Ashish from investorfriendlycpa.com explains how rental property investors can save money on taxes with real estate professional status.We talk about what it is, how to qualify, and rules that investors need to be aware of.

Bonus: How To Reduce (Or Eliminate) Your Taxes With Real Estate Professional Status

Inspiring interviews with everyday people that are generating passive income by investing in rental properties. On each episode, we talk to a landlord about how they found and purchased their rental properties, how they financed them, and issues they face with property management, and managing tenants.Make sure you follow the show. A new episode is released every Tuesday.

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Justin shares how not being able to take enough time from work for one of his kids to play travel hockey was his motivation to start building a rental portfolio.On this episode, Justin shares how he got the money to get started, how he financed his rental purchases, and how many properties he needed to leave his job.Justin also shares how he budgets for expenses (both business and personal), and how he gets health insurance for his family without a job.https://rentalincomepodcast.com/episode470

How He Replaced His W2 Income With Rental Income (With 5 Kids) With Justin Corritore (Ep 470)

Bryan was slowly building his rental portfolio, and over the last few years, he figured out a formula to step up the pace of his buying.On this episode, we talk about:How he's been buying incredible deals ($100K under market).How he financed his purchases.Where his down payment money came from.We also look at the numbers for his entire portfolio, including total rent, mortgage payments, typical expenses, and net cash flow.Bryan also shares his plan to get to $20K in monthly cash flow.https://rentalincomepodcast.com/episode469

How He Got To $10K In Rental Income (And His Plan To Get To $20K) With Bryan Bokowy (Ep 469)

Jacki talks about her strategy of buying a property that she wants to use on vacation for a few years. She generates income by renting it when she's not there.After a few years, she's ready to go somewhere new. She'll sell the property for a profit, and use the equity she created to buy the next one.On this episode, we talk about how many times she's done this strategy, what the perfect property looks like, and we look at the numbers for a recent deal.'https://rentalincomepodcast.com/episode468

Buying Vacation Rentals, Staying For Free & Selling For A Big Profit With Jacki Tate (Ep 468)

Join us as we explore the ins and outs of financing, legal structures, and the advantages and disadvantages of buying rentals with partners.On this episode, we talk about their decision to operate under an LLC or as individuals to build their portfolio.We also talk about how they used an FHA 203k loans, a powerful tool to buy and rehab properties with a small down payment.Dave and his partners have come up with a unique way to make sure they can continue to buy rentals even if one member of the partnership can't afford it at that particular time.We also talk about what they are doing with the monthly cash flow, and how they are managing their properties.https://rentalincomepodcast.com/episode467

How He's Financing Rentals With Partners With Dave Spooner (Ep 467)

A few years ago, Chase was listening to the Rental Income Podcast, trying to figure out how to get started investing in rentals.After hearing dozens of stories from investors who had been successful in investing in real estate, he felt ready to buy his first property.Today his rental portfolio generates over $20,000 a month in net cash flow.On this episode, Chase shares the types of properties that generate the highest return for him, how he screens his tenants, and why he prefers month-to-month leases over year leases.https://rentalincomepodcast.com/episode466Thanks to our sponsors:The GuarantorsRidge Lending Group

Bonus: How To Reduce (Or Eliminate) Your Taxes With Real Estate Professional Status

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