Wealth Ability- formerly ProVision - Tom Wheelwright

[Rylan Zwanziger]

I'm looking into some better guidance into tax planning and a new CPA as I grow my real estate business.   Has anyone worked with Tom Wheelwright's ProVIsion or now Wealth Ability?  I had a consultation with them and have read Tax Free Wealth and think they would definitely be able to help me.  Sounds like its a $4k tax planning fee and then they do your taxes as well for an additional fee.  Looking for experience with these guys or other suggestions to look into.

Quick Bio:

I live in Iowa and currently have an LLC with rental properties, farm, sell insurance, and have a w-2 job so I just feel as if I'm in need of some good tax planning but also a CPA that has had experience with farmers.

[Jason Howell]

Originally posted by @Rylan Zwanziger:

@Spencer Stensrude  Thanks for the recommendation, I'll maybe reach out to Eric.

@Chase Keller  Have you gone through the strategy implementation yet?  If so how was that experience? Valuable? To me once I would pay the $4k and then they would reach out and work with a team on developing a tax strategy/plan.

Hey there! You may have already made your decision on this cause the thread is a few months old. But in case you haven't, and for all those appearing here after the fact:

My wife and I signed on for the ProVision strategy planning a year ago. We knew we wanted professional direction. We had a lot of ambition with what we wanted to do in real estate investing, and also knew it would help with my wife's business too. It took us four months (or so) to complete the strategy planning. Regular 1-1.5hr long phone conference meetings with two specialists that were assigned to us (and we still keep in touch with as questions arise to this day). Each session focused on a different aspect of building our own personal wealth strategy. A reasonable amount of homework (stuff to watch/listen to, informational forms and worksheets to fill out... basically forces you to really THINK about what it is you want to achieve so it can all be mapped out and make sense as an actual plan). 

It accomplished exactly what my wife and I hoped for: Got us taking directly (with them and ourselves) about what our broad goals were, and beyond that the baby steps that would take us there. Both short term and long term. It was pricey. We could justify it since it wasn't just for our real estate investing on the side but also beneficial to her own business.

We had ProVision do our tax preparation this year. This is our first tax year with any sort of real estate investments on there to influence our tax hit for 2017. Let's just say that ProVision really maximized our return. We are incredibly happy. We also have a meeting set up with them to chat for a half hour in order to ask questions about what pieces of our return were most influenced by what elements of our businesses... we want to understand the mechanics that made this year so good so we can replicate next tax year.

All in all, we are very happy and highly recommend ProVision (if I'm not mistaken, ProVision and Wealthability are two separate businesses... At least, we still work with ProVision, and Wealthability *seems* to be something else... I'm not entirely sure where those lines are drawn.)

If you have any more questions, hit me up! Happy to help.