Tax credits are a great way to leverage commercial real estate purchases. They can be used to offset the cost of the property and reduce the amount of taxes that you owe.
Investments in commercial real estate (CRE) are often made for cash flow, passive income, portfolio diversification, and long-term price growth. These advantages provide investors with reliable income in one manner or another.
It may seem strange to see taxes as a benefit since they reduce the revenue real estate investors receive. To further appreciate why many investors believe this asset class to be tax-benefit-rich, it is helpful to look more closely at CRE taxes.
In this episode of The Entrepreneurial Agent, David Nygaard joins Paul and they discuss how David transitioned into real estate, the advantages of buying proprty of renting and the importance of knowing how to negotiate.
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00:00 Introduction 0:42 Introducing David Nygaard 1:23 David's business experience and how he got into real estate 5:52 David's focus on small business today in real estate 7:21 Advantages of buying property over renting 9:27 Helping clients who are small business owners as a real estate agent 15:01 New real estate opportunities with old buildings 18:07 Advantages for a business owner who owns the business' building 22:37 The importance of knowing how to negotiate
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Connect with Paul
Website: https://vantagepointresidential.com/
LinkedIn: https://www.linkedin.com/in/paul-neal-47b8478/
Connect with David Nygaard
Website: https://www.davidnygaardproperties.com/ Email: david@davidnygaard.com
Facebook: https://www.facebook.com/davidnygaardproperties
Linkedin: https://www.linkedin.com/in/david-nygaard-993a287/