The Real Estate CPA Podcast

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- In this episode, we’re joined by Joe Fairless who controls over $400,000,000 worth of real estate with a portfolio of over 4,000 units. He is also the host of the world’s longest running daily real estate podcast called Best Real Estate Investing Advice Ever and recently released The BEST Ever Apartment Syndication Book. Listen as we discuss how Joe partnered for credibility when starting out, syndication marketing tips, and how Joe handles accounting and taxes. For more information on Joe, visit joefairless.com/ And for more real estate accounting and tax resources visit www.therealestatecpa.com/

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- Real Estate agents, flippers, and wholesalers are subject to a nasty tax called the self-employment tax of 15.3% on their income. In this episode, Brandon Hall discusses how to reduce this tax and save thousands by being taxed as an S-Corp. As always, please consult your CPA before implementing any strategies heard on this podcast. For more real estate accounting and tax resources visit www.therealestatecpa.com/

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- In this episode, we're joined by Matt Theriault who went from a 7-figure per year income as a music industry executive down to a $7 per hour income bagging groceries once digital downloads displaced the music industry. But he's since turned it all around and now owns an expansive real estate empire. Listen as we discuss how he bounced back and how Matt handles and accounting and taxes. Plus we touch on some marketing tips too! For more information on Matt, visit http://epicrealestate.com/ And for more real estate accounting and tax resources visit www.therealestatecpa.com/

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- There are a lot of misconceptions about the tax benefits of rental real estate. In this episode, we will clarify and demystify these benefits in an attempt to end the confusion and help you better understand your investments. And as always, please consult your CPA before implementing any strategies heard on this podcast. For more real estate accounting and tax resources visit https://www.therealestatecpa.com/

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- We are relaunching The Real Estate CPA Podcast where we reveal our secrets that can save thousands in taxes, streamline your accounting process, and help grow your business. We are also bringing you insightful interviews with industry experts, successful real estate investors, and current clients on what strategies they use to grow their business and how they stay clear of Uncle Sam. This time around Brandon is joined by a co-host, Thomas Castelli. And in this episode, Brandon will interview Thomas about getting started in real estate syndication. For more real estate accounting and tax resources visit www.therealestatecpa.com/

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- Today we're exploring the new 20% passthrough deduction and how it affects business owners and real estate investors. This new deduction is available for the next eight years. It's important for all business owners and real estate investors to not only understand how this new deduction affects them, but also how they can maximize it. Don't get caught with a non-strategy this year. Listen to today's episode to help you plan for your future.

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- While you were enjoying your Christmas break, the GOP was hurrying to pass a massive tax bill. And they succeeded. In this episode, I'm breaking down some of the components of the tax bill and talking about how it will affect real estate investors. Your tax situation is about to change drastically. Don't get caught without a plan in 2018.

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- How do you pick a market to invest in? That's what we're exploring today with our guest, Marco Santarelli. Marco owns Norada Real Estate Investments, an investment company that invests in markets all across the U.S. Marco has a keen sense for choosing the right market, and the right neighborhood. In this episode, we cover: - Marco's background in real estate investing - How Marco chooses a market - Data sources and indicators to pay attention to; and - Once you've chosen a market, how to go about choosing a neighborhood to invest in. Though it's a departure from our typical "tax-only" podcast, I've written about investing at a distance and choosing markets in the past and wanted to bring on an expert that can give you concrete steps to invest in markets you may not know much about.

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- In this month's episode we are discussing why advertising your property for rent is a crucial component of placing your property into service. Most investors think that they should advertise their property for rent after they are done with their rehab. We walk through why this may not be a best case and provide arguments for why you should advertise your property for rent prior to, or during, the rehab.

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- In this episode we discuss the Real Estate Professional tax status. What is it? What is it not? And when can (and should) you use this tax status to your advantage. We define what a Real Estate Professional is and how to qualify. We also launch into a couple examples of great times to use the Real Estate Professional status. Non-working spouses and cost segregation studies will allow us to qualify for the Status and maximize single year write-offs. We also discuss how you should track your time to audit proof your return. Enjoy!

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- Weeeeee're back! Due to the overwhelming encouragement of clients and non clients, I've decided to jump back on the content (specifically podcasts) and get information out there for you to consume. We've revamped the podcast to give it that sexy, but not "suit and tie" feel. Let me know how you like it by emailing me at contact@therealestatecpa.com. June's podcast goes over three of the ten top tax mistakes I wrote about here that I commonly see. Specifically, we dive into: Why you cannot deduct your monthly escrow payments (insurance and property taxes). Why 529 plans STINK if you're a real estate investor or a business owner. When you should, and when you shouldn't, pursue a 1031 exchange (and a 5 minute trick that could save you thousands of dollars). Hope you enjoy. Like I said, drop me a line at contact@therealestatecpa.com if you like what we've done or if you have topic suggestions.

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- Cash on Cash return is a popular metric used by real estate investors of all levels. Today we discuss how useful the metric is, when you should use it, and the pitfalls you shouldn't ignore. We also discuss alternative metrics that you can use in your real estate business. This podcast stemmed from an article I wrote for Bigger Pockets which you can see here: https://www.biggerpockets.com/renewsblog/2016/06/10/cash-on-cash-return-2/

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- Rental properties break down. At some point, you'll have to make the decision to make minor repairs or a completely replace building components. Rental property improvements versus repairs have significant tax implications, some of which we talk about today. I share my personal story about turning over one of my own units. I walk you through the though process of a landlord who is also a CPA and wants to maximize tax deductions and subsequently my returns.

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- Today's show focuses on whether or not you should use LLCs as an investor or a flipper. We start off with a crazy story which we hope none of you ever have to personally go through and we then follow it up with a tax and accounting look at how LLCs affect your business. Specifically, we discuss: - How an LLC affect your tax situation; - Why some flippers open and close an LLC per flip; - What the cost implications of partnerships and S-Corps are. Please leave us a review on SoundCloud and like us on Facebook and follow us on Twitter. If you have any podcast ideas, please send them to contact @ therealestatecpa.com.

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- Join us for episode 3 which goes into details about house hacking, why it makes financial sense, and also what the tax implications of house hacking are. We talk about why house hacking is great from a tax perspective, and why you should also tread with caution. You'll learn what you should be considering prior to making that purchase and going through with house hacking. Don't get caught in a tax trap that could have been avoided by listening to this episode!