How to Maximize Profit By Mastering Tax Laws
Ever wondered how to navigate the complexities of real estate investment while maximizing your profitability?
Welcome back to "Inspired To Invest" episode 65 with Catrina M Craft. To watch rather than listen, click here
Discover valuable insights from Catrina, who is a seasoned entrepreneur, CPA, and tax strategist. Her first property purchase in 2003 was just the beginning of a journey that combines financial acumen with shrewd investment strategies.
Catrina shares her wisdom on overcoming rising property prices and the critical role of networking to secure the best deals. Learn from her extensive experience to avoid common pitfalls, such as improper investment structures, and capitalize on powerful tax strategies like cost segregation and 1031 exchanges.
Unlock the secrets to efficiently expanding your real estate portfolio across borders while managing legal and tax frameworks in tandem. Catrina highlights the importance of tight partnership agreements, clear exit strategies, and understanding the nuances of landlord-tenant laws.
Whether you're comparing regulations in the United States and Ontario or tackling fluctuating interest rates, this episode provides practical advice for maintaining profitability and regulatory compliance. Gain a deeper understanding of balancing the intricate aspects of investing and property management to ensure long-term growth and stability.
Join us as we tackle the real-world challenges and risks that real estate investors face. From dealing with undocumented subleasing to navigating the unsettling reality of property fraud, Catrina shares her firsthand experiences and strategic decisions.
Learn the benefits of selling properties before significant maintenance costs arise and reinvesting in multi-unit properties for sustained growth. This episode is a treasure trove of knowledge for anyone serious about treating real estate as a business, enhancing both personal and financial growth.
Don't miss out on Catrina's expert advice and inspiring journey in the world of real estate investment.
To connect with Catrina, go to @catrinamcraft on social and https://catrinamcraft/links-catrina online.
Thank you to Wealth Share REIT for bringing us this months episodes. For more, go to @wealthshare on social and to learn about their amazing investment opportunities, https://wealthshare.ca online.
Need support underwriting potential property investments? Check out PropertyCast.io - https://propertycast.io?via=serena
“Inspired to Invest” is proud to support the Beyond Success Program, a not-for-profit financial literacy program for students, launched by More To Give & MAK Investments. Find out more at @more2give.ca.
Join us again on Sept. 11 to hear from an investor who has leveraged real estate to retire his wife and completely change his life!
Thanks again for tuning in & remember, "when you invest in yourself, the sky's the limit!"
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Serena Holmes is a licensed REALTOR®, real estate investor, real estate investing coach, podcast host, published author and chief content officer of Executive Lens. She is also the former CEO of Tigris Events, a multi award winning brand experience agency.
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