Let’s give a big welcome to Brady Slack from High Country Finance. 

Our question today is how can real estate be a benefit to us as people who pay taxes?

First let’s talk about long term holds that are multi-family, single family or commercial: on paper we should always be able to see a scenario which would result in no federal income taxes on those properties. They work out to be a loss and that doesn’t mean you’re not cash flowing; here’s how it works: with long term rentals. you receive your rental income and then you have a multitude of hardline deductions in the form of expenses that you are paying over the course of the year. Track these and you’ll still be net positive hopefully, but you’ll also be able to show depreciation, which you can front-load. 

For those of you with questions about capital gains taxes be sure to listen to the end. Capital gains taxes are based on how long you have held the asset (whether that’s less than 1 year or greater than 1 year) and how much income you make. 

Don’t let the fear of paying taxes keep you from making money. 

Let us know if you have any questions for Brady Slack because we’ll be having him back!

Despite the fear of investing, the market has not slowed down and you can still make a profit. In today’s episode, we’ll cover how to make the most of your money in the current market. We’ll go in depth on what to buy and when you should sell for the most financial gain. 

Check us out at :

https://www.primerealestateexperts.com/