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Real Estate Wealth Building Strategies: How Brian Boyd Protects Assets and Grows Wealth

Writer's picture: Addison ThomAddison Thom

A table with a calculator, a glass bottle tipped over with change coming out, a pair of glasses, a corner of a laptop all behind a sign shaped like a house with the words "time to invest" written

In this episode of Anyone Have a Pencil, we sit down with Brian Boyd—an asset and tax law expert with a wealth of real estate investing experience. Brian shares his journey from a corporate tax attorney at a prestigious firm to becoming a successful entrepreneur and real estate investor. His story is inspiring and packed with practical advice for anyone looking to maximize their tax benefits, protect their assets, and create a legacy of wealth. Brian’s insights are invaluable, whether you’re just starting or a seasoned professional seeking new strategies.

 

We cover it all: how to set up your LLC correctly, the nuances of tax policies, strategies to defer capital gains, and even how to utilize loopholes like the Short-Term Rental Rule and the Augusta Rule. As Brian shares his knowledge, one theme stands out: financial literacy is the key to building and preserving wealth. By understanding the tax code and structuring your investments wisely, you can leverage the same tools the wealthy use to protect and grow your finances.

 

If you’ve ever felt overwhelmed by complex tax jargon or hesitant to dive into real estate, this episode is for you. Brian’s advice is straightforward and easy to digest, making this blog post a comprehensive guide for anyone looking to enhance their financial IQ. Let’s dive in!

 

A house model siting on top of a bluepring that shows the prints to the bath area

Key Takeaways: The 5 Wealth-Building Strategies Brian Boyd Shared in This Episode 


Throughout the episode, Brian breaks down some of the most impactful strategies for building and protecting wealth, using real estate as a primary tool. Here’s a closer look at the top five insights Brian shared to help investors—from beginners to pros—make smarter decisions and maximize their financial outcomes.

 

1.        The Foundation of Financial Success: Asset Protection and Tax Strategy 


Early on, Brian discusses his unexpected leap into entrepreneurship, which forced him to tackle tax issues head-on. As a former W-2 employee turned entrepreneur, Brian’s first few years were spent navigating the complexities of managing taxes for a business owner. His learning curve was steep, but the turning point made him realize how critical asset protection and tax strategy are for any business owner or investor.

 

 “I always thought I’d be at a law firm, make partner, and not have to really worry about the problems. But when you’re on your own, suddenly you’re like, ‘Oh my God, I owe taxes.’”

 

He explains how to prevent costly tax mistakes by setting up suitable structures. According to Brian, setting up a proper LLC is one of the first steps to shield personal assets and maximize tax efficiency. He stresses the importance of working with a professional to ensure your LLC is set up correctly and in the right state to take advantage of tax incentives and protections.

 

 “Don’t try to save a few bucks by setting up a LegalZoom LLC in your home state. Talk to a tax attorney who understands real estate—doing it right on the front end will save you a ton on the back end.”

 

 Why This Matters: 

For many business owners and new investors, understanding the basics of asset protection can prevent the devastating loss of personal wealth due to lawsuits or unforeseen liabilities. A properly structured LLC separates personal and business assets, a crucial step in building long-term financial security.


 

2.        Real Estate: The Ultimate Wealth-Building Tool 


Real estate has long been a favored investment vehicle for wealth creation, and for good reason. Brian highlights that nearly 80% of American millionaires created wealth through real estate. Why? Because real estate offers unique opportunities to leverage tax advantages and build generational wealth. With strategies like cost segregation and 1031 exchanges, real estate investors can defer capital gains, depreciate assets faster, and, in turn, keep more of their money working for them.

 

 “Real estate is the number one vehicle for growing wealth in America. It’s a tax shelter. It’s a store of value. And it’s the only asset class that creates more millionaires than any other.”

 

Brian shares a story about a client who turned his initial $500 payments into a $70 million real estate empire by using these strategies to build wealth strategically. This client used the power of real estate to create cash flow, reduce tax liability, and continue expanding his portfolio.

 

 Actionable Advice: 

Brian encourages listeners to start small. Whether it’s house-hacking, buying a duplex, or investing in your first rental property, the goal is to get started. Aim for properties that can pay for themselves, then expand as you grow more comfortable. The key is to let your properties work for you by leveraging the tax benefits of owning real estate.

 

A hand holding a pen reviewing a contract with a gavel, law book and balance on the table

3.        The Power of Structuring Your Investments Properly 


Much of the episode focuses on setting up suitable entity structures, particularly LLCs. Brian points out that many new investors overlook the long-term implications of poor entity structuring, which can lead to issues like double taxation, complications with 1031 exchanges, or even personal liability in the event of a lawsuit.

 

 “Setting up an LLC in the right state, with the right protections, can make or break your portfolio. Get it right from the beginning.”

 

He explains why tax-advantaged states like Delaware, Wyoming, and Tennessee are ideal for setting up LLCs, as they offer better protection and lower tax burdens. The proper setup will provide anonymity, protection from lawsuits, and a way to separate personal and business liabilities.

 

 Why This Matters: 

The wrong setup can be costly in more ways than one. Beyond taxes, an improperly structured LLC can expose your personal assets to lawsuits, make it difficult to scale, and even cause issues with estate planning. Getting professional advice is crucial to avoid these pitfalls.


 

4.        Preparing for Potential Tax Policy Changes 


The upcoming presidential election has everyone talking about possible changes to the tax code, and Brian provides a level-headed analysis of how these could impact business owners and investors. From bonus depreciation dropping to 40% next year to potential increases in corporate tax rates, understanding these shifts can help you plan proactively.

 

 “The middle class, for the most part, aren’t seeing changes to their brackets, but everything around them is changing. Bonus depreciation is set to drop, and there’s talk about increasing corporate taxes—understanding these shifts can help you pivot your strategy.”

 

Brian suggests reviewing your current tax strategy and consulting with your tax professional to ensure you’re prepared. If bonus depreciation is set to drop, purchasing new equipment or properties now might make sense to take full advantage of the 100% deduction.


 

5.        The Short-Term Rental Loophole and Augusta Rule: Game-Changers for Real Estate Investors 


Brian breaks down two often-overlooked opportunities for tax benefits: the Short-Term Rental Loophole and the Augusta Rule. The Short-Term Rental Loophole allows property owners to qualify for real estate professional tax benefits without meeting the typical 750-hour requirement. You only need to spend 100 hours a year managing your property, which can be a game-changer for investors with a working spouse.

 

He also dives into the Augusta Rule, which allows homeowners to rent out their personal residence for up to 14 days a year tax-free. This strategy can add thousands of dollars to your pocket without triggering any taxable event.

 

 “You don’t need to be a lawyer or CPA to understand these rules—you just need to know they exist and use them to your advantage.”

 

Why These Strategies Work: 

Real estate provides a unique intersection of asset appreciation and tax benefits. By utilizing these loopholes, even small-time investors can significantly reduce their tax burden, making real estate one of the best tools for building wealth.

 

A hand hold a pen to a rental agreement with a pair of house key sitting on top of the agreement

Brian Boyd’s conversation on Anyone Have a Pencil is more than just discussing asset protection and tax law—it’s a masterclass in building and preserving wealth. Throughout the episode, Brian breaks down complex topics into actionable strategies anyone can apply, from young professionals looking to build a solid foundation to established investors wanting to protect their assets.

 

His approach is simple yet powerful: “It’s not about hitting home runs on every deal. It’s about consistent, smart investing that builds a strong foundation over time.” Whether you’re setting up your first LLC, exploring real estate opportunities, or fine-tuning your tax strategy to prepare for upcoming policy changes, Brian’s insights are rooted in real-world experience and a deep understanding of the tax code.

 

With this episode, Brian helps demystify asset protection and gives listeners the confidence to take the first step toward creating generational wealth. He emphasizes that you don’t have to be a financial guru to understand and benefit from these strategies; you just need the willingness to learn and the proper guidance.

 

If you’re looking to secure your financial future, make your first real estate investment, or simply protect the wealth you’ve built, Brian’s episode offers the insights you need. He succinctly says, “Get it right from the beginning, and let your money work for you—not the other way around.”

 

A hand holding a single house standing in front of their new house

Want to explore Brian’s strategies and gain more insight into real estate investing and asset protection? Check out the full podcast episode, here. Hear firsthand how you can use real estate and the tax code to your advantage and take actionable steps toward financial freedom.

 

Follow Brian on his social channels and YouTube for regular updates and actionable tips on navigating tax laws and building wealth. Don’t miss out on his new book for an in-depth guide to asset protection and real estate investing strategies!

 

Ready to take your first step towards building generational wealth? Listen to the full podcast episode on Spotify or your preferred podcast platform, and start making your money work for you today.


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