EP 132 - Taxes Taxes Taxes & How to Avoid Them

What did you think of todays show??EP 132 - Taxes Taxes Taxes & How to Avoid Them“You can get to a point in real estate, and it's not that hard, where you're not paying any taxes.”Host Dan Austin is back taking over this Friday Focus episode centered around the wondrous world of taxes. As the tax deadline nears, it’s the best time to listen to his tips and take advantage of the tax benefits available to real estate investors.Taxes aren’t easy for everyone to understand, but Dan gives examples for every strategy and breaks down the nuances of elements like deductions and depreciation. By the end of this episode, you’ll understand the difference between expenses and capital expenditure, how to reduce your taxable income, and MORE.Before you file your taxes, tune in to this episode to find out how you can lower your tax bill!Topics discussed in this episode:Expenses versus capital expenditureWhat’s eligible for tax write-offsHow depreciation benefits real estate investorsAvoid long-term capital gains taxes with 1031 exchangeReducing taxable income as a small business ownerTaking advantage of your real estate professional statusIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://www.collectingkeyspodcast.com/storeDownload the FREE 5-Step Guide To Generating Off Market Leads here: https://www.collectingkeyspodcast.com/freeIf you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://www.instantinvestorprogram.com and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:http://www.collectingkeyspodcast.comhttp://www.instagram.com/collectingkeyspodcasthttp://www.instantinvestorprogram.comhttp://www.instagram.com/mike_investshttp://www.instagram.com/investormandanThis episode was produced by Podcast Boutique http://www.podcastboutique.com