Episode 38: The Tax Game of Real Estate – Secrets Your CPA Won’t Tell You (with Liz Hernandez, CPA)

Send us Fan MailThink buying real estate gets you out of paying taxes? Think again. In this episode, I sit down with Liz Hernandez—a real estate investor and CPA who drops truth bombs about depreciation, the short-term rental loophole, cost segregation, and why your flip isn’t 1031-exchangeable (yep, we said it).We break down the biggest tax mistakes beginners make, how to really benefit from deductions without an LLC, and the difference between saving money and actually building wealth. If you’ve ever been confused about write-offs, depreciation recapture, or how to avoid a 40% tax hit on your flip, this episode is your cheat code.Whether you’re holding, flipping, or Airbnb-ing, this one’s packed with real talk to keep your CPA from sending you bad news next April.Follow the show:Instagram: https://instagram.com/rickyricardoshowAbout the show:The Ricky Ricardo Show documents the real journey of building financial freedom through leverage, better decision-making, and real-world lessons — in real time.Real estate is the current vehicle, but the principles apply far beyond it.