Covered in this video:
- How depreciation affects a W2 income earner
- What are the benefits of a “real estate professional” and how can one qualify?
- What is cost segregation and bonus depreciation?
- How does it affect a FIG property?
- A sneaky new technique to get even more tax savings via energy efficiency!
- and more..
Getting Aggressive on Tax Savings
During the COVID-19 pandemic, the Federal Reserve is dumping an astonishing amount of money into the market. There aren’t enough digits on most calculators to track it. They’ve pulled just about every rabbit out of their hat to make sure the market is liquid and that individuals and businesses can get financing. In addition, the US Government is now figuring out how to distribute stimulus checks to most Americans, fund small business payroll loans, load the SBA up with enough cash to buy Jupiter, and bankroll a host of other corporate bailouts.
Whether it actually works or not is beside the point. Whether you agree with it or not doesn’t matter.
Because it’s happening.
And you can’t pump that much money out without eventually seeing an increase in taxes or inflation. Or both.
So as a real estate investor, it’s time to get aggressive on tax savings. As we’ve talked with investors all over the USA, we’ve realized there is a lot of confusion as to how depreciation works, how much you can get, who qualifies, etc.
And if you’re in the market for new construction duplexes or fourplexes, reach out! We have a couple of options that can start construction in the next 45 days in Meridian, ID, Cypress, TX, and Payson, UT! We even have options in a Federal Opportunity Zone in Provo, UT that start later this summer. You can view all of these developments here.
On the call:
Steve Olson, Director of Sales at the Fourplex Investment Group
Mark Barbour, Specialty Tax Advisors