Taxes


What You Need to Know About 1031 Exchanges

What You Need to Know About 1031 Exchanges

A 1031 exchange is an incredibly powerful tool that allows an individual to save on taxes after the sale of a piece of real estate. This tax deferral program permits the investor to sell a real estate property and then reinvest the funds in a property of equal or...
Understanding Depreciation for Real Estate Investing

Understanding Depreciation for Real Estate Investing

Depreciation is defined as the reduction in the value of an asset over time. Depreciation is one of the most powerful tax benefits of real estate investing! Our favorite CPA Tom Wheelwright calls depreciation “the magical deduction.” Depreciation is important because...
What Is a 1031 Exchange?

What Is a 1031 Exchange?

A 1031 exchange is a powerful tool that allows an individual to save on taxes after the sale of a piece of real estate. This tax deferral program permits the investor to sell a real estate property and then reinvest the funds in a property of equal or greater value....
Three Tax Incentives for Real Estate Investors

Three Tax Incentives for Real Estate Investors

Taxes are an essential component in any business, and real estate investing is no different. Fortunately, there are enormous tax benefits in owning residential real estate. Being strategic about taxes year-round can totally change your experience and perspective on...
10 Tax Deductions for Real Estate Investors

10 Tax Deductions for Real Estate Investors

My favorite tax accountant Tom Wheelwright likes to say, “if you’re a real estate investor and you’re paying taxes, then you’re doing something wrong!” One of the top benefits of real estate investing is the enormous overall implication on your tax burden. We aren’t...