007: Tax Strategies for Real Estate Investment Success

In this episode, we explore a fireside chat with Trevor, a CPA specializing in real estate and construction, discussing tax strategies and investment considerations for high-net-worth individuals and real estate investors.

1. Trevor's Professional Background**
   - Started career in the Bay Area with a focus on high-net-worth individuals
   - Specialized in construction and real estate taxation
   - Established his own CPA firm after 10 years of strategic learning
   - Currently based in the Lake Oswego area

2. Tax Strategies for High-Net-Worth Individuals**
   - Basic strategies include 401(k) deferrals
   - Advanced options like SEP plans with up to $66,000 deduction
   - Cash balance plans for larger deductions
   - Real estate investment strategies including self-rental arrangements
   - Material participation real estate professional classification benefits

3. Real Estate Investment Considerations**
   - Benefits of portfolio diversification through real estate
   - K-1 partnership structure explanation
   - Tax advantages through depreciation and bonus depreciation
   - Importance of strategic planning for taxable events
   - Value of clear communication between sponsors and investors regarding hold periods and projected returns

This episode provides valuable insights for business owners and investors looking to optimize their tax strategy through real estate investment while highlighting the importance of professional guidance in structuring these investments.