The LearnLikeaCPA Show

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode from the ATL Real Estate Conference, I share how I went from failing senior year math to becoming the youngest CPA in Illinois. I walk through the tax strategies I use with real estate investors, like cost segregation, depreciation, and how to take advantage of the short-term rental loophole. I also talk about mindset, making smart investment decisions, and avoiding common tax mistakes. Throughout the session, I share real examples and lessons from my own journey and client experiences.Timestamps:00:00:00 Intro 00:00:30 Writing your own story & becoming a CPA after failing math 00:01:45 Lessons from working at a pizza place 00:03:00 Working at Deloitte & shifting focus to helping everyday investors 00:04:05 First property purchase story and seller concessions 00:05:01 Psychology of loss and walking away from a Deloitte bonus 00:06:32 What you stand to gain vs. lose 00:07:13 Three biggest killers of wealth: taxes, inflation, indecision 00:08:21 Commonly missed tax deductions 00:09:26 Power of depreciation explained 00:10:52 Boosting cash-on-cash returns with cost segregation 00:12:33 Using losses to offset income from other sources 00:13:29 Personal tax return breakdown and tax strategy 00:15:13 Short-term rental loophole & qualifying tests 00:17:33 Real-life client success example 00:20:11 Net worth assessment and investing strategies by stage 00:22:40 Live-in flip and tax-free gains strategy 00:25:03 Rules for converting primary to rental 00:26:24 Cash-out refi vs. selling appreciated properties 00:27:00 Seller financing explained with real examples 00:30:46 Income shifting and Roth IRA strategy for kids 00:32:20 Never hold rentals in a corporation 00:32:50 The "Catch Me If You Can" mentorship analogy 00:33:53 Closing remarks Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, I break down the differences between filing jointly and filing separately as a married couple. I go through real scenarios where filing separately can actually lead to better outcomes, especially when it comes to student loans, tax credits, and mortgage approvals. I explain how combining income can sometimes push you out of eligibility for certain benefits, and how separating returns might help reduce payments or qualify for better financing. I also touch on the trade-offs like higher tax brackets and added complexity that come with filing separately.Timestamps:00:00:00 Intro 00:00:39 When Filing Separately Saves More 00:01:26 Tax Credits and Deductions Overview 00:02:10 Real Example: Education Credit Eligibility 00:03:11 Using Software to Compare Filing Status 00:04:25 Student Loans and Income-Driven Repayment Plans 00:05:48 How Filing Separately Reduces Student Loan Payments 00:06:28 Mortgage Approval and Debt-to-Income Strategy 00:07:48 Real Estate and Loan Structuring Tips 00:09:00 Downsides of Filing Separately 00:10:00 Decision Framework for Filing Status 00:10:49 Real-World Case: Buying a Home with High Student Debt 00:11:25 Conclusion Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, I break down the differences between filing jointly and filing separately as a married couple. I go through real scenarios where filing separately can actually lead to better outcomes, especially when it comes to student loans, tax credits, and mortgage approvals. I explain how combining income can sometimes push you out of eligibility for certain benefits, and how separating returns might help reduce payments or qualify for better financing. I also touch on the trade-offs like higher tax brackets and added complexity that come with filing separately.Timestamps:00:00:00 Intro 00:00:39 When Filing Separately Saves More 00:01:26 Tax Credits and Deductions Overview 00:02:10 Real Example: Education Credit Eligibility 00:03:11 Using Software to Compare Filing Status 00:04:25 Student Loans and Income-Driven Repayment Plans 00:05:48 How Filing Separately Reduces Student Loan Payments 00:06:28 Mortgage Approval and Debt-to-Income Strategy 00:07:48 Real Estate and Loan Structuring Tips 00:09:00 Downsides of Filing Separately 00:10:00 Decision Framework for Filing Status 00:10:49 Real-World Case: Buying a Home with High Student Debt 00:11:25 Conclusion Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, I answer real estate and tax questions from members of my RE Tax Prep and Tax Strategy 365 communities. I talk through the differences between DSCR and second home loans, and how they impact your tax situation and future financing options. I also explain how land-to-structure ratios affect depreciation and why location matters for tax benefits. Finally, I go over common mistakes investors make with LLC structuring and why it's important to get it right from the start.Timestamps:00:00:00 Intro 00:00:40 First STR: DSCR vs. Second Home Loans 00:01:53 Understanding Tax Benefits Regardless of Loan Type 00:03:13 Thinking Two to Three Deals Ahead 00:05:11 Long-Term Strategy and Career Analogy 00:06:09 Why Net Worth Doesn't Guarantee Loan Approval 00:07:45 Evaluating Depreciation by State and County 00:09:51 Using Assessor Sites to Understand Land vs. Building Value 00:11:19 Tax Benefits of Condos, Townhomes, and Different Markets 00:12:35 Entity Structuring: Single vs. Multi-Member LLCs 00:13:58 Pitfalls of Aggressive Legal Structures 00:15:31 Closing Remarks Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIf a real estate contract doesn't have the right protections, you can end up overpaying, losing your deposit, or getting stuck with costly repairs. In this episode, I walk through the six key clauses I use in every deal to make sure I'm protected—no matter what market I'm in. I cover things like inspection contingencies, appraisal gaps, financing terms, permit and license transfers, and the “and/or assign” clause. I also share a few stories from my own deals where these clauses saved me thousands.Timestamps:00:00:00 Intro 00:00:27 Why contracts can make or break your deal 00:01:11 Understanding buyer vs. seller markets 00:02:13 How market conditions impact your negotiation leverage 00:03:14 Strategy if you're a buyer 00:04:13 Strategy if you're a seller 00:05:26 Inspection contingency explained 00:07:32 Real-world example: tree roots and sewer damage 00:08:01 Appraisal contingency breakdown 00:10:02 What is an appraisal gap and how to handle it 00:10:36 Financing contingency and rising interest rates 00:11:52 DSCR example and renegotiating purchase price 00:13:10 Why financing contingencies are critical 00:13:50 Permit and license transfer contingency 00:15:57 STR regulation example from Hot Springs, AR 00:16:19 Why this matters in regulated or urban markets 00:17:15 Assignment clause and “and/or assign” contracts 00:18:08 Contingency checklist for real estate deals Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠In this episode, I sit down with John Bianchi and Taylor Jones to explore strategies for maximizing tax savings in real estate, leveraging short-term rental loopholes, and optimizing return on equity. We discuss actionable insights into material participation requirements, identifying favorable investment markets, and practical examples of tax-efficient property upgrades. The episode also features expert advice on managing financial records and preparing for potential audits.Timestamps:00:00:00 - Intro00:02:15 - The benefits of short-term rental tax loopholes00:10:45 - Material participation: Meeting IRS requirements00:18:30 - Identifying markets for tax-efficient investments00:26:20 - Understanding the importance of cost segregation00:34:15 - How to conduct a return on equity audit00:42:50 - Balancing cash flow and tax savings for portfolio growth00:51:30 - Preparing for audits: Financial records and credibility01:00:10 - Q&A: Common challenges and strategiesInterested in working with me? Apply here:► https://taxstrategy365.com/apply?el=podcastLet's connect!► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠► Twitter: ⁠https://x.com/LearnLikeaCPA⁠► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, I walk you through the exact steps to correctly set up an LLC in any state—and avoid the critical mistakes that make over half of DIY LLCs essentially worthless. I cover the full 7-step process, the difference between proper and flimsy asset protection, and the most common compliance missteps investors make. Whether you're a new real estate investor or an experienced business owner looking to tighten up your asset protection strategy, this episode gives you everything you need to know to get your LLC done right the first time.Timestamps:00:00:00 – Intro: The difference between real asset protection and useless paperwork00:01:22 – Why LLCs offer protection, tax flexibility, and professionalism00:02:17 – Step 1: Name availability and selecting a registered agent00:02:57 – Step 2: Filing articles of organization and creating an operating agreement00:04:39 – Why poorly written operating agreements can cause major legal issues00:05:10 – Step 3: Getting an EIN and common filing mistakes to avoid00:05:47 – Step 4: Opening a business bank account00:06:41 – Step 5: State-specific requirements, annual filings, and fees00:07:39 – High-cost vs. low-cost LLC states: what to expect00:08:08 – Step 6: Common maintenance mistakes that lead to LLC “piercing”00:08:39 – The importance of proper documentation across multiple LLCs00:09:33 – Step 7: Updating records after life or business changes00:10:32 – When to hire a professional vs. DIY00:11:18 – Why professionals like doctors and CPAs often need PLLCs instead00:12:30 – Final thoughts: When to DIY and when to seek expert guidanceWant me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, Ryan Bakke breaks down the key differences between LLCs and S Corporations—and why putting your rental real estate in an S Corp could cost you thousands in taxes. While S Corps are great for service-based businesses, Ryan walks through three major tax traps for real estate investors who use them. He also shares his recommended entity structure for those running both passive rental portfolios and active real estate businesses. If you're a real estate investor or advisor trying to optimize your tax strategy, this episode is essential listening.Timestamps:00:00:00 – Intro: When an LLC beats an S Corp for real estate00:00:37 – Key differences: Tax treatment, liability, and ownership flexibility00:01:44 – Why S Corps are popular for service businesses (and when they work)00:02:29 – How an S Corp can save $9,000/year in self-employment tax00:03:43 – Why those savings don't translate to real estate investing00:04:12 – S Corp disaster #1: Losing depreciation deductions00:05:40 – S Corp disaster #2: Refinance triggers a taxable event00:07:28 – What happens when you move property from an S Corp to personal name00:08:25 – S Corp disaster #3: Paying self-employment tax on passive income00:09:26 – When S Corps do make sense (flipping, development, active real estate)00:10:08 – Ryan's recommended entity structure: Active vs. Passive buckets00:10:29 – Benefits of using LLCs for rentals: Depreciation, 1031s, flexibility00:11:11 – Recap: Avoiding tax nightmares with the right structureWant me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, I break down one of the most powerful tax strategies available to real estate investors: the short-term rental (STR) tax loophole. I explain how investors who don't qualify as real estate professionals can still use rental losses to offset W-2 and active business income—if they meet specific IRS requirements. I outline the two major tests you must pass (average stay and material participation), how to document them properly, and the massive tax savings this can unlock. If you want to pay less tax, accelerate your real estate goals, and avoid costly mistakes, this episode is your blueprint.Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, I talk with Chelsea Cutrer—former tech executive turned short-term rental queen—about her incredible journey from W2 to full-time real estate entrepreneur. Chelsea shares how she leveraged her design eye, sales background, and business instincts to build a growing STR portfolio in the competitive 30A market. We dive into the systems she uses to manage her own properties and her 20+ management clients, her take on revenue strategy, and how she's already changing her family tree.Timestamps:00:00:00 – Intro and Transitioning from W2 tech job to full-time STR investor00:01:08 – Education, career at Dell, and early interest in real estate00:04:14 – How Chelsea's mom inspired her real estate journey00:05:38 – Buying the first STR during COVID and the tax motivation behind it00:08:40 – What makes her listings outperform in 30A00:10:10 – The power of private beach access and listing clarity00:14:45 – What her current STR portfolio looks like00:16:26 – Markets she's exploring next (like Cape San Blas)00:19:04 – From co-hosting to full management and revenue strategy00:20:21 – The biggest mistakes property managers make00:22:36 – How she prices for the off-season and fills gaps00:24:40 – Teaching her kids real estate and building generational wealth00:26:40 – Growth plans, S Corp planning, and how she found Ryan00:28:54 – Her top advice for anyone thinking about leaving their W2Want me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this Client Success Spotlight episode, I sit down with Tanya and Arjun Bhasin to talk about how they built a top-performing short-term rental business while still working demanding tech jobs. From closing over $100k in bookings in their first month to building standout properties in competitive markets like Hot Springs, Arkansas and Newry, Maine — they share the systems, hospitality strategies, and risk-taking mindset that helped them scale fast. You'll hear how they split responsibilities, fund their deals, and plan to keep building unique stays that land in the top 1%.Timestamps:00:00:00 – Intro + early investing background00:01:54 – Why they shifted from stocks to real estate00:04:09 – Tanya and Arjun's complementary roles in their STR business00:05:38 – How they built a standout property in Hot Springs, AR00:07:27 – $100k in bookings in their first month live00:08:03 – Why hospitality and thoughtful touches drive repeat business00:09:28 – The mindset shift from tech careers to real estate freedom00:11:06 – Buying their first condo and discovering long-term wealth00:13:25 – Comparing Hot Springs and Newry, Maine markets00:14:33 – How they plan and build for top 1% performance00:15:46 – Markets they're watching and planning to invest in next00:17:43 – How they financed their deals using second home loans00:20:45 – Why real estate gives you more control than stocks00:21:01 – Do they believe they're changing their family tree?00:23:37 – Future plansWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠In this episode, I explore the best strategies to save for your kids' college education, breaking down the pros and cons of 529 plans, Roth IRAs, and taxable brokerage accounts. From understanding state-specific tax advantages to leveraging the flexibility of brokerage accounts, I explain how to balance tax benefits, investment control, and flexibility. Whether you're planning for scholarships, trade school, or a traditional college education, this episode provides actionable insights to build a smart, tax-efficient plan for your child's future.Timestamps:00:00:00 Intro: Why saving for kids' education is critical00:01:07 529 plans: State-specific options, pros, and cons00:03:49 Limitations of 529 plans and how to roll over unused funds to a Roth IRA00:06:41 Roth IRA for kids: Flexibility, benefits, and income requirements00:09:24 Why Roth IRAs are a powerful wealth-building tool for education and beyond00:10:19 Taxable brokerage accounts: The overlooked education savings option00:12:31 How gifting stocks to kids in low tax brackets can eliminate taxes00:13:25 Combining strategies: Creating a comprehensive savings plan00:14:05 Key factors: Tax benefits, flexibility, and control over investments00:15:00 Closing thoughts: How to align education savings with your financial goalsInterested in working with me? Apply here:► https://taxstrategy365.com/apply?el=podcastLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠In this Client Success Spotlight episode, I talk with Carole Anderson—a former corporate accountant turned real estate investor—about how she built a thriving short-term rental portfolio after the sudden loss of her husband. Carole shares how she went from managing one Airbnb in her basement to running nine STRs, including owned properties, arbitrage units, and co-hosting arrangements. We also discuss the importance of clean books, building great systems, and how she's turning her cost centers into profit centers by launching complementary businesses like cleaning and bookkeeping services. This is an inspiring story of resilience, resourcefulness, and long-term vision.Timestamps:00:00:00 – Carole's first impression of Ryan's boot camp00:00:44 – Carole's education and accounting background00:01:54 – Leaving corporate America to pursue real estate full-time00:02:35 – How accounting skills helped her succeed in STRs00:04:50 – The story behind her very first Airbnb00:06:14 – Why her target guest isn't who you'd expect00:08:28 – Carole's current portfolio: 9 properties with diverse strategies00:09:34 – Funding her first STRs with life insurance after a family tragedy00:11:36 – How she scaled through smart investing and timing00:13:31 – Selling a non-compliant STR and reinvesting profits00:15:10 – Why she loves arbitrage (and how she pitches landlords)00:16:56 – Why she's focused on her local Utah market00:18:38 – Turning her cleaning costs into a scalable business opportunity00:20:31 – How she found Ryan through YouTube and joined the boot camp00:23:39 – Why she's switching from her local CPA to Ryan's team00:26:18 – “Are you the one changing your family tree?” Carole's powerful answer00:28:27 – Launching her direct booking site and plans to scale even furtherInterested in working with me? Apply here:► https://taxstrategy365.com/apply?el=podcastLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠In this episode, I sit down with Kenny Bedwell from STR Insights to discuss actionable strategies for evaluating and acquiring profitable short-term rental properties. We dive deep into the importance of understanding market trends, creating a buy box for investments, and balancing risk with reward. From analyzing net income to navigating legislation risks and diversifying your portfolio, this conversation is packed with insights to help you grow your real estate investments. Whether you're new to short-term rentals or looking to refine your strategy, this episode has valuable takeaways for everyone.Timestamps:00:00:00 Intro00:01:00 Kenny's Background and Journey from W2 to Real Estate00:06:00 The Importance of Creating a Buy Box for Investments00:12:30 Breaking Down Risk: How Much Net Worth to Invest00:20:00 Diversification Strategies for Short-Term Rentals00:28:00 Avoiding Common Mistakes: Knowing What You Don't Know00:36:00 Legislation Risks and How to Protect Your Portfolio00:44:00 Less Is More: Scaling with Quality Over Quantity00:52:00 Closing ThoughtsInterested in working with me? Apply here:► https://taxstrategy365.com/apply?el=podcastLet's connect!► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠► Twitter: ⁠https://x.com/LearnLikeaCPA⁠► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sat down with Harrison Goldblatt, a real estate investor who has scaled to 60 units in just a few years. Harrison shares his journey from house-hacking his first property in Los Angeles to building a cash-flowing portfolio in Cleveland, Ohio. Along the way, he dives deep into the BRRRR method, leveraging value-add opportunities, and overcoming challenges in property management. Whether you're just starting out or looking to scale your portfolio, this conversation is packed with actionable strategies and valuable insights. Timestamps: 00:00:00 – Intro 00:01:00 – How Harrison Started in Real Estate: House Hacking in California 00:05:47 – First Property Numbers and Lessons Learned 00:09:09 – Scaling to 60 Units: Transitioning to Out-of-State Investing 00:14:03 – Using the BRRRR Method to Lower Investment Barriers 00:17:31 – Challenges with Refinancing and Avoiding Common Mistakes 00:20:22 – Lessons Learned from a Bad Deal in Detroit 00:24:13 – Importance of Mentors and Learning from Experienced Investors 00:29:27 – Tax Strategies: Cash-Out Refinancing and Depreciation 00:34:31 – Challenges of 1031 Exchanges and Managing Equity 00:39:04 – Beginner's Luck and the Risks of Overconfidence in Investing 00:42:20 – Property Management Pitfalls and Avoiding Scams 00:44:45 – Building a Community for Real Estate Investors Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: https://www.instagram.com/ryanbakkecpa/ ► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/ ► Twitter: https://x.com/RyanBakkeCPA ► Facebook: https://www.facebook.com/ryanbakkecpa ► TikTok: https://www.tiktok.com/@ryanbakkecpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors►Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠In this episode, I sit down with Matt Stillman, a seasoned real estate investor and entrepreneur, to discuss his journey from financial struggle to building a thriving real estate portfolio. Matt shares how he went from earning $38K per year to making six figures in just six months, only to lose his job and use that setback as fuel to become a self-made real estate investor. We dive deep into mindset shifts, portfolio optimization, and the tough lessons he learned along the way. If you're looking to break free from financial limitations and scale your investments, this episode is packed with actionable insights.Timestamps:00:00:00 – Intro00:01:19 – Matt's journey from struggle to success00:04:06 – How a mentor changed Matt's financial mindset00:05:38 – Scaling from 1 to 51 properties00:09:13 – Getting fired & the wake-up call to entrepreneurship00:12:47 – The power shift: Making $50K on your own vs. $250K as a W200:17:00 – How Matt optimizes his portfolio for maximum returns00:21:59 – When to sell vs. hold real estate investments00:28:26 – The cost of bad investments & lessons learned00:35:30 – Why mindset is the key to scaling your business00:42:56 – Breaking free from financial programmingInterested in working with me? Apply here:► https://taxstrategy365.com/apply?el=podcastLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors► Join here:⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠In this episode, I sit down with Shannon Weinstein, a CPA and fractional CFO, to break down what it takes to build a seven-figure accounting firm with fewer than 12 clients. We dive into why relationship-driven service models outperform traditional high-volume firms, how to position yourself as an expert, and why branding is the key to building trust and attracting premium clients. Shannon also shares the mistakes most accountants make in marketing and pricing—and how to avoid them. If you're looking to scale your firm while keeping a lifestyle-first approach, this episode is a must-listen.Timestamps:00:00:00 - Intro: Selling the plan out of hell00:02:39 - Shannon's CPA journey and early career00:06:32 - Why Shannon left EY and went solo00:10:55 - The key sales lesson: Selling benefits, not features00:15:10 - How frequency builds trust in branding00:20:38 - Shannon's transition from 120 clients to just 1200:26:53 - How to attract and retain premium clients00:31:12 - The power of strong positioning in pricing strategy00:36:42 - Debunking the "cheaper is better" myth in accountingInterested in working with me? Apply here:► https://taxstrategy365.com/apply?el=podcastLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Jeff Hampton from STR Law Guys to uncover essential asset protection strategies for short-term rental investors. Jeff shares his insights as both an attorney and a real estate investor, highlighting the importance of LLC structures, commercial insurance, and upcoming changes like the Corporate Transparency Act. From avoiding common legal pitfalls to optimizing your asset protection plan, this conversation is packed with actionable advice to safeguard your investments and future-proof your portfolio. Timestamps: 00:00:00 Intro: Meet Jeff Hampton and STR Law Guys 00:01:03 Jeff's journey: From suing STR owners to protecting them 00:03:12 Common misconceptions about LLCs and asset protection 00:08:14 Why commercial insurance is non-negotiable for STR owners 00:13:17 Corporate Transparency Act: What investors need to know 00:21:22 New federal regulations for residential loans and LLCs 00:24:31 The risks of being underinsured and how to fix it 00:25:48 Where to find Jeff for asset protection resources Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: https://www.instagram.com/ryanbakkecpa/ ► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/ ► Twitter: https://x.com/RyanBakkeCPA ► Facebook: https://www.facebook.com/ryanbakkecpa ► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Arda Bircan to discuss his approach to short-term rental investing and maximizing cash flow. Arda shares his strategies for identifying profitable markets, avoiding common mistakes, and leveraging the short-term rental loophole to save on taxes. We also dive into the importance of due diligence, understanding market seasonality, and how to scale a portfolio while maintaining consistent cash flow. If you're a high-income earner or looking to optimize your short-term rental investments, this episode is packed with actionable insights. Timestamps: 00:00:00 Intro: Meet Arda Bircan and his journey into short-term rentals 00:02:15 Why cash flow matters more than tax benefits 00:05:30 Key metrics and tools for evaluating short-term rental markets 00:10:45 The importance of location, amenities, and differentiation 00:16:00 Navigating short-term rental regulations and avoiding costly mistakes 00:21:20 Strategies for managing seasonality and maximizing revenue 00:26:45 Case studies: Success stories and common pitfalls in short-term rentals 00:32:50 Working with high-income earners to build wealth through real estate 00:38:15 Closing thoughts: Building a sustainable short-term rental portfolio Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: https://www.instagram.com/ryanbakkecpa/ ► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/ ► Twitter: https://x.com/RyanBakkeCPA ► Facebook: https://www.facebook.com/ryanbakkecpa ► TikTok: https://www.tiktok.com/@ryanbakkecpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I outline my 7 steps to financial freedom, breaking down practical, actionable strategies to build and protect your wealth. From establishing an emergency fund to maximizing retirement contributions, I cover how to pay off high-interest debt, invest wisely, and reach your financial independence number. Whether you're just starting your financial journey or looking to refine your wealth-building strategies, this episode offers a clear roadmap to achieving financial security. Timestamps: 00:00:00 Intro: The dangers of rushing into year-end investments 00:00:40 Step 1: Building a 6–9 month emergency fund 00:03:42 Step 2: Maximizing your employer's 401(k) match 00:06:52 Step 3: Paying off high-interest, non-income-producing debt (>7%) 00:08:46 Step 4: Maxing out your Roth IRA and HSA for tax-free growth 00:10:20 Step 5: Hitting your financial independence number using taxable brokerage accounts 00:13:06 Step 6: Investing in cash-flowing assets to accelerate financial freedom 00:14:50 Step 7: Avoiding poor year-end investment decisions to save taxes 00:16:38 Closing Thoughts: Combating taxes and inflation with smart investments Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: https://www.instagram.com/ryanbakkecpa/ ► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/ ► Twitter: https://x.com/RyanBakkeCPA ► Facebook: https://www.facebook.com/ryanbakkecpa ► TikTok: https://www.tiktok.com/@ryanbakkecpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Eddie Antuna to explore his journey from his family's financial struggles to building a diverse real estate portfolio and uncovering smarter tax strategies. Eddie shares how he transitioned from long-term rentals to short-term rentals, his experience with building homes from the ground up, and how tax planning unlocked new opportunities for his investments. We also dive into key lessons about scaling a real estate portfolio and maintaining financial resilience. Timestamps: 00:00:00 Intro 00:01:14 Eddie's background and early influences in real estate 00:07:00 House hacking and transitioning to long-term rentals 00:10:15 Expanding into short-term rentals and ground-up construction 00:15:20 How tax planning changed Eddie's strategy 00:20:22 Lessons learned from selling and reinvesting property equity 00:25:00 Balancing risk and reward in real estate investing 00:30:55 Eddie's future goals and advice for aspiring investors Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I break down everything you need to know about renting out your primary residence. From tax implications and the capital gains exclusion to insurance adjustments and cash-on-equity analyses, I cover the essential steps to make informed decisions. Whether you're considering converting your home into a rental or selling it for a tax-free profit, this episode is packed with actionable advice to maximize your wealth-building potential. Timestamps: 00:00:00 Intro: Renting out your primary residence 00:01:07 The 2-out-of-5-year rule for capital gains exclusion 00:02:48 Why selling for tax-free cash may be better than renting 00:03:30 Adjusting your insurance before renting out your home 00:04:19 Financing considerations before converting to a rental 00:05:22 Cash-on-equity analysis: Is renting worth it? 00:06:05 Depreciation recapture and cost basis considerations 00:07:03 Converting a rental into a primary residence: Tax strategies 00:08:48 Why tax-free is better than tax-deferred gains 00:09:32 Emotional attachment vs. investment perspective Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Brenna Carles from The Mortgage Shop to break down the biggest mistakes real estate investors make when filing taxes and applying for loans. We dive into the differences between Schedule C vs. Schedule E, how to avoid overpaying in taxes, and how to qualify for more loans to expand your property portfolio. Brenna shares practical advice on loan strategies, partnerships, and even how to shift debt to maximize your borrowing power. If you're looking to optimize your financing, this episode is packed with insights you can't afford to miss. Timestamps: 00:00:00 — Intro 00:00:37 — The importance of Schedule E vs. Schedule C for real estate investors 00:03:36 — Why Schedule C can block you from qualifying for loans 00:04:17 — How Schedule E can increase borrowing capacity for investors 00:07:15 — Key deductions for Schedule E filers (T.I.M.D. method explained) 00:09:40 — Real case study: How one mistake cost a client $18,000 in extra taxes 00:11:31 — How Brenna manually verifies loan eligibility to avoid last-minute surprises 00:14:49 — The myth of "just trust your accountant" — Why you need to check their work 00:16:04 — Using Form 8825 for partnerships and how it works like Schedule E 00:19:47 — Strategy alert: Why you should shift bad debt into your spouse's name 00:22:27 — How to shift loans from your personal name to an LLC using DSCR loans 00:25:31 — Avoid analysis paralysis — How to take action without overthinking 00:27:28 — Why making calculated risks can lead to life-changing wealth decisions Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I dive into the various strategies for using retirement account funds to invest in real estate. From 401(k) loans to self-directed IRAs and even the little-known 60-day rollover rule, I break down the pros, cons, and tax implications of each approach. Whether you're exploring ways to grow your real estate portfolio or considering tapping into retirement funds, this episode is packed with actionable advice to help you make the right decisions based on your financial goals. Timestamps: 00:00:00 Intro 00:01:07 Should you tap into retirement accounts for real estate? 00:02:25 Strategy 1: Withdrawing funds (and why it's risky) 00:05:34 Tax strategies to offset penalties for 401(k) withdrawals 00:07:22 Strategy 2: Taking a 401(k) loan (and why it's often better than withdrawal) 00:10:11 Potential risks of 401(k) loans during job transitions 00:10:59 Strategy 3: Self-directing your IRA or 401(k) for real estate investments 00:12:51 Limitations and risks of self-directed retirement accounts 00:14:16 Strategy 4: The 60-day rollover rule — a hidden gem for short-term access to funds 00:16:14 Advanced tip: Using the 60-day rollover strategy for married couples 00:17:31 Key takeaways: Matching the right strategy to your financial situation Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Megan Sawamura from Neo Home Loans to talk about using homeownership as a powerful wealth-building strategy. Megan shares her journey from buying her first property with just $20,000 to building a million-dollar portfolio. We discuss house hacking, leveraging VA and FHA loans, and how to avoid costly mistakes when refinancing or turning your primary residence into a rental. If you're looking to grow your real estate portfolio while minimizing taxes, this episode is packed with essential insights. Timestamps: 00:00:00 Intro 00:01:29 Why a 30-year fixed mortgage is a hidden wealth pillar 00:02:26 Why you should buy a primary home before an investment property 00:05:07 Cash-out refinance: How it works and potential tax implications 00:07:46 The "return on hassle" approach to investment decisions 00:10:10 The Section 121 Home Sale Exclusion and how to use it 00:12:33 Should you sell your primary home or convert it into a rental? 00:14:15 How the government uses tax policy to influence real estate investing 00:16:39 Inflation-induced debt destruction: How 30-year fixed loans help you win 00:19:00 How to leverage VA loans to buy multi-unit properties with 0% down 00:22:36 Megan's personal journey: Turning $20K into a million-dollar portfolio 00:27:37 House hacking: Renting bedrooms and living below your means to build wealth Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Oscar Setiawan to discuss his journey from corporate tech to restaurant owner to real estate investor. Oscar shares his unique approach to money management and project management in real estate, offering invaluable insights for investors at every stage. We also explore how he scaled a 25+ property portfolio, the financial systems he put in place, and how he's teaching his children to think like investors. This episode is packed with wisdom on risk management, financing strategies, and the power of financial clarity. Timestamps: 00:00:00 Intro 00:01:29 Oscar's journey: From tech to restaurant owner to investor 00:03:45 How to transition from a W2 job to entrepreneurship 00:06:28 The conversation that sparked Oscar's real estate journey 00:09:15 Why money management is more important than property management 00:11:57 Lessons from refinancing challenges and market shifts 00:16:00 The impact of interest rates and market downturns on real estate portfolios 00:20:15 How Oscar scaled to a 25+ property portfolio with a mix of LTRs, STRs, and MTRs 00:24:45 The mindset shift required to manage multiple properties 00:27:30 How Oscar is building generational wealth and teaching his kids about real estate 00:32:10 Identifying and cutting "bad pumpkins" from your portfolio Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Bill Faeth to tackle year-end tax strategies every real estate investor needs to know. We explore the importance of proper bookkeeping, navigating material participation rules, and the pros and cons of cost segregation studies. Bill and I also discuss why tax planning is about long-term strategy, not just short-term savings, and share actionable tips to optimize your tax position before the year ends. Timestamps: 00:00:00 Intro 00:01:29 Why tax planning requires a long-term mindset 00:03:35 The three checks for proper bookkeeping 00:06:29 Prepaying taxes and IRS interest rate changes 00:09:15 The pros and cons of cost segregation studies 00:11:57 Tax-smart strategies for vehicle purchases 00:14:00 Prepaying expenses to maximize year-end deductions 00:16:34 How to pay your kids and fund their Roth IRAs 00:19:31 Material participation requirements for STR tax benefits 00:24:56 Building a strong audit defense with documentation Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Henry Huie to explore the entrepreneurial journey of breaking away from a traditional accounting career to building a thriving firm. We dive into overcoming analysis paralysis, the importance of surrounding yourself with optimistic mentors, and finding the courage to bet on yourself. Whether you're stuck in a corporate role or looking to scale your own practice, this episode is packed with actionable advice and inspiring stories about taking calculated risks, valuing time over money, and unlocking your highest-income skills. Timestamps: 00:00:00 Intro 00:02:15 Overcoming analysis paralysis 00:06:30 Making bold decisions00:10:45 Valuing time over money 00:15:20 The highest-income skills in the world 00:20:35 Content marketing & finding your niche 00:27:10 Shifting from technician to business owner 00:35:00 Why accountants should focus on sales 00:45:25 The future of consulting and scaling accounting firms Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with co-hosting expert Austin Palacios to discuss how to build a scalable, profitable co-hosting business in the short-term rental space. Austin shares actionable strategies for transitioning properties from large property management companies to boutique co-hosting services, as well as tips for setting up systems that simplify your operations. Find Austin online: ► Instagram: https://www.instagram.com/austin__palacios/ Timestamps: 00:00:00 Intro 00:01:29 Identifying Opportunities in the Co-Hosting Market 00:03:45 Targeting Properties Managed by Large Companies 00:05:52 Onboarding New Clients Quickly and Efficiently 00:07:56 Focusing on High-Revenue Properties 00:10:27 Using CRM Tools to Build and Track Leads 00:12:15 Managing Seasonality and Market Diversification 00:15:09 Simplifying Processes to Scale Your Business Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode of the LearnLikeaCPA show, I dive into the essential playbook for setting up LLCs as a real estate investor. I break down the pros and cons, common mistakes, and the key steps to structuring LLCs for asset protection and tax efficiency. You'll learn when you actually need an LLC, how to avoid creating unnecessary tax returns, and my guidelines for determining the right amount of equity per property before setting up a separate LLC. Timestamps: 00:00:00 Intro 00:00:58 Why LLCs Don't Save You Money on Taxes 00:01:43 Guidelines for Determining When to Set Up an LLC 00:02:28 Pros of Setting Up an LLC for Asset Protection 00:03:14 Common Mistakes with Multi-Member LLCs 00:04:53 Avoiding Unnecessary Tax Returns 00:05:43 Back-of-the-Napkin Math for Equity in LLCs 00:08:08 Steps to Setting Up an LLC Properly 00:09:33 Registering LLCs in Out-of-State Investments 00:10:33 Outro and Call to Share the Podcast Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I discuss the five critical things to watch out for when switching jobs, whether transitioning between employers or moving from W2 to 1099 status. We explore essential considerations including COBRA insurance coverage, managing your 401(k) rollover options, and strategic tax planning opportunities during employment transitions. I also share valuable insights about Roth conversion opportunities during income changes and the important differences between W2 and 1099 employment benefits. Timestamps: 00:00:00 Intro 00:01:07 COBRA Insurance and Health Benefits During Job Transitions 00:01:55 Managing 401(k) Rollovers and Investment Options 00:06:02 Strategic Timing for Roth Conversions 00:07:17 Year-End Tax Projections and Social Security Considerations 00:09:34 W2 vs 1099: Benefits Analysis and Lending Implications Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I join my friend Avery Carl on The Short Term Show to discuss what it takes to successfully defend an audit on the short-term rental tax loophole. We dive deep into the importance of proper documentation, setting up material participation logs, and understanding how to track and defend expenses. I also share my personal experience of winning an IRS audit with zero changes. Timestamps: 00:00:00 Intro 00:01:02 What Triggers Audits for Short-Term Rental Investors 00:03:45 Setting Up and Maintaining Material Participation Logs 00:06:20 Tracking Expenses and Financial Statements 00:08:54 Winning an IRS Audit with Zero Changes 00:11:32 Navigating the Audit Process 00:14:05 The Role of CPAs Who Understand Real Estate 00:16:40 Strategies to Minimize Audit Risk 00:18:50 Leveraging the Short-Term Rental Loophole Effectively Interested in working with me? Apply here: ► ⁠https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, we're walking through essential state-level tax planning strategies for real estate investors. We cover everything from property tax reassessments to navigating multi-state income tax issues and understanding occupancy taxes. I also break down the right way to structure LLCs when investing across multiple states to ensure legal and tax compliance. Timestamps: 00:00:00 Intro 00:00:42 Property Tax Reassessments 00:03:15 Multi-State Income Tax Rules 00:05:48 Managing Occupancy Taxes for Short-Term Rentals 00:08:22 Structuring LLCs for Out-of-State Properties 00:10:56 Depreciation Strategies to Maximize Tax Benefits 00:13:30 Avoiding Common State Tax Pitfalls 00:15:45 Staying Updated on State Tax Changes Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/work-with-us⁠ Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, we're diving into Roth conversion planning and talking about essential strategies to help you maximize your tax savings. We'll break down when and why to consider a Roth conversion, how to take advantage of market dips, and the importance of understanding tax brackets when converting traditional retirement accounts to Roth. I'll also cover key tactics like chunking conversions and why it's crucial to avoid withholding taxes during the conversion process. Timestamps: 00:00:00 Intro 00:01:12 When to Consider a Roth Conversion 00:03:45 Tax Brackets and Roth Conversions 00:05:28 The Importance of Not Withholding Taxes 00:07:10 Chunking Conversions for Maximum Efficiency 00:08:55 Using Market Dips to Your Advantage 00:10:33 Long-Term Benefits of Tax-Free Growth 00:12:05 Common Mistakes in Roth Conversions 00:13:40 Strategizing for Future Tax Changes 00:15:22 Roth Conversion and Estate Planning Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/apply Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I dive into the crucial topic of asset protection and LLC structures for real estate investors. I break down when and why you need an LLC, how to properly set it up, and the importance of keeping your properties organized to protect your investments. We'll also discuss advanced strategies like using a revocable living trust and a Wyoming holding company to streamline your real estate portfolio. Timestamps: 00:00:00 Intro 00:00:45 Setting Up an LLC for Real Estate Investments 00:02:30 When You Need an LLC 00:04:12 Using a Revocable Living Trust 00:06:05 Wyoming Holding Company Strategy 00:07:48 Navigating the Do-On-Sale Clause 00:09:15 Understanding Transfer Taxes 00:10:37 Structuring for Tax Efficiency 00:12:20 Common Mistakes in Asset Protection Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/apply Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/ ⁠► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/ ⁠► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, we're diving into the ins and outs of seller financing, a powerful tool for real estate investors. I break down how seller financing can benefit both buyers and sellers, covering everything from tax advantages to navigating inflation. We'll explore key strategies for structuring deals, overcoming financing challenges, and making seller financing work in today's high-interest rate environment. Timestamps: 00:00:00 Intro 00:04:18 Tax Advantages for Sellers 00:02:42 Seller Financing from the Buyer's Perspective 00:08:13 How to Structure a Seller-Financed Deal 00:09:26 Negotiating Terms and Interest Rates 00:06:21 Common Scenarios Where Seller Financing Works Best 00:07:10 Seller Financing as a Retirement Strategy 00:14:45 Dealing with Defaults and Contingencies 00:05:20 The Role of Inflation in Seller Financing Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/work-with-us⁠ Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I'm sharing some of the best tax strategies for short-term rental (STR) investors. I dive into the powerful short-term rental loophole that allows you to use rental losses to offset your W-2 and business income without needing to qualify as a real estate professional. I'll also walk you through the key requirements for material participation, the most common deductions investors miss, and best practices for structuring your STR investments. Timestamps: 00:00:00 Intro 00:01:49 Real Estate Professional Status vs. STR Loophole 00:02:41 Material Participation Requirements 00:04:20 Common Deductions for STR Investors 00:05:21 Maximizing Tax Benefits with STR Investments 00:06:31 Choosing the Right Property for Tax Purposes 00:08:42 Accelerating Tax Deductions 00:11:06 Cost Segregation Studies 00:16:03 Impact of Recent and Proposed Tax Law Changes 00:17:54 Q&A on Specific Tax Scenarios Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/work-with-us⁠ Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode of the LearnLikeaCPA show, we dive into why Congress writes the tax code the way it does and how real estate investors can benefit from it. I'm breaking down the foundational principles behind the tax incentives for business owners, investors, and real estate professionals. I also share an update on proposed tax law changes that could impact your investment strategy. Timestamps: 00:00:00 Intro 00:00:30 The Purpose of the Tax Code 00:01:19 Incentives for Business Owners 00:02:30 Incentives for Investors 00:03:05 Incentives for Real Estate Investors 00:05:29 Current Tax Law Proposals 00:06:44 The Importance of Timing in Tax Planning 00:09:21 Understanding and Preparing for Changes to the 1031 Exchange 00:11:08 Q&A on Specific Tax Situations Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/work-with-us⁠ Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode of the LearnLikeaCPA show, we're diving deep into long-term rental strategies that real estate investors can use to save money on taxes. I'm sharing insights from my recent tax strategy bootcamp, breaking down how to maximize tax benefits and minimize liabilities through strategic real estate investments. Timestamps: 00:00:00 Intro 00:00:50 Earned vs. Passive Income 00:02:38 Avoiding FICA Taxes with Real Estate 00:04:39 Depreciation and Cost Segregation 00:05:55 Missed Deductions 00:07:29 After-Tax Cost of Investments 00:08:51 Maximizing Tax Savings with Strategic Spending 00:10:07 Using Passive Losses to Offset Other Income 00:14:25 Lazy 1031 Exchange Strategy 00:16:34 Real Estate Professional Status Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/work-with-us⁠ Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa ⁠► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode of the LearnLikeaCPA show, we're diving into what we call the "Financial Freedom and Money Flow Roadmap." We break down a strategic approach to achieving financial independence by leveraging earned income, passive income, and smart investing. You'll learn how to funnel your earnings from a W-2 job or business into real estate, use tax strategies to minimize your burden, and optimize your investment portfolio for long-term gains. We're covering things like: Understanding the "Money Flow Roadmap" and its four buckets of income Transitioning from earned income to passive and portfolio income Utilizing taxable brokerage accounts to get better returns Strategies for minimizing taxes on rental income and capital gains The importance of Roth vs. traditional retirement accounts in your financial plan Timestamps: 00:00:00 Intro 00:03:15 Earned Income and Its Limitations 00:05:21 Transitioning to Passive Income 00:09:00 Using Taxable Brokerage Accounts 00:10:00 Portfolio Income and Tax Strategies 00:13:04 Roth vs. Traditional Retirement Accounts 00:24:12 Leveraging Real Estate Losses to Offset Gains Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/work-with-us⁠ Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, we're diving into tax strategies specific to midterm rental (MTR) properties. We explore a unique loophole that allows MTR investors to offset their active income without needing to qualify as a real estate professional. We discuss the importance of understanding the nuances between short-term, midterm, and long-term rentals, particularly when it comes to tax benefits. We also provide practical advice on how to structure leases, provide personal services, and maximize the tax efficiency of MTR investments. We're covering: Differences between short-term, midterm, and long-term rentals for tax purposes Strategies for providing personal services to qualify for tax benefits Practical tips for managing and structuring midterm rental properties How to maximize cash flow and tax savings with midterm rentals Timestamps: 00:00:00 Intro 00:01:32 Qualifying for the MTR Loophole 00:03:20 Providing Personal Services 00:06:45 Structuring Leases for MTR Properties 00:10:04 Tax Implications and Strategies 00:12:20 Balancing Furnishing and Tax Benefits 00:15:07 Tools and Resources for MTR Investors Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/work-with-us⁠ Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors In this episode, I share my three-step framework for changing belief patterns and crushing your goals. I dive into strategies for real estate investors to pay minimal taxes and highlight the importance of having mentors or guides. Plus, I explain how simplifying your approach can lead to greater success. Key topics include: Three-step framework to change belief patterns Tax strategies for real estate investors Importance of having mentors or guides Simplifying your approach for better results Timestamps: 00:00:00 Intro 00:03:19 My 3-step investing framework 00:06:03 Tax strategies for investors 00:13:31 Getting a great mentor 00:29:00 Simplifying your approach 00:33:30 Investors who are crushing it today 00:37:14 One last secret Interested in working with me? Apply here: ► http://taxstrategy365.com/work-with-us Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa/ ► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/ ► Twitter: https://x.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

In this episode of the Learn Like a CPA show, Ryan Bakke delves into the critical concept of the debt-to-income ratio (DTI) and its impact on real estate investors' ability to scale their portfolios and achieve financial goals. Ryan offers practical advice on how to calculate and manage DTI, the importance of lender relationships, and strategies for maintaining borrowing power. Key topics covered include: Calculating your debt-to-income ratio Importance of maintaining a relationship with your lender Differences between short-term and long-term rental income Strategies for depreciation vs. repair expenses Importance of liquidity in your investment portfolio Timestamps: 00:00:00 Intro 00:00:47 What is Debt-to-Income Ratio (DTI) 00:04:37 Short-Term vs. Long-Term Rental Income 00:08:12 Depreciation vs. Repair Expenses 00:11:55 Liquidity and Access to Capital Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application,Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

In this episode, we're going over the five biggest lessons I learned from conducting 20 coaching calls in a single day. From conducting cash on equity audits to the importance of liquidity, I'm revealing key strategies and common pitfalls that real estate investors should be aware of. We talked about: Conducting a cash on equity audit Importance of liquidity in investments Finding a specialized CPA for real estate Proper asset protection strategies Identifying and solving interconnected financial issues Timestamps: 00:00:00 Intro 00:01:00 Why I did 20 calls in one day 00:01:42 Lesson 1 00:04:19 Lesson 2 00:05:57 Lesson 3 00:07:26 Lesson 4 00:09:22 Lesson 5 Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Rich Somers is a boutique hotel investor, real estate educator, and one of the best-dressed guys I've ever met. He was one of the first STR investors I saw move from AirBnB to boutique hotels and he's got some really interesting takes on where the market is moving in 2024 and beyond. We talked about: - The difference between AirBnBs and boutique hotels as an investor - Finding your first boutique hotel deal - Reinventing yourself in your 30s Follow Rich online: https://www.instagram.com/rich_somers/ Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Dive into real estate investment techniques with Ryan and Jon in our latest podcast episode. We'll break down: - Why understanding and running a pro forma is essential for every real estate deal - Key indicators to know your market and assess its conditions - Three critical tests to ensure a profitable investment and avoid losses - Importance of incorporating all expenses, including management fees, into your calculations - Real-life examples and tips on making your investment work for you Follow Ryan online: https://www.instagram.com/learnlikeacpa/ Timestamps: 00:00 Intro 03:29 How real estate builds wealth and values time 08:12 Navigating property taxes and cost segregation in real estate 10:04 What to consider about HOA rules before investing 14:42 Aiming for 15% profit: analyzing expenses 16:50 Three steps to quickly assess deal viability 20:43 Understanding author's intent and closing costs 26:03 Maximizing cash on cash return through loans 28:19 Send your pro forma questions via email Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join Jeff and Ryan as they unpack the complexities of Private Mortgage Insurance (PMI) and offer valuable strategies for navigating the real estate market; this episode covers: - Understanding PMI: Benefits, costs, and removal guidelines. - How current market conditions create acquisition opportunities. - The role of experienced teams in successful real estate deals. - Key loan products for short-term rentals and second homes. - Importance of experience in securing loans and choosing financial services. Follow Ryan online: https://www.instagram.com/learnlikeacpa/ Timestamps: 00:00 Intro 06:45 Navigating ten mortgages with Fannie Mae and Freddie Mac 10:02 Gaining approval confidence through data analytics 13:38 Why choosing quality over price matters 16:07 FHA loans and long-term PMI 17:53 Understanding PMI costs: 0.23-0.28% explained 22:49 Removing PMI with a new appraisal 26:04 Seizing more opportunities in a favorable rate environment 27:55 How higher interest rates reduce buyer competition 31:20 Success with a proven investment model Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

This episode of the LearnLikeaCPA Podcast delves deep into smart strategies to change your financial future through real estate. Ryan reveals the secrets to maximizing your real estate investments and minimizing your tax liability like: - Understanding passive income and how to offset it with passive losses. - The benefits of cost segregation depreciation and when to use it. - Leveraging retirement accounts for real estate investments. - Strategies to minimize tax implications while maximizing cash flow. - Key tax advantages specific to real estate professionals and investors. Follow Ryan online: https://www.instagram.com/learnlikeacpa/ Timestamps: 00:00 Understanding Taxes: Income Source & Strategy 08:46 Leverage Government Incentives: 40% Deductible 12:41 Compare Rental Types: Long Term vs. Short Term & Depreciation 17:19 Build Wealth: Use Cost Segregation Studies 22:09 Utilize Depreciation: Government 'Loan' Strategy 28:50 Real Estate Pros: Impact on Tax Shelter Laws 34:58 Maximize Tax Benefits: Manage Short-Term Rentals 42:22 Know the Rules: On-Site Time Counts, Travel Doesn't 44:26 Plan Ahead: Anticipate Tax Hikes & Structure Income 49:32 Refinance Wisely: Partner with a Tax Strategist 57:05 Optimize Assets: Roth Conversions & Ownership Strategies 01:00:28 Enhance BRR: Capitalize on Teaching Addition 01:10:01 Protect Assets: Use Equity Stripping Strategies 01:15:32 Invest Smart: Trust Advisors & Invest in What You Know 01:21:36 Defer Gains: Use 1031 Exchanges Effectively 01:27:31 Benefit from Homeownership: Tax Perks in 2-5 Years 01:31:37 Evaluate Depreciation: Make Informed Tax Decisions 01:34:24 Save Money: Finance Business Expenses Strategically Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Unlock the full potential of your retirement savings with the power of a Roth IRA. In this episode, Ryan dives deep into why Roth IRAs are unparalleled tools for building wealth and financial freedom. - What a Roth IRA is and how it works - Key rules for contributions and withdrawals - When and why to consider Roth IRA conversions - Special strategies for funding a Roth IRA for your children - How Roth IRAs can provide a tax-efficient retirement Don't miss these essential tips for maximizing your retirement savings! Follow Ryan online: https://www.instagram.com/learnlikeacpa/ Timestamps: 00:00 Intro 04:24 How to maximize your working years and grow your Roth IRA tax-free. 08:58 How to convert to a Roth IRA during a market downturn. 13:23 Real estate investment for tax-efficient and tax-free retirement. 14:28 Roth IRA for tax-free retirement income. Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

In this episode of the LearnLikeaCPA Podcast, we delve into the ins and outs of cost segregation studies and their significant tax benefits in real estate investment. Listen to find out: - How cost segregation studies have saved investors close to $2 million in taxes over three years. - The importance of tax strategies and wealth preservation in real estate. - The impact of location and property type on tax benefits from cost segregation. - Key factors to consider, including the timing of cost segregation and its effect on tax brackets. - Real-world examples showing potential tax savings and the patriotic aspects of leveraging tax laws. Follow Ryan online: https://www.instagram.com/learnlikeacpa/ Timestamps: 00:00 Why tax savings are essential for wealth accumulation and preservation. 05:18 Cost Segregation: accelerating property depreciation for tax benefits. 09:59 Real estate case study: high ROI through cost segregation. 12:09 How to use losses to boost cash and offset income. 15:45 How to accelerate depreciation during high-income years. 20:49 The risks of DSCR loan with prepayment penalty. 21:26 How interest-free loans for reinvestment reduce your tax bill. 25:55 How a client saved $40,000 with tax return amendment. 29:12 Why taking advantage of economic opportunities is patriotic. Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Time value of money - a concept everyone knows but most people misunderstand. Today we're talking about: - The impact of inflation on your cash - Time value of money for investors AND for borrowers - Albert Einstein's equation for doubling your money ...and more Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors ► Join here: https://www.facebook.com/groups/taxstrategyforinvestors Interested in working with me? Apply here: ► https://learnlikeacpa.mykajabi.com/Application Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only. 00:00 Investing money for better future financial position. 04:29 Investing and inflation affect purchasing power over time. 07:43 Inflation affects money value; borrower vs. investor