Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA, MBA, and founder of Better Books, dives deep into the topic of tax extensions. If you or someone you know has filed for an extension, this episode is a must-listen!

Chris explains what it means to file an extension, addressing common questions such as whether it's a good or bad decision. He emphasizes the key aspects that individuals should have in order when filing an extension and highlights what can wait until later. With a mission to eliminate frustration surrounding taxes and bookkeeping for entrepreneurs and real estate investors. Chris shares valuable insights drawn from his experience at PwC and his journey in founding Better Books. Tune in to gain a clearer understanding of tax extensions and how they can impact your financial strategy.

Download Our Free Interest Calculator, to help you understand the potential interest you may owe if you filed an extension, we’re offering a free interest calculator. This tool will estimate how much interest you could be paying based on your income and tax obligations.

If you find value in this episode, please share it with a friend! Don’t forget to follow our Spotify channel and follow us on social media for more tips on managing your business finances.

Thank you for tuning in, and remember: understanding your numbers is key to financial success!

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The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA and Certified Tax Planner, dives deep into the booming short-term rental industry and the unique tax-saving opportunities it presents for investors.

Are you an Airbnb or VRBO host? You might be sitting on hidden tax savings! Chris discusses how to legally minimize your tax bill, avoid self-employment tax, and maximize deductions. Learn about the tax-free rental loophole, depreciation strategies, and essential expenses you can deduct to optimize your tax situation.

Join us as we explore real-life examples, including a client who saved over $50,000 in taxes through strategic planning. Whether you're a high-income earner or just starting in real estate, this episode is packed with valuable insights to help you navigate the complexities of short-term rental taxes.

Don't forget to follow for more insights on real estate investing and tax strategies! If you have questions or topics you'd like us to cover, reach out on Instagram, Facebook, or join our Facebook group, "Tax and Accounting for Real Estate Investors."

Listen now and start saving on your taxes today!

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Connect with Chris McCormack on Social Media

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The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Welcome to the Know Your Numbers REI Podcast! In this episode, your host Chris McCormack, a certified tax planner, dives in to five essential tax strategies that every real estate agent should know.

Are you a real estate agent or thinking about becoming one? This episode is packed with valuable insights that could save you thousands of dollars on your taxes. Chris shares his expertise on how many agents overpay due to a lack of understanding of the tax code and offers practical solutions to help you keep more of your hard-earned money.

Chris also shares a success story of a client who saved over $70,000 by implementing these strategies. Whether you're a seasoned professional or just starting out, this episode is a must-watch for anyone in the real estate industry.

Don't miss out on these actionable tips that can transform your approach to taxes and help you serve your clients better while keeping more money in your pocket!

👉 Connect with Chris for a free consultation and start your journey towards smarter tax planning!

Follow to our channel for more insights and strategies on real estate investing and tax planning. Until next time, God bless you and keep moving forward!

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chrismccormackcpa

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Join our Facebook Group: https://www.facebook.com/groups/6384369318328034

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https://www.youtube.com/@chrismccormackcpa

The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Welcome to another episode of the Know Your Numbers REI podcast! In this episode, your host Chris McCormack, CPA and Certified Tax Planner, dives deep into the world of tax strategy for real estate investors, entrepreneurs, and business owners.

Are you tired of feeling overwhelmed by high tax bills? Chris discusses how the wealthy leverage tax planning to keep more of their hard-earned money. Discover the secrets behind why individuals like Warren Buffett, Robert Kiyosaki, and Donald Trump pay lower taxes and how you can apply these strategies to your own financial situation.

If you're ready to take control of your taxes and build wealth, this episode is for you! Don't forget to follow for more insights and strategies to help you succeed in your financial journey.

Free Consultation Offer: Chris is offering a free one-hour consultation to review your past two years of tax returns and identify missed opportunities. Check the link in the show notes to schedule your session!

Listen to the full episode now and start your journey towards smarter tax planning!

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➤➤➤ To become a client, schedule a call with our team

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chrismccormackcpa

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Join our Facebook Group: https://www.facebook.com/groups/6384369318328034

→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

https://www.youtube.com/@chrismccormackcpa

The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormick dives deep into the critical topic of tax planning, especially relevant as we navigate tax season.

Are you a business owner or real estate investor who only thinks about taxes at year-end? If so, you might be leaving thousands—if not hundreds of thousands—of dollars on the table! Chris discusses the costly mistakes many make by waiting until tax season to address their tax strategies and shares actionable solutions to help you save money throughout the year.

Whether you're a seasoned investor or just starting out, this episode is packed with valuable insights and practical steps you can take to optimize your tax situation.

If you find value in this episode, please share it with a friend who might benefit from it! Don’t forget to follow for more weekly episodes and expert guests in the world of real estate and finance.

Join us as we empower you to take control of your taxes and keep more of your hard-earned money! Listen now and start planning for a financially successful year!

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➤➤➤ To become a client, schedule a call with our team

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chrismccormackcpa

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Join our Facebook Group: https://www.facebook.com/groups/6384369318328034

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The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

In this episode of the Know Your Numbers REI podcast, host Chris McCormack welcomes Airbnb data expert John Bianchi, the founder of STR Search. John shares his passion for analyzing Airbnb data and discusses how his company helps clients identify profitable short-term rental properties. With a remarkable track record of over 200 successful property identifications.

John Bianchi is a leading expert in short-term rental investments and the founder of STR Search, a company that has successfully directed over $90M+ in Airbnb investments. Recognized as "The Airbnb Data Guy," John specializes in data-driven property acquisitions, helping investors identify and acquire highly profitable short-term rentals.

With a background in finance, he managed $10M in assets as a financial advisor at just 23 before transitioning into the Airbnb industry. After building a portfolio of 15 short-term rentals, he refined a proprietary data analysis method that has since guided the acquisition of 200+ cash-flowing properties with a 100% success rate. His expertise led him to work with the largest STR asset management company in the U.S., helping them acquire 140+ properties.

Committed to education and transparency, John created a comprehensive free course that teaches investors his exact acquisition process. His insights have helped transform the way investors approach Airbnb investments, using data to mitigate risk and maximize returns.

Tune in for expert advice and actionable tips to elevate your investment strategy in the world of short-term rentals.

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To connect with John Bianchi, visit his Social Media Platforms:

Facebook: https://www.facebook.com/john.bianchi.7921

Instagram: https://www.instagram.com/theairbnbdataguy/

Website: https://strsearch.com/

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➤➤➤ To become a client, schedule a call with our team

➤➤ https://www.betterbooksaccounting.co/contact

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chrismccormackcpa

LinkedIn: https://www.linkedin.com/in/chrismccormackcpa

Instagram: https://www.instagram.com/chrismccormackcpa

Join our Facebook Group: https://www.facebook.com/groups/6384369318328034

→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

https://www.youtube.com/@chrismccormackcpa

The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Join Chris McCormack, CPA and Certified Tax Planner, on this episode of the Know Your Numbers REI podcast as he reveals how rental properties can serve as the ultimate tax shelter. Chris discusses strategies like cost segregation, 1031 exchanges, and depreciation to legally and ethically reduce your taxable income through real estate investments.

He shares success stories of clients who have saved thousands in taxes and provides actionable tips for maximizing tax benefits. If you're a real estate investor looking to optimize your portfolio and save on taxes, this episode is a must-listen!

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➤➤➤ To become a client, schedule a call with our team

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chrismccormackcpa

LinkedIn: https://www.linkedin.com/in/chrismccormackcpa

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Join our Facebook Group: https://www.facebook.com/groups/6384369318328034

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https://www.youtube.com/@chrismccormackcpa

The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA and founder of Better Books Accounting, dives deep into the powerful combination of cost segregation and 1031 exchanges.

Are you a real estate investor looking to maximize your tax savings and accelerate your portfolio growth? This episode is for you! Chris breaks down the intricacies of both strategies, explaining how they work individually and together to create a wealth-building machine.

Learn about the basics of cost segregation and 1031 exchanges and how to avoid common pitfalls that could lead to significant tax bills. Chris also shares real-life examples of how these strategies can save you thousands and some of the actionable tips to implement these strategies in your own portfolio.

If you're planning to sell a property or expand your portfolio, reach out to a CPA who specializes in real estate tax planning. For personalized advice, schedule a consultation with Chris through the link in the description!

Stay tuned and keep moving forward!

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➤➤➤ To become a client, schedule a call with our team

➤➤ https://www.betterbooksaccounting.co/contact

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chrismccormackcpa

LinkedIn: https://www.linkedin.com/in/chrismccormackcpa

Instagram: https://www.instagram.com/chrismccormackcpa

Join our Facebook Group: https://www.facebook.com/groups/6384369318328034

→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

https://www.youtube.com/@chrismccormackcpa

The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack, CPA and Certified Tax Planner, dives deep into the world of cost segregation and how it can significantly reduce your tax bill—potentially by half!

Are you an income-producing property owner frustrated by shrinking profits come tax season? Discover how cost segregation can help you accelerate depreciation, save thousands, and reinvest in your properties. Chris explains what cost segregation is, who qualifies, and shares real-life success stories of investors who have benefited from this strategy.

If you own rental properties or are involved in real estate investing, this episode is a must-listen! By the end, you'll have a clear understanding of whether cost segregation is the strategy you've been missing out on.

Don't forget to follow for more insights on real estate investing and tax strategies!

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➤➤➤ To become a client, schedule a call with our team

➤➤ https://www.betterbooksaccounting.co/contact

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chrismccormackcpa

LinkedIn: https://www.linkedin.com/in/chrismccormackcpa

Instagram: https://www.instagram.com/chrismccormackcpa

Join our Facebook Group: https://www.facebook.com/groups/6384369318328034

→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

https://www.youtube.com/@chrismccormackcpa

The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Welcome to the Know Your Numbers REI Podcast! In this episode, Chris McCormack, CPA and Certified Tax Planner, dives deep into the hidden mistakes that cost real estate investors thousands of dollars each year. If you're feeling overwhelmed by taxes, accounting, or the amount of money you're paying to the IRS, this episode is for you!

Chris discusses the four essential spokes of a successful real estate investment wheel: cash flow, appreciation, leverage, and tax savings. He shares real-life stories of clients who transformed their financial situations by addressing common tax mistakes and optimizing their strategies.

If you find value in this episode, please share it with fellow investors and entrepreneurs who may benefit from this crucial information. Don't forget to follow for more insights on how to take control of your taxes and unlock the true potential of your investments!

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➤➤➤ To become a client, schedule a call with our team

➤➤https://www.betterbooksaccounting.co/contact

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Connect with Chris McCormack on Social Media

Facebook:https://www.facebook.com/chrismccormackcpa

LinkedIn:https://www.linkedin.com/in/chrismccormackcpa

Instagram:https://www.instagram.com/chrismccormackcpa

Join our Facebook Group:https://www.facebook.com/groups/6384369318328034

→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

https://www.youtube.com/@chrismccormackcpa

The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.