370: Tax Hacks to Juice Your ROI with Amanda Han and Matt MacFarland

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 20 February 2020

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Get to know enough CPAs, and you'll hear the "light bulb" story. "I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'" Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for! That's the focus of today's episode AND the new book (out today!) from Amanda Han and Matt MacFarland: "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors." You'll hear Amanda and Matt break down the basic concepts you need to understand in order to reach your goals, outline the questions you should ask your CPA, and take on the notorious "Do I need an LLC?" question. You'll also learn about more complex strategies like advanced/bonus depreciation, Opportunity Zone investing, and 1031 exchanges... plus, how short-term rental investors and flippers can optimize their tax strategy. This episode is packed with free information that is literally valuable—meaning it could save you thousands, or tens of thousands, of dollars! Download this one, check out the book, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show. In This Episode We Cover: How Amanda and Matt ended up doing tax/real estate What they do and how they help clients What their new book is all about How to save tons of money in terms of taxes Best time to work with a CPA How an LLC plays into a real estate investor’s life 3 benefits of working with a professional Importance of having a system in place with the help of tax and legal advisors How cost segregation comes into play Who does a cost segregation study Other things investors should not do on their own Why it pays to be cautious when it comes to 1031 exchanges Why buy and hold is preferable over flipping from a tax perspective Cool things about short-term rentals from a tax perspective What an Opportunity Zone is and why it matters What a flow-through entity tax break is And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Explore Companies on BiggerPockets BiggerPockets Bookstore IRS Website Check the full show notes here: http://biggerpockets.com/show370 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the BiggerPockets Podcast Show 370.
0:04.0	There are so many tax loopholes, especially designed for real estate investors.
0:08.6	So it's just a matter of making sure you're taking advantage of them.
0:12.4	And of course, with the recent tax reform,
0:15.0	that's just been even better
0:16.6	for real estate investors of all types.
0:18.9	So yeah, definitely, it's just a low-hanging fruit
0:21.6	for all investors to make sure you capitalize on those tax savings.
0:25.6	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small. If you're here looking to learn about real estate investing
0:35.0	without all the height, you're in the right place. Stay tuned and be sure to join the millions
0:40.4	of others who have benefited from BiggerPockets.com.
0:44.0	Your home for real estate investing online.
0:47.0	What is going on everyone? This is Brandon Turner, host of the BiggerPockets podcast here with my co-host Mr David Green
0:56.7	David the Tax Man Green what's up buddy? Yeah I'm anything but the Tax Man as
1:01.7	people will realize when they listen to today's show but I'm anything but the tax man as people will realize when they listen to today's show but
1:04.7	I'm becoming a tax man and that's all that's important.
1:07.1	Every day I'm getting better.
1:08.1	There you go that's awesome.
1:10.1	Well today's show is about taxes but not in the way you might think.
1:13.5	We don't just sit there and drill the tax code into you guys.
1:15.9	It's actually full of stories, full of tips, ideas.
1:18.6	We talk a lot about opportunity zones, 10, 31 exchanges, cost segregation. Those are all big words but we break them down and
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.