Welcome to episode 47 of the More Doors Podcast! Join hosts Nick Good and Matt Buchalski as they dive deep into the realm of multifamily real estate and tax compliance with their special guest Kiyoshi Simon, managing partner of Vertical Street Ventures and Vertical CPA. From house hacking to managing $350 million in assets, Kiyoshi shares his journey, strategies for leveraging real estate, and the importance of proactive tax planning.
Key takeaways:
✅House hacking can be a powerful tool to build wealth
✅Focus on due diligence when finding tenants
✅Tax benefits can significantly boost your investment returns
✅Consult with a qualified CPA specializing in real estate
Learn about powerful tax deductions, bonus depreciation, and the benefits of investing in multifamily properties in markets like Arizona. This episode is packed with practical tips and expert advice to elevate your investment game and maximize your returns. Don't forget to like, subscribe, and check out our sponsors Deep Blue Capital and TORE Studios for more insights and opportunities!
For more information on Kiyoshi Simon or go to his website - vsvcpa.com or find him on Instagram at TheRealEstateTaxGuy
To get a free initial discovery call with Kiyoshi mention 'More Doors Podcast' when you connect with him.
Get more information, sign up for our newsletter and invest with us here -
https://deepbluere.com
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https://torestudios.com
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CHAPTERS
00:00 Introduction to Episode 47
00:10 Welcoming the Guest: Kiyoshi Simon
00:47 Podcast Banter and Updates
01:41 Introducing Kiyoshi's Expertise
02:18 Sponsor Acknowledgements
04:06 Kiyoshi's Background and Journey
09:17 House Hacking and Real Estate Beginnings
17:29 Transition to Multifamily Investments
18:50 Investing in Arizona: Market Insights
21:54 Tax Strategies for Real Estate Investors
25:20 Understanding Asset Depreciation
25:38 Maximizing Deductions with Accelerated Depreciation
27:04 Ordinary and Necessary Business Expenses
28:30 Choosing the Right CPA for Real Estate Investments
31:24 Tax Benefits for W2 Earners Investing in Real Estate
38:00 Leveraging Real Estate for Wealth Building
39:31 Tax Treatment Differences: Real Estate vs. Stock Market
42:38 Top Takeaways for Real Estate Investors
44:24 Final Thoughts and Resources
Тэги:
#More_Doors_Podcast #Episode_47 #Kiyoshi_Simon #multifamily_portfolio #tax_compliance #real_estate_investment #house_hacking #CPA #vertical_street_ventures #tax_strategies #bonus_depreciation #passive_income #cost_segregation #real_estate_professional #property_management #real_estate_market #wealth_building #tax_deductions #leveraging_assets #real_estate_investing_tips #real_estate_investing #multifamily_real_estate_investing