In this episode, Ryan and Thomas break down the tax treatment of repairs & maintenance expenses vs. capital improvements and how to maximize tax savings, including: - Tax differences between repairs expenses vs. capital improvements - How to maximize tax savings with three must-know IRS Safe Harbors - How to navigate capital improvements with the BAR Tests - And more! This is a must-listen if you want to maximize your tax deductions on your repair and renovation costs. To become a...

In this episode, Ryan and Thomas explain how simply investing in rental real estate reduces your effective tax rate and puts you in a favorable position even without offsetting non-passive income (e.g., W-2 and active business income), including: - A snapshot of the US Tax System. - The critical role of depreciation in shielding income from tax. - What is the effective tax rate calculated? - How passive investors build "tax-free" income through real estate. - Ways to minimize the impact of...

In this episode, Ryan and Thomas are joined by Ron Rohde, Esq, to discuss what real estate investors really need to know about LLCs, including: - What are LLCs? - Common LLC Structures Explained - How To Avoid Piercing the Corporate Veil - Is Umbrella Insurance a Replacement for LLCs? - LLC Mistakes and more! We also discuss why Ron transitioned from residential to industrial real estate investing! Whether you already have LLCs or plan to create one, this is a must-listen episode. To...

In this episode, Ryan and Thomas are joined by tax expert Justin Shore, EA, to discuss how you can turn losses non-passive without material participation or the real estate professional status (REPS). This is an episode you don't want to miss! To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast Reserve your Free Ticket to the 2024 Tax, Legal, and Wealth Summit at www.taxandlegalsummit.com Apply to join the Hall CPA team at...

In this episode, Ryan and Thomas are joined by tax expert Nathan Sosa, CPA to discuss: - What are S-Corps? - Why you shouldn't put rentals in S-Corps - When S-Corps do make sense for real estate investors - Establishing reasonable salaries for S-Corp Owners - The Bramblett Structure for real estate flippers and developers - And more! To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast Reserve your Free Ticket to the 2024 Tax, Legal, and Wealth...

In this episode, Ryan and Thomas discuss 7 exit strategies to minimize the tax hit when you sell your next property: - The 1031 Exchange - The “Lazy 1031 Exchange” - 1031 Exchange into a Delaware Statutory Trust (DST) - 1031 Exchange into Mineral Rights - Qualified Opportunity Funds (QOFs) - Seller Financing (installment sales) - The 721 Exchange We also discuss two additional strategies we don't recommend. Tune in to find out what they are! Reserve your Free Ticket to the 2024 Tax, Legal,...

In this episode, Ryan and Thomas discuss: - The Tax Implications for Oil & Gas Investments: Ryan and Thomas delve into the tax nuances of oil and gas working interests, highlighting the potential for offsetting active income without materially participating. - Navigating Mineral Rights and Royalties: We unravel the tax considerations for investing in mineral rights and royalties, emphasizing how these investments generate ordinary income and how you may be able to use passive losses to...

In this episode, Ryan and Thomas are joined by Kevin Bupp, an experienced commercial real estate investor, podcast host, and best-selling author of “The Cashflow Investor,” to discuss: - Why Kevin transitioned from residential real estate to mobile homes and parking lots. - The investment dynamics of parking lots and mobile home parks. - The powerful tax benefits of these asset classes, and more! More from Kevin: https://kevinbupp.com/ Register for the BOI Reports...

In this episode, Ryan and Thomas are joined by Kenny Simpson, an independent residential mortgage broker and podcast host, to discuss: - Key Elements Lenders Evaluate in Your Tax Documents: Insight into how depreciation affects your borrowing power. - Understanding 'Subject-To' Financing: FAQs addressing the due-on-sale clause. - Future of Interest Rates: Kenny's predictions and insights into popular loan products and more. More from Kenny: https://getinthecashflowgame.com/ Register for...

In this episode, Ryan and Thomas are joined again by Troy Eckard from Eckard Enterprises for a deep dive into investing in oil & gas. In this episode, we discuss: - Expected returns, cash flow, and why it's critical to have a long-term view when investing in oil & gas. - Capital requirements and alternative options to gain oil & gas exposure. - Stages of the oil & gas pipeline, supply/demand, and other key factors! - Follow-up questions from Troy's first appearance on...

Join Ryan and Thomas as they demystify common myths and misconceptions about deducting luxury items, including: - Can investors & influencers write off Rolexes and designer threads? - Are luxury cars like Lamborghinis and G Wagons tax-deductible? We also explore why TikTok isn't the best source for tax advice and highlight the advantages of a one-stop shop that handles tax planning, preparation, and accounting. Join Tax Smart Insiders Today: www.taxsmartinvestors.com/insiders To...

In this episode, Ryan and Thomas welcome Tim Wallen, CPA and CEO, along with Rick Reuter, CPA, CGMA, and Controller of MLG Capital, for a deep dive into: - Tim's journey into real estate with MLG and why now is a pivotal time to invest. - The challenges investors face when transferring real estate to the next generation and strategies to minimize taxes in the process. -How funds like MLG's Legacy Fund can minimize income and estate taxes and offer practical solutions to common challenges in...

In this week's episode, Ryan and Thomas are joined by Rich Somers, an active real estate investor and entrepreneur with a portfolio valued at $70M+, to discuss: - Rich's journey and why he transitioned from multifamily value-add and STRs to boutique hotels. - STR regulations, tax strategies, and more. - Personal branding tips for real estate investors If you're considering starting a personal brand, this episode has some great tips! Connect with Rich: www.instagram.com/rich_somers |...

In this episode, Ryan and Thomas are joined by the host of BiggerPocket's On The Market Podcast, real estate investor, and best-selling author, Dave Meyer, to discuss: - Dave's expert outlook on the 2024 single-family, multifamily, and short-term rental markets. - Why it's critical to start with strategy and tips for developing a strategy that aligns with your long-term goals. - And more! This is likely the last market-oriented episode we'll do for a while, so don't miss it! Find Dave's...

In this episode, Thomas & Ryan are joined by Gino Barbaro, multifamily investor, business owner, author and entrepreneur, to discuss: - How Gino's team avoided disaster and thrived in multifamily during 2023. - 2024 multifamily investing + tips for getting started and navigating the landscape. - How Gino looks at the tax benefits of real estate investing, plus a 100% bonus depreciation update. More from Gino: https://jakeandgino.com/ Enroll in The Tax Extension...

In this crossover episode, Brandon Hall and Dylan Brown of the Major League Real Estate podcast explore investing in small bay industrial assets with Daniel Kurkowski of Obsidian Group. Daniel leverages his extensive knowledge of small bay industrial to present a strong case to: - Why this asset class is positioned well for future success - Why do most investors overlook it Subscribe to the MLRE Podcast on Apple:...

In this episode, Brandon, Ryan, and Thomas are joined by @BowTiedBroke (X), Entomologist turned Land Developer, to discuss: - His journey from millions to dead broke back to millions. - His experience investing in short-term rentals (STRs). - Investing in land development deals. - Tips for the next generation and more! More from @BowTiedBroke: https://twitter.com/BowTiedBroke Enroll in The Filing 1099-NEC Masterclass: www.TaxSmartInvestors.com/Masterclass To become a client, request a...

In this episode, Thomas Castelli and Ryan Carriere break down everything you need to know about 2024 taxes as a real estate investor, including: - The 2024 Corporate Transparency Act - The bonus depreciation adjustment - The viability of various strategies Join the January QBO Bootcamp: www.TaxSmartInvestors.com/Bookkeeping To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast Follow Us On Social Media Subscribe to our YouTube channel:...

In this episode, Thomas Castelli and Ryan Carriere are joined by James Svetec, founder of BNB Inner Circle, co-author of Airbnb for Dummies, and one of the world’s leading STR experts, to discuss - The current state of the short-term rental (STR) market. - What you need to know when acquiring STRs in 2024. - Practical tips for optimizing your property and listings to stand out in a crowded marketplace. Ryan and I also discussed whether or not the STR Loophole is still a viable tax strategy...

In this episode, Ryan Carriere and Thomas Castelli are joined by Troy Eckard, a tangible asset expert with nearly 40 years of experience investing in Oil & Gas, and Mineral Rights, to discuss: - The tax and investment benefits of oil & gas wells and mineral rights. - The potential risks and insights to steering clear of common investment mistakes in these sectors. More from Troy Eckard: https://eckardenterprises.com/taxsmartrei/ Join the QBO Bootcamp waitlist:...

In this episode, Ryan Carriere and Thomas Castelli are joined by accounting expert and real estate investor Taylor Brugna to discuss a critical component of real estate businesses: accounting, including: - The benefits of an accounting system that provides current financials. - The potential pitfalls of neglecting this side of your business. - Practical solutions to handling this side of your business. Join the QBO Bootcamp waitlist: www.TaxSmartInvestors.com/Bookkeeping To become a...

In this episode, Ryan Carriere and Thomas Castelli are joined by Rod Khleif to discuss what he believes 2024 has in store for the real estate market, including: - The commercial real estate reckoning? - The incredible opportunities in multifamily - Where to invest in 2024, the mindset & education necessary, and more! Rod's Bootcamp: www.rodslinks.com - Use code: taxsmart Enroll in The STR Tax Course for Free www.taxsmartinvestors.com/freestrcourse Ready to Become a Client? Request a...

In this episode, Brandon Hall, Ryan Carriere, and Thomas Castelli make a major announcement and answer your most pressing real estate tax questions including: - When does it not make sense to do a cost segregation study? - Can I group my short-term rentals together if bought under different LLCs? - Does my car have to be in the company name to claim bonus depreciation? - And more! Become a Tax Smart Insider today and claim your free bonuses today at...

In this episode, Brandon Hall and Thomas Castelli discuss hard-hitting year-end tax strategies that save real estate investors thousands each year, including: - The "Lazy 1031 Exchange" - Maximizing vehicle deductions - Year-end STR issues, cost segregation timing, and much more! To become a client, request an initial consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast Become a Tax Smart Insider today and claim your free bonuses today at...