BiggerPockets Podcast 196: LLCs, House Hacking, and Saving on Taxes with Brandon Hall

BiggerPockets Podcast 196: LLCs, House Hacking, and Saving on Taxes with Brandon Hall

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What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with Brandon Hall, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes!

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This Show Sponsored By

MACK-INV-logo_OverviewA huge thanks as well to our Fire Round sponsor MACK.

MACK Investments is the nation’s longest tenured turnkey operator with over 38 years of combined experience, with its fully vertically integrated operation in the US’s most diverse economy, Chicagoland. With over 2000+ homes under management, we serve over 300+ investors across 11 different countries. Homes are priced below 200 thousand and will generate a guaranteed CAP averaging 9% that can be leveraged to achieve returns in excess of 20%.

Learn more by visiting MACKinvestments.com.

Fire Round Sponsor

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In This Episode We Cover:

  • How Brandon realized the need for a CPA through the BP community
  • How he grew his firm through the BiggerPockets Forums
  • The importance of giving value to others
  • The details on his three-unit property
  • Tips for hiring a “leverage property manager”
  • How to find investors in your community
  • The details on his second triplex
  • Why he focuses on multifamily
  • How he funds his deals through FHA loans
  • The way he looks at PMI
  • A mistake he is guilty of when it comes to inherited tenants
  • Training your tenants and other management hacks
  • The tax benefits of house hacking
  • Mistakes he’s made in his real estate investing
  • Tips for finding a good CPA
  • Advice for those deciding whether to use an LLC or not
  • What you should know about LLCs
  • Things to know about the “real estate professional” tax designation
  • When to hire a bookkeeper
  • Common mistakes investors make with taxes
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “Don’t try to sell yourself. Let your content sell yourself.” (Tweet This!)
  • “You as the business owner should not be in the bookkeeping.” (Tweet This!)
  • “The ongoing tax strategy throughout the year, that’s the time to save money.” (Tweet This!)

Connect with Brandon

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