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All CPAs are not created equal. And if you’re working with an accountant who doesn’t understand real estate tax strategy, you may be leaving tens of thousands of dollars on the table.

Thomas Castelli, CPA, CFP, is Partner at Hall CPA, an entrepreneurial accounting firm that helps real estate investors minimize tax and maximize profit.

Out of college, Thomas landed a ‘dream job’ at a traditional accounting firm but soon realized he wasn’t on the path to the lifestyle he wanted. To achieve financial freedom, he built a portfolio of passive investments in apartment buildings before participating in his first deal as an active partner.

On this episode of Financial Freedom with Real Estate Investing, Thomas joins Garrett and me to discuss why he chose to put his money in multifamily over other investments.

Thomas offers a high-level overview of how the taxation of real estate works, explaining who benefits from bonus depreciation and why we can report a loss despite earning substantial cashflow.

Listen in for Thomas’ top strategies for deferring capital gains and find out why tax planning is so important for real estate investors!

Key Takeaways

How The Richest Man in Babylon influenced Thomas

Why Thomas was unhappy working a traditional 9-to-5

Why Thomas chose multifamily over other investments

An overview of how the taxation of real estate works

Who benefits from bonus depreciation

Thomas’ top tax strategies to offset capital gains

Why tax planning is important for real estate investors

Connect with Thomas Castelli

The Real Estate CPA

The Tax Smart Real Estate Investor Podcast

Tax Smart Real Estate Investors Facebook Group

4 Strategies That Your CPA Isn’t Talking About

Connect with Michael Blank

Michael on Facebook

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Apartment Investor Network Facebook Group

Email [email protected]

Related Articles

How to Avoid Ubit Taxes Inside an IRA

What is Rent Roll?

More About Bonus Depreciation


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Financial Freedom with Real Estate Investing by Michael Blank

Podcast Show Notes

The Richest Man in Babylon by George S. Clason

Tax Reform Act of 1986

Real Estate Professional Status

1031 Exchange

IRS Form 8582

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