The marriage of Real Estate and exceptional Tax Planning is your vehicle to financial freedom and getting the life you want. In fact, the best investment you may ever make could be tax planning…IF you have a collaborative relationship with the right tax team. Real estate is the most tax advantaged investment that you can make with your time and money, especially its immediate depreciation tax break, even when cash flow is positive. Even if you are cash flow positive, here are some of the tools that will let you create a negative income statement on your tax return and avoid taxes on the revenue:
- Maximize and accelerate depreciation through cost segregation studies. (It’s possible to write off anywhere from 20 to 50% of the purchase price in year one.)
- It’s possible to create tax savings that exceed the real estate down payment thus providing capital for more real estate.
- Under certain circumstances, real estate losses can offset our business and active W2 income.
- Create a compounding snowball effect with your property by getting cash flow, doing cost segs, getting write-offs and tax savings, getting a nice refund or owe less. As we’re building our net worth, our equity is growing. We can pull out that equity, we can borrow from it, we can sell and do 1031 exchanges.
- For detailed information on these tax strategies and others, visit
- https://player.fm/series/the-mark-perlberg-cpa-podcast/ep-050-how-tax-planning-real-estate-can-help-you-achieve-your-dreams
Key Takeaways:
- When tax savings are reinvested to buy more property, you create negative income statements.
- Align your dreams with a real estate strategy in an effective tax plan to accelerate wealth-building wealth the path to financial freedom.
- Strategize today for your current and future wealth building, cash flow and tax savings by investing in a collaborative relationship with an expert tax team.
We welcome you to start achieving your own dreams today by taking advantage of a free discovery session by visiting New Client Application or https://calendly.com/d/27b-bgh-x9g.