Rental Property Owner & Real Estate Investor Podcast

Real Estate Investing offers one of the greatest paths to long-term wealth.  However, one of the most important components of building that long-term wealth is often overlooked, or approached with dread & fear.  Of course, I'm talking about taxes. Today, in an effort to get past that fear & confusion, we delve into the tax benefits and reporting methods of real estate investing with Duane Culver, CPA and President of Culver CPA Group. Duane is going to talk us through year-end tax reporting and what you should know if your are a wholesaler, flipper, rehab-er, or buy & hold investor.  Duane explains terms like 'depreciation' & 'basis', the difference between investment & business income, what is a balance sheet and profit & loss statement, retirement planning & IRA's, as well as common mistakes different types of investors typically make when they fill out their tax forms. If you're about to sit down & do your own taxes, or you have a professional prepare them, it pays to learn