AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
How The Rich Avoid Paying Taxes | Karlton Dennis
Wealthy Way
Mastering Real Estate Tax Benefits
Investing in real estate can provide significant tax advantages, particularly through deductions for income and losses. Purchasing a $1 million property generating $300,000 in net income can result in zero tax liability if real estate losses are applied correctly. To leverage these losses against active income, one must qualify as a real estate professional by demonstrating at least 750 hours spent managing properties annually, while also showing that this time exceeds the hours spent on any other job. This requirement poses challenges for those with full-time employment. Alternatively, pursuing a short-term rental strategy may be a feasible route for those struggling to meet the real estate professional criteria.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode