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 11,500+ 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:

► 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.