Shielding Your Finances: Avoid Tax Audit Pain Through Organized Planning with Leslie Fitzgerald Ep. 120

Meet Leslie Fitzgerald, a seasoned real estate entrepreneur with a remarkable track record spanning almost three decades. With a profound passion for real estate and design, Leslie has masterfully managed and owned an impressive portfolio of multi-family properties, strategically leveraging her expertise to create thriving investment ventures.In this episode, we talk about: Leslie’s journey as an experienced real estate investor and her pivot to US investments due to unfavorable tenant laws in Canada.Poor record keeping can lead to issues with the Canada Revenue Agency (CRA), as Leslie experienced firsthand.Being proactive about record keeping can save investors from complications during audits or legal disputes.The requirements for claiming educational expenses and how they need to be directly related to an active business operation.How accountants play a crucial role in understanding short-term and long-term financial strategies, especially when dealing with deductible expenses like education costs.Tune in to the Let's Get Real Estate Podcast to gain invaluable insights into navigating tax-related issues in real estate investing!About LeslieRenowned for her expertise in the Buy, Rehab, Rent, Refinance, Repeat (BRRR) method, Leslie has perfected the art of acquiring undervalued properties, revitalizing them through strategic renovations, and subsequently renting them out to secure a consistent stream of income. Her unparalleled experience in the BRRRR method has not only yielded impressive financial gains but also solidified her reputation as a trailblazer in the industry. Throughout her journey, Leslie has not only accumulated wealth but has also garnered a wealth of knowledge, insight, and foresight into the dynamic real estate landscape. Her commitment to innovation and adaptability has enabled her to navigate market fluctuations, consistently staying ahead of the curve. As a visionary leader in the real estate realm, Leslie continues to inspire both seasoned investors and newcomers alike. Her accomplishments stand as a testament to the power of strategic thinking, dedication, and a relentless pursuit of excellence in the world of real estate investment.Connect with LeslieFacebook - https://www.facebook.com/leslie.fitzgerald.73?mibextid=ZbWKwLConnect with Danielle ChiassonWebsite: https://strategicsuccessconsulting.comLinkedIn: https://www.linkedin.com/in/daniellechiasson/Facebook: https://www.facebook.com/DaniChiassonInstagram: https://www.instagram.com/letsgetrealTikTok: https://www.tiktok.com/@danichiassonBook in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chatListen in and subscribe for more.You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.Interested in becoming a guest on the show? Email [email protected] with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/.