Founder, https://xitter.cf/t.co/kWULicRP32 (AI bookkeeping, 100+ RE clients) / Buying 1 firm per quarter / 8 rental doors / Host, Scaling Made Simple 🎙️

Joined April 2015
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Going to start filming some NYC podcast episodes for our pod - Scaling Made Simple. Who are the people you recommend in NYC? – at New York, NY
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Is the west village the most performative place on earth?
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Day one at my new lake house, two neighbors walk over First question: "You're not planning to do Airbnb here, are you?" I'd been told nightly rentals were totally fine Turns out they were trying to get them banned Switched it to 30-night minimums Welcome to the neighborhood lol
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One of your jobs as a business owner is to pay as little tax as possible Not because you want to break the law or don't love your country, but your competitors are doing it What this really means is, like anything in business, they're maximizing on another efficiency that leads to them having an advantage Being able to hire more people, spend more on advertising, coaching, consulting. Paid for by savings and deductions instead of finding new clients My mentality used to always be: I'm just gonna make more. I don't care really about the expenses (silly) Of course there's no cap on income the way there is a cap on what you can save, but it truly is fascinating to see how many businesses have bloat that don't even know it, and tax efficiency is included in that Examples. Let's say your business makes $250k Here’s how you could save about $70k in taxes, legally: - Switch to an S-corp: save about $9k - Put $50k in a Solo 401k: save about $18k - Take the 20% business owner deduction: save about $8k - Have your business pay you back for your home office, phone and miles: save about $3k - Rent your house to your business for 14 days: save about $5k - Write off your health insurance: save about $6k - Pay your state tax through the business: save about $4k - Hire your kids: save about $3k - Buy a big SUV or work truck for the business: save about $24k - Building software or AI tools? Claim the R&D credit: save about $9k - Buy a short-term rental and do a cost seg: save about $46k
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No matter what business you’re in, owning real estate will benefit I realize that the longer I do non real estate businesses What I do is take cashflow from non real estate businesses to buy 1 rental a year. It does a few things. 1. Amazing tax benefits 2. It’s fairly ai proof 3. You can make decisions from a 5 year horizon instead of 5 day horizon because you don’t need to be profitable immediately
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I guess it would be a bad idea to tell my Airbnb guests to go feed them ya? – at Asheville, NC
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That’ll do
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Epic day with @NotGoKGreen Go check her out
DITL of a Fractional CFO & Real Estate Investor - Jon created a fully autonomous Claude agent that manages his entire recruiting and hiring process including outreach, messaging, scheduling, and vetting - He also paused his meeting to show me as it was working in real time haha
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This is what it’s all about Make a post in the morning, make a new friend that afternoon And @millenrastogi is a killer. Super humble. Has a team of 150 buying and operating healthcare businesses More to come
this is why X is special connected with @jonjfarb yesterday, met for coffee today and chopped it up
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I noticed the nyc baristas are doing this new thing where they stare your down as the: 20% 25% 30% Tip option appears on an $8 latte you just purchased I wonder if they started listening to Hormozi and trying to increase ltv
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If you are a founder / entrepreneur in NYC, hit me up. I am going to start hosting events / meetups / masterminds. If you want in, comment / dm ⬇️ – at New York, USA
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The worst is when you meet someone from X in real life and realized you were vibing with their ghost writer content the whole time and now you have to meet the real life version and talk to that person who has no personality Twitter catfishing hits hard lol Happy Monday @X family
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jon retweeted
Replying to @jurlycat
We’re animals on a spinning rock with made up rules
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Maybe I’m a weirdo but I’ve never romanticized what we do for work? We provide a service that is - needed and helps people. I think we do it well, and I take pride in that but I’m always fascinated by what people say about their business. “We’re making a dent in the universe” Brotha you sell a course to people who need Klarna financing and never even get through the first module
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Great to catch up with @NotGoKGreen and learn about what she’s doing with @hi_samslist and other projects. Her company and community have grown insanely fast and after meeting her it’s obvious why. She’s a beast. It’s so cliche, but maybe NYC is actually the center of the universe? This week I’ve met more founders / creators IRL than I have in years. But than again, I’ve been here 5 minutes so time will tell.. **Also - if you’re a founder in NYC and want to connect. I’m going to be throwing some dinners / masterminds starting next week. If you want in, shoot me a dm or comment ⬇️
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If it was warm year round in New York the rents would be $1 million dollars We should actually be grateful actually the winter sucks – at New York, USA
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Anyone here? At creator connect nyc @SpaceX @bot #creatorconnectnyc – at Manhattan, NY
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My CPA cost me $24k Back in 2021 i hired a popular online CPA. I was hyped, paid, did an onboard, got setup 2 weeks later….I can’t reach the actual person, or anyone on their team Replies took forever And to do calls it was $250 per (ps if your bk or cpa ever does pay per call fire them immediately) My return got filed with basically no review. Missed a ton of expenses from setting up my properties Never thought about it again Years later a new CPA calls me. Asks me about missing expenses. I didn’t know what that meant. Took 3 years of refiling and digging up receipts to get the money back Thats the reason I started a bookkeeping company I needed a solution for my own problem and the bar was just so dam low Anyone else have an experience like this?
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I’m 33 Founder of a bookkeeping + CFO firm (and buying up other firms) Real estate investor Just moved to the West Village for the fall Looking to meet more NYC founders, builders and real estate people Let’s connect
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