Whether you’re a real estate investor or a real estate professional, there are many ways to decrease your tax burden and maximize your profit. Let’s just stretch the surface.
MUST-HAVE STRATEGIES FOR REAL ESTATE INVESTORS. RELEVANT AND TIMELY INFORMATION THAT GIVES YOU THE EDGE.
WHY REAL ESTATE?
I would say any, and every able-bodied person that wants assets that take advantage of the state and federal tax code of our country should buy a piece of the commercial real estate. Not only it is diversifying your investments but makes sure you’re not getting taken to the cleaners by Uncle Sam. Let’s explore in more detail what those benefits are.
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KEY BENEFITS
MORTGAGE INTEREST WRITEOFFS – With commercial buildings in the millions to tens of millions, your mortgage balance can be gigantic and being able to write off your interest lowers your tax burden.
DEPRECIATION – Capital expenditures on your properties such as roofs, windows, doors and other construction improvements all have a shelf life of their usable value. There are ways to lessen or shrink these lives to maximize your income.
REPAIR WRITEOFFS – Everything on a property will break temporarily or permanently depending on age and wear and tear. You get to take advantage of this by writing off when you do have to call your maintenance men.
EDUCATIONAL AND GENERAL BUSINESS EXPENSES – Whether its learning more on how to put complex real estate deals together or to buy company cars, you can write these off as well.
THE WELL KNOWN TOOL OF THE ULTRA RICH
The definition of cost segregation is to re-classify the capital improvements of your commercial property to reorganize the depreciation schedules on each item. In more simple terms, you can get your taxable income reduced while your cash flow increases. How is this possible? By involving engineering-based studies, our real estate attorneys apply our connections and resources to create tools that are not even used by the most astute investors in the country.
By far, creating cost segregation processes for your portfolio will even extend to property values as low as $100,000, so any investor can take part in this strategy.
USE UNKNOWN TOOLS EVEN TO THE EXPERTS
From existing structures to newly purchase commercial buildings, you can defer income tax, accelerate depreciation and increase the cash flow on your properties better than most, keeping you ahead of your competition. As the IRS rules surrounding cost segregation as well as other tax saving strategies, a team of real estate attorneys at Jeff Jinks Law are here for you to discuss the significate tax benefits you can reap today.
Contact Our Carmel Real Estate Attorney Today About Gaining Tax Savings For Your Portfolio.
To schedule your no-obligation case evaluation about possible tax savings for your portfolio, please contact our Indiana real estate attorney from our firm today!
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