40 min

MB342: What Investors Need to Know About Taxes – With Thomas Castelli Financial Freedom with Real Estate Investing

    • Investing

All CPAs are not created equal. And if you’re working with an accountant who doesn’t understand real estate tax strategy, you may be leaving tens of thousands of dollars on the table.
Thomas Castelli, CPA, CFP, is Partner at Hall CPA, an entrepreneurial accounting firm that helps real estate investors minimize tax and maximize profit.
Out of college, Thomas landed a ‘dream job’ at a traditional accounting firm but soon realized he wasn’t on the path to the lifestyle he wanted. To achieve financial freedom, he built a portfolio of passive investments in apartment buildings before participating in his first deal as an active partner.
On this episode of Financial Freedom with Real Estate Investing, Thomas joins Garrett and me to discuss why he chose to put his money in multifamily over other investments.
Thomas offers a high-level overview of how the taxation of real estate works, explaining who benefits from bonus depreciation and why we can report a loss despite earning substantial cashflow.
Listen in for Thomas’ top strategies for deferring capital gains and find out why tax planning is so important for real estate investors!
For full episode show notes visit: https://themichaelblank.com/podcasts/session343/

All CPAs are not created equal. And if you’re working with an accountant who doesn’t understand real estate tax strategy, you may be leaving tens of thousands of dollars on the table.
Thomas Castelli, CPA, CFP, is Partner at Hall CPA, an entrepreneurial accounting firm that helps real estate investors minimize tax and maximize profit.
Out of college, Thomas landed a ‘dream job’ at a traditional accounting firm but soon realized he wasn’t on the path to the lifestyle he wanted. To achieve financial freedom, he built a portfolio of passive investments in apartment buildings before participating in his first deal as an active partner.
On this episode of Financial Freedom with Real Estate Investing, Thomas joins Garrett and me to discuss why he chose to put his money in multifamily over other investments.
Thomas offers a high-level overview of how the taxation of real estate works, explaining who benefits from bonus depreciation and why we can report a loss despite earning substantial cashflow.
Listen in for Thomas’ top strategies for deferring capital gains and find out why tax planning is so important for real estate investors!
For full episode show notes visit: https://themichaelblank.com/podcasts/session343/

40 min