How to Avoid Taxes with Real Estate Before Year End!

Summary

This video outlines an 8-step process for real estate investors to reduce their tax burden before year-end. Key steps include choosing the right property strategy (short-term vs. long-term rental), considering the building-to-land ratio (aiming for at least 80% building value), getting a cost segregation study estimate, going into escrow, setting up an LLC, listing the property, renting it out, and finally, executing the cost segregation study. The video emphasizes the importance of keeping detailed logs of time spent on the rental property business and leveraging services like Northwest Registered Agent for legal and administrative tasks.