Stop Leaking Money to the IRS and Start Building Real Wealth with Brian Boyd | 82

In this episode, I sit down with Brian Boyd — tax attorney, real estate investor, and author — to break down what most accredited investors are missing when it comes to the intersection of law, tax strategy, and wealth building. Brian is a partner at Thompson Burton in Franklin, Tennessee, where roughly 90% of the firm's work is real estate-related, from syndications and 1031 exchanges to development and land use.⸻Episode Highlights[0:00] – Opening clip: losing two duplexes to a COVID shutdown — and why you can't control everything[2:08] – Brian's background: tax attorney, author, and real estate investor based in Franklin, Tennessee[5:21] – His philosophy: minimizing tax leakage and reinvesting into income-producing assets[6:47] – The real difference between your CPA and your attorney — and why strategy has to come before tax season[11:35] – How accredited investors should think about entity structure before entering a 506 syndication or fund[12:21] – The case for always having a liability shield — and why it creates flexibility to bring in partners later[13:42] – When is the right time to meet with a tax attorney? The earlier the better[14:34] – Walking through a real client example: building out a GP/LP structure from scratch[16:15] – The education gap: helping investors understand how money actually flows in a syndication deal[22:01] – Cross-border complexity: foreign investors, domestication issues, and prohibited ownership[23:27] – Delaware vs. Wyoming entities: what actually matters (and what doesn't) for syndication deals[24:03] – Investing through irrevocable trusts: how the tax treatment works for beneficiaries[25:08] – Building the right wealth team: attorney, CPA, bookkeeper, insurance agent, and financial planner[29:25] – Building a coin laundry to shelter income and create a new revenue stream[34:02] – Brian's due diligence process: numbers first, operator experience second, tax efficiency third[36:17] – State-level tax considerations: Tennessee franchise and excise tax, and how to navigate it in different markets[43:34] – Replace Your Income: A Lawyer's Guide to Finding, Funding, and Managing Your Real Estate — what's inside[45:10] – Where to find Brian and how to connect with the firm⸻5 Key TakeawaysYour CPA looks backward — your attorney looks forward. Tax strategy has to happen before the year ends, not after.Never hold real estate or investment assets in your personal name. A liability shield also gives you flexibility to bring in partners and grow.Entity structure matters before you enter a deal — setting up the right LLC or fund structure from day one makes everything downstream cleaner.Stress test every deal you consider. Look at best case, worst case, IRR, cash-on-cash, and the local tax environment before committing capital.Multiple income streams are the path to freedom — Brian went from burnout at 50 Saturdays a year to a growing portfolio funded largely by tax savings reinvested into assets.⸻Links & ResourcesThompson Burton – thompsonburton.comConnect with Brian Boyd: Instagram, TikTok, Facebook, YouTube – search Brian T Boyd or Brian Boyd Tax LawyerEmail Brian: [email protected] Your Income: A Lawyer's Guide to Finding, Funding, and Managing Your Real Estate – available on Amazon and Barnes & NobleMentioned Topics: Tax attorney vs. CPA roles, LLC vs. S-Corp for real estate, 506(b) and 506(c) syndications, 1031 exchanges, 721 uprights, DSTs, cost segregation, bonus depreciation, oil and gas leases, irrevocable trusts, infinite banking, real estate professional status⸻If this episode gave you clarity on the legal and tax side of building real estate wealth — or helped you think differently about how to structure your investments — make sure to follow, rate, review, and share the show. It helps us reach more accredited investors who are serious about growing the right way.