• Essential Tax Strategies for Real Estate with Advanced Tax Advisor Jose A. Ramirez

  • Aug 10 2023
  • Length: 54 mins
  • Podcast

Essential Tax Strategies for Real Estate with Advanced Tax Advisor Jose A. Ramirez

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  • Summary

  • What are some smart tax-saving strategies you can apply as you break into the real estate game? 


    Jose A. Ramirez from Advanced Tax Advisors is chatting with Young Lee in a highly informative episode of Chicago Business Review that is guaranteed to save you (and your family) money in taxes if you take his advice. 

     

    Jose is an expert in the field of implementing tax-saving strategies for business owners, landlords, and real estate investors. He's helping real estate investors save millions of dollars in tax savings.


    From an overview of the advantages of real estate investment and why real estate is so powerful for creating generational wealth (understanding 'basis'), to insight into what determines real estate professional status (in the eyes of the IRS), Jose's astute advice is pure gold.


    Learn about setting up an entity, passive versus non-passive business, depreciation benefits, tax benefits, and more – all explained in an easy-to-grasp manner that will motivate you to invest in real estate. Your education begins here. Please join us. 


    "The journey has been a long, learning journey. Because taxation is not easy; taxation is hard. But once you understand the code and you understand how to implement these strategies, the benefits are tremendous." ~ Jose A. Ramirez



    In This Episode:


    • Jose's taxation journey (and why real estate is such a smart investment)
    • The importance of separating your assets from your active business
    • What is Capital Gains Income?
    • What qualifies you for real estate professional status (according to the IRS)? 
    • Understanding the '500 Hour Rule' tests and how a first-time investor can accumulate hours
    • How to get your family involved in your real estate business (and pay less tax)
    • Is it worth setting up a trust that owns your properties?


    And so much more!



    Connect with Jose A. Ramirez:


    • Website - https://advancedtaxadvisors.net/
    • Jose’s webinar - https://advancedtaxadvisors.net/webinar/


    Connect with Young Lee:


    • Facebook - Young Lee | Facebook
    • LinkedIn - Young Lee - Host of the Chicago Business Review Podcast/Show
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