There are a lot of reasons to love being a real estate investor. One of the most impressive is the “unfair” tax treatment investors get by the US Government – and we mean that in a good way!

On today’s episode of The BiggerPockets Podcast, we sit down with CPA Linda Weygant to learn more about those incredible tax benefits. You’ll also hear how she discovered the power of real estate through her clients, and how that led her to begin her own investing journey.

Linda shares how she navigates the messy world of investing in properties that have HOAs, as well as how she uses her “unfair advantages” to succeed where others fail. Finally, as a CPA, we have a special “tax-focused-Fire-Round” where we talk about LLCs, deductions, and much more!

In This Episode We Cover:

How Linda got into real estate
Why the government likes real estate investors
What her first deal looked like
What to look out for when using credit cards for rehabs
Should you be debt free before investing?
Debt to income ratio
Why she chose a townhouse as a first investment
Her HOA story
The landlord vs HOA mentality
How she got her positions in the HOA boards
Rent-By-The-Room apartments
How to manage Rent-By-The-Room
Investing with family and getting an LLC
How one should handle their business
Where she’s headed in the next 10 years
And SO much more!

Links from the Show

Books Mentioned in this Show

Fire Round Questions

Writing off a firearm?
Meet 750hrs on a Single Rental Property?
Is education cost a tax deductible business expense?

Tweetable Topics:

“The costs to maintain a property go up every year.” (Tweet This!)
“Always be open for something new.” (Tweet This!)
“Always treat your tenants with respect.” (Tweet This!)

Connect with Linda

Linda’s BiggerPockets Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

244: “Unfair” Taxes and Unfair Advantages with Linda Weygant, CPA 01:20:35

BiggerPockets Real Estate Podcast

Shownotes Transcript

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244: “Unfair” Taxes and Unfair Advantages with Linda Weygant, CPA