Empowering Your Investment Strategy
Real Estate Investors
As a real estate investor, whether you’re flipping homes, rehabbing properties, or building new developments, your tax situation is complex. At Wong CPA Advisory PLLC, we specialize in helping real estate investors navigate the intricacies of tax planning and compliance, so you can focus on growing your investments while keeping more of your hard-earned profits.
Depreciation Strategies to Maximize Your Real Estate Deductions
Depreciation is one of the most valuable tax benefits for real estate investors, especially for those holding properties long-term. We help you understand how to maximize your depreciation deductions, including cost segregation studies to accelerate depreciation on certain property components.
Flippers: Tax Strategies to Maximize Profit
Flipping properties can generate quick profits, but it also comes with unique tax implications. Our services help you navigate short-term capital gains taxes and maximize deductions on property improvements and operational costs.
We Help You With:
- Reducing the impact of short-term capital gains taxes on flip profits
- Structuring your business to lower tax liabilities (e.g., LLC, S-Corp options)
- Deducting the costs of property improvements, materials, and labor
- Managing depreciation schedules for property you choose to hold as rental instead of selling
Rehabbers / Investors using the BRRRR Strategy
Buy-and-hold investors using the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy have unique tax needs. We help you navigate the tax implications at each stage of the process, from rehab deductions to rental income reporting and refinancing strategies.
Key Services for Rehabbers:
- Deducting rehab and renovation costs, from materials to contractor fees
- Understanding which improvements can be capitalized and depreciated over time
- Tax planning for property dispositions (sale or long-term hold)
- Managing 1031 exchanges to defer capital gains taxes on profitable rehab sales
Builders: Tax-Efficient Planning for New Developments
As a builder, managing the tax implications of new construction can be daunting. We help you structure your business for maximum tax efficiency, plan for project-based tax liabilities, and claim all available deductions for materials, labor, and development costs.
Builder-Specific Services:
- Tax planning for large-scale developments and long-term projects
- Deducting the costs of construction materials, labor, and subcontractors
- Managing taxes on unsold inventory and tracking carryover losses
- Tax-efficient structuring for long-term investments or development flips
1031 Exchange Guidance for Real Estate Investors
Whether you’re a flipper, rehabber, or builder, if you’re reinvesting in real estate, a 1031 exchange can allow you to defer capital gains taxes and build wealth faster. We guide you through the process to ensure compliance and help you take full advantage of this powerful tax deferral strategy.
Real Estate Investors
We are here to help
Accounting
From setting up your books, to monthly bookkeeping and financial reporting, we help simplify your financial management by keeping you organized and informed.
Tax Preparation
Leverage our specialized tax services. We go beyond basic compliance to proactively seek opportunities to minimize your tax bill and maximize your returns.
Advisory and Planning
Maximize your earnings with tax efficient strategies designed for your business. Work alongside our advisors to ensure peace of mind and financial optimization along the way.
Request a Quote
We offer transparent pricing on all of our services. Lets explore how we can support your financial goals, regardless of your business size.