Top Tax Tips for Real Estate Investors
The Ultimate Tax Guide for Real Estate Investments
Pay Yourself by Reducing Taxes
Real estate is the best way to minimize taxes for those who know what they are doing: deductions for interest and closing costs paid, depreciation, third party services, and more.
Real estate investors need a solid annual and long term tax strategy to consistently minimize tax liability and maximizes earnings and wealth. Fort Wayne’s top tax man shows you how.
Investors Have More To Gain by Uncovering These Tax Benefits
Benjamin Franklin said, ‘In this world nothing is certain, except death and taxes’. But the difference between death and taxes is that death doesn’t get worse every time Congress meets.
We have unique tax aspects of rental activities as compared to other trades or businesses. But most real estate investors do not know how to use these benefits so its like throwing hard earned money away. It’s your money- learn to keep it!
The Tax Benefits for Real Estate Investments
The course instructor Rex Harris explains, “We have found that many business owners become so busy working that they don’t realize how they are progressing. We can get creative and I encourage my staff to think outside the box. We study a transaction that looks one way but we ask ourselves if that is what is happening. If the transaction were structured differently, would it be more beneficial economically or from income tax perspective? If circumstances involving the transaction were to change, do we have options available to us or a backup plan?”
Call your assessor’s office and ask them what are the ways investors are reducing or eliminating taxes. Then download the training and reel in a knowledge of these tax benefits. Get the most from real estate benefits with a well-crafted annual and long term strategy taught in this training.
Proper Strategy Prevent Economic Consequences
Without a tuned strategy hundreds of thousands can be lost each year. Harris puts it this way, “Many clients may be poised to move forward with a new business venture without fully understanding the risks involved. Like this often involves the client taking on indebtedness, which could have serious personal economic consequences if the venture fails. We make sure that they understand the risks and possible ramifications of their decision, and we try to make sure that they are considering all the factors involved.”
Here’s what you get…
The Ultimate Guide to Real Estate Investment Tax Benefits:
- Limiting personal legal liability by forming an LLC.
- Proper use of depreciation to reduce net rental income
- Use of Section 469 election to enhance rental loss deductions.
- Passive activity loss limitations applied to real estate and investors.
Beginner to Advanced
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I’ll pay whats owed but not one penny more. It’s my responsibility to find legal escape-clauses to reduce the ever-present personal and business tax obligation whenever possible. I do this by developing a supportive real estate team that includes a solid Tax Attorney or CPA to arm ourselves with the critical savings and strategies that Rex teaches in this live Main Event.
Scott FladHammer, Wealth Education™
MEET THE PRESENTER
Rex Harris of Harris & Associates, Inc. is one of Fort Wayne’s top tax man for small business owners and real estate investors. Harris started his firm in 1978 focusing on small businesses and how real estate can save clients money by reducing taxes. In addition to counseling the Fort Wayne MLS and the Association of Realtors Rex owns and invests in real estate himself: this is huge when building your REI Dream Team. “Our number 1 goal is to help our clients become as successful as possible and he in this way, we become successful”. This attitude has earned him referrals from bankers, attorneys and financial consultants as well as existing clients.
I’ve seen businesses involved from struggling businesses to financially independent corporations. For many, it is the American dream to have a whole minute business. Many of our clients have reached that goal, have gain financial independence and are providing jobs for other people. I like to remember how they were; I was there when it happened, and that makes my day worthwhile. Our philosophy is that we always do what is best for the client”
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