I would take brokers out to dinner, get to know their families, and find common interests, like I did with the fly-fishing broker I talked about at the start of this chapter.To streamline the underwriting process and ensure consistency, I implemented a model or spreadsheet.

Since the cost basis of the new property will be higher, the potential depreciation benefits from cost segregation will also be greater.If you proceed with cost segregation on the current property now and subject to depreciation recapture, which could reduce your adjusted basis and potentially increase your tax liability upon sale.Timing and property selection are important when applying this strategy, so it may be more beneficial to wait and implement it on the new acquisition.

Currently, we have first home as primary residence to implement a house hack.

I didn't implement it because I didn't feel comfortable setting up an official government-looking website and letterhead, tell them you will send them money to pay their taxes, then tell them that you can't.  

Implementing proper legal and financial protections not only safeguards your personal assets but also minimizes litigation risk and strengthens your position during negotiations.Smart investing isn’t just about choosing the right properties, it’s about protecting what you’re building so you can grow with confidence.Wishing you clarity, confidence, and success on your real estate journey.Disclaimer: This message is for informational and educational purposes only and should not be considered legal, tax, financial, or investment advice.

This type of entity layering can help shift the income in a way that changes its tax treatment.That said, implementing this kind of strategy requires careful planning and precise execution to stay compliant with IRS rules.

As a loan officer, you should be off to a great start.One thing that can make a huge difference is keeping the tax side in mind, especially when implementing strategies like BRRRR, long-distance investing, and even planning for retirement to ensure everything is set up properly.

The Internal Revenue Service (IRS) has clever algorithms. They are tuned to find the latest fraudulent advice from “Tick-Tock Tax Experts.”Be alert to any advice that includes the following:>Social media posts that...

We spent the time during implementation to make sure it was set up properly.

It's also a law that has been changing regularly since it was implemented a few years ago.