How To Avoid Taxes (Legally) as a Real Estate Investor

What if workers got paid based on the long term gains made by workers

Thanks for having Tom W. on this helpful informative tax strategies podcast he dished out alot of meat and potatoes keep the gems coming .

Brilliant!!

It's amazing to see AMC doing well after all the doomsday analyses from naysayers. The stock market is a device for transferring money from the impatient to the patient - warren buffet. It's good to remind people of this right now; you buy on fear and sell on greed or just hold through it all for the long term. It’s easy but lots of people forget.

How do you go about calculating the value of the property versus value of the land when determining standard straight-line depreciation? Also, for example, let's say I bought a property in January 2022 for $775,000 but I put $750,000 into renovations on the property and furnishing, designing, etc. but it took until October 2023 to complete the project. Does the 27.5 straight-line depreciation start this year at the new value of the property or does it start at the purchase price? This is a real example of an active Airbnb. Please advise.

Good podcast but you absolutely can NOT do surgery on yourself. Not at all.

For short term rentals is not 500 hours. It is 101 or more hours + not working more than anyone else (not working less than other employees or contractors)

Excellent Podcast episode. Mini-course on Real Estate investing all in one package. A question I have for Tom Wheelhouse is whether using Statutory Trusts (Wyoming, Nevada, etc) for each rental property, held within one LLC (From a state that has a charging order only for creditor remedy) would protect one property's claims from each of the others and the LLC protecting all properties from an outside/personal or other claims?

Thank for being a Segway from the professionals to us cuz I NEED these analogies and clarifications!!!

I'm located in Jersey would like to connect and work with anyone.

What difference does any of this make if Russia drop bombs, and our cities are vaporized in nuclear Hellfire.

Is this the guy Rob said stole from him LOL…

If a property is HELOCED then umbrella insurance

Can someone help me understand: I have W2 (not in real estate!) and 2 rental properties: one is long term rental and another is STR. I managed and cleaned my STR MYSELF. I did cost seg for both houses. Can I apply my cost seg losses against my total income: W2, long term rental, STR (due to STR tax loophole)? Please help!

Fantastic episode!

So Much KNOWLEDGE! Great video

It when you avoid taxes do you qualify for the real estate

Thank you both ❤

What they fail to teach you about making money - Bigger Pockets

Great information, thank you so much for sharing it with us!!

This is evil. We DONT need a government to tell us to create housing, jobs, food, and energy. What a grift.

Not a single word about cost segregation, 1245 property, bonus depreciation, or Form 4562.

Is there depreciation on land?

When you get audited these guys are not going to jail, you are. There are tax credit for you to use but if you're not paying tax you might be doing something wrong or you're not making enough money. Make sure to hire a tax accountant, if its too complex. Trump did not report the actual value of his property, this is illegal.

Amazon is bigger than Microsoft bro that's crazy.

You are missing the point that when a tax incentive is given to a company like Amazon, Amazon is the one who gets the benefit of not paying additional taxes. Sure, the increased property and other taxes from potential additional population might make up for it, but then the tax liability is shifted to the general population rather than the multibillion dollar earning corporation.

Great for businesses, not as great for average person

Just found your channel and I’m so glad I did cause I’m interested in investing in real estate and I had no idea where to start.
Thanks so much for this invaluable content.

Best podcast ever

Can a second owner of the house take 27.5 year depreciation if the first owner already used this option?
And one more question if anyone would care to answer.
David mentioned that his paid off properties were sitting ducks for scammers who knew how to abuse the title companies system to take over the ownership of the paid off property to sell it fraudulently to unsuspecting buyer. How to protect such paid off properties if one doesn’t want to put another loan on it? What are the steps and ways to protect our paid off real estate?
Thank you for the great content in each and every video you produce here.

That makes NO sense. Why would you give $$ to Amazon who has done nothing for you or the gov. SMH

To combine all of your real estate activities into one activity, he said you need to make this election:

Section 469 C7

This is great. My question is: How do you create loss through short term rentals when the goal is cash flow? What am I missing? Depreciation can help...but not very significant.

Love the comment on hire professional to do it .. I can really feel it as I worked in IT consulting. Unfortunately most real estate agents are not giving their 100% effort - especially when they are the seller agent. I sold my house in 2021 at market price with no mark-up and the agent that I used did not help much to drive traffic nor getting better offer. I might be able to sell it for same price thru sale-by-owner and save the 3% commission.

Hi David. Thanks for sharing this information. I am thinking about investing in a 37 unit JV out of state. All 6 partners have a percentage of ownership, voting rights, sign on the loan and an active role. My role would be to prepare and update the financials. Would the hours spent in this role count towards material participation? Thank you!

Hi Guys, very informative, When he says 500 hours is a month or a Year?

Why are LLC harder in Tennessee?

Is this in canada too

Does depreciation apply to condos/apartments?

I listened 4 minutes. Only advertising. Good bye.

Man Tom is awesome he makes just about every other tax person seem subpar. I read his book a while back and was shocked when I spoke to several tax attorneys and accountants who knew nothing about it or what’s discussed in the book. 😢

Thank you Tom W! Thank you for educating and sharing us your passion.

The “infrastructure bill” which was 10% about infrastructure and 90% about controlling us more lol

Sounds like it’s easier to just move to Dubai lol

In the control everything segment what if you don't have the intention to become passive in your self-employment business for instance I'm going to run a service based business teaching meditation I'm going to continue to do that I'm not going to step out and abdicate that so it's a bit confusing your guest would Define terms for people like me that don't have I'm working understanding of the tax law and lingo. Thank you!

Thank you ❤

Can I write off the interest on a seller financed property?

Hi David and Tom, I love this video.., actually I love all Bigger Pockets videos, I am starting to invest in real state and would like to ask if you can guide me were to go to get a tax specialist or accountant, CPA so that I receive professional help.
Tom, Does your firm has offices in Michigan, I live in Michigan and would like to be guided by you.