No Vacancy The Podcast with Natalie Palmer cover image

10. Stop Letting Uncle Sam Take Your Airbnb Earnings! Interview with @learnlikeacpa

No Vacancy The Podcast with Natalie Palmer

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How to Start a Real Estate Business

I think any amount of money you spend sitting down with the CPA and tax planning is worth it. You can create the LLC later if you want to. The reason why you do an S corp is to save on what are called FICA taxes, which is social security and Medicare. If you're already a if you're a W to employee and you're doing co hosting arbitrage on the side, you're already paying into that. So yeah, I see so many people on like TikTok and stuff saying like, you cannot start this until step one is go make your LLC. And it's really frustrates me that people will hold themselves back just for that reason.

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