625: Live Takes: How to Tackle the Tax Man by Buying More Real Estate

<p>Every investor wants to know <a href="https://www.biggerpockets.com/blog/capital-gains-tax" rel="noopener noreferrer" target="_blank"><strong>how to avoid taxes</strong></a>. Many rental property investors get into real estate for this reason alone. And it makes sense—<strong>rental property write-offs</strong> are not only common in the world of real estate investing but can be very lucrative in almost <strong>eliminating your yearly tax burden</strong>. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property?</p><p>We’re back again with another <strong>Live Takes episode</strong>, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about <strong>how to reduce self-employment tax</strong>, <a href="https://www.biggerpockets.com/blog/real-estate-mentor" rel="noopener noreferrer" target="_blank"><strong>finding a mentor</strong></a> when you’re brand new to the investing game, what happens when <strong>partners disagree</strong> on where and what to invest in, and<strong> how to maximize depreciation</strong> on a cash-flowing property.</p><p><strong>Do you have a question you’d love to ask David?</strong> If so, <a href="http://biggerpockets.com/david" rel="noopener noreferrer" target="_blank"><strong>submit your question here</strong></a> so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or <a href="https://www.instagram.com/davidgreene24/?hl=en" rel="noopener noreferrer" target="_blank">follow David on Instagram</a> to see when he’s going live so you can jump on a live Q&amp;A and get your question answered on the spot!</p><p><strong>In This Episode We Cover:</strong></p><p>How real estate professional status can <strong>greatly reduce your tax burden</str