This advice might save you hundreds of thousands of dollars on taxable income. In this episode, we’ll be learning about this from our guest Brandon Hall. Brandon is a CPA and Founder and CEO of The Real Estate CPA company, and host of The Real Estate CPA Podcast combining his passion for developing creative strategies to reduce tax bills, and his interest in building long-term wealth as a real estate investor. Brandon and his team are dedicated to helping high net worth individuals and general partners in real estate syndicates by leveraging technology and developing automated solutions to give time back to our clients.
Let’s listen in to Brandon’s expertise and learn what can happen when you qualify as a real estate professional and how to get there.
[00:01 - 09:08] Opening Segment
[09:09 - 13:18] The Importance of Good Financial Reporting
[13:19 - 21:03] Reducing Taxable Income
[21:04 - 29:49] Qualifying as a Real Estate Professional
[29:50 - 37:53] Cost Segregation Study
[37:54 - 44:45] Closing Segment
Tweetable Quotes:
“It has to be personal service hours… if the hours you are logging do not enhance or improve the property’s operations, then those hours do not count.” - Brandon Hall
“For anyone that’s a GP or thinking about syndication, if you’re on the GP side you got to ‘Cost Seg’ if you’re on the LP side it’s more about timing… How do you best utilize the loss and does it make sense to invest today?” - Brandon Hall
Resources:
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Connect with Brandon on LinkedIn and BiggerPockets. Visit https://www.therealestatecpa.com/ to learn more.
Guest Email: contact@therealestatecpa.com
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