Tax Smart Real Estate Investors Podcast
The Tax Smart Real Estate Investors Podcast is a show that focuses on tax, accounting, and finance tips for real estate investors and business owners. We bring on guests to talk through complex topics and we break it down into bite-sized chunks of knowledge for our listeners. Our episodes generally run 30-60 minutes of no-nonsense, hard-hitting information. We know your time is valuable so our goal is to save you thousands of dollars per episode. Hall CPA, PLLC is a CPA firm that exclusively serves real estate investors and real estate business owners. We work with syndicators and developers closing multi-million dollar deals, as well as small investors building a portfolio from scratch. Check us out at www.TheRealEstateCPA.com/Podcast and www.TaxSmartInvestors.com/Insiders for more free content and information. Enjoy!
Episodes
April 30, 2024 • 30 mins
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 deducti...
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April 23, 2024 • 33 mins
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" ...
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April 16, 2024 • 43 mins
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 ...
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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.taxandlegalsum...
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April 2, 2024 • 40 mins
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/podcas...
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March 26, 2024 • 40 mins
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 wh...
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March 19, 2024 • 24 mins
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 ordinar...
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March 12, 2024 • 49 mins
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://kevinbup...
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March 5, 2024 • 44 mins
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 ...
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February 27, 2024 • 46 mins
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 ...
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February 20, 2024 • 34 mins
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 In...
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February 13, 2024 • 51 mins
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 esta...
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259. Why Invest in Boutique Hotels Instead of STRs & The Power of Personal Branding with Rich Somers
February 6, 2024 • 39 mins
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 ti...
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January 30, 2024 • 34 mins
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 e...
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January 23, 2024 • 46 mins
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....
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January 16, 2024 • 57 mins
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: https://podca...
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January 9, 2024 • 54 mins
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.TaxSma...
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January 2, 2024 • 23 mins
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
Follo...
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December 27, 2023 • 32 mins
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 ...
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December 19, 2023 • 58 mins
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/
...
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