Description

In this episode, Jonathan Farber interviews Amanda Han on her journey from a big tax firm to her own tax advising business that caters to tax strategy for real estate investing. Amanda is an Orange County-based real estate tax expert who uses entity structuring, self-directed investing, and income offset opportunities to help her clients build wealth faster. In this episode, we get into topics like investing considerations, getting smarter about investing, tax mistakes to avoid, and more!

Top Takeaways:

What to consider when entering an investment or partnership - 30:30 - 32:45

• What is your exit strategy; how or when are you going to leave the property?
  
• What is the worst-case scenario? What would you do if that happened?
  
• Who will be responsible for the various responsibilities?
  

How to get more knowledgeable about your investing - 33:00 - 36:00

• Early in your investing career is the best time to start planning
  
• Using a smart tax strategy from the start of your career can save a lot in the long run
  
• This also helps avoid common pitfalls and tax traps
  

Tax mistakes to avoid - 36:30 - 40:00

• Investors often miss out on deductions due to missing overhead expenses
  
• Containing your properties in an entity is not necessary to write off business expenses
  
• Prior to creating entities for your business, it’s a good idea to consult a CPA
  

How to bring value to Amanda Han:

• Creative real estate applications and best uses for new properties
  

Resources:

Book by Amanda Han: The Book on Tax Strategies for the Savvy Real Estate Investor

Book by Amanda Han: The Book on Advanced Tax Strategies

officetools.com

Social Links:

biggerpockets.com/blog/contributors/amandahan

https://www.keystonecpa.com

Connect With The host, Jonathan Farber Here!

LinkedIn: https://www.linkedin.com/in/jonathanfarber1/

Instagram: @jonjfarb

FaceBook: https://www.facebook.com/jonathan.farber.9

Facebook Group: Real Estate Mentorship Mastermind

BiggerPockets: https://www.biggerpockets.com/users/JonathanF29

Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr