In real estate investing, there are even more ways you can reduce your taxes and enjoy more of your investment income. That’s why, in this episode, we’re bringing a tax expert and strategist, Thomas Castelli, to the show to discover more advantages of investing.

This conversation covers his proficiency in legally decreasing tax deductions, how you can perform tax strategies in syndication or single-family rentals, and advice on finding a reliable tax professional. Check this out to realize why you should start your investing journey today!

Key Points & Relevant Topics

• Thomas’ background from accounting to real estate investing
• How does tax depreciation and bonus depreciation work?
• Understanding passive/non-passive income and losses, short-term rental loophole, and special loss allowance
• Ways to defer taxes from selling rental properties
• Why doing a 1031 exchange is challenging for a limited partner in a syndication 
• Main advantage of being a general partner in a syndication
• The biggest tax code change investors should know in 2024
• 2 steps investors can take to properly navigate tax strategies
• How investors can find a good tax professional 
• Services Hall CPA, PLLC offers to investors 
• What makes BRRRR a powerful investment strategy for maximizing tax advantages 
• Tips on effectively managing time and day-to-day tasks as an investor

Resources & Links

• Rich Dad Poor Dad by Robert T. Kiyosaki
• Tax Smart REI Podcast
• Every Landlord’s Tax Deduction Guide by Stephen Fishman J.D.
• Apartment Syndication Due Diligence Checklist for Passive Investor

About Thomas Castelli, CPA, CFP®

Thomas Castelli, CPA is a Partner at Hall CPA who helps real estate investors keep more of their hard-earned dollars in their pockets and out of the government’s through proactive tax strategy and planning.

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