{"id":81580,"date":"2016-10-13T00:02:52","date_gmt":"2016-10-13T06:02:52","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=81580"},"modified":"2023-04-14T01:53:54","modified_gmt":"2023-04-14T07:53:54","slug":"bp-podcast-196llcshouse-hackingsaving-taxes-brandon-hall","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-196llcshouse-hackingsaving-taxes-brandon-hall","title":{"rendered":"LLCs, House Hacking, and Saving on Taxes with Brandon Hall"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">What has five letters but causes so much fear that millions of wannabe investors never get started? That\u2019s right: <strong>TAXES<\/strong>. But taxes don\u2019t need to be scary &#8212; and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That\u2019s why we\u2019re excited today to sit down with <strong>Brandon Hall<\/strong>, 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\u2019s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You\u2019ll love Brandon\u2019s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes! <\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC9357356225&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"LLCs, House Hacking, and Saving on Taxes with Brandon Hall | BP Podcast 196\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/JSwMOR2H-Po?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-78561 \" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/06\/MACK-INV-logo_Overview.png\" alt=\"MACK-INV-logo_Overview\" width=\"126\" height=\"143\" title=\"\">A huge thanks as well to our Fire Round sponsor <strong>MACK<\/strong>.<\/p>\n<p>MACK Investments is the nation\u2019s longest tenured turnkey operator with over 38 years of\u00a0combined experience, with its fully vertically integrated operation in the US\u2019s most diverse\u00a0economy, Chicagoland. With over 2000+ homes under management, we serve over 300+\u00a0investors across 11 different countries. Homes are priced below 200 thousand and will generate\u00a0a guaranteed CAP averaging 9% that can be leveraged to achieve returns in excess of 20%.<\/p>\n<p><span style=\"line-height: 1.5;\">Learn more by visiting\u00a0<a href=\"https:\/\/mackinvestments.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">MACKinvestments.com<\/a><\/span><span style=\"line-height: 1.5;\">.<\/span><\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out <strong>SimpliSafe<\/strong> Security&#8217;s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Try it today with a discount:\u00a0<a href=\"https:\/\/simplisafepockets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplisafepockets.com\/<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>How Brandon realized the <strong>need for a CPA<\/strong> through the BP community<\/li>\n<li>How he <strong>grew\u00a0his firm<\/strong> through the BiggerPockets Forums<\/li>\n<li>The importance of giving <strong>value<\/strong> to others<\/li>\n<li>The details on his <strong>three-unit<\/strong> property<\/li>\n<li>Tips for hiring\u00a0a &#8220;<strong>leverage<\/strong> property manager&#8221;<\/li>\n<li>How to find\u00a0investors in your <strong>community<\/strong><\/li>\n<li>The details on his second <strong>triplex<\/strong><\/li>\n<li>Why he focuses on <strong>multifamily<\/strong><\/li>\n<li>How he funds his deals through <strong>FHA loans<\/strong><\/li>\n<li>The way he looks at <strong>PMI<\/strong><\/li>\n<li>A mistake he is guilty of when it comes to\u00a0<strong>inherited tenants<\/strong><\/li>\n<li>Training your tenants and other <strong>management hacks<\/strong><\/li>\n<li>The tax benefits of <strong>house hacking<\/strong><\/li>\n<li><strong>Mistakes<\/strong> he&#8217;s made in his real estate investing<\/li>\n<li>Tips for finding a <strong>good CPA<\/strong><\/li>\n<li>Advice for those deciding whether to use\u00a0an <strong>LLC or not<\/strong><\/li>\n<li>What you should know about LLCs<\/li>\n<li>Things to know about the &#8220;<strong>real estate professional<\/strong>&#8221; tax designation<\/li>\n<li>When\u00a0to hire a<strong> bookkeeper<\/strong><\/li>\n<li>Common mistakes investors make with <strong>taxes<\/strong><\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/meet\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Meet<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar?main_track_only=true\" target=\"_blank\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a>\u00a0(with new leader feature)<\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/bookstore\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Bookstore<\/a><\/li>\n<li><a href=\"\/renewsblog\/2014\/03\/06\/bp-podcast-060-serge-shukhat\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat<\/a><\/li>\n<li><a href=\"https:\/\/www.xero.com\/ph\/\" target=\"_blank\" rel=\"noopener noreferrer\">Xero<\/a><\/li>\n<li><a href=\"https:\/\/quickbooks.intuit.com\/om\/qbhp\/\" target=\"_blank\" rel=\"noopener noreferrer\">Quickbooks<\/a><\/li>\n<li><a href=\"\/renewsblog\/2016\/02\/21\/tax-implications-house-hacking\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Tax Implications You MUST Understand Before House Hacking<\/a>\u00a0(blog)<\/li>\n<li><a href=\"\/renewsblog\/2015\/05\/10\/invest-out-of-state-how-to-analyze-a-city\/\" target=\"_blank\" rel=\"noopener noreferrer\">Looking to Invest Out-of-State? Here\u2019s How to Pick and Analyze a City<\/a>\u00a0(blog)<\/li>\n<li><a href=\"\/renewsblog\/2015\/05\/17\/importance-reserve-accounts\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Importance of Reserve Accounts (Or What a Surprise Roof Replacement Taught Me)<\/a>\u00a0(blog)<\/li>\n<li><a href=\"\/renewsblog\/2013\/02\/07\/commercial-real-estate-frank-gallinelli-podcast\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli<\/a><\/li>\n<li><a href=\"\/renewsblog\/2016\/02\/18\/bp-podcast-162pay-irs-amanda-hancpa\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA<\/a><\/li>\n<li><a href=\"\/renewsblog\/2013\/02\/14\/financial-planning-death-podcast\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 005: Dealing with Death \u2013 A Financial Discussion with CFP Neal Frankle<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/get.biggerpockets.com\/taxbook\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Book on Tax Strategies for the Savvy Real Estate Investor<\/em><\/a> by Amanda Han and Matthew MacFarland<\/li>\n<li><em><a href=\"https:\/\/get.biggerpockets.com\/rentalbook\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Book on Managing Rental Properties<\/a>\u00a0<\/em>by Brandon and Heather Turner<\/li>\n<li><em><a href=\"https:\/\/amzn.to\/2dMJ40L\" target=\"_blank\" rel=\"noopener noreferrer\">What Every Real Estate Investor Needs to Know About Cash Flow&#8230; And 36 Other Key Financial Measures<\/a><\/em> by Frank Gallinelli<\/li>\n<li><a href=\"https:\/\/amzn.to\/2ea1vZ2\" target=\"_blank\" rel=\"noopener noreferrer\"><em>It&#8217;s Not Rocket Science<\/em><\/a> by Dave Anderson<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;Don\u2019t try to sell yourself. Let your content sell yourself.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Don%E2%80%99t%20try%20to%20sell%20yourself.%20Let%20your%20content%20sell%20yourself.%22%20BP%20Podcast%20196%20biggerpockets.com\/show196%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;You as the business owner should not be in the bookkeeping.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22You%20as%20the%20business%20owner%20should%20not%20be%20in%20the%20bookkeeping.%22%20BP%20Podcast%20196%20biggerpockets.com\/show196%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;The ongoing tax strategy throughout the year, that\u2019s the time to save money.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22The%20ongoing%20tax%20strategy%20throughout%20the%20year,%20that%E2%80%99s%20the%20time%20to%20save%20money.%22%20BP%20Podcast%20196%20biggerpockets.com\/show196%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Brandon<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/bhall005\" target=\"_blank\" rel=\"noopener noreferrer\">Brandon&#8217;s\u00a0BiggerPockets Profile<\/a><\/li>\n<li><a href=\"https:\/\/www.therealestatecpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Brandon&#8217;s Company Website<\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/in\/brandonhallcpa\" target=\"_blank\" rel=\"noopener\">Brandon&#8217;s LinkedIn<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Podcast 196 Preview: Why you should not be in the bookkeeping\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/P_1rjyr17oU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What has five letters but causes so much fear that millions of wannabe investors never get started? That\u2019s right: TAXES. But taxes don\u2019t need to be scary &#8212; and understanding [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-81580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/81580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=81580"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/81580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118658"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=81580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=81580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=81580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}