Bigger Cash Flow Podcast 013: Tax Benefits of Real Estate Investing with Logan Allec, CPA

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Welcome to the Bigger Cash Flow podcast, where each week, we share tips and tricks on how to grow your monthly cash flow and get out of the rat race. We also interview real estate investors and business owners to gain insight into how you too can reach your goals of financial freedom. For more information on investing, real estate, and increasing your overall cash flow, head on over to biggercashflow.com and check out some of the blog posts.

Episode: 013

Title: Tax Benefits of Real Estate Investing with Logan Allec, CPA

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Logan Allec is a CPA, real estate investor, and owner of the personal finance blog Money Done Right.  After spending nearly 10 years as a tax adviser helping big businesses save money, he launched Money Done Right in 2017 with a mission to help people learn how to make extra money and grow their passive income streams.  Logan and his wife Caroline live in the Los Angeles area.

On this episode you’ll learn:

  • Tax benefits of real estate

  • DIY or hire somebody

  • Schedule E basics

  • Bookkeeping mistakes that we see with newbie investors

  • Depreciation Expense and myths (Bonus depreciation)

  • Use of entities (LLC, S-Corp, C-Corp)

  • Qualified Business Income

  • How do you use the money in your LLC?  Commingling funds.

Contact Info:

Logan’s YouTube Page: https://www.youtube.com/channel/UCQ9WUXlSuLlbi5BLkgtEUEA

Logan’s Website:  https://moneydoneright.com