You might think accounting is the most boring aspect of real estate investing—but what if we told you having the right accountant could save you thousands of dollars on taxes?
On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Certified Public Accountant and real estate investor Thomas Castelli. Thomas is an accountant with Hall CPA who helps real estate investors and business owners reduce their taxes and build wealth. He is also the founder of New Babylon Capital, a holding company for his investments.
It may sound easy to reduce taxes, but it isn’t. Jonathan and Thomas’s conversation delves into the benefits of having an accountant specialized in real estate investing, why bookkeeping is often an investor’s biggest struggle, and the items business owners buy for intentional depreciation purposes. You’ll also hear what an initial consultation with an expert like Thomas consists of, the reason you don’t have to be afraid of audits if you’re organized, and Thomas’s focus on passive real estate investing. Finally, Jonathan and Thomas uncover what it takes to become qualified as an accredited investor, what it takes to get started in syndications, and the one tax mistake investors continue to make—and how you can avoid it.
For an in-depth conversation with a knowledgeable tax expert, don’t miss Jonathan’s interview with Thomas Castelli to take your investing career to the next level.
In this episode, you will hear:
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Supporting Resources:
Visit Thomas Castelli’s website - thomascastelli.com
Thomas’s YouTube channel - www.youtube.com/@TheRealEstateCPA/videos
Find Thomas on Facebook - www.facebook.com/castellithomas
Thomas on Instagram - www.instagram.com/thomascastellicpa
Connect with Thomas Castelli on LinkedIn - www.linkedin.com/in/thomascastelli
Thomas on Twitter/X - twitter.com/thomascastelli_
Find Thomas on TikTok - www.tiktok.com/@thomascastellicpa
Hall CPA - www.therealestatecpa.com/thomas
Website - www.streamlined.properties
YouTube - www.youtube.com/c/JonathanGreeneRE/videos
Instagram - www.instagram.com/trustgreene
Instagram - www.instagram.com/streamlinedproperties
TikTok - www.tiktok.com/@trustgreene
Zillow - https://www.zillow.com/profile/StreamlinedReal
Bigger Pockets - www.biggerpockets.com/users/TrustGreene
Facebook - www.facebook.com/streamlinedproperties
Email - [email protected]
Episode Credits:
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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