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

by | BiggerPockets.com

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.

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

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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!

About Author

Jordan Thibodeau

Jordan Thibodeau is a contributor for BiggerPockets.com blog and has been a member of BP since 2013. He works a full-time job and invests in Buy and Hold Real Estate in the Sacramento Area and he’s in the process of fundraising for a Multi-Family syndication. Jordan is dedicated to helping investors clarify their investment criteria and break psychological barriers that are preventing them from being successful investors . He was featured in BP Podcast Show 74. Also, he has interviewed prominent investors, CEOs, and thought leaders such as Ray Dalio, Tim Ferriss, Anne Wojcicki, Ben Horowitz, John Hennessy, and many more. Jordan is the author of a free monthly investor’s newsletter called Investor’s Therapy. The newsletter covers all forms of investing and helps investors understand their own psychology to make better investment decisions. Also, Jordan has created an online course to help investors build stronger networks to increase their investment opportunities and knowledge. Feel free to reach out to him on Biggerpockets if you have any questions.

4 Comments

    • Jordan Thibodeau

      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 🙂

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