75 min listen
625: Live Takes: How to Tackle the Tax Man by Buying More Real Estate
625: Live Takes: How to Tackle the Tax Man by Buying More Real Estate
ratings:
Length:
68 minutes
Released:
Jun 21, 2022
Format:
Podcast episode
Description
Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only common in the world of real estate investing but can be very lucrative in almost eliminating your yearly tax burden. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property?We’re back again with another Live Takes episode, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about how to reduce self-employment tax, finding a mentor when you’re brand new to the investing game, what happens when partners disagree on where and what to invest in, and how to maximize depreciation on a cash-flowing property.Do you have a question you’d love to ask David? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!In This Episode We Cover:How real estate professional status can greatly reduce your tax burden (if you qualify)Why smart investors look at their income before buying their next property The most valuable thing a new investor can bring to a mentorHow to know when to pivot investing strategies and the bright side of “shiny object syndrome”What to do when you and an investing partner can’t reach a compromise Building and buying depreciation so you can keep more of your cash flowAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022David’s YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceSubscribe to The “On The Market” YouTube ChannelDavid’s BiggerPockets ProfileDavid's InstagramDave's BiggerPockets ProfileDave's InstagramUnderstanding Rental Property Depreciation9 Simple Steps to Finding the Best Real Estate Mentor for YouHenry's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jun 21, 2022
Format:
Podcast episode
Titles in the series (100)
#19: Short Sales Tips, Starting Out in Real Estate, & Working w/ Virtual Assistants with Tracy Royce: On today's episode of the BiggerPockets Podcast, we are joined by Arizona real estate investor Tracy Royce to discuss all things related to short sales, getting started, and the best ways to run your real estate investing business. This show has a ton... by BiggerPockets Real Estate Podcast