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How to Keep More of Your Money: Tax Strategies for Real Estate Investors with James Bohan
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On this episode of Masters of Real Estate, host Mathew Owens, CPA, welcomes fellow CPA and real estate investor James Bohan to discuss tax planning and investment strategies that help real estate professionals keep more of what they earn. With tax season approaching, James shares actionable advice on how to optimize your finances through smart planning, cost segregation, and understanding tax laws that can directly impact your bottom line. They also dive into creative real estate strategies, the role of technology in managing assets, and the importance of surrounding yourself with the right team. Whether you’re an active investor, a passive investor, or just starting out, this episode is packed with valuable insights to help you navigate real estate and taxes like a pro.
What You'll Learn:
- Why year-end tax planning in November and December is critical for real estate investors.
- The benefits (and risks) of cost segregation studies, including how to use them effectively and when to avoid them.
- How to structure your investments to maximize tax benefits, including real estate professional status and other tax-saving strategies.
- The pitfalls of unrelated business income tax (UBIT) in retirement accounts and how to avoid costly mistakes.
- Creative investment strategies such as the BRRRR method and subject-to financing.
- How to evaluate operators and syndications before investing passively.
- The importance of having a strong financial and operational team for long-term success.
- How technology is transforming real estate operations, including boutique hotel management.
- Why understanding your unique skills and hiring experts in areas where you’re weak is crucial for entrepreneurship.
Grab James' 50-point Tax Questionnaire For Real Estate Investors: https://50taxquestions.com/
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