BiggerPockets Real Estate Podcast

370: Tax Hacks to Juice Your ROI with Amanda Han and Matt MacFarland

02.20.2020 - By BiggerPocketsPlay

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Get to know enough CPAs, and you'll hear the "light bulb" story.

"I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'"

Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for!

That's the focus of today's episode AND the new book (out today!) from Amanda Han and Matt MacFarland: "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors."

You'll hear Amanda and Matt break down the basic concepts you need to understand in order to reach your goals, outline the questions you should ask your CPA, and take on the notorious "Do I need an LLC?" question.

You'll also learn about more complex strategies like advanced/bonus depreciation, Opportunity Zone investing, and 1031 exchanges... plus, how short-term rental investors and flippers can optimize their tax strategy.

This episode is packed with free information that is literally valuable—meaning it could save you thousands, or tens of thousands, of dollars!

Download this one, check out the book, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show.

In This Episode We Cover:

How Amanda and Matt ended up doing tax/real estate

What they do and how they help clients

What their new book is all about

How to save tons of money in terms of taxes

Best time to work with a CPA

How an LLC plays into a real estate investor’s life

3 benefits of working with a professional

Importance of having a system in place with the help of tax and legal advisors

How cost segregation comes into play

Who does a cost segregation study

Other things investors should not do on their own

Why it pays to be cautious when it comes to 1031 exchanges

Why buy and hold is preferable over flipping from a tax perspective

Cool things about short-term rentals from a tax perspective

What an Opportunity Zone is and why it matters

What a flow-through entity tax break is

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Webinar

Explore Companies on BiggerPockets

BiggerPockets Bookstore

IRS Website

 

Check the full show notes here: http://biggerpockets.com/show370

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