Increasing your income without increasing the taxes that you have to pay is possible. And my two special guests on today’s episode explain precisely how to do it. They are Brandon Hall and Thomas Castelli, CPAs and experts in tax efficiency.  

Brandon Hall is the Managing Partner at The Real Estate CPA. His area of focus is tax planning, and he owns more than 24 units in real estate. His company is changing the playbook for entrepreneurs and real estate investors across the country by finding them tax efficiency and tailored tax strategies. My other guest, Thomas Castelli, is a Partner at The Real Estate CPA and also focuses on tax planning. Thomas owns an 82-unit apartment building and has Real Estate Financial Modeling certifications. These guys are the real deal. 

These are some of the topics covered in the episode:   

• Increasing your income without paying more taxes  
• Going from a W2 to a 1099 or a K1 as a physician
• Achieving tax efficiency with short-term rentals
• Doing your due diligence in oil and gas investing 
• Role of syndication in real estate investing

This episode is about helping physicians navigate the complex world of taxes and find ways to be more tax efficient. We talked about many issues, including mistakes made by doctors when investing in real estate and the advantages of multifamily investing. Tune in to learn how to make the most of your real estate investments and minimize your tax liability.

“The cashflow needs to cover the bills and give me a return. That way, any appreciation is not something that I can count on, but man, if it runs up, I’m going to try to take as much  advantage of that as I can.” – Brandon Hall 

In This Episode:

00:00 Welcome back to another episode of the Limitless MD podcast

02:30 Changing from mainstream CPA to following their own path      

07:46 Tax challenges experienced by physicians         

09:56 Increasing your income without paying more taxes   

13:09 Investing in real estate is a hedge against inflation 

14:40 Going from a W2 to a 1099 or a K1 as a physician 

20:53 Achieving tax efficiency with short-term rentals  

25:06 Doing due diligence in oil and gas investing 

32:01 Accounting patterns seen in successful clients  

35:29 Helping a billion people to become a billionaire   

37:43 Investing in big real estate thanks to syndication

Resources Mentioned:
– Bigger Pockets 

– The Short-Term Rental Tax Course

– https://vikramraya.com/programs/

– Sign up to my email list

– Apply to work with Vik and book a clarity call here

– Group Coaching Now Open! Apply Here 

Connect with Vikram:
– Website: https://vikramraya.com/

– Instagram: https://www.instagram.com/vikramraya/  

– Facebook: https://www.facebook.com/Vikramrayamd

– LinkedIn: http://www.linkedin.com/in/vikramraya/

– YouTube: https://www.youtube.com/channel/UCdq9M-kD0L2hy1UlfOK-hwQ

Connect with Brandon Hall:

– Website – https://www.therealestatecpa.com/  

– Email – brandon.hall@hallcpallc.com

Connect with Thomas Castelli:

– Website – https://www.therealestatecpa.com/  

– LinkedIn – https://www.linkedin.com/in/thomascastelli/

Special Thank You to Music Provided by Music Library https://soundcloud.com/music-library-non-copyrighted-sounds/300-violin-orchestra-jorge-quintero-copyright-and-royalty-free