Basic tips for real estate investors to save money on taxes

[Pavel Gos]

I'm a new real estate investor, and I found some basic tax tips, which I want to follow:

1. Depreciation - a non-cash deduction that allows me to deduct a portion of the cost of properties over their lifetime.

2. I can deduct many different expenses as a real estate investor, such as mortgage interest, property taxes, and repairs.

3. If there are any losses on real estate investments, I can offset them against capital gains.

4. Pass-through entities, such as partnerships and S corporations, allow to pass the income and losses from business directly to tax returns.

Do you think hiring a tax professional is a must-have? What are your tips?