Want to pay ZERO taxes next year? If you own real estate or are building a portfolio, there’s a good chance that you can legally keep your profits away from Uncle Sam. But you’ll need one thing before you can do so. Our own Tony Robinson plans on using this exact strategy to pay $0 in taxes for this most recent tax year. So, why aren’t all real estate investors doing this? And where do you find the income-tax-free-genie who can help you make your tax burden magically disappear?
It’s Saturday, so a new Rookie Reply is headed your way. This time, Ashley and Tony will touch on mitigating MASSIVE tax amounts using this particular service. Next, what can real estate partners expect when one party puts up the money, and the other puts up the work? For the debt-free disciples, you’ll hear about using a credit card for a down payment and when you know you have TOO much real estate debt. If you want to grow your passive income, pay fewer taxes, and ensure your mortgages ALWAYS get paid, stick around!
Ashley Kehr:
This is Real Estate Rookie episode 292.
Tony Robinson:
I think that spending money on tax strategy or tax planning is one of the few things in your real estate business where if you put a dollar in, you get multiple dollars back. And yeah, definitely we spend a decent amount on tax strategy this year, but I can also say that I’m probably going to pay zero on taxes for 2022, and that’s because I had the right person in my corner to guide me along to help me understand the tax code to leverage it in my benefit.
Ashley Kehr:
My name is Ashley Kehr and I am here with my co-host Tony Robinson.
Tony Robinson:
Welcome to the Real Estate Rookie Podcast where every week, twice a week, we bring you the inspiration, motivation, and stories you need to hear to kickstart your investing journey. And I love getting back to our Rookie Reply episode so we can get down to the nitty-gritty with all of our Rookie audience members.
Ashley Kehr:
Tony, before we get into our…