The Real Estate Professional Status The Pursuit Of A Tax-Free Life Though Real Estate - Mark Perlberg
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Dec 4, 2023 Mark Perlberg, owner of Mark Perlberg CPA, specializes in advanced tax strategies for affluent real estate investors. He shares insights on the real estate professional status and its myriad benefits, emphasizing the importance of taking action in investments. The discussion includes the tax advantages of material participation and engaging family members in real estate ventures, fostering a legacy. Perlberg also highlights how collaborative property renovations can merge passion with profit while showcasing ways to empower the next generation in financial matters.
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Focus on the Deal
- Close deals before over-analyzing legal or tax implications.
- Focus on finding a good deal and making it happen first.
Action Over Analysis
- Take action rather than over-analyzing in real estate.
- Find the right balance between research and taking action.
Spouse as a "Free" Employee
- Getting your spouse involved in real estate can offer tax benefits.
- It can also inadvertently turn them into a valuable, "free" employee.