Balancing Life, Taxes, and Real Estate: Insights from a CPA's Journey

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Discover the fascinating journey of Brad Dower, a CPA who found his path to success through an unexpected route, including a transformative stint in the Marine Corps. In our latest episode of the Key Factors Podcast, Brad shares how he transitioned from the rigors of working long hours at an accounting firm to establishing his own business with a focus on work-life balance and family priorities. His story not only highlights the importance of balancing professional and personal life but also delves into the economic pressures of changing retirement ages and life expectancies. Celebrate with us as we also acknowledge our producer JC's birthday during this engaging conversation.
Shifting gears, we delve into the lucrative world of real estate and taxation, offering valuable insights for homebuyers, investors, and realtors alike. We discuss the potential tax benefits of homeownership and explore strategies for minimizing tax liabilities through real estate investments. From cost segregation studies to the differences between commercial and residential real estate investing, we cover essential tips for maximizing deductions and maintaining meticulous financial records. Learn how to leverage these insights to make savvy financial decisions and achieve greater financial success.
Finally, we unveil essential tax strategies tailored for self-employed realtors and real estate investors. Get expert advice on maintaining accurate records, maximizing deductions, and saving for taxes, while exploring the benefits of achieving Real Estate Professional status. We also dive into recent developments concerning the Beneficial Owner Information report and offer practical tips on employing family members for tax advantages. This episode is packed with actionable insights and expert advice to help you navigate the complex world of tax planning and real estate investing with confidence.

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Host: Mark Jones | Sr. Loan Officer | NMLS# 513437
If you would like to work with Mark on your next home purchase or as a partner visit iThink Mortgage.

Hoofdstukken

1. Balancing Life, Taxes, and Real Estate: Insights from a CPA's Journey (00:00:00)

2. Brad Dower (00:00:36)

3. Tax Benefits for Homebuyers and Investors (00:13:47)

4. Real Estate Investment Tax Strategies (00:21:10)

5. Real Estate Investing and Tax Strategies (00:27:45)

6. Tax Strategies for Realtors (00:39:37)

7. Investment Property Tax and LLC Considerations (00:49:00)

8. Tax Strategies for Real Estate Investors (00:57:37)

9. Contact Information for Dower and Associates (01:08:11)