The Ryan Bakke Show

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

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.

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

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.

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

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.

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

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.

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

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.

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

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.

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

Interested in working with me? Apply here:

► ⁠⁠http://taxstrategy365.com/apply

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.

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

Interested in working with me? Apply here:

► ⁠⁠⁠http://taxstrategy365.com/apply

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.

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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/

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

Interested in working with me? Apply here:

► ⁠⁠⁠http://taxstrategy365.com/apply

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.

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

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

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

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

Interested in working with me? Apply here:

► ⁠⁠⁠http://taxstrategy365.com/apply

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.