How Much Are You Paying in Taxes? - Invest on Main Street

How Much Are You Paying in Taxes?

Hello, this is Shuo. 

Why do some people make way more money than us but are not paying taxes? Lots of people don’t know that Tax Shielding is one of the most extraordinary benefits of investing in multifamily. Through depreciation, cost segregation, bonus depreciation and 1031 exchange, much of your investment income is tax-free, and you may even be able to use multifamily tax benefits to offset your other income

The United States federal government wants to incentivize investors to provide housing for Americans and does require these incentives by law.

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Patrick Grimes

Patrick Grimes is a design engineer and CEO and Founder of Invest on Main Street, LLC. His real estate holdings include general partner ownership of a multifamily and single-family real estate portfolio valued over $146M, including 1,950+ units across the southeastern United States and Texas.

He has been active in real estate investment since 2007, including purchasing land and distressed assets, renovating them, and stabilizing them for long-term cash flow. ​To scale his real estate portfolio, Patrick moved from single-family to multifamily investing and founded Invest on Main Street, a private equity firm specializing in multifamily value-add projects in emerging markets.

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