Stop Overpaying Taxes: High-Level Tax Strategies for Investors

In this episode of the Jake & Gino Podcast, hosts Jake Stenziano and Gino Barbaro sit down with Kevin Bassett, CPA and founder of Bassett & Associates, PA. Kevin specializes in helping business owners and real estate investors with over $1 million in EBITDA or NOI maximize profitability while minimizing their tax burden. They dive into the difference between tax evasion and legal tax avoidance, exploring how high-net-worth investors can lower their effective tax rates over the lifetime of their investments. Key topics covered in this episode: State Tax Trends & Relocation: Why entrepreneurs are leaving high-tax states for low-tax jurisdictions like North Carolina, Tennessee, and Florida. Basic vs. Advanced Structures: Starting with single-member LLCs, partnerships, and S-Corporations before moving into advanced strategies. Cost Segregation & Bonus Depreciation: How to time deductions to shelter real estate cash flow. Offset Strategies Beyond Real Estate: Exploring Section 181 film credits and other vehicles to offset ordinary income when real estate deals are tight. Market Insights: Current trends in industrial real estate, warehousing, self-storage, and the challenges facing the multifamily sector. Whether you're just getting started or already in the "Two Comma Club," this discussion offers actionable insights to help you build and protect your wealth. 📚 Learn more about Wheelbarrow Profits Looking to invest in multifamily real estate or connect with experienced investors? 👉 https://wheelbarrowprofits.com 👉 bit.ly/zenAI\_bpp\_jandg 👉www.trudiagnostic.com code JAKEAND GINO. for 20% off We're here to help create multifamily entrepreneurs... Here's how: Brand New? Visit our website for more resources👉https://jakeandgino.com/ We're here to help create real estate entrepreneurs... About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.