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

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

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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!

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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

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