In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses the critical importance of having a year-round tax plan for real estate investors and entrepreneurs. He emphasizes that waiting until tax season to address taxes is far too late, especially for those making six or seven figures.
Chris outlines the four pillars of real estate investment: cash flow, appreciation, tax planning, and equity. He encourages listeners to think of their tax strategy as integral to their investment decisions, akin to planning their next deal!
Tune in to learn how to better manage your tax strategy throughout the year and maximize your investment potential!
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The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.