Passive ideas for tax sheltering

[Brian Kempler]

Hi everyone,

I am getting into wholesaling and lease options. Note buying after a downturn. Including my day job (135k/yr) that means a whole lot of taxes to pay.

Does anyone have advise on how to reduce taxes for someone like myself who has no desire to manage a property that has someone with no perceived ownership interest?

The closest thing I can think of is to possibly put the note buying on hold even longer, and take part in a commercial syndication. I'm not sure if I can depreciate my share, and deduct mortgage interest in this case. Maybe the income tax shielded wouldn't be very much anyways.