62 min listen
96: The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall and Kyle Mast
FromOn The Market
96: The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall and Kyle Mast
FromOn The Market
ratings:
Length:
53 minutes
Released:
Apr 17, 2023
Format:
Podcast episode
Description
What if we told you there was a real estate tax loophole that would help you write off most of your income without becoming a real estate professional or going through some precarious property scheme? If you’ve heard stories of wealthy investors making MASSIVE profits through rental properties and walking away with a near-zero tax liability, this could be the strategy that they were using. But, if you want to know what it is and how to use it to your advantage, you’ll have to tune in.
We’ve brought on not one but two financial powerhouses to explain the ins and outs of this rental property tax loophole. Brandon Hall, CPA, and Kyle Mast, CFP, have used this exact loophole to shave their tax liabilities down dramatically. The requirements to take advantage aren’t complicated, but you must be a rental property investor of a specific type of property. And not all CPAs will know how to do this, which is why you must find the right one BEFORE you file!
In this episode, Brandon and Kyle will talk about how to unlock this tax loophole, the requirements you’ll need to hit, the logistics of using it, and the red flags you’ll need to keep an eye out for when giving it a go. In a few simple steps, you could eliminate your income taxes in a completely legal way, BUT you’ll want to make sure you follow Brandon and Kyle’s suggestions to a tee.
In This Episode We Cover
The real estate tax “loophole” that allows you to write off a SIGNIFICANT portion of your income
Real estate professional status and how those that don’t make the cut can still write off BIG deductions
The requirements you’ll have to hit to realize this real estate tax deduction
Bonus depreciation, cost segregation, and why NOW is the time to take advantage
Depreciation recapture and what to do to avoid paying taxes in the future
Red flags to watch out for when trying this strategy and whose advice you can actually trust
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
Kyle's Twitter
Kyle's Website
BiggerPockets Money Podcast 200: A Personal Finance Masterclass with Kyle Mast
Connect with Brandon:
Brandon's BiggerPockets Profile
Brandon's Facebook Group
Brandon's Podcast
Brandon's Website
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-96
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
We’ve brought on not one but two financial powerhouses to explain the ins and outs of this rental property tax loophole. Brandon Hall, CPA, and Kyle Mast, CFP, have used this exact loophole to shave their tax liabilities down dramatically. The requirements to take advantage aren’t complicated, but you must be a rental property investor of a specific type of property. And not all CPAs will know how to do this, which is why you must find the right one BEFORE you file!
In this episode, Brandon and Kyle will talk about how to unlock this tax loophole, the requirements you’ll need to hit, the logistics of using it, and the red flags you’ll need to keep an eye out for when giving it a go. In a few simple steps, you could eliminate your income taxes in a completely legal way, BUT you’ll want to make sure you follow Brandon and Kyle’s suggestions to a tee.
In This Episode We Cover
The real estate tax “loophole” that allows you to write off a SIGNIFICANT portion of your income
Real estate professional status and how those that don’t make the cut can still write off BIG deductions
The requirements you’ll have to hit to realize this real estate tax deduction
Bonus depreciation, cost segregation, and why NOW is the time to take advantage
Depreciation recapture and what to do to avoid paying taxes in the future
Red flags to watch out for when trying this strategy and whose advice you can actually trust
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
Kyle's Twitter
Kyle's Website
BiggerPockets Money Podcast 200: A Personal Finance Masterclass with Kyle Mast
Connect with Brandon:
Brandon's BiggerPockets Profile
Brandon's Facebook Group
Brandon's Podcast
Brandon's Website
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-96
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Released:
Apr 17, 2023
Format:
Podcast episode
Titles in the series (100)
6: The Not-So-Scary Way to Start Buying Real Estate in 2022: Maybe you wanted to know how to invest in real estate back in early 2020. You took some time to educate yourself by listening to podcasts and reading books. Then you went and got preapproved, found yourself an agent, and were ready to start hitting the pavement, searching for your first real estate deal. While you were on your hunt for profitable houses, the world started to shut down. Everyone was forced inside, the real estate market locked up, and you thought “maybe I should wait this one out.” Now, it’s 2022, and the housing market is arguably the most competitive it has been in decades. You missed your shot, right? Now you can never invest in real estate…or so you think. Dave Meyer, On The Market Host and VP of Data and Analytics at BiggerPockets, is here with Henry Washington, Jamil Damji, and Kathy Fettke to argue that you should still be investing in real estate. Even with rising interest rates, high home prices, and by On The Market