You could be making thousands of dollars more a year with these basic real estate tax write-offs. You DON’T need to own a hundred units or have some high-priced CPA to take advantage of ANY of these tax tips, but you do need to know about them in order to save the most on your yearly tax bill. Thankfully, we’ve got a real estate CPA here to help walk you through which deductions do the most for you come tax season.
We’re switching roles today as Amanda Han, CPA and investor, interviews Ashley Kehr, host of the “Real Estate Rookie” podcast. Amanda loves being a CPA almost as much as Ashley loves not being a CPA. Before becoming the real estate mogul you know today, Ashley was doing taxes for a living. She hated the desk job life so much that she left to start her own real estate portfolio—but she took all the tax tips with her.
Amanda and Ashley share some of the EASIEST, most powerful tax-saving tips that you can use as a rookie real estate investor. These tips could save you THOUSANDS of dollars and DOZENS of hours at the end of the year, so do NOT skip this!
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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Grab Your Copy of Amanda’s Book, “The Book on Tax Strategies for the Savvy Real Estate Investor”:
https://store.biggerpockets.com/products/the-book-on-tax-strategies-for-the-savvy-real-estate-investor?utm_source=owned_media
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Grab Ashley’s Investing Books:
Real Estate Rookie: https://store.biggerpockets.com/products/real-estate-rookie?utm_campaign=BiggerPockets-Podcast&utm_source=sponsorships&utm_medium=podcast
Real Estate Partnerships: https://store.biggerpockets.com/products/real-estate-partnerships?utm_campaign=BiggerPockets-Podcast&utm_source=sponsorships&utm_medium=podcast
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Hear Ashley on The “Real Estate Rookie” Podcast:
https://www.biggerpockets.com/podcasts/real-estate-rookie?utm_source=owned_media
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Try Stessa for Simple Rental Property Accounting:
https://www.stessa.com/?utm_campaign=BiggerPockets-Podcast&utm_source=sponsorships&utm_medium=podcast
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Connect with Amanda:
BiggerPockets: https://www.biggerpockets.com/users/keystonecpa?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @amanda_han_cpa or https://www.instagram.com/amanda_han_cpa/
Website: https://www.keystonecpa.com/
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Connect with Ashley:
BiggerPockets:
https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
00:00 Save THOUSANDS in Taxes!
01:19 Burnt Out Accountant to Investor!
04:44 DON’T Make This Mistake
07:35 Do You NEED to 1099 Contractors?
9:19 BEST Tax-Saving Tip
11:51 A HUGE Write-Off
14:55 What to Know BEFORE You Invest
17:05 Connect with Ashley and Amanda!
