Episode 14: Clarifying The Tax Benefits of Rental Real Estate

About Thomas Castelli

Thomas Castelli is a Tax Strategist and real estate investor, who helps other real estate investors keep more of their hard-earned dollars in their pockets and out of the government's.


  1. Tatyana Shevnina on September 17, 2018 at 12:16 am

    Hi Thomas,

    First off, I really like the podcast. You guys have awesome content. So, thank you!

    In episode 14, I disagree that depreciation is a cash-free expense. We pay for depreciation either via mortgage principal or at acquisition if it’s an all-cash transaction. If there is a mortgage, positive cash flow in your example (10K income, 6K operating expenses, 5K depreciation) would be much less than 4K due to principal payments unless it’s an interest-only loan. You can make an argument that you are paying yourself and building equity, but, to me, it’s still not entirely a cash-free expense.

    Cheers and looking forward to more episodes.

    • recpanew on October 25, 2018 at 10:18 pm

      HI Tatyana – great point!

Leave a Comment