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How to Eliminate Your Taxes By Qualifying as a Real Estate Professional
Manage episode 289472729 series 2907657
Sisällön tarjoaa JC Castillo. JC Castillo tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
Is it really possible to eliminate your taxes as a real estate investor?
You can if you qualify as a Real Estate Professional (REP) under IRS regulation.
SPOILER ALERT
There's mass confusion on how it works and using it improperly could cost you huge dollars in back due taxes and penalties with Uncle Sam.
Today we talk with Brandon Hall, CEO of The Real Estate CPA Company about what it takes to qualify as a REP and how you legally can use it to eliminate your taxes. Brandon is a real estate tax expert who recently published a 12,000 word article that tells you exactly how REPs works and where you can get in trouble.
Watch this episode to learn:
* How REPs status eliminates taxes
* Who will and will not qualify
* Why material participation is so important
* What hours count and don't count
* How Short Terms Rentals are a little known loophole
Get Smart and Invest Smarter with the Apartment Investor Show where JC Castillo and Paul Peebles interview top industry experts and discuss current market trends, investment strategies and fundamental concepts to help you make smart multifamily real estate investments. Visit our website at: http://apartmentinvestorshow.com/
JC Castillo has spent the last decade plus helping investors profitably navigate the ups & downs of a full market real estate cycle. In 2006 he founded Multifamily Property Group, a vertically integrated private equity firm focused on large scale value-add apartment properties in select US markets. Learn more about Multifamily Property Group at: https://www.multifamgroup.com/
Paul Peebles has been arranging real estate financing for borrowers and institutional clients since 1987. Mr. Peebles is the National Underwriter at Old Capital, underwriting and structuring all transactions handled by the company. Learn more about Old Capital at: http://www.oldcapitallending.com/
Guest Info:
https://www.therealestatecpa.com/
Download Guide to Real Estate Professional Status
https://www.therealestatecpa.com/guide-to-qualifying-as-a-real-estate-professional
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