Episode 59

Published on:

3rd Feb 2023

What I Learned (Amanda Han)

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Amanda Han, CPA, Tax Strategist and Managing Director of Keystone CPA Inc. She is also the author of, "The Book on Tax Strategies for the Savvy Real Estate Investor," and "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors," as well as a contributor to Money Magazine, Google Talks, and CNBC.

As always, Jake shares some of the insights he gained from his conversation with Amanda.

You'll discover the journey that Amanda and her husband embarked on to create their own firm, from entering the real estate business to discovering that their strengths lay not in negotiation, but in taxes.

Jake discusses some of the tips and strategies Amanda shared, such as how you can write off interest, and how you can use short term rentals to offset short term losses.

You will learn how Amanda and her husband have been able to take the very complex IRS tax code, and break it down into more simplified terms for the benefit of her clients.

Jake will also talk about situations when you can't 'unring the bell,' such as when you transition and sell a property, pay the taxes, but realize that you didn't do a 1031 exchange. You can't go back and correct that error. There are unfortunately certain things that you can't do outside of the calendar year.

Listen now and enjoy!

What You’ll Learn in this Show:

  • Why Amanda and her husband decided to start their own real estate investing business.
  • How you can start carving out tax savings without having to change your lifestyle.
  • Why it's so important to have a tax strategist and tax planner involved, particularly as you begin to make more money.
  • The opportunities that appear when you have a tax strategist and a planner working on your behalf.
  • And so much more...

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About the Podcast

Passive Wealth Principles
Contrarian Investing for Cash Flow and Freedom
You are listening to the Passive Wealth Principles Podcast. Your host; Jake Harris is the founder of an award-winning real estate investment firm and actively investing in commercial real estate all over the country. This show allows you to tune into interviews, dive deeper and deconstruction many passive wealth principles not just from investing but tactics, strategies, and many fascinating ways in which people have achieved levels of passive wealth.

Through my nearly 20 year career as a professional investor, I have built an amazing network of people and come across some super-savvy investors that not only have a unique stance on the marketplace but look at the same problems we all face and many times have come up with a simple but unconventional approach to solving them.

So come be a fly on the wall. Enjoy the conversations and these amazing passive wealth principle lessons.

Learn more: https://www.catchknives.com/

About your host

Profile picture for Jake Harris

Jake Harris

A sought-after expert and gifted story teller with contagious energy, he inspires everyone around him with encyclopedic research. He can take complicated ideas and convey them simply and clearly for everyone to understand. As a founder and managing partner of an award-winning commercial real estate firm, he has authored a #1 bestselling book (CatchingKnives). He has been featured in many publications including The NY Times & Yahoo Finance, he is a frequent speaker, podcast guest, and a highly valued coach. He uses those superpowers to pioneer cutting-edge bold design into an exciting hotel, infill, and adaptive reuse projects across the country. To date has purchased and sold1200+ properties in23 states and amassed a commercial real estate portfolio of iconic properties. He earned a master's degree in International Real Estate, sits on the FIU real estate board, is an accreditedCongress of New Urbanism city builder, a member of CCIM, Urban Land Institute (ULI) and holds a CA real estate brokers license.