139: The Best Tax Benefits of Rental Property Ownership w/ CPA Ana Klein

Real Estate Rookie

What 2022 real estate tax strategies do you have prepared? Or maybe the better question is: have you even started to plan for taxes in 2022? If you’re a real estate rookie, you probably are just dipping your toe into the wonderful world of real estate tax deductions. But, without a good bookkeeper, accountant or CPA, you could be missing thousands (if not more) in tax savings.

Joining us today for our end of year tax roundup is investor, lender, and CPA Ana Klein. Ana started her real estate journey working as a public accountant, then a private accountant, and finally starting her own business. She saw the massive tax advantages her clients benefited from simply by owning rental property, so she decided to do the same.

Now, Ana has a growing portfolio, complete with cash flow and depreciation to offset her income. Ana spends some time today walking through how you, a rookie or experienced investor, can benefit when investing in real estate. She also lays out the ways you can set yourself up for success with a CPA and maximize your deductible income.

In This Episode We Cover

How to shift from a nine-to-five mindset to an entrepreneurial spirit

Converting a duplex into a triplex for only a thousand bucks

What should rookies do right now to take advantage of real estate tax benefits

Is it ever tax-advantaged to buy a rental property that is losing money?

The good (and bad) 2022 tax code changes for real estate investors

When you should contact a CPA to help with tax filing

And So Much More!

Links from the Show

Real Estate Rookie Youtube Channel

Ashley's Instagram

Tony's Instagram

Real Estate Rookie Facebook Group

Brandon Turner's Instagram

Grant Cardone Seminars

BiggerPockets

MLS

InvestorGirlBritt's Instagram

Stessa

Quickbooks

Check the full show notes here: https://www.biggerpockets.com/rookie139

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