Unlocking Tax-Efficient Wealth in Real Estate

Описание: In this episode of Multiple Perspectives, host David Lofgren sits down with Thomas Castelli, CPA, real estate investor, podcast host, and Partner at Hall CPA Group, to unpack the powerful intersection of tax strategy and passive real estate investing. From leveraging depreciation and cost segregation studies to the smart allocation of investments across taxable and retirement accounts, Thomas shares practical insights that help investors maximise their after-tax returns. He also introduces the “Buy Box Framework” for aligning deals with personal goals and outlines the three pillars of portfolio diversification. This conversation is a must-listen for limited partners seeking to build resilient, tax-efficient real estate portfolios.

What You'll Learn:

• How to leverage depreciation and cost segregation to maximize tax benefits
• The strategic difference between investing through IRAs vs. taxable accounts
• The "Investment Buy Box" framework for evaluating deals based on growth vs. income
• How to assess sponsor quality through multiple market cycles and track records
• The three-pillar approach to diversification: sponsors, asset classes, and markets
• Why understanding market timing and interest rates is crucial for optimal timing
• The tax implications of debt vs. equity investments in commercial real estate
• How to avoid common pitfalls in special allocations and unrelated business income tax
• The strategic advantage of waiting for full investment cycles before deepening sponsor relationships

Thomas Castelli is a CPA, Partner at Hall CPA Group, and co-host of the Tax Smart REI Podcast. With over a decade of experience as both a tax advisor and active investor, he specialises in helping limited partners and commercial real estate investors maximise after-tax returns. Combining technical expertise with hands-on investing, Thomas guides clients through cost segregation, fund structuring, and strategic allocations, empowering high-income professionals and real estate entrepreneurs to scale wealth efficiently while navigating complex tax landscapes.

To learn how EquityMultiple is making commercial real estate investing more accessible, transparent, and rewarding for individual investors, head to https://equitymultiple.com/

Chapters:
[00:00] Intro
[02:15] Leveraging Depreciation for Tax Savings
[05:21] Equity vs. Debt: Smart Tax Strategies
[08:59] Sponsor Due Diligence and Building Your Buy Box
[12:29] Cost Segregation: Maximizing Tax Advantages
[15:40] Choosing Between IRA and Personal Accounts
[19:53] Defining Your Investment Strategy: Growth vs. Income
[31:08] Three-Dimensional Portfolio Diversification
[35:35] Market Cycles and Future Tax Opportunities

Episode Resources:
Multiple Perspectives is brought to you by https://equitymultiple.com/?utm_sourc...
Thomas Castelli on LinkedIn:   / thomascastelli  
Hall CPA Group Website: https://www.hallcpagroup.com/
David Lofgren on LinkedIn:   / david-lofgren  

For full show notes, please visit: https://multipleperspectivespod.com/

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