Interview on Real Estate Tax Planning

Recently I was interviewed by expert real estate investor and mentor Laura Al Amery about tax planning for real estate investors, property flippers and landlords. Listen along below as Laura asks and I answer her following questions:

  • What types of records should real estate investors keep if they either wholesale properties, or buy and hold?
  • When should an investor use an LLC vs. a corporation?
  • Does it make a difference if a real estate investor is taxed as a sole proprietor?
  • When can a real estate investor pay capital gains taxes vs. income taxes?
  • Can 1040 Wealth Designs, LLC work with real estate investors in all 50 states?

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Laura has been a real estate investor for many years and mentors investors getting involved in the real estate investing market for the first time, and also those looking to expand their deal and finance creativity. For those interested, you can find more about Laura’s services by clicking here and checking out her real estate mentorship website.

About this Author 

John Beidle is an enrolled agent who specializes in helping entrepreneurs, small business owners and real estate investors pay the least amount of tax as legally possible.

About The Author

John Beidle

John Beidle is an enrolled agent who specializes in helping entrepreneurs, small business owners and real estate investors pay the least amount of tax as legally possible.

3 Comments

  • Federal Forms

    March 26, 2012

    This is a great post. I actually use my family’s taxes to increase our savings rate. My husband is an awful saver, and tends to spend most of what is left in his accounts after his half of the bills are paid. I’m the saver, and so am in charge of our investments and our liquid fund. I’ve always had him *increase* his withholding when he’s started new jobs. He forgets he’s paying more of our tax bill (especially since I also do our taxes). When our fat refund comes in February, he gets a little fun money, and I roll the rest into our IRA and house fund. This way, we both pay half the bills, and both save almost the same amount of money over the course of the year, without any arguments.

    • John Beidle

      April 8, 2012

      It is not exactly smart use of your money to give up it’s use until you get a refund. However, sometimes when you have a spendthrift spouse, it can be your best strategy. Good luck to you and yours.