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Scale Your CoLiving Real Estate

Real Estate Tax Hacks Every Investor Needs with Amanda Han

Jul 26, 2024
Amanda Han, a tax strategist and real estate investor, shares her expertise on powerful tax-saving strategies. She discusses how to leverage 1031 exchanges and bonus depreciation to reduce your tax burden. Listeners will learn about the benefits of becoming a real estate professional and advanced tactics like cost segregation. Amanda emphasizes starting small in real estate investing while utilizing tax strategies and highlights the importance of effective collaboration with a CPA for maximizing financial benefits.
54:48

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Podcast summary created with Snipd AI

Quick takeaways

  • Understanding tax-saving strategies like 1031 exchanges and bonus depreciation can significantly reduce your tax burden as a real estate investor.
  • Working with a CPA who is actively involved in real estate provides tailored advice that can lead to substantial tax benefits.

Deep dives

Understanding Tax Savings

The episode emphasizes the significance of tax savings as an effective strategy for achieving financial freedom. It challenges the conventional idea that saving money is solely about putting funds in a savings account by introducing the notion of legally minimizing taxes. The conversation highlights the goal of potentially paying zero in taxes through various legal strategies, encouraging listeners to think critically about their own tax responsibilities. This aligns with Benjamin Franklin's adage about saving money, demonstrating that paying less in taxes can be as impactful as earning more.

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highlights

Listen to the best highlights from the podcasts you love and dive into the full episode