Taxes are taxing and we all wish to find a way around them. In today’s episode, we’re going to dive into them! Nick Aiola is a real estate investor and CPA out of New York. He is the CEO and Owner of Aiola CPA, a company that works solely with real estate investors and businesses in the real estate industry. Aiola CPA mainly focuses on tax advisory, tax preparation, and ancillary services like bookkeeping and financial reporting with the main goal of helping real estate investors save taxes. Nick’s interest in real estate began at a very young age as he grew in a family of real estate investors. Nick believes that real estate is one of if not the best way to build wealth not only for you but generational wealth.
[00:01] – [01:50] Opening Segment
- Let’s get to know today’s guest, Nick Aiola
- Nick gives a brief introduction
[01:51] – [08:41] Real Estate Tax
- A Proactive Action with Taxes
- The Best Time is Now
- Nick talks about flipping houses
- Advisors are Investments
[08:42] – [18:13] Real Estate Professionals
- Why You Should be a Real Estate Professional
- Passive versus Non-Passive
- Nick discusses cost segregation
- How to Benefit with an Income Threshold
[18:14] – [20:18] Final Four Segment
- Nick’s advice to aspiring investors
- “Build a team and build a team early.”
- How Nick stays on top of his game
- Making connections
- Nick’s way to make the world a better place
- Helping people lower their taxes
- Reach out to our guest – see links below
- Final words
Tweetable Quotes
“The biggest mistake people make is not involving their CPA before they take action.” – Nick Aiola
“Passive and non-passive income and loss is like oil and water. They don’t mix.” – Nick Aiola
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Connect with Nick Aiola through: nick@aiolacpa.com and LinkedIn. Check out his website https://www.aiolacpa.com/ and be the master of your taxes.
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I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
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