InvestFourMore Real Estate Podcast
About This Show
The InvestFourMore Real Estate Podcast is hosted by Mark Ferguson, a successful real estate agent and investor. Mark owns 16 rentals, flips 10 to 15 homes a year, and runs a real estate sales team of ten. Mark also created Investfourmore.com, a real estate blog that gives advice and chronicles his investing.
On the podcast Mark interviews successful investors, successful agents, and many other people who are in the real estate business. Mark also does solo shows where he goes in-depth on his own real estate investing and strategies like switching his focus from Colorado for rental properties to Florida. Mark also interviews new and beginning investors. This practice allows a new investor to get direct advice on how to get started, how to overcome roadblocks and helps the listeners as well.
Mark has been featured on the Washington Post, Time, Yahoo, Zillow, Realtor.com, Huffington Post, and many more major media outlets. Mark has written multiple best-selling paperback and Kindle books and loves hearing from his listeners and readers.
Most Recent Episode
106: How to Reduce Capital Gains Taxes without a 1031 Exchange Featuring Bruce Jones
6 days ago
Real estate has some amazing tax advantages, but you can still end up paying a lot in taxes to the IRS when you sell a property. Owning rental properties allows you to depreciate the structure of the property, but when you sell you may have to repay that tax savings. 1031 exchanges can be a way to defer the taxes when you sell rentals, but they come with many restrictions. 1031 exchanges cannot usually be used when you flip houses either. Bruce Jones with TaxWealth is an expert on real estate taxes and joins me on this episode of the InvestFourMore Real Estate Podcast to discuss strategies to reduce taxes on flips and rentals without doing a 1031 exchange. How did Bruce Jones become an expert on reducing real estate taxes? Bruce has been in the financial planning industry for 47 years! He started out as a financial planner and adviser, but in the last ten years he has focused on tax savings for real estate investors. In the past Bruce would advise his clients on how to maximize their retirement contributions and possibly buy real estate to reduce their taxes. This is what most CPAs and attorneys will advise, but there are many more options when it comes to saving money on taxes for real estate investors. Most CPAs are not trained on how to save money on taxes, but instead on how to make your taxes easy and simple. There are many different strategies that real estate investors can use to reduce or even eliminate taxes when they own or sell investment properties. Remember to always talk to a tax professional for specific tax advice! How can Bruce help real estate investors save money on their taxes? Bruce works with clients, their CPAs and their attorneys to develop a comprehensive tax plan. He has many strategies he uses to reduce the taxes when owning properties and when selling them. Bruce can take a look at an investors properties and: Time owned Type of property Debt on the property Federal and state tax rates for the investor Depreciation Expected gain Improvements Bruce can take all of this information and figure out the best strategy for the investor. He will create a report that will show the tax savings using multiple strategies. The best part is that Bruce will do an analysis for free! If you decide to implements any of Bruce's strategies h