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Main Street Business

#427 Top 5 Real Estate Tax Strategies

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 5 May 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

Mark and Mat Talk Real Estate Strategies on this weeks episode. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Mai...

Transcript

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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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