Business Management

Interview: How to Harness the Power of Real Estate Tax Strategies to Grow Your Investments

Expertise: Personal Development
15 Articles Written

I had the pleasure of interviewing my friends Amanda Han and Matthew MacFarland, authors of  The Book on Tax Strategies for the Savvy Real Estate Investor.

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Amanda and Matt are the husband and wife CPA team behind Keystone CPA, a certified public accountant practice that specializes in helping real estate investors create plans that keep more of their cash and give less to the IRS. In addition to advising real estate investors every day, Matt and Amanda are also real estate investors who understand the power that tax savings can have on the growth of an investment.

Related: Tax-Saving Strategies for Real Estate Investors: How to Pay Less & Keep More This Year

What This Interview Covers

We talk about:

  • Can I write off expenses incurred when investigating the purchase of an investment property (e.g. travel, inspections) if I ultimately decided not to purchase the property?
  • How does tax strategy or planning differ from just doing taxes retroactively?
  • What software do you prefer your client to use to track their expenses?
  • How can we write our kids off? Economically and also emotionally?
  • How should someone pick a CPA?
  • What are some common mistakes CPAs might make when doing a real estate investor’s taxes?
  • How can I write off my vacation?
  • Do I need an LLC? Why should I have one? And when it does make sense to go without one? If I’m buying my first property, can I get away with not having an LLC? Does a legal entity mean more tax deductions?
  • And much more!

Also, if you missed my last interview with Gino Blefari, the chief executive officer for HSF Affiliates LLC, you can find it here.

Have any questions about the topics covered in this interview?

Let’s talk in the comments section below!

Jordan Thibodeau is a tech employee and real estate investor. While working with his father, Jordan learned the family business of real estate investing and made his first real estate investment in 2013 when he purchased a duplex in Sacramento. Jordan went on to form the Silicon Valley Investors Club, which is one of the largest investing clubs for current and former tech employees with nearly 6,000 members. He wrote a popular BP blog post that has helped numerous full-time employees get started in real estate investing. He writes a monthly investment newsletter called Investors Therapy that helps investors understand psychology in order to make better investment decisions. His writing has appeared on Forbes and Thrive Global. Also, Jordan has interviewed or hosted some of America’s top thought leaders and investors such as Ray Dalio, Anne Wojcicki, Tim Ferriss, Ryan Holiday, Annie Duke, Ben Horowitz, and Eric Barker to learn about human psychology and its impact on investment decisions.

    Replied about 3 years ago
    Liking this so far, Jordan. Only a little bit in so far, but surprised I haven’t seen you do these interviews before. This becoming a regular thing for you (or is it already and I somehow missed it)?
    Jordan Thibodeau rental_property_investor from San Jose, CA
    Replied about 3 years ago
    Hey Tim! I’m glad you like it. I’m going to start doing more interviews as time goes on. I have another with Gino Blefari. It’s linked in the article, please check it out and share with your friends. FYI: I have another scheduled in October with Jay Papasan, Author of “The One Thing” and “The Millionaire Real Estate Investor.” Stay tuned! And make sure to add me as a friend on BP 🙂
    Larry Letizia from Toms River, New Jersey
    Replied about 3 years ago
    Jordan ….. Thank you, I’ve read the book (The Book on Tax Strategies for the Savvy Real Estate Investor) and this interview tied things together.