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

► https://taxstrategy365.com/pod-app

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.

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.

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

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

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 Podcast, host Ryan Bakke discusses the best times to convert to a Roth IRA, including key considerations and strategies for maximizing tax savings.

In this video, we cover:

- Shock in income years as ideal conversion opportunities

- Leveraging real estate investments for tax advantages

- Considering future changes in state income tax rates

- Taking advantage of Roth conversions during market downturns

- Building a tax-efficient retirement by diversifying income buckets

Timestamps:

00:00 Strategic tax planning for long-term financial savings.

03:51 How to use real estate losses to offset retirement conversions.

06:58 "Tax efficient retirement: diversified assets, Roth IRA."

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 Podcast, Ryan Bakke and Austin discuss President Biden’s proposed tax increases and their potential impacts. Dive into the details as they explore significant changes to tax policy and their effects on investors and the economy, like:

- Proposed capital gains tax hike from 20% to 44.6%

- Increase of the highest marginal tax bracket to nearly 40%

- Doubling of Medicare taxes for individuals earning over $400k

- Potential elimination of the 1031 exchange and its ramifications on real estate

- Discussion on the broader economic and middle-class implications from these proposed tax changes

Timestamps:

00:00 Intro

00:27 How capital gains may face 48-49% taxes.

05:10 Why real estate investors hesitate to sell assets.

08:58 How the government limits investor loans to boost housing affordability.

10:14 The uncertainty about future tax.

13:33 The intrinsic nature of real estate.

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 Podcast, Taylor shares his journey from a $74 million Airbnb investment to leveraging strategic insights to enhance property profitability and the nuances of real estate investing, focusing on short-term rentals.

- Learn how Taylor Jones transitioned from a sales job to owning multi-million-dollar Airbnb properties and his strategies for success.

- Discover the importance of automations and SOPs in managing guest experiences and maximizing revenue.

- Explore the concept of "return on hassle" and why it's crucial for investors to consider this metric.

- Ryan and Taylor discuss the challenges of managing multiple properties and the strategic importance of scaling up.

- Insights on repositioning assets and maximizing return on equity in a high-rate environment for sustained growth and profitability.

Timestamps:

00:00 Embracing free time during COVID to learn.

06:05 Why revenue drivers matter significantly in cabin rentals.

07:56 How equity run-up leads to apartment unit sale.

12:24 Long-term rental strategy and tax advice.

16:36 Real estate investment: one property vs. two.

24:05 How to avoid short-term, floating debt for stability.

25:06 How avoiding debt pressure allows for strategic operational decisions.

29:30 Focusing on slow growth and buying over building.

35:44 Focusing on owning fewer, more profitable rental units.

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

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'm sitting down with my good friend Patryk Swietek, to discuss the ins and outs of buying property management companies for cash flow.In this episode, we cover:- Patryk's journey from selling server space online at 14 to buying his first short term rental property- The challenges and lessons learned from buying and managing short term rental properties- The importance of valuing and structuring deals when buying property management companies- Insights into the profitability and scalability of property management businesses- Tips for accessing funds and resources to start investing in property management companiesFollow Patryk online: https://www.instagram.com/patryk_swietek/Timestamps:00:00 People management skills.05:23 Partnering up to flip and renovate properties.09:15 How to value contracts.10:44 Unique acquisition strategies.14:25 How to increase your business's valuation.17:23 Buying businesses with SBA loans.

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

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

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

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.