625: Live Takes: How to Tackle the Tax Man by Buying More Real Estate 01:07:40

    <p>Every investor wants to know <a href="https://www.biggerpockets.com/blog/capital-gains-tax"><strong>how to avoid taxes</strong></a>. Many rental property investors get into real estate for this reason alone. And it makes sense—<strong>rental property write-offs</strong> are not only common in the world of real estate investing but can be very lucrative in almost <strong>eliminating your yearly tax burden</strong>. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property?</p><p>We’re back again with another <strong>Live Takes episode</strong>, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about <strong>how to reduce self-employment tax</strong>, <a href="https://www.biggerpockets.com/blog/real-estate-mentor"><strong>finding a mentor</strong></a> when you’re brand new to the investing game, what happens when <strong>partners disagree</strong> on where and what to invest in, and<strong> how to maximize depreciation</strong> on a cash-flowing property.</p><p><strong>Do you have a question you’d love to ask David?</strong> If so, <a href="http://biggerpockets.com/david"><strong>submit your question here</strong></a> so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or <a href="https://www.instagram.com/davidgreene24/?hl=en">follow David on Instagram</a> to see when he’s going live so you can jump on a live Q&amp;A and get your question answered on the spot!</p><p><strong>In This Episode We Cover:</strong></p><p>How real estate professional status can <strong>greatly reduce your tax burden</strong> (if you qualify)</p><p>Why smart investors look at their income <strong>before buying their next property </strong></p><p>The <strong>most valuable thing</strong> a new investor can<strong> bring to a mentor</strong></p><p>How to know<strong> when to pivot investing strategies</strong> and the bright side of “shiny object syndrome”</p><p>What to do when you and an investing partner <strong>can’t reach a compromise </strong></p><p><strong>Building and buying </strong><a href="https://www.biggerpockets.com/blog/beginners-guide-depreciating-investment"><strong>depreciation</strong></a> so you can keep more of your cash flow</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.youtube.com/channel/UCVWDbXqQ8cupuVpotWNt2eg">BiggerPockets Youtube Channel</a></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/membership-types">BiggerPockets Pro Membership</a></p><p><a href="https://store.biggerpockets.com/">BiggerPockets Bookstore</a></p><p><a href="https://www.biggerpockets.com/blog/real-estate-investing-bootcamps">BiggerPockets Bootcamps</a></p><p><a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a></p><p><a href="https://www.biggerpockets.com/bpcon2022?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Get Your Ticket for BPCon 2022</a></p><p><a href="https://www.youtube.com/c/DavidGreeneRealEstate">David’s YouTube Channel</a></p><p><a href="https://www.biggerpockets.com/david?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Ask David Your Real Estate Investing Question</a></p><p><a href="https://www.biggerpockets.com/podcasts?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Listen to All Your Favorite BiggerPockets Podcasts in One Place</a></p><p><a href="https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA">Subscribe to The “On The Market” YouTube Channel</a></p><p><a href="https://www.biggerpockets.com/users/davidgreene24">David’s BiggerPockets Profile</a></p><p><a href="https://www.instagram.com/davidgreene24/">David's Instagram</a></p><p><a href="https://www.biggerpockets.com/users/davem27?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Dave's BiggerPockets Profile</a></p><p><a href="https://www.instagram.com/thedatadeli/">Dave's Instagram</a></p><p><a href="https://www.biggerpockets.com/blog/beginners-guide-depreciating-investment?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Understanding Rental Property Depreciation</a></p><p><a href="https://www.biggerpockets.com/blog/real-estate-mentor?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">9 Simple Steps to Finding the Best Real Estate Mentor for You</a></p><p><a href="https://www.instagram.com/thehenrywashington/">Henry's Instagram</a></p><p><br></p><p>Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625</p><p><em>Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our </em><a href="https://www.biggerpockets.com/blog/sponsors"><em>sponsor page</em></a><em>!</em></p>
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