196: LLCs, House Hacking, and Saving on Taxes with Brandon Hall

<p>What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right:&nbsp;<strong>TAXES</strong>. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with&nbsp;<strong>Brandon Hall</strong>, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes!</p><p>In This Episode We Cover:</p><ul><li>How Brandon realized the&nbsp;<strong>need for a CPA</strong>&nbsp;through the BP community</li><li>How he&nbsp;<strong>grew&nbsp;his firm</strong>&nbsp;through the BiggerPockets Forums</li><li>The importance of giving&nbsp;<strong>value</strong>&nbsp;to others</li><li>The details on his&nbsp;<strong>three-unit</strong>&nbsp;property</li><li>Tips for hiring&nbsp;a “<strong>leverage</strong>&nbsp;property manager”</li><li>How to find&nbsp;investors in your&nbsp;<strong>community</strong></li><li>The details on his second&nbsp;<strong>triplex</strong></li><li>Why he focuses on&nbsp;<strong>multifamily</strong></li><li>How he funds his deals through&nbsp;<strong>FHA loans</strong></li><li>The way he looks at&nbsp;<strong>PMI</strong></li><li>A mistake he is guilty of when it comes to&nbsp;<strong>inherited tenants</strong></li><li>Training your tenants and other&nbsp;<strong>management hacks</strong></li><li>The tax benefits of&nbsp;<strong>house hacking</strong></li><li><strong>Mistakes</strong>&nbsp;he’s made in his real estate investing</li><li>Tips for finding a&nbsp;<strong>good CPA</strong></li><li>Advice for those deciding whether to use&nbsp;an&nbsp;<strong>LLC or not</stro