The Biggest Real Estate Tax Breaks with Larry Pendleton, Ep 92

Journey to Multifamily Millions

Today's guest is Larry Pendleton. He is the Senior Partner of PC Financial Services LLC, CPA, and an active multifamily real estate investor.

In this episode, Larry discusses the importance of leveraging real estate investments for wealth building and employing strategic tax practices to retain more income.

He also talks about insights into tax strategies that take advantage of real estate investments, emphasizing cost segregation studies and the impact of recent tax laws.

Additionally, He shares the advantages of being considered a real estate professional for tax purposes, material participation, and how proper tax planning can significantly reduce tax liabilities while promoting wealth growth through real estate.

Episode Topics

[01:43] Meet our guest, Larry Pendleton
[02:56] Diving Deep into Tax Strategies for Real Estate Investors
[05:01] Understanding Your Income Tax: Active vs. Passive
[12:27] Maximizing Depreciation: A Key Tax Strategy
[17:45] Exploring Cost Segregation Studies for Bigger Tax Breaks
[37:04] Real Estate Professional Status & Material Participation
[41:28] Closing Remarks and Thank You

Notable Quotes

• "Real estate is the main vehicle for building long-term wealth, not just quick riches." - Larry Pendleton
• "Shift your income from active to passive; it's taxed less harshly, allowing you to keep more of what you make." - Larry Pendleton
• "Replace assets to offset depreciation, but don't overspend." - Tim Little
• "Taxes incentivize government goals, like job creation." - Tim Little
• "One of the most American things you can do is follow the tax code. Investing in a building benefits everyone, creating jobs and housing." - Larry Pendleton
• "Depreciation is like a loan from the government; they want it back when you sell. Plan ahead to offset it." - Larry Pendleton
• "Give investors time to plan for a capital event." - Tim Little

Connect with Larry Pendleton

• LinkedIn: Larry Pendleton
• Website: https://linqapp.com/LarryPendletonCPAinRealEstate?r=link
• Email: [e-mail]
• Telephone: [phone]

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [e-mail]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

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