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Taxation in Real Estate with Michael Plaks Pt. 2
This episode is part 2 of my conversation with the “black belt” in real estate taxation, Michael Plaks. If you weren’t able to follow this episode, please go back and listen to part 1.
Let’s jump right into Michael’s story and how he saves real estate investors from excessive taxation.
[00:01 - 05:29] Become a ‘Real estate Professional.’
We both have full-time jobs. Can we commodify real estate professionals if one of us obtains a realtor license?
The answer is No
How do we become a real estate professional?
It is not ‘becoming,’ but a qualification
Michael talks about Federally licensed…
The skinny
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