Discover how to transform your finances by becoming your own landlord. Learn three innovative real estate strategies, like renting your commercial building to yourself and purchasing your child's college home to generate cash flow. Explore the advantages of buying your parents' house for asset protection and tax benefits. Gain insights into maximizing tax savings with methods like cost segregation and bonus depreciation. Plus, uncover the emotional and practical benefits of managing family real estate as you navigate financial independence.
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volunteer_activism ADVICE
Own Your Commercial Space
Buy your commercial space and rent it to your business instead of paying a third-party landlord.
Use mortgage payments to build equity while keeping cash flow similar to rent.
question_answer ANECDOTE
Hosts Bought Their Office Suite
Mat and Mark bought their law office suite and rented it to their firm for years.
They assumed an existing mortgage and will have it paid off next year.
volunteer_activism ADVICE
Use LLCs And Tax Elections
Structure ownership with a separate LLC that mirrors business ownership percentages and make the Section 4 election.
Run cost segregation and bonus depreciation to accelerate deductions and reduce current tax bills.
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Why make someone else rich when you could be paying yourself? In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen reveal three powerful real estate strategies that allow business owners to become their own landlord, create cash flow, and protect family wealth. From renting your own building to your business, to buying your kid’s college home, to purchasing your parents’ house for asset protection and tax benefits, these proven methods could transform your financial future.
Discover how to structure these deals for maximum tax savings, including cost segregation, bonus depreciation, the Dash 4 election, and creative financing options. Learn the practical and emotional benefits of these moves — from building equity and cash flow to teaching your kids valuable real estate skills, and safeguarding your parents’ independence while protecting their biggest asset.
If you’re ready to stop paying rent to someone else and start building wealth for your own family, this is an episode you can’t afford to miss. Subscribe for more real-world strategies from Mark J. Kohler and Mat Sorensen, and take control of your financial destiny today!
You’ll learn:
How renting your own commercial building to your business can build equity and slash taxes
The steps to buy your child’s college home and turn rent into cash flow
Ways to purchase your parents’ home for asset protection, Medicaid planning, and tax benefits
How to use strategies like cost segregation, bonus depreciation, and the Dash 4 election to maximize deductions
Creative financing options for owning commercial space, including commercial condo units
How to leverage 1031 exchanges to defer taxes and reinvest in new properties
The personal and educational benefits of involving your kids in real estate management
Get a comprehensive tax consultation with one of our Main Street tax lawyers that can build a tax strategy plan with an affordable consultation that will leave you speechless!!
Here’s the link - https://kkoslawyers.com/services/comprehensive-bus-tax-consult/?utm_source=buzzsprout&utm_medium=description&utm_campaign=SALT_Deduction
Main Street Business