11. Four Key Aspects of the New Tax Law That Affects Real Estate Investors

Jan 31, 2018

While you were enjoying your Christmas break, the GOP was hurrying to pass a massive tax bill. And they succeeded.

In this episode, I’m breaking down some of the components of the tax bill, 2018 tax law changes and talking about how they will affect real estate investors.

Your tax situation is about to change drastically. Listen to this real estate tax code information so you’re not caught without a plan in 2018.

Episode 10: Exploring New Markets With Marco Santarelli

Nov 22, 2017

How do you pick a market to invest in? That’s what we’re exploring today with our guest, Marco Santarelli.

Marco owns Norada Real Estate Investments, an investment company that invests in markets all across the U.S. Marco has a keen sense for choosing the right market, and the right neighborhood.

In this episode, we cover:
– Marco’s background in real estate investing
– How Marco chooses a market
– Data sources and indicators to pay attention to; and
– Once you’ve chosen a market, how to go about choosing a neighborhood to invest in.

Though these real estate investment market tips are a departure from our typical “tax-only” podcast, I’ve written about investing at a distance and choosing markets in the past and wanted to bring on an expert that can give you concrete steps to invest in markets you may not know much about.


09. Introducing the BARRRR Method

Oct 19, 2017

In this month’s episode we are discussing the BARRRR method, which is a twist on the BRRRR method, and why advertising rental property is a crucial component of placing your property into service. Most investors think that they should advertise their property for rent after they are done with their rehab. We explain why this may not be a best case and provide arguments for why you should begin rental property advertising prior to, or during, the rehab.


08. The Real Estate Professional Status

Jul 20, 2017

In this episode we discuss the Real Estate Professional tax status. What is a real estate professional? What is it not? And when can (and should) you use this tax status to your advantage.

We define what a Real Estate Professional is and how to qualify. We also launch into a couple examples of great times to use the Real Estate Professional status. Non-working spouses and cost segregation studies will allow us to qualify for the Status and maximize single year write-offs.

We also discuss how you should track your time to audit proof your return.


Episode 7: Top Tax Mistakes Real Estate Investors Make

Jun 12, 2017

Weeeeee’re back! Due to the overwhelming encouragement of clients and non clients, I’ve decided to jump back on the content (specifically podcasts) and get information out there for you to consume. We’ve revamped the podcast to give it that sexy, but not “suit and tie” feel. Let me know how you like it by emailing me at [email protected]

June’s podcast goes over three of the ten top tax mistakes I wrote about here that I commonly see. This real estate investment information specifically dives into:

  1. Why you cannot deduct your monthly escrow payments (insurance and property taxes).
  2. Why 529 plans STINK if you’re a real estate investor or a business owner.
  3. When you should, and when you shouldn’t, pursue a 1031 exchange (and a 5 minute trick that could save you thousands of dollars).

I hope you enjoy this episode about the top real estate tax mistakes. Like I said, drop me a line at [email protected] if you like what we’ve done or if you have topic suggestions.


Episode #6 – Using Cash on Cash Return in Your Real Estate Investments

Jun 27, 2016

Cash on Cash return is a popular metric used by real estate investors of all levels. Today we discuss how useful the cash on cash return real estate metric is, when you should use it, and the pitfalls you shouldn’t ignore. We also discuss alternative metrics for evaluating investment performance that you can use in your real estate business.

This podcast stemmed from an article I wrote for Bigger Pockets which you can see here: https://www.biggerpockets.com/renewsblog/2016/06/10/cash-on-cash-return-2/

Episode #5 – Rental Property Improvements and Taxes

Jun 19, 2016

Rental properties break down. At some point, you’ll have to make the decision to make minor repairs or a completely replace building components. Rental property improvements vs repairs have significant tax implications, some of which we talk about today.

I share my personal story about turning over one of my own units. I walk you through the thought process of a landlord and a CPA who wants to maximize rental property tax deductions and subsequently my returns.

Related: Are Home Improvements Tax Deductible

Episode #4 – Using LLCs In Your Real Estate Business

Jun 14, 2016

We’ve talked about forming a limited liability company and today’s show focuses on whether or not you should use an LLC for investment property as an investor or a flipper. We start off with a crazy story which we hope none of you ever have to personally go through and we then follow it up with a tax and accounting look at how starting a real estate investment LLC can affect your business.

Specifically, we discuss:
– How an LLC affects your tax situation;
– Why some flippers open and close an LLC per flip;
– What the cost implications of partnerships and S-Corps are.

Please leave us a review on SoundCloud and like us on Facebook and follow us on Twitter. If you have any podcast ideas, please send them to contact @ therealestatecpa.com.

Episode #3 – House Hacking: The Tax Side to Living for Free

Jun 6, 2016

Join us for Episode 3 which goes into details about what house hacking is, why it makes financial sense, and also what the tax implications of house hacking are. We talk about why house hacking is great from a tax perspective, and why you should also tread with caution. You’ll learn what you should be considering prior to making that purchase and going through with house hacking. Learn how to live for free and don’t get caught in a tax trap that could have been avoided by listening to this episode!

The Higher Earner vs. The Smart Investor: Who’s Better Off Financially? [A Case Study!]