Is the housing market at an inflection point? Tina Tamboer, Senior Housing Analyst at The Cromford Report says there has been a significant shift, specifically in supply and demand creating a very interesting dynamic right now in the greater Phoenix area, one of the nation's hottest markets. Are things becoming more favorable to buyers? What about investors? Is this seller’s market finally over?

Phoenix is a boom and bust type of market nowadays, but today is different from the last housing market crash. Whatever your residual anxiety over what you went through during that period of 2005, all the way to 2008, ‘09 and ‘10, you have to put those emotions aside. Emotions are not facts and you have to lean into the numbers to learn what's happening today.

If you rely on the numbers, you’ll see that shifts in supply and demand affect each range of the market differently. Somebody experienced on the higher end of the market is going to be different from somebody who's experienced on the lower end of the market and you have different players. People on the investment side of the market are having to adjust quickly as well.

Key Takeaways:

0:00 Welcome Tina Tamboer, Senior Housing Analyst at The Cromford Report

1:11 Shift in supply and demand affects each range of the market differently

2:00 Inventory is going up in different amounts in different markets

4:26 Affordability in the Phoenix Metro area

5:37 The interest rates have gone up so fast, the lending community can’t keep up

6:12 The difference between a crash and a correction

7:30 Interest rates coming down at the end of a recession

9:39 In RE investing, you can continually renegotiate your deal

10:48 Why this market is different from the last crash

13:28 Measuring housing supply and demand

15:37 Phoenix is a boom and bust type of market nowadays

17:14 New listings increasing sharply

18:09 Number of closings in the great Phoenix area

22:47 What’s happening in each market segment - below 400K and above 400K

23:35 Tune in for part 2 on the next episode! Learn more at CromfordReport.com

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Jason Hartman welcomes back Brandon Hall, CEO of Hall CPA to talk about tax strategies for real estate investors. If you're a real estate investor, you really have to know the passive loss rules - you can’t afford not to! As Jason always says, taxes are the single largest expense in most people's lives, yet people spend so little time understanding the tax code and learning how they can benefit from it.

Brandon Hall shares multiple strategies and educates you on the ways you can significantly reduce and potentially even eliminate your tax bill through short term rentals and the passive activity loss rules of Section 469.

Don’t miss this SPECIAL OFFER on Brandon Hall’s Tax Smart Foundation course at JasonHartman.com/taxsmart! Start your education today and use promo code HARTMAN for 50% off!

Key Takeaways:

0:00 Welcome Brandon Hall, CEO of Hall CPA and TaxSmart Investors to talk about tax strategies for real estate investors

0:46 Taxes are the single largest expense in most people's lives

2:16 Brandon Hall, CPA, Tax Smart Foundation

3:13 Long term and short term rental tax loopholes

4:45 Section 469 of the Internal Revenue Code: passive activity loss rules

6:43 RE taxes when you sell a property

8:16 Depreciation recapture

9:03 Cash flow today that you're not paying tax on

10:14 Tax loss from your rental real estate - passive and non passive income

13:51 Most real estate is going to produce net operating income positive cash flow, while simultaneously producing a tax loss

14:30 Use your suspended tax losses from rental real estate to protect my tax benefit

16:20 Investing in short term rentals and real estate professionals

17:29 A short term rental is not a rental activity under Section 469

19:56 Top three material participation tests

21:06 Start self managing your rentals with software

22:58 Self managing is all about systems

23:43 The huge benefit of 1031 exchange

24:58 Qualifying as a real estate professional

28:46 Excess business loss rules

31:33 Bringing forward depreciation deductions through cost segregation

32:21 Losses can always offset business income or rental income

33:30 Biden tax plan

34:30 SPECIAL OFFER on Brandon Hall’s Tax Strategy Foundation course at JasonHartman.com/taxsmart! Use promo code HARTMAN for 50% off!

JasonHartman.com/TaxSmart

Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
Instagram.com/jasonhartman1/
Linkedin.com/in/jasonhartmaninvestor/

Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/

Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund

CYA Protect Your Assets, Save Taxes & Estate Planning:
http://JasonHartman.com/Protect

Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals

Special Offer from Ron LeGrand:
https://JasonHartman.com/Ron

Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com