about AI is crucial for staying relevant in any industry. Brilliant.org offers a gamified approach to learning AI in just a few minutes a day. Employing AI can help businesses grow and become market leaders. It's important to stay updated on AI advancements to avoid being left behind. Quantum computing will further revolutionize AI. Brilliant.org can be used by teams to enhance the e...

This episode discusses tax deductions for business owners and the advantages of owning a business. It covers various types of deductions, including deductions for business expenses, home office expenses, and capital expenditures. The episode also highlights commonly missed deductions for entrepreneurs, such as the home office deduction, vehicle expenses, and meals and entertainment expenses. It em...

Bob Bluhm, an expert in asset protection. He discuss the importance of structuring your business as an entity, such as an LLC or corporation, to separate personal and business assets. He also highlight the risks of operating as a sole proprietor and the benefits of having proper asset protection. Bob emphasizes the need for a properly structured and documented entity, as well as the importance of...

Jake Goldfarb discusses the importance of utilizing debt with investments in commercial property. He highlights the advantage of leveraging other people's money and finding the right financing solution. He mentions an unsecured single-family rental-focused line of credit as an example. Jake also talks about construction loans and the use of draw schedules. He mentions the availability of hist...

Asha Mankowska, a business mentor and consultant, shares valuable insights on scaling a business and increasing profitability. She emphasizes the importance of establishing a market dominating position and focusing on profitability rather than just revenue. Asha also discusses the significance of attracting the right clientele and optimizing lead conversion. She provides a four-step conversion equ...

In this podcast episode, Kenner French interviews Michael Albada, an expert in AI and cybersecurity. They discuss the importance of AI in improving productivity and the potential risks of cyber attacks. Michael shares his background in computer science and statistics and emphasizes the need for responsible AI development. They also explore the challenges of cybersecurity and the measures that smal...

This conversation discusses six simple ways to lower tax liability for entrepreneurs. The main themes include income splitting, shifting income, shifting deductions, deferring tax, tax deductible expenditures, and tax-exempt investments. Each theme is explained in a simple and legal manner, emphasizing the importance of consulting with a tax professional. The conversation provides practical strate...

Howard discusses the concept of measurable marketing 📊 and the importance of setting goals and tracking results 🎯. He emphasizes the need for solopreneurs and entrepreneurs to have a clear brand, effective messaging 💬, and valuable information to attract and retain customers. He also highlights the significance of customer reviews 🌟 and referrals in building a strong reputation. Howard suggest...

Many people are unaware that they can invest real estate assets in their IRA. Kurt Power from Quest Trust Company joins the conversation to shed light on this topic. Financial advisors often don't inform their clients about this option, either because they are unaware or because they have their own interests in mind. Quest Trust's mission is to educate people about the possibilities of i...