--- title: Become an Expert in Real Estate Write-offs description: Have you ever dreamed of saving money for your future while cutting off taxes and running your small business at the same time? Well, Income Hackers, this is possible. Contrary to what we’ve been told all of our lives, you have to pay yourself first on any of your earned income (even 1% can make a difference ). Our today’s guest, Greg Levine is here to help us get financial clarity when it comes to expanding our own business. image: https://www.theinvestorsedge.com/hubfs/Blog%20Media/RealEstateWriteOffs.jpg --- [Skip to content](https://www.theinvestorsedge.com/incomehacker/become-an-expert-in-real-estate-write-offs#main-content) [ Close ](https://www.theinvestorsedge.com/incomehacker/become-an-expert-in-real-estate-write-offs#) - Courses - House Flipping - [Find Fund Flip System For Houses](https://www.theinvestorsedge.com/find-fund-flip-system) - Land Flipping - [Find Fund Flip System For Land](https://www.theinvestorsedge.com/land-flipping) - Software - Tools & Automation - [The Investor's Edge Software](https://www.theinvestorsedge.com/real-estate-investment-software/investors-edge/) - [Proof of Funds](https://www.theinvestorsedge.com/real-estate-investment-software/proof-of-funds) - [Next Property Roadmap](https://www.theinvestorsedge.com/real-estate-investment-software/next-property-roadmap) - 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[ARV Calculator & Property Value Analysis](https://www.theinvestorsedge.com/real-estate-investing-calculators/arv-calculator) - [Mortgage Calculator](https://www.theinvestorsedge.com/mortgage-calculator) - [Early Mortgage Payoff Calculator](https://www.theinvestorsedge.com/early-mortgage-payoff-calculator) - [Amortization Calculator](https://www.theinvestorsedge.com/amortization-calculator) - Funding - Funding with The Investor's Edge - [Funding Your Next Flip](https://www.theinvestorsedge.com/funding) - [Our Funding Process](https://www.theinvestorsedge.com/our-funding-process) - [Where We Lend](https://www.theinvestorsedge.com/where-we-lend) - [Why Off-Market Properties](https://www.theinvestorsedge.com/off-market-properties) - Financing Options - [Hard Money Loans](https://www.theinvestorsedge.com/hard-money-loans) - [Gap Financing Ideas](https://www.theinvestorsedge.com/hard-money-loans/gap-financing) - About Us - About The Investor's Edge - [About Us](https://www.theinvestorsedge.com/about-us) - [How We're Different](https://www.theinvestorsedge.com/about-us/how-were-different) - What Our Members Are Saying - [Reviews and Success Stories](https://www.theinvestorsedge.com/about-us/reviews) - [Recent Fix & Flip Rehabs](https://www.theinvestorsedge.com/rehabs) - Investing 101 - Start Here - [Real Estate Investing For Beginners](https://www.theinvestorsedge.com/real-estate-investing-for-beginners) - Finding Properties - [Our Finding Process](https://www.theinvestorsedge.com/our-finding-process) - [Find Motivated Sellers](https://www.theinvestorsedge.com/find-sellers) - [Market to Motivated Sellers](https://www.theinvestorsedge.com/market-to-motivated-property-sellers) - Buying Properties - [Calculate After Repair Value](https://www.theinvestorsedge.com/calculate-after-repair-value) - [Estimate Rehab Costs](https://www.theinvestorsedge.com/estimate-rehab-costs) - [Calculate Profits](https://www.theinvestorsedge.com/calculate-profits) - [Negotiate Offers](https://www.theinvestorsedge.com/negotiate-offers) - Wholesale Properties - [Find Cash Buyers](https://www.theinvestorsedge.com/sell-properties/find-cash-buyers) - Investing Strategies - [Fixing & Flipping Houses](https://www.theinvestorsedge.com/fixing-and-flipping-houses) - [Wholesale Real Estate](https://www.theinvestorsedge.com/wholesale-real-estate) - [BRRR Method](https://www.theinvestorsedge.com/brrr-method) - [Blog](https://www.theinvestorsedge.com/blog) - [Podcast](https://www.theinvestorsedge.com/incomehacker) CALL US: [(801) 396-9772](tel:+18013969772) Search Suggestions ![Become an Expert in Real Estate Write-offs](https://www.theinvestorsedge.com/hs-fs/hubfs/Blog%20Media/RealEstateWriteOffs.jpg?width=300&name=RealEstateWriteOffs.jpg) Nov 8, 2019 5:05:00 PM # Become an Expert in Real Estate Write-offs [Previous ](https://www.theinvestorsedge.com/incomehacker/out-of-state-investing-with-bo-kim-of-bigger-cash-flow-podcast) [Next ](https://www.theinvestorsedge.com/incomehacker/get-paid-to-live-for-free-with-daray-olaleye-of-before-the-millions) - [Tweet](https://twitter.com/share) ## Listen to Episode 27: Have you ever dreamed of saving money for your future while cutting off taxes and running your small business at the same time? Well, Income Hackers, this is possible. Contrary to what we’ve been told all of our lives, you have to pay yourself first on any of your earned income (even 1% can make a difference ). Our today’s guest, Greg Levine is here to help us get financial clarity when it comes to expanding our own business.  In this episode, you will learn how to do tax write-offs, including real estate write-offs, and how you can take advantage of those processes. Levine will share with us the importance of balancing your day job and investing at the same time, in order to have a blooming financial future. This income hacker runs an accounting and fractional CFO business, and he helps businesses get their finances in check, to take them to the next level.  Even if you think this is not important, or that you can start this habit ‘next month’, the sooner you start saving something (even a little bit), the bigger the impact on your wallet over time. When it comes to hacking your income, Greg recommends to make sure that part of what you earn is completely yours to keep; Remember, you don’t always have to max out on your lifestyle to surround yourself with wealth. Walk with us in this new Income Hacker episode and start developing strategies to grow your business and your personal wealth.  *“Make sure that you set yourself up for a comfortable financial life where you don’t have to be stressed all the time”* - Greg Levine **Podcast summary:** 01:54 - What is a fractional CFO and why it might be right for you?  03:16 - Tips for small businesses to bring good accounting principles into their business. 04:52 - How important is it for businesses to track their expenses to get some tax write-offs. 07:00 - How to manage real estate write-offs and taking into account appreciation entries as well as amortization. 08:39 - Putting on the entrepreneurial hat vs. being employed and harnessing the best from both worlds. 14:51 - Useful tips to get your personal finances in order and start creating personal margins. 19:52 - The future value of money and the opportunity cost of delaying gratification. 20:45 - Why more money sometimes is not the answer and being wary of credit cards and bad debt. 25:36 - Streamlining your financial operation and diversifying your bank accounts. 30:49 - Greg’s biggest mistakes: Getting behind on your accounting, relying solely on your bank accounts and having a big credit card bill. **Connect with Greg** [Action Now CFO](https://actionnowcfo.com/)  Want to learn more? Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge. [![Learn More - Attend Our Next Webinar](https://no-cache.hubspot.com/cta/default/23711988/17584397-0a87-4eac-9f6e-804ef02c9b6b.png)](https://cta-redirect.hubspot.com/cta/redirect/23711988/17584397-0a87-4eac-9f6e-804ef02c9b6b) ![avatar](https://23711988.fs1.hubspotusercontent-na1.net/hub/23711988/hubfs/RyanGWright-Headshot.jpg?width=290&name=RyanGWright-Headshot.jpg) [Ryan G. Wright ](https://www.theinvestorsedge.com/incomehacker/author/ryan-g-wright)Ryan became a multimillionaire before the age of 30 through a combination of real estate investing and a passion for personal finance. He hates Wall Street, loves personal margin, and advocates for everyone to take control of their finances themselves - all of which he talks about on the Income Hacker podcast. 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Connect with us on Social Media: Copyright © 2025 TheInvestorsEdge.com All Rights Reserved ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "abstract" : "Have you ever dreamed of saving money for your future while cutting off taxes and running your small business at the same time? Well, Income Hackers, this is possible. Contrary to what we’ve been told all of our lives, you have to pay yourself first on any of your earned income (even 1% can make a difference ). Our today’s guest, Greg Levine is here to help us get financial clarity when it comes to expanding our own business.", "author" : { "@type" : "Person", "name" : "Ryan G. Wright" }, "dateModified" : "", "datePublished" : "", "headline" : "Become an Expert in Real Estate Write-offs", "image" : "https://23711988.fs1.hubspotusercontent-na1.net/hubfs/23711988/Blog%20Media/RealEstateWriteOffs.jpg", "inLanguage" : "en", "keywords" : "[Income Hacker - Podcast Episodes, Hacking, Inspiration, Income, House]", "mainEntityOfPage" : { "@type" : "WebPage" }, "name" : "Become an Expert in Real Estate Write-offs", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://23711988.fs1.hubspotusercontent-na1.net/hubfs/23711988/Logos/New%20Logo/New-TheInvestorsEdgeLogo-ForLight-257x100-1.png" }, "name" : "The Investor's Edge" }, "text" : "Listen to Episode 27: Have you ever dreamed of saving money for your future while cutting off taxes and running your small business at the same time? Well, Income Hackers, this is possible. Contrary to what we’ve been told all of our lives, you have to pay yourself first on any of your earned income (even 1% can make a difference ). Our today’s guest, Greg Levine is here to help us get financial clarity when it comes to expanding our own business. In this episode, you will learn how to do tax write-offs, including real estate write-offs, and how you can take advantage of those processes. Levine will share with us the importance of balancing your day job and investing at the same time, in order to have a blooming financial future. This income hacker runs an accounting and fractional CFO business, and he helps businesses get their finances in check, to take them to the next level. Even if you think this is not important, or that you can start this habit ‘next month’, the sooner you start saving something (even a little bit), the bigger the impact on your wallet over time. When it comes to hacking your income, Greg recommends to make sure that part of what you earn is completely yours to keep; Remember, you don’t always have to max out on your lifestyle to surround yourself with wealth. Walk with us in this new Income Hacker episode and start developing strategies to grow your business and your personal wealth. “Make sure that you set yourself up for a comfortable financial life where you don’t have to be stressed all the time” - Greg Levine Podcast summary: 01:54 - What is a fractional CFO and why it might be right for you? 03:16 - Tips for small businesses to bring good accounting principles into their business. 04:52 - How important is it for businesses to track their expenses to get some tax write-offs. 07:00 - How to manage real estate write-offs and taking into account appreciation entries as well as amortization. 08:39 - Putting on the entrepreneurial hat vs. being employed and harnessing the best from both worlds. 14:51 - Useful tips to get your personal finances in order and start creating personal margins. 19:52 - The future value of money and the opportunity cost of delaying gratification. 20:45 - Why more money sometimes is not the answer and being wary of credit cards and bad debt. 25:36 - Streamlining your financial operation and diversifying your bank accounts. 30:49 - Greg’s biggest mistakes: Getting behind on your accounting, relying solely on your bank accounts and having a big credit card bill. Connect with Greg Action Now CFO Want to learn more? Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge.", "url" : "https://www.theinvestorsedge.com/incomehacker/become-an-expert-in-real-estate-write-offs", "wordCount" : "1183" } ``` ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Ryan G. 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In 2023, DoHardMoney.com was rebranded to TheInvestorsEdge.com. The company had outgrown hard money lending alone, since it now offers educational courses, proprietary deal-finding software, and expert support in addition to funding." }, "name" : "Is DoHardMoney.com the same as TheInvestorsEdge.com?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "No. The education, software, funding, and systems are built to walk a member through their first flip with no prior experience." }, "name" : "Do I need experience in real estate investing to work with The Investor's Edge?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "The Investor's Edge recommends having around $10,000 or more for flexibility in closing deals. Deals with substantial equity can qualify for up to 100% funding, meaning qualifying deals can close with $0 in closing costs. 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