In this episode of The Home Show, We discuss how the Tax Code and Real Estate can make you wealthy with Camari Ellis, a seasoned tax professional with over 30 years of experience. Mr. Ellis provides insights into the tax benefits of homeownership and shares practical advice on tax planning and financial education. The conversation revolves around whether buying a home to save on taxes is wise and how the tax code can help build generational wealth. We also explore how homeownership can provide stability and create lasting family memories. Lastly, we discuss the need for a collective approach to buying property and creating a solid money team for financial success.

00:00 Introduction and Welcome

00:00 Introducing the Guest: A Tax Professional

00:32 The Importance of Financial Education

01:47 The Power of Real Estate in Tax Planning

01:51 Understanding Tax Credits and Home Ownership

02:04 The Strategy of House Hacking

04:41 The Tax Benefits of Running a Business from Home

07:23 The Emotional Value of Home Ownership

08:29 The Importance of Buying a Home You Can Afford

09:31 Tax Benefits of Selling Your Home

09:59 The Reality of Real Estate Investments

10:03 The Importance of Location in Real Estate

10:03 The Power of Homeownership

10:54 The Risks of Overspending on a Home

11:36 Building Your Money Team

12:15 The Power of Insurance

13:05 The Impact of Student Loans on Homeownership

13:21 The Capital Gains from Home Appreciation

17:34 The Power of Multi-Generational Living

19:49 The Importance of Community in Homeownership

20:20 Closing Thoughts on Homeownership

Guest Information: 

Camari Ellis, EA

Website

Appointment

YouTube

NMLS: 180100 | 115140