Join entrepreneur and investor Marty Geier, who slashed his taxable income from $1.4 million to just $40K, as he shares his dynamic approach to tax optimization. Discover how he leverages the 500-hour rule for short-term rental losses and why he starts a new business each year to offset active income. Marty details his strategies for maximizing deductions through Section 179 and bonus depreciation, while also emphasizing the real-time commitment involved in managing multiple ventures and the significance of diversification for financial success.
49:50
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
question_answer ANECDOTE
Marty's Unique Business Journey
Marty started a gold-selling business in the early 2000s, selling in online games like EverQuest.
He transitioned from tech to multiple businesses, eventually making millions and moving into real estate.
volunteer_activism ADVICE
Start New Businesses Annually
Start an active business each year to create losses that offset other income.
Use the '100 hours and more than anyone else' rule to qualify for active participation without overwhelming time commitment.
volunteer_activism ADVICE
500-Hour Rule for Rentals
Dedicate 500 hours annually to short-term rentals to make losses non-passive and fully deductible.
Balance time by allocating about 20-25 hours to your main business and 15 to rentals weekly.
Get the Snipd Podcast app to discover more snips from this episode
In this episode of the Tax Smart REI Podcast, Thomas and Ryan sit down with entrepreneur and investor Marty Geier to unpack how he reduced his taxable income from $1.4 million to just $40K using a blend of business building, short-term rentals, and advanced tax strategy.
Tune in to learn:
- How Marty uses the 500-hour rule to make short-term rental losses non-passive and deductible
- Why he starts a new business each year and how it helps offset active income
- The exact way he structures his real estate and businesses to maximize Section 179 and bonus depreciation
- How he tracks performance across 10+ ventures to know when to scale, pivot, or exit
- What most investors underestimate about the real-time commitment of running rentals
To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6
Get your FREE ticket to the 2025 Tax, Legal, and Wealth Summit:
https://www.taxandlegalsummit.com/registration
Subscribe to REI Daily & Enter to Win a FREE Strategy Call:
go.therealestatecpa.com/41JuQBX
The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Tax Smart Real Estate Investors Podcast