Maximizing Rental Income: Derek's Real Estate Portfolio Success
In this episode of Office Hours, Derek Fujikawa, the managing partner of Fujikawa and Associates, shares his impressive rental portfolio success.
How to Save $10,000 by Switching from an LLC or Sole Prop to a Corporation
With options like LLC, Sole Proprietorship, C Corp, and S Corp, it's easy to get confused. In this blog post, we will explore how switching from an LLC or Sole Proprietorship to a Corporation can save you up to $10,000 in taxes.
Maximizing Tax Advantages: Exploring Solar, EVs, Real Estate, and More
In this blog post, we will delve into the tax advantages of popular investments such as solar energy, electric vehicles (EVs), rental properties, and even hiring your kids. As a CPA, I will break down the potential tax implications of these investments and provide insights on whether they are worth considering. So, let's dive right in!
The Tax Implications of Flipping a House: What You Need to Know
In this blog post, we will break down the key points discussed in a recent episode of the Office Hours tax podcast by Fujikawa and Associates. From understanding capital gains to the benefits of living in the property you flip, we'll provide you with valuable insights to help you navigate the tax landscape of house flipping.
How to Buy an Apartment Complex: A Guide by a CPA
Are you interested in investing in real estate and wondering how to buy an apartment complex? Well, it's not as far-fetched as it may seem. In this blog post, we will summarize a video where Derek Fujikawa, a CPA, explains the process and considerations involved in purchasing an apartment complex. From understanding the rules of self-directed IRAs to exploring cost segregation and passive income options, syndications, limited partnerships, and more, we will cover the key points to help you make informed decisions and break down the structure and funding options for investing in these lucrative real estate ventures. So, let's dive in!
How a CPA Wrote Off a $90,000 ADU in Their Backyard
In this episode of the Office Hours Podcast by Fujikawa and Associates, hosts Josh and Derek discuss the benefits of building an Accessory Dwelling Unit (ADU) in your backyard.
Ensuring Your Children's Future: How a Family Trust Can Prevent Unintended Consequences
In this blog post, we will delve into the different types of trusts and estate planning, providing a comprehensive breakdown of their significance, and reasons why a family trust is a crucial component of estate planning.
The Best Short Term Rental Tax Hack
Short term rental properties are a great investment for high earners. They deliver strong cash-on-cash returns and the underlying asset often appreciates. In addition to that, they also offer those with high W-2 income a massive opportunity to reduce their tax burden.
7 Tax Benefits of Owning a Rental Property
Owning rental property not only generates income and increases owner equity over the long term, but it also provides numerous tax benefits compared to other income-producing assets. The U.S. tax code is particularly friendly to real estate investors, and there are seven key tax benefits that every investor should be aware of.
How to Claim Real Estate Losses For Your Taxes
Most people know that real estate investing is the gold standard for "write offs", but what does that actually mean?