Sep 29, 2023
Thomas Castelli is a Tax Strategist and investor who helps real estate investors keep more of their hard-earned dollars in their pockets and out of the government’s. Over his tax career, he has worked 1-1 with 100+ investors to help them reduce their tax bills.
On the investing side, he was on the sponsorship team of an 82-unit apartment community and has invested in multiple syndicates/funds as an LP.
In this episode we talked to Thomas about his insights on passive investing, tax benefits of commercial real estate, practical tips on tax strategies, ensuring investor success, bonus depreciation in regards to what the future holds, and much more.
Announcement: You can join the Invest Beyond Multifamily Conference here.
Strategic Investments;
01:58 Thomas’ background;
04:45 Passive investing as an LP;
06:21 Multifamily vs. stock market
08:49 Tax benefits in commercial real estate;
15:50 Future outlook on bonus depreciation;
17:16 Why you don’t need the “real estate professional” status;
21:06 The benefits of investing;
23:48 Making sure of the investor’s success;
26:02 Tips on investing and tax strategies;
29:56 Round of insights;
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Round of Insights
Apparent Failure: Working on recruiting to build a network for investments.
Digital Resource: Audible
Most Recommended Book: Atomic Habits
Daily Habit: Reviewing the tasks of the next day every night.
#1 Insight for Diving into Managing Investor Relationships: Don’t overlook the importance of Partial Asset Disposition.
Best Place to Grab a Bite: Texas Roadhouse
Contact Thomas:
To learn more go to www.therealestatecpa.com
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