These six methods could help you save big money on your taxes.

Sound the alarms; a recession is coming! Have you heard the news? If not, it’s important that you get up to date and prepare. I can’t predict the future with 100% certainty, but I have seen many stats that prove a recession should be coming. What are those stats? What should we do about this? How will this affect the real estate market? Today, I am here to answer these questions and more. 

Watch the full explanation in the video above or skip to specific topics using these timestamps: 

0:00 — You are paying too much in taxes  

0:25 — The Augusta Rule  

1:09 — The 199A

1:44 — Pay your kids
2:40 — Employer retention credit

3:13 — Start an opportunity fund

4:00 — 45L Energy Credits

4:22 — A book recommendation

4:35 — Call me if you have questions

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Three options for those who need to buy a home before selling.


Talking Point #1: Make an offer with a home-sale contingency
 
By including a home-sale contingency in your offer, you can purchase the new house once your existing one sells successfully. If your current home doesn’t sell within a certain time frame, you can cancel the purchase contract without any penalties. To sweeten the deal, your agent can explain to the seller that your house will likely sell fast in today’s market.
 
 
Talking Point #2: Finance with a bridge loan
 
A bridge loan is a short-term, high-interest loan. When you buy with a bridge loan, you can use your existing home as collateral to get a loan for your new house. To close your bridge loan faster, try to align the closing dates of your buying and selling transactions.
 
 
Talking Point #3: Use a service that will help you make a cash offer.
 
Compan ...