Having a hard time managing your taxes and assets? In today’s episode, we’re going to dive into them! Thomas Castelli is a Tax Strategies at The Real Estate CPA, Co-host of The Real Estate CPA Podcast, and the Founder of Babylon Property Group, LLC, a real estate investing company focused on the acquisition of multifamily properties and providing investors with passive and multifamily investment opportunities.
[00:01] – [03:10] Opening Segment
- Let’s get to know today’s guest, Thomas Castelli
- Thomas shares his real estate and CPA journey
[03:11] – [17:12] How a Real Estate CPA Can Save You Thousands
- The difference between a CPA Firm and a CPA Real Estate Firm
- Cost segregation and real estate professional status
- How to Become a Real Estate Professional
- Streamlining IRS
- Thomas talks about what makes The Real Estate CPA unique
- A Salvage Value to Assets
[17:13] – [21:41] Personalizing Your Mitigating Strategies
- Advisory Services of The Real Estate CPA
- Exit Planning
- Mitigate your capital gains exposure
- Personalizing standard tools to fit your situation
- 1031 Exchanges and Basis Erosion
[21:42] – [26:42] Final Four Segment
- What Thomas would invest in with only $20,000
- Private lending or find an asset with a $20,000 down payment
- How Thomas would help in a real estate mistake
- “Really get clear on why you’re getting into real estate.”
- Thomas’ way to make the world a better place
- Helping his team become better leaders
- Reach out to our guest – see links below
- Final words
Tweetable Quotes
“The actions you take today, the strategies you make today are going to impact your tax return.” – Thomas Castelli
“Everybody’s situation is a little bit unique. We’re using, ultimately, the same toolbox of tools — of strategies — but how you apply them to every situation, there is a puzzle going on and how to fix it together for each individual situation.” – Thomas Castelli
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Connect with Thomas Castelli through thomas.castelli@hallcpallc.com and LinkedIn
Listen to his podcast: The Real Estate CPA Podcast
Visit his website through http://thomascastelli.com/ and https://www.therealestatecpa.com
Connect with me:
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
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Email me → sam@brickeninvestmentgroup.com
