Thomas is a Tax Strategist and Real Estate Investor who helps other real estate investors keep more of their hard-earned dollars in their pockets, and out of the government's. His real-life real estate investing experience, combined with his ever-growing arsenal of hard-hitting tax strategies, allow him to see eye-to-eye with clients in ways an average CPA never could.
By default, rental losses are passive. They can only offset other passive income. Qualifying as a real estate professional allows you to take rental losses against W2 or active business income. Brandon and Thomas want to set the record straight and tell people what they need to hear to win IRS audits. Some of the myths we discuss are things that we've heard other practitioners or educators tell their clients. If you haven't already listened to REPS 02, check it out first. This is the third episode in a four-part series. Get the REPS Time Log here: docs.google.com/spreadsheets/d/1c…/edit?usp=sharing To grab the recordings from the 2021 Tax and Legal Summit visit: https://recordings.taxandlegalsummit.com/ today! Join our Facebook group, the one-stop shop for real estate investors to learn about tax strategy and stay up to date on changing tax laws: www.facebook.com/groups/taxsmartinvestors For a free consultation from The Real Estate CPA visit www.therealestatecpa.com/become-client Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Like us on Facebook www.facebook.com/realestatecpa
By default, rental losses are passive. They can only offset other passive income. Qualifying as a real estate professional allows you to take rental losses against W2 or active business income. Brandon and Thomas discuss how to qualify for the real estate professional status as well as material participation, two very important concepts to turn your losses nonpassive to offset your W2 or other active business income. If you haven't already listened to REPS 01, check it out first. This is the second episode in a four-part series. Get the REPS Time Log here: https://docs.google.com/spreadsheets/d/1c3MoG5mI0Jy5bMk9CduFyjbHUfkErXQZAHK5nUubF8M/edit?usp=sharing To grab the recordings from the 2021 Tax and Legal Summit visit: https://recordings.taxandlegalsummit.com/ today! Join our Facebook group, the one-stop shop for real estate investors to learn about tax strategy and stay up to date on changing tax laws: www.facebook.com/groups/taxsmartinvestors For a free consultation from The Real Estate CPA visit www.therealestatecpa.com/become-client Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Like us on Facebook www.facebook.com/realestatecpa
Brandon Hall and Thomas Castelli break down Section 469 (the real estate professional status), the history of Section 469, and why it matters to real estate investors. This is the first episode in a series of episodes designed to set the record straight and demystify some of the complexities of this area of the tax code and address misinformation and misconceptions. To grab the recordings from the 2021 Tax and Legal Summit visit: https://recordings.taxandlegalsummit.com/ today! Join our Facebook group, the one-stop shop for real estate investors to learn about tax strategy and stay up to date on changing tax laws: www.facebook.com/groups/taxsmartinvestors For a free consultation from The Real Estate CPA visit www.therealestatecpa.com/become-client Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Like us on Facebook www.facebook.com/realestatecpa
Rod Khleif is a serial entrepreneur and philanthropist who is passionate about real estate, business, and giving back. Rod has owned over 2,000 apartment homes and apartment buildings and has built over 22 businesses in his 40 year business career which have been worth tens of millions of dollars. In today’s episode, we put the numbers and analysis aside and Rod takes us through an exercise on the importance of mindset and psychology when it comes to success in real estate or really any endeavor in life. Be forewarned, you may be extremely motivated after listening to this episode! Learn more about Rod and his work: https://rodkhleif.com/ To grab the recordings from the 2021 Tax and Legal Summit visit: recordings.taxandlegalsummit.com/ today! Join our Facebook group, the one-stop shop for real estate investors to learn about tax strategy and stay up to date on changing tax laws: www.facebook.com/groups/taxsmartinvestors For a free consultation from The Real Estate CPA visit www.therealestatecpa.com/become-client Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Like us on Facebook www.facebook.com/realestatecpa
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Creator Details

Birthdate
May 16th, 1991
Location
New York, New York, United States of America
Episode Count
164
Podcast Count
10
Total Airtime
4 days, 4 hours
PCID
Podchaser Creator ID logo 073199