091: How Real Estate Investors Can Save Thousands a Year in Taxes with Ted Lanzaro
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Ted Lanzaro is a Certified Public Accountant, real estate investor, real estate broker, author, and speaker with over 29 years of real estate tax consulting and investing experience. He runs Lanzaro CPA, LLC a boutique CPA firm specializing in accounting and taxation for the real estate industry. For the past 29 years, he has helped thousands of real estate business owners, entrepreneurs, and investors all over the United States implement cutting edge tax strategies that save them thousands of dollars annually on their taxes.
\\nMr. Lanzaro is the author of \\u201cThe Tax-Smart Landlord\\u201d and \\u201cThe Tax-Smart Landlord\\u201d toolkit as well as over 100 articles on taxation for the real estate industry specifically for investors, landlords, "flippers", and developers.
\\nTed is a sought after speaker and has spoken all over the United States to groups of real estate investors and business owners on the taxation of real estate.
\\n(00:01-07:37) Opening Segment
\\n- Introduction of the guest, Ted Lanzaro into the show
\\n- Ted shares his bio, how he got into real estate, and how he started from renting out and flipping properties.
\\n(07:38-12:07) The Journey to Helping Real Este Investors with Taxes
\\n- Ted shares his journey of how he got real estate investors and entrepreneur clients.
\\n- Ted also shares how he built his investment portfolio
\\n(12:08-34:51) Tax Strategies for Real Estate Investors
\\n- "Tax Smart Landlord" - A book written by Ted that discusses tax strategies for real estate investors.
\\n- Tax strategy may differ for each person
\\n- "Tax strategies need to be tailored to the person\'s unique situation."
\\n- Importance of record-keeping
\\n- Cost Segregation
\\n- How to find a better property
\\n- Monetize Installment Sale
\\n- How can a Syndicator Defer Money
\\n- Difference between other Tax Strategies for Real Estate Investors
\\n- Delaware Statutory Trust
\\n- 1031 Exchange
\\n- Ted gives advice to beginner investors on what they should be doing when they\'re starting out.
\\n(34:52-35:09) BREAK
\\n(35:11-35:36) Second Segment
\\n- Welcoming listeners back and re-introducing podcast guest, Ted
\\n(35:37-40:12) Fire Round
\\n- Will Ted change his business strategy after Coronavirus?
\\n- Favorite real estate finance or and personal development related book?
\\n- Website or tools that Ted recommends
\\n- How does Ted give back?
\\n- How can Wealth Matters Podcast listeners reach out to Ted?
\\n(40:13-40:36) Closing Segment
\\nFor more information about CPA Ted Lanzaro, you can visit his website at www.lanzarocpa.com.
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