You are taxed when you earn money. You are taxed when you spend money, you are taxed when you invest your money, then you are taxed when you die!

This short article will give you enough knowledge to cut your taxes by 30-40%!

Think about it. Many investors do not use the correct entities to conduct their real estate activities and therefore pay more tax than they would otherwise have to.

Most investors buy and own properties in their own name, opening themselves up not only to increased taxes but also fortune-stealing lawsuits and other liabilities.

Even when a real estate investment is successful, too large a percentage is paid out to the government in gains taxes.

Let’s look at some possibilities:

• How would you like to be able to add $200-$1,000 per month, every month, to your paycheck, starting with your next pay check?

• How about eliminating 15.3 percent in taxes from most of your self employed income, flips and rehabs?

• Eliminate the taxes on your capital gains while pulling out cash, tax free

• Learn to use your IRA as a source of tax free capital to skyrocket your asset building program.

• Eliminate the expense and delays of probate of your properties and reduce estate taxes when you die.

Fortunately, there are a couple of things you, as a real estate investor can do immediately to slice your tax burden substantially.

Treat your real estate business as a business and take all of the deductions and expenses you are probably overlooking but are entitled to by law.

• Home office expenses
• Travel expenses (vacation or business trip, the difference is huge!)
• Employment of family members including children
• Auto expenses
• Entertainment expenses
• Family medical expenses
• Retirement plans
• Proper business entity

• For instance, I bet there are not too many real estate investors who have an IRA plan tied to their business. This is a huge sink hole that could shelter thousands of dollars from taxes each year which can actually be used to finance your real estate investments!

• Do you employ your children in your business? The IRS has given the green light to employing kids as young as 7 in your business, assuming the work is appropriate and the pay is competitive with pay for the same work in your area.

• The proper business entity issue is a sleeper, an expensive and dangerous one. The LLC has become a very popular business entity in recent years. However, if you have an active real estate business; flipping, rehabbing, etc. It is costing you an extra 15.3% in extra taxes! These are self employment taxes which an S Corp would avoid while still retaining the pass through aspect as well as the asset protection aspect of the LLC.

• If you are flipping properties or buying properties to rehab and sell, you run the risk of being classified as a “Real Estate Dealer” as opposed to an investor by the IRS. This is serious as you will no longer be able to write off the property’s depreciation, sell on an installment contract or use a 1031 tax free exchange. The answer, in this case too, is to use an S Corp to handle all of your flips or rehabs. This way, if the IRS characterizes the companies activities as a dealer, it will be the S corp and not you personally, that will get hit with the restrictions.

• Then there is the Land Trust, a whole subject to itself. Putting your property into a land trust not only provides asset protection, it also shields your capital gains from taxation and your depreciation is not recaptured on
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  • How would you like to be able to add $200-$1,000 per month, every month, to your paycheck, starting with your next pay check?
  • How about eliminating 15.3 percent in taxes from most of your self employed income, flips and rehabs?
  • Eliminate the taxes on your capital gains while pulling out cash, tax free
  • Learn to use your IRA as a source of tax free capital to skyrocket your asset building program.
  • Eliminate the expense and delays of probate of your properties and reduce estate taxes when you die.
  All it takes is a bit of knowledge about how the tax system really works and an understanding of the laws of money.

  Fortunately, there are a couple of things you, as a real estate investor can do immediately to slice your tax burden substantially.

  Treat your real estate business as a business and take all of the deductions and expenses you are probably overlooking but are entitled to by law.

  • Home office expenses
  • Travel expenses (vacation or business trip, the difference is huge!)
  • Employment of family members including children
  • Auto expenses
  • Entertainment expenses
  • Family medical expenses
  • Retirement plans
  • Proper business entity
  You are probably taking some of these deductions now, like the auto expense or entertainment write offs. However, you are leaving money on the table, hundreds of dollars per month if you do not use all the tax loop holes you can.
  • For instance, I bet there are not too many real estate investors who have an IRA plan tied to their business. This is a huge sink hole that could shelter thousands of dollars from taxes each year which can actually be used to finance your real estate investments!
  • Do you employ your children in your business? The IRS has given the green light to employing kids as young as 7 in your business, assuming the work is appropriate and the pay is competitive with pay for the same work in your area.
  • The proper business entity issue is a sleeper, an expensive and dangerous one. The LLC has become a very popular business entity in recent years. However, if you have an active real estate business; flipping, rehabbing, etc. It is costing you an extra 15.3% in extra taxes! These are self employment taxes which an S Corp would avoid while still retaining the pass through aspect as well as the asset protection aspect of the LLC.
  • If you are flipping properties or buying properties to rehab and sell, you run the risk of being classified as a “Real Estate Dealer” as opposed to an investor by the IRS. This is serious as you will no longer be able to write off the property’s depreciation, sell on an installment contract or use a 1031 tax free exchange. The answer, in this case too, is to use an S Corp to handle all of your flips or rehabs. This way, if the IRS characterizes the companies activities as a dealer, it will be the S corp and not you personally, that will get hit with the restrictions.
  • Then there is the Land Trust, a whole subject to itself. Putting your property into a land trust not only provides asset protection, it also shields your capital gains from taxation and your depreciation is not recaptured o
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    Treat your real estate business as a business and take all of the deductions and expenses you are probably overlooking but are entitled to by law.

    • Home office expenses
    • Travel expenses (vacation or business trip, the difference is huge!)
    • Employment of family members including children
    • Auto expenses
    • Entertainment expenses
    • Family medical expenses
    • Retirement plans
    • Proper business entity
    You are probably taking some of these deductions now, like the auto expense or entertainment write offs. However, you are leaving money on the table, hundreds of dollars per month if you do not use all the tax loop holes you can.
    • For instance, I bet there are not too many real estate investors who have an IRA plan tied to their business. This is a huge sink hole that could shelter thousands of dollars from taxes each year which can actually be used to finance your real estate investments!
    • Do you employ your children in your business? The IRS has given the green light to employing kids as young as 7 in your business, assuming the work is appropriate and the pay is competitive with pay for the same work in your area.
    • The proper business entity issue is a sleeper, an expensive and dangerous one. The LLC has become a very popular business entity in recent years. However, if you have an active real estate business; flipping, rehabbing, etc. It is costing you an extra 15.3% in extra taxes! These are self employment taxes which an S Corp would avoid while still retaining the pass through aspect as well as the asset protection aspect of the LLC.
    • If you are flipping properties or buying properties to rehab and sell, you run the risk of being classified as a “Real Estate Dealer” as opposed to an investor by the IRS. This is serious as you will no longer be able to write off the property’s depreciation, sell on an installment contract or use a 1031 tax free exchange. The answer, in this case too, is to use an S Corp to handle all of your flips or rehabs. This way, if the IRS characterizes the companies activities as a dealer, it will be the S corp and not you personally, that will get hit with the restrictions.
    • Then there is the Land Trust, a whole subject to itself. Putting your property into a land trust not only provides asset protection, it also shields your capital gains from taxation and your depreciation is not recaptured o
      Pre-Foreclosure Investing
      The advantage to buying a property at a foreclosure auction is that you can often pay far less than you would have under normal circumstances. Frequently you can invest in improvements and then sell the home for a much higher price than your cost.The disadvantages and risks are more numerous. Simply to participate in the auction you must have sufficient funds available (either cash or a cashier’s check) to cover 10% of the purchase price. You also must be able to arrange for financing within thirty days to complete the purchase or you risk losing your deposit. Next, y
      is a huge sink hole that could shelter thousands of dollars from taxes each year which can actually be used to finance your real estate investments!
    • Do you employ your children in your business? The IRS has given the green light to employing kids as young as 7 in your business, assuming the work is appropriate and the pay is competitive with pay for the same work in your area.
    • The proper business entity issue is a sleeper, an expensive and dangerous one. The LLC has become a very popular business entity in recent years. However, if you have an active real estate business; flipping, rehabbing, etc. It is costing you an extra 15.3% in extra taxes! These are self employment taxes which an S Corp would avoid while still retaining the pass through aspect as well as the asset protection aspect of the LLC.
    • If you are flipping properties or buying properties to rehab and sell, you run the risk of being classified as a “Real Estate Dealer” as opposed to an investor by the IRS. This is serious as you will no longer be able to write off the property’s depreciation, sell on an installment contract or use a 1031 tax free exchange. The answer, in this case too, is to use an S Corp to handle all of your flips or rehabs. This way, if the IRS characterizes the companies activities as a dealer, it will be the S corp and not you personally, that will get hit with the restrictions.
    • Then there is the Land Trust, a whole subject to itself. Putting your property into a land trust not only provides asset protection, it also shields your capital gains from taxation and your depreciation is not recaptured o
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    • If you are flipping properties or buying properties to rehab and sell, you run the risk of being classified as a “Real Estate Dealer” as opposed to an investor by the IRS. This is serious as you will no longer be able to write off the property’s depreciation, sell on an installment contract or use a 1031 tax free exchange. The answer, in this case too, is to use an S Corp to handle all of your flips or rehabs. This way, if the IRS characterizes the companies activities as a dealer, it will be the S corp and not you personally, that will get hit with the restrictions.
    • Then there is the Land Trust, a whole subject to itself. Putting your property into a land trust not only provides asset protection, it also shields your capital gains from taxation and your depreciation is not recaptured on the sale!
    Once these additional expenses are realized and correctly documented and the proper entities are employed it is likely that you will show a loss in your real estate operations, especially if you are a new investor.

    This loss can be written off against the income from your regular job or self employed earnings, resulting in an increase in your net take home pay of hundreds of dollars each month, enough to make a difference in your lifestyle.