Overview Investing in real estate can provide you with a steady stream of income, the potential to increase your wealth, and a way to save on taxes. With the right strategy and planning, you can reduce your taxable income and increase your tax savings. In this blog post, we’ll explore how to reduce taxable […]
Why real estate can be a tax-efficient investment
Overview Real estate can be a very tax-efficient investment. With proactive tax planning, it can even significantly reduce the amount of taxes owed each year. Through the use of depreciation and other strategies, individuals can take advantage of the tax savings that can come with owning rental properties. This blog post will explain how to […]
California Property Tax Assessment Mistakes
Property tax assessments in California are based on the assessed value of a home and are used to determine the amount of property tax home owners must pay. A home’s assessed value is determined by the local county assessor and is usually the same as its market value. However, home owners may be able to appeal their assessment if they feel it is too high. Common mistakes home owners make when it comes to property tax assessments include not appealing their assessments, not filing for exemptions, and not understanding their tax bill.
Real Estate Tax strategies for High Net Worth Individuals
If you’re a high-income individual, it’s no surprise that you’re taxed at higher rates for your ordinary income. By investing in real estate alongside proactive tax planning, you can help reduce your tax burden while increasing your total income. If you’re interested in real estate investing, both the long-term and short-term rental markets are key […]
Tax Benefits of Short-Term Rentals
Even if you do not own a short-term rental, odds are that you have stayed at one before (or at least someone you know has). Although the whole concept of short-term rentals is still somewhat new, this segment in real estate investing has really taken off recently. What a lot of people may not know […]