How to Avoid Taxes with Real Estate Before Year End!

[@karltondennis]

Subscribe to the channel to help us reach 1 million subscribers!!!

[@pdptrix]

Which mortgage company will let me use a new LLC to get a loan?

[@TrainingWithNikki]

This video came in clutch! We’re in the process of closing on our first real estate property! The info on why/how to transfer into an LLC and choosing between short/long term was super helpful. Thank you!

[@brettelizabethspore]

Great idea on how to name rental property llc.

[@Wavyysav]

Do you have a video on how to pay yourself as a sole proprietor?

[@garrickphillips-x1z]

Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or ways to gain wealth in today's economy.

[@beautifulpeopleonearth]

Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.

[@justamanwithbeliefs]

Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager, netted 370K the last downturn, made it clear there's more to the markets than we average joes know.

[@J.woltz48]

Who is this Adviser or investor you use? I lost over 35000 already this year, I’m in need of a planner going forward.

[@justamanwithbeliefs]

Katherine Nance Dietz is the licensed advisor I use. Just google the name and you'd find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@J.woltz48]

thanks for the lead. I just searched Katherine by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon

[@Gus.Alarcon]

Great video! Can you talk more about the LLC/business structure you recommend across a large portfolio?

[@azbas]

Very well organized.

[@johnduda8773]

Can you do cost segregation study if you are doing sub2 / seller finance deals. Since you're still going into escrow and assuming a mortgage?

[@eduardoluissantos1359]

Hi Karlton, when you buy the property and if you plan to do remodelations, is it better to do the cost segregation first and then the remodelations? If you already did the remodelations and get the cost segregation after is that bad? I am thinking that if you do the cost segregation first you are getting the benefits twice because you can do it again after remodelations, is that correct?

[@extremeflext]

very helpful - thanks

[@danielramirez6905]

Hey Karlton. I have properties already under mortgage can I still have them under an LLC?

[@THEtaxstrategists]

Dear Mr Enrolled Agent. Would you mind educating us on Circular 230 paragraph 10:30? In case you need a handy reference, ------->>>>> § 10.30 Solicitation. (a) Advertising and solicitation restrictions. (1) A practitioner may not, with respect to any Internal Revenue Service matter, in any way use or participate in the use of any form of public communication or private solicitation containing a false, fraudulent, or coercive statement or claim; or a misleading or deceptive statement or claim.

[@sriram-akella]

It’s not for everyone. If you are o W2 employee with long term rental this is not going to get you REPS status. This is very good for Karlton’s marketing , but not practical for 99% of the listeners

[@extremeflext]

why?

[@sriram-akella]

@@extremeflext passive loss can’t duducted against active W2 income. If you are high earning W2 employee, you may try to get your spouse qualify ( strict guidelines- all these course marketers makes it look easy and simple) for REPS, if both are working on W2 you are almost out of luck unless one can forego W2 and do some thing to qualify for REPS

[@n.g.l.]

thanks!

[@dilip12]

Can I claim the 720 hours, if I am working 40 hours full time?

[@lisaliu5027]

❤❤❤

[@Eclips-Dtek500]

🎉✌️🤳