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Zen and the Art of Real Estate Investing with Jonathan Greene

071: How to Save on Your Taxes as a Real Estate Investor with Amanda Han & Matt MacFarland

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Taxes can be tricky for anyone, but they can be especially challenging for new investors. Finding the right tax professional to help can save you tremendous amounts of time and money.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with accountants Amanda Han and Matt MacFarland to untangle some of the mysteries surrounding real estate investing and taxes. Amanda and Matt are the founders of Keystone CPA. They are also real estate investors, so they have a unique understanding of what beginners and expert investors need to know when it comes to taxes.

Jonathan, Amanda, and Matt identify one of the main pillars of effective tax savings for investors, why there is no one-size-fits-all property for investors, and the benefits a 1031 exchange can bring to your tax situation. They also explore the concept of depreciation, why investors are required to take depreciation, and what makes it a significant benefit to investors. Finally, you’ll hear Amanda and Matt’s take on leverage and some of the investors’ biggest tax blunders.

If you’re confused about taxes and want to feel more confident as you up your real estate investing game, you won’t want to miss this episode with Amanda Han and Matt MacFarland.

In this episode, you will hear:

  • The one area of taxes where real estate investors need the most help

  • The value of good bookkeeping and getting a system in place that works for you

  • Who can save money on taxes, and why your investor level doesn’t matter

  • How Amanda Han and Matt MacFarland decided to get into real estate together as a married couple

  • Why there isn’t one particular property type that can allow a regular investor to save on taxes

  • The pros and cons of using a 1031 exchange

  • What a reverse 1031 exchange is, and who it works best for

  • The real definition of “like-kind” when using a 1031 exchange

  • Where real estate investors can take depreciation, which can be a big benefit to them as investors. and some misconceptions surrounding depreciation

  • Leverage and how you can use it to your benefit

  •  How Amanda and Matt began to understand more about the investing world as they helped investor clients

  • The story behind the book they wrote for Bigger Pockets

  • Some areas of taxes where real estate investors are making blunders

  • Who LLCs are for and when they become useful

  • The benefits of using trusts to place property in your kids’ names

  • Some pitfalls investors may run into as they buy properties in the current economic climate

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If you enjoyed this episode, we’ve created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/071 to download it.

Supporting Resources:

Keystone CPA’s website – https://www.keystonecpa.com/

Keystone CPA on YouTube – www.youtube.com/channel/UCvL8-Sq9NtVbh_SO6oDmmAg/featured

Amanda Han on Facebook – www.facebook.com/amanda.han.71

Connect with Amanda on Instagram – www.instagram.com/amanda_han_cpa

Amanda’s LinkedIn profile – www.linkedin.com/in/amandayhan

Find Amanda Han on Twitter – twitter.com/AmandaHanCPA

Amanda on TikTok – www.tiktok.com/@amandahancpa

Website – www.streamlined.properties

YouTube – www.youtube.com/c/JonathanGreeneRE/videos

Instagram – www.instagram.com/trustgreene

Instagram – www.instagram.com/streamlinedproperties

TikTok – www.tiktok.com/@trustgreene

Zillow – www.zillow.com/profile/Streamlined%20Prop%20eXp

Bigger Pockets – www.biggerpockets.com/users/TrustGreene

Facebook – www.facebook.com/streamlinedproperties

Email – info@streamlined.properties 

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