Building Value through Mentorship in Real Estate

Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only common in the world of real estate investing but can be very lucrative in almost eliminating your yearly tax burden. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property?

We’re back again with another Live Takes episode, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about how to reduce self-employment tax, finding a mentor when you’re brand new to the investing game, what happens when partners disagree on where and what to invest in, and how to maximize depreciation on a cash-flowing property.

Do you have a question you’d love to ask David? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

How real estate professional status can greatly reduce your tax burden (if you qualify)

Why smart investors look at their income before buying their next property 

The most valuable thing a new investor can bring to a mentor

How to know when to pivot investing strategies and the bright side of “shiny object syndrome”

What to do when you and an investing partner can’t reach a compromise 

Building and buying depreciation so you can keep more of your cash flow

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

Get Your Ticket for BPCon 2022

David’s YouTube Channel

Ask David Your Real Estate Investing Question

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Subscribe to The “On The Market” YouTube Channel

David’s BiggerPockets Profile

David's Instagram

Dave's BiggerPockets Profile

Dave's Instagram

Understanding Rental Property Depreciation

9 Simple Steps to Finding the Best Real Estate Mentor for You

Henry's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625

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