By Michael Blank, Garrett Lynch, Michael Blank, and Garrett Lynch. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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MB342: What Investors Need to Know About Taxes – With Thomas Castelli

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Manage episode 345707476 series 2198435
By Michael Blank, Garrett Lynch, Michael Blank, and Garrett Lynch. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

All CPAs are not created equal. And if you’re working with an accountant who doesn’t understand real estate tax strategy, you may be leaving tens of thousands of dollars on the table.

Thomas Castelli, CPA, CFP, is Partner at Hall CPA, an entrepreneurial accounting firm that helps real estate investors minimize tax and maximize profit.

Out of college, Thomas landed a ‘dream job’ at a traditional accounting firm but soon realized he wasn’t on the path to the lifestyle he wanted. To achieve financial freedom, he built a portfolio of passive investments in apartment buildings before participating in his first deal as an active partner.

On this episode of Financial Freedom with Real Estate Investing, Thomas joins Garrett and me to discuss why he chose to put his money in multifamily over other investments.

Thomas offers a high-level overview of how the taxation of real estate works, explaining who benefits from bonus depreciation and why we can report a loss despite earning substantial cashflow.

Listen in for Thomas’ top strategies for deferring capital gains and find out why tax planning is so important for real estate investors!

For full episode show notes visit: https://themichaelblank.com/podcasts/session343/

  continue reading

378 episodes

Share
 
Manage episode 345707476 series 2198435
By Michael Blank, Garrett Lynch, Michael Blank, and Garrett Lynch. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

All CPAs are not created equal. And if you’re working with an accountant who doesn’t understand real estate tax strategy, you may be leaving tens of thousands of dollars on the table.

Thomas Castelli, CPA, CFP, is Partner at Hall CPA, an entrepreneurial accounting firm that helps real estate investors minimize tax and maximize profit.

Out of college, Thomas landed a ‘dream job’ at a traditional accounting firm but soon realized he wasn’t on the path to the lifestyle he wanted. To achieve financial freedom, he built a portfolio of passive investments in apartment buildings before participating in his first deal as an active partner.

On this episode of Financial Freedom with Real Estate Investing, Thomas joins Garrett and me to discuss why he chose to put his money in multifamily over other investments.

Thomas offers a high-level overview of how the taxation of real estate works, explaining who benefits from bonus depreciation and why we can report a loss despite earning substantial cashflow.

Listen in for Thomas’ top strategies for deferring capital gains and find out why tax planning is so important for real estate investors!

For full episode show notes visit: https://themichaelblank.com/podcasts/session343/

  continue reading

378 episodes

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