President Trump may have been elected on the premise of his campaign slogan to “Make America Great Again,” but few realtors and real estate investors likely understood just how seriously beneficial his tax reform plan would be to their industry. The recent Tax Cuts and Jobs Act has created a myriad of astonishing opportunities for real estate investors in particular, and savvy investors who review the most impactful aspects of the recent reform will be in a fantastic position to make huge profits in the near-future.

So, why exactly is the new tax law a boon to real estate investors, and what do you need to understand to take advantage of it?

The new law is turbocharging real estate investment

After the White House and GOP lawmakers successfully pushed the Tax Cuts and Jobs Act through the halls of congress, wise real estate investors everywhere understood that the real estate market was about to undergo a serious spending splurge. That’s thanks to the many aspects of the recent tax reform efforts that will make it easier for Americans of all economic backgrounds to invest their hard-earned cash in real estate ventures, especially when it comes to lower tax rates that will see businesses and home owners investing more in their property.

For the most part, LLCs and homeowners in virtually all tax brackets will be paying substantially less to the federal government, which means they’ll have more cash on hand through 2018 to spend on their wisest investment: their property. Millennials in particular are likely to embark on a spending frenzy now that housing prices are likely to dip slightly, especially since that group has continuously struggled with moving out of their parent’s residences thanks to massive amounts of student debt.

With depressed housing prices across the nation, young Americans in particular are likely to flock towards property for the first time in their lives, particularly when they come to realize that the narrow window afforded to them by the recent tax reform efforts will close in the future, when property prices begin to spike upwards. This presents an ideal opportunity for investors who are looking cash in on a property-buying-frenzy before it begins, especially for those real estate gurus who have already picked up lucrative homes in states with a particularly young population.

Not all of the benefits from the recent reform initiative will go towards America’s younger population, of course; the 20% deduction on taxable income to pass-through businesses, for instance, is likely to please established investors who have been in the market for some time already. Private real estate partnerships with relatively few employees, too, will benefit when compared to their competitors with a higher payroll. That means that those real estate investors with their cash tied up in smaller, private firms are likely to enjoy a bit of extra spending money in their pocket thanks to the recent reform.

…But advantages vary from state to state

While the new tax law is an undeniable win for most real estate investors across the nation, it’s also important to note that, as with all other political legislation, there are certain winners and losers whose fate may rest in their geographic location. Certain states, for instance, will see a notably larger impact on housing prices and capital gains exemptions than others, which is why it’s imperative for real estate investors to study up on how tax reform efforts will vary from one state to another. If you feel like you are in violation or need a consultation please contact a Portland criminal defense lawyer.

After you’ve taken a glimpse at how different parts of the nation are impacted by the Tax Cuts and Jobs Act, you’ll likely see why it’s such a net-positive for real estate investors everywhere; for instance, the fact that Americans everywhere can now deduct up to $1 million of qualifying property, as opposed to the $500,000 they were previously permitted to deduct, means that investors everywhere will be more likely to part with their money thanks to the favorable change in regulations, especially for asset protection planning. Coupled with the broader economic growth currently roaring across disparate industries of the American economy, it’s easy to see that the new tax law will encourage better spending and savvier investment across the board.

That being said, real estate investors can’t hope to succeed if they’re not up to date on the specifics of the tax law, which can only be understood through comprehensive reading. Keeping yourself briefed on the latest industry research pertaining to the tax reform efforts, and you’ll be better suited than your competitors when it comes to taking advantage of the recent changes to how Americans and their favorite businesses pay their dues to the federal government. Above all else, get out your hammers and bust open those piggy banks – the time to invest in American real estate is now.