Tax Advantages of Owning Fourplexes
– Episode 5 –
This month we brought on guest speaker, Mark Barbour, of Specialty Tax Advisors to break down common questions and strategies we can apply as multifamily investors.
During the COVID-19 pandemic, the Federal Reserve is dumping an astonishing amount of money into the market. There aren't enough digits on most calculators to track it. They've pulled just about every rabbit out of their hat to make sure the market is liquid and that individuals and businesses can get financing. In addition, the US Government is now figuring out how to distribute stimulus checks to most Americans, fund small business payroll loans, load the SBA up with enough cash to buy Jupiter, and bankroll a host of other corporate bailouts.
Whether it actually works or not is beside the point. Whether you agree with it or not doesn't matter.
Because it's happening.
And you can't pump that much money out without eventually seeing an increase in taxes or inflation. Or both.
So as a real estate investor, it's time to get aggressive on tax savings. As we've talked with investors all over the USA, we've realized there is a lot of confusion as to how depreciation works, how much you can get, who qualifies, etc.
On the webinar, we dive deep into what tax advantages investors can get, what a real estate professional is, how the new CARES act affects losses you can claim (in a good way) and a sneaky technique property owners may be able to use to get a $2k tax CREDIT on every door they own!
And if you're in the market for new construction duplexes or fourplexes, reach out! We have a couple of options that can start construction in the next 45 days in Meridian, ID, Cypress, TX, and Payson, UT! We even have options in a Federal Opportunity Zone in Provo, UT that start later this summer. You can link to all of these developments here.
Chat with Steve Olson
(Director of Sales)
Steve is a real estate investment agent with RE/MAX Equity and is Director of Sales here at FIG. He holds Licenses in CA, UT, and TX and is co-listing agent throughout UT, AZ, ID, and TX.