569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

<p>If you’re asking your CPA <a href="https://www.biggerpockets.com/blog/capital-gains-tax" rel="noopener noreferrer" target="_blank"><strong>how to not pay taxes</strong></a>, this may be the perfect episode for you. In fact, this episode is geared towards <strong>anyone </strong><a href="https://www.biggerpockets.com/blog/2012-09-02-top-ways-to-make-money-real-estate" rel="noopener noreferrer" target="_blank"><strong>making money in real estate</strong></a>, and listening could <strong>save you a massive amount in taxes</strong> over your lifetime. But isn’t tax reduction only for the ultra-rich? How can the average, everyday investor who has one, two, or a dozen rentals keep more of their capital so they can <strong>invest in more deals</strong>?</p><p><a href="https://wealthability.com/" rel="noopener noreferrer" target="_blank"><strong>Tom Wheelwright</strong></a> is the exact man to ask this question to. He’s so good at what he does, that he’s been <strong>advising </strong><a href="https://www.biggerpockets.com/richdadpoordad" rel="noopener noreferrer" target="_blank"><strong><em>Rich Dad Poor Dad</em></strong></a><strong>’s Robert Kiyosaki </strong>for decades. Tom is dedicated to minimizing the tax burden that he and other investors suffer from. If you’ve read <em>Rich Dad Poor Dad,</em> a lot of Tom’s strategy will sound familiar, but in reality, it’s what all intelligent investors are doing.</p><p>In today’s episode, Tom walks through the biggest areas <strong>where real estate investors can cut their tax bills</strong>, how to generate losses through <a href="https://www.biggerpockets.com/blog/beginners-guide-depreciating-investment" rel="noopener noreferrer" target="_blank"><strong>depreciation</strong></a>, building an investment system, and the<strong> five steps to eliminating income tax</strong> from your real estate deals. If you make money in real estate, no matter how, this is information you can NOT live without.</p><p><strong>In This Episode We Cover:</strong></p><p><strong>Why rich