WS1985 Essential Tax strategies for real estate investors | Brian Boyd

In this episode of the Real Estate Syndication Show, tax attorney Brian Boyd shares insights on real estate tax strategies. Learn how to leverage cost segregation, short-term rental deductions, and tax extensions to maximize deductions and minimize your tax burden. Brian also shares his market predictions and emphasizes the importance of data-driven investing and giving back to the community.


Key takeaways:

• Build a Strong Tax Team: Partner with a tax attorney and CPA to navigate complex tax issues in real estate investing.
• Unlock Tax Savings with Cost Segregation: Significantly accelerate depreciation and reduce tax burdens with cost segregation studies. (Example: $30,000 deduction on a $100,000 property in year one!)
• Master the Short-Term Rental Loophole: Even without real estate professional status, deductions can be claimed on short-term rentals.
• Seek Expert Tax Advice: Don't be afraid to ask questions! There are always tax solutions – find a qualified professional to guide you.
• Tax Extensions are Normal: Don't panic! Filing extensions provide more time for accurate tax preparation and are not flagged by the IRS.
• Real Estate Market Insights: Interest rates are expected to normalize, and investment opportunities remain strong. Market data analysis and disciplined investment strategies are key.
• Give Back to Your Community: Consider following Brian's example of converting part of your portfolio to Section 8 housing to provide quality homes to those in need.

Connect with Brian Boyd on social media at @BrianTBoyd on both Instagram and TikTok. Don't miss his upcoming seminar at Nashville School of Law on April 20th. Additionally, explore his insights in the book "Replace Your Income: A Lawyer's Guide to Finding, Funding, and Managing Real Estate Investments," available for purchase on Amazon.

For more wealth-building real estate insights, subscribe to the Real Estate Syndication Show. Start investing today by visiting lifebridgecapital.com.

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