How Long Do I Have to Wait Before I Can Rent a Business Property?

Two years is a really good timeframe to be renting it. You do need to show that your intent of buying the new property was to rent it, right? And then remember, as long as you actually live in it for two out of five years, then anything other than the depreciation you've taken should be tax-free up to that 250,000, 500,000 exclusion for single versus or married individuals. So, you actually can have your cake and eat it too.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Want more real estate tax deductions? If you’re a savvy investor, you can use the tax code to avoid income tax, keep more money, and grow your portfolio even faster. But it’s hard to do so without a rock-solid CPA behind you. Thankfully, we have some of the world’s top real estate CPAs on the show, and they’re giving their take on tough tax questions (WITHOUT sending you a bill!). If you want to lower your tax burden, keep more of your hard-earned money, and play the tax game to WIN, stick around!

Welcome back to another Seeing Greene! This time, we’re joined by some of the most beloved real estate tax rockstars. Amanda Han, Matt Bontrager, and Tom Wheelwright have spent their careers helping real estate investors get the most out of their investments. From eliminating income tax to finding hidden deductions, boosting depreciation, and getting their clients into more tax-advantaged assets, these CPAs practice what they preach and are here to help you too!

They’ll be answering questions about how to unlock the MASSIVE tax benefits of real estate investing while working a W2, when to start an LLC, how to protect your assets, whether a 1031 exchange is really worth it, and how to find the right CPA. Their suggestions could save you THOUSANDS in taxes, so don’t miss this one!

In This Episode We Cover:

How to avoid income tax through real estate investing (even with a W2 job!)

When to pull equity out of a property and how long to hold a rental

Crucial questions to ask a CPA and how to know that they’re truly “investor-friendly”

The 1031 exchange explained and when it’s NOT a good option for eager sellers

Private money lending and how to ensure your lender shares in your property’s tax benefits

Capital gains tax and how to AVOID it when selling a primary residence

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Youtube Channel

BiggerPockets Forums