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Updated over 2 years ago, 03/24/2022
W2 earned income to real estate investing.
Hello, I like my w2 job. I also want to invest in multi family real estate. How would keeping my normal job affect my taxes? I want to essentially invest all money earned from my regular job and invest into real estate. As real estate is a business would this reduce my tax liability on the regular job? They always talk on the podcast how you invest in your business.
Would buying real estate and investing in my real estate reduce my tax liability on the earned income? Essentially as I invest the money from my day job I don’t have it so I shouldn’t be taxed on it.
Any ideas would be appreciated.
Thank you