#427 Top 5 Real Estate Tax Strategies
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 5 May 2023
⏱️ 28 minutes
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| 0:00.0 | I know some of you have got your S-Corp strategy down, but you may not. The real estate professional, |
| 0:04.3 | always a standard. The short-term rental loophole, cost seg, and the new bonus depreciation of 80%. |
| 0:10.5 | The 1031 exchange, always a classic. It's just like cremele on the dessert menu, the little |
| 0:16.3 | things, things that a lot of real estate investors miss. Welcome everybody to this week's episode of the Main Street Business Podcast, soon to be |
| 0:24.9 | the Main Street show. |
| 0:26.2 | So excited to be here with Matt Sorensen. |
| 0:28.2 | For all you real estate investors, this is the podcast. |
| 0:31.3 | This is the video you want to watch to kind of just check some boxes off and make sure |
| 0:35.8 | your tax strategies are in place for |
| 0:38.4 | 2023. I mean, Matt, could you think of a more fun thing to do than to just talk, |
| 0:42.8 | I mean, I'm going to save money in 2023. I mean, you know why it's fun is because it's more |
| 0:49.2 | talking about more money in your pocket, less money going to the IRS. Okay. So that's what's fun to me. I love it. And you know what, |
| 0:57.9 | everyone, tax strategies create deals. They create opportunities because when you're savvy with tax |
| 1:06.6 | strategies, the buyer or seller you might be interacting with, the promoter, the broker, the agent, |
| 1:14.5 | the manager, whoever you're dealing with, when you're savvy to know what your in game is |
| 1:22.3 | and you're more educated, things just are crisper and cleaner. And I think you can make better decisions too. |
| 1:29.8 | Yeah, I mean, it's funny you say that, you know, we were even, |
| 1:33.5 | Mark and I have been talking about buying some real estate ourselves. |
| 1:35.9 | I'm negotiating a deal on a commercial property. |
| 1:39.2 | And we're talking tax strategies to the seller. |
| 1:42.8 | One of the issues the seller had was, I don't know what |
| 1:45.9 | I'm going to do with all the money and paying all the taxes on it. Like, we could do an installment |
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