Most Americans want to know how to avoid paying taxes. The average everyday worker feels frustration looking at their paycheck and seeing a big chunk of it go away to the government. All their hard work is almost immediately cut by a fourth, a third, or even in half sometimes. But it doesn’t have to be like this. Savvy real estate investors have known for a long time the key to reducing taxes (or outright avoiding taxes) is simply to invest in real estate.
Paul Moore, author of "Storing Up Profits: Capitalize on America's Obsession with STUFF by Investing in Self-Storage", won’t pay taxes for a long time, if ever at all. Paul has perfected the art of successfully deferring his taxes so he, or his heirs, never need to hand Uncle Sam another yearly check. But Paul isn’t talking about anything risky, he’s simply talking about smart real estate investing, something that anyone has the capability to do.
If you’re tired of feeling the tug of the taxman at your purse strings, then it may be time to follow any of Paul’s ten strategic tax strategies. These tax strategies won’t just save you money on tax day, they may make you money in the long run!
00:00 Save on Taxes with Commercial Real Estate 01:10 10 Ways Commercial Investing Can Save On Taxes 01:18 1. Hire a Tax Strategist 03:07 2. Directly Invest 03:50 3. Accelerate Depreciation 05:58 4. Return of Capital 06:53 5. Use Section 179 07:57 6. Refinance the Property 08:39 7. 1031 Exchanges 11:44 8. Deferred Sales Trusts 12:33 9. Self-Directed IRA/401k Investing 14:18 10. Become a Real Estate Professional 16:31 Follow the Law and Defer Your Taxes!
