In the wake of Republican-led tax bill being pushed through the house and senate in rapid-fire fashion, commercial real estate is poised for big gains.
Though there are some disparities between the current House and Senate versions of the bill, it looks like the commercial real estate market will fare better than the residential real estate industry.
One of the things I love most about my work is seeing people move from the left side of the CashFlow Quadrant to the right side of the quadrant.
The process of moving from being an employee or self-employed to a business owner or sophisticated investor is a bit like that of a caterpillar turning into a beautiful butterfly. It takes time, and often requires a total transformation in mindset and behavior.
I wanted to take the time to write about the top ten tax deductions available for real estate investors. Though some of this may seem relatively elementary, I’ve included a few gold nuggets for even our most experienced clients.
Real estate investors are always asking what expenses landlords can deduct. Because the answer to that question can quite literally be endless, we often tell our clients to record everything. For those expenses that our clients are unsure about, we ask them to create an “ask my accountant” category or account in their bookkeeping solution which they can discuss during a short call.
The Real Estate Professional status is a designation given by the IRS based on the number of hours that you work in real estate activities versus other activities.
It doesn’t mean that you have to become a real estate sales agent or broker. You don’t need to drive around showing people houses or putting out “for sale” signs.
When it comes to retirement savings, we all do wish for the same amount of investment freedom that we usually get with our other investments. Traditionally, most of the financial institutions offer limited investment options, starting with stocks and bonds to mutual funds and CDs only.
