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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The Importance of Limiting Expenses

When you first start and often you need all that income, try not to take as many expenses. Once you start making more money and you have a higher tax bracket, of course, you're in a mile of the expenses you can get. Time value of money basically says you would rather finance that van and pay it off over five years, then a pay cash for it because now you're 30 grand out the door. And so, mostly speaking, it's best to finance it,. But I would caveat that because I see this all the time where, you know, realtor will go out maybe make 70,000 their first year, and then go buy 50,000 or 60,

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