March 10th, 2025 7:49 PM by Eric Willner
Radio Show Notes 03/10/25 Monday:Read a summary of the show below orListen HereWatch Live Facebook Video Here
Preparing for Tax Season 2025: How Real Estate Owners Can Save Thousands!
By Eric Willner, Investor and Host of The Real Estate Show, America’s longest running daily radio show about real estate.
Welcome to The Real Estate Show, hosted by me, Eric Willner, known as the Voice of Real Estate and founder of America’s longest-running daily radio show about real estate. I’m also the creator of The Automatic Landlord System for Owning Cash Flowing Real Estate Profitably and Hassle-Free. It’s a virtual real estate seminar in every episode.
Today is the “Monday On A Mission” Edition of The Real Estate Show, where we continue to talk about why NOW is the time to buy real estate using the theme of: Preparing for Tax Season 2025: Tips and Insights on Deductions and Credits Related to Real Estate Transactions.
Did you know? Many homeowners and real estate investors miss out on thousands of dollars in tax deductions each year simply because they don’t know about them? Did you also know that your home or investment property could provide you with significant tax advantages, but only if you prepare correctly? These “Did you know?” questions serve as a wake-up call, highlighting the real and pressing challenges Americans face with debt. They open the door for a deeper discussion about effective debt management strategies, financial planning, and solutions to help individuals break free from the burden of debt.
This week, we'll discuss strategies to optimize your finances, including tax management techniques, debt reduction methods, investment strategies, and leveraging your home as a business asset. Understanding these strategies is crucial to achieving real estate and financial success!
Free Workshops This Week:
Before we get into the meat of the show, let me remind you of this week’s special FREE Workshops:
1. Tuesday 8pm - Path To Home Ownership Introduction – Online by Invitation, text “Path” to 561-861-2366
2. Wednesday night 8:30pm - Financial Edge Academy Live Session – Online by Invitation, text “Edge” to 561-861-2366
3. Thursday night 8:30pm - Financial Edge Master Class – Invitation-only for attendees of Wednesday’s session.
You want to attend these workshops because real estate requires skill, strategy, adaptability, and an unwavering determination to cross the finish line successfully.
And remember—Everyone is in Real Estate! Either you own real estate, benefiting from appreciation, tax deductions, and cash flow, or you pay for real estate—whether through rent or your employer’s real estate costs. The road to financial victory may not be straight, but it’s certainly an exhilarating one! Take that journey with us.
9 Reasons to Prepare for Tax Season 2025:
1. Maximizing Deductions – Real estate owners can deduct mortgage interest, property taxes, and even certain home office expenses.
2. Depreciation Benefits – Rental property owners can deduct property depreciation, reducing taxable income.
3. 1031 Exchange Advantages – Delaying capital gains tax by reinvesting proceeds from a sold property into a new investment.
4. Tax Credits for Energy Efficiency – Solar panels, energy-efficient windows, and appliances may qualify for credits.
5. Avoiding IRS Penalties – Filing correctly and on time prevents penalties and interest fees.
6. Home Sale Exclusion – If you’ve lived in your home for two of the last five years, you may qualify to exclude capital gains.
7. Tracking Rental Income Correctly – Knowing what to report and what expenses to deduct makes a huge difference.
8. Business Use of Home Deduction – If you use a part of your home exclusively for business, it may be deductible.
9. Record Keeping and Documentation – Good record-keeping prevents mistakes and ensures compliance.
4 Major Roadblocks to Financial Independence:
Roadblock #1: Government and Taxes Taxes are often the biggest expense for Americans. Without tax planning, a significant portion of your income is lost to the IRS. Learning how to use legal deductions and credits can keep more of your hard-earned money working for you.
Roadblock #2: Interest and Finance Charges Mortgages, credit cards, and personal loans are designed to keep you in debt. Smart financial planning involves paying down high-interest debts while leveraging good debt, such as real estate loans, to build wealth.
Roadblock #3: Uncontrolled Monthly Bills Without a budget, it's easy to overspend on utilities, subscriptions, and lifestyle choices that eat into your savings. Tracking and managing expenses is key to freeing up cash for investments.
Roadblock #4: Inflation, the Silent Killer of Wealth Your money loses value over time due to inflation. Real estate, however, is a hedge against inflation—property values and rental income typically rise, keeping your wealth protected.
You can turn debt into wealth in real estate! Change your financial picture—start by texting the word CREDIT to 561-861-2366.
Sponsor’s Break
Today's show is brought to you by TimeToFixMyCredit.com, helping individuals improve their credit and financial future.
Summary
Today, we discussed why preparing for tax season 2025 is essential and how strategic planning can lead to financial success. From maximizing deductions and using tax credits to avoiding major financial roadblocks, knowing how to navigate taxes is a crucial part of real estate wealth-building.
Closing
Tomorrow is our Tuesday Tools, Tips, and Techniques Edition of The Real Estate Show. You won’t want to miss valuable resources and insights to help you profit and succeed in real estate. Thanks for tuning in, but don’t just listen—take action! Use this show to get started in real estate investing and change your life.
Don’t forget to attend our free online workshops. Text the word EDGE to 561-861-2366 to get started!
Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.
Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
#TheRealEstateShow, #The.Real.Estate.Show, #EricWillner, #AutomaticLandlord, #Saving vs Investing, #ThirdHome, #BestRealEstate, #WSBR, #AM740, #FM 96.9, FM 103.9, #WWNN, #AM1470, #MoneyTalkRadio, #TheRealEstateLife, #speakingempire, #GKIC, #makeamericagreatagain, #F.I.R.E., #The Real Estate Show, #propertymanagement, #rent, #Saving, #Investing, #Debt Solutions, # So You Can Retire Debt-free, #RetireDebtFree, #VA Loan, #AutomaticDebtSolution, #Tax, #MWR