Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I join my friend Avery Carl on The Short Term Show to discuss what it takes to successfully defend an audit on the short-term rental tax loophole. We dive deep into the importance of proper documentation, setting up material participation logs, and understanding how to track and defend expenses. I also share my personal experience of winning an IRS audit with zero changes. Timestamps: 00:00:00 Intro 00:01:02 What Triggers Audits for Short-Term Rental Investors 00:03:45 Setting Up and Maintaining Material Participation Logs 00:06:20 Tracking Expenses and Financial Statements 00:08:54 Winning an IRS Audit with Zero Changes 00:11:32 Navigating the Audit Process 00:14:05 The Role of CPAs Who Understand Real Estate 00:16:40 Strategies to Minimize Audit Risk 00:18:50 Leveraging the Short-Term Rental Loophole Effectively Interested in working with me? Apply here: ► ⁠https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, we're walking through essential state-level tax planning strategies for real estate investors. We cover everything from property tax reassessments to navigating multi-state income tax issues and understanding occupancy taxes. I also break down the right way to structure LLCs when investing across multiple states to ensure legal and tax compliance. Timestamps: 00:00:00 Intro 00:00:42 Property Tax Reassessments 00:03:15 Multi-State Income Tax Rules 00:05:48 Managing Occupancy Taxes for Short-Term Rentals 00:08:22 Structuring LLCs for Out-of-State Properties 00:10:56 Depreciation Strategies to Maximize Tax Benefits 00:13:30 Avoiding Common State Tax Pitfalls 00:15:45 Staying Updated on State Tax Changes Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, we're diving into Roth conversion planning and talking about essential strategies to help you maximize your tax savings. We’ll break down when and why to consider a Roth conversion, how to take advantage of market dips, and the importance of understanding tax brackets when converting traditional retirement accounts to Roth. I’ll also cover key tactics like chunking conversions and why it’s crucial to avoid withholding taxes during the conversion process. Timestamps: 00:00:00 Intro 00:01:12 When to Consider a Roth Conversion 00:03:45 Tax Brackets and Roth Conversions 00:05:28 The Importance of Not Withholding Taxes 00:07:10 Chunking Conversions for Maximum Efficiency 00:08:55 Using Market Dips to Your Advantage 00:10:33 Long-Term Benefits of Tax-Free Growth 00:12:05 Common Mistakes in Roth Conversions 00:13:40 Strategizing for Future Tax Changes 00:15:22 Roth Conversion and Estate Planning Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/apply Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Explore the vital topic of asset protection for real estate investors. Discover when and why to set up an LLC to safeguard your properties. Learn about advanced strategies like using revocable living trusts and Wyoming holding companies for optimal organization. Gain insights into navigating transfer taxes and ensuring tax efficiency. Avoid common pitfalls in asset protection while securing your investments and simplifying your real estate portfolio.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, we're diving into the ins and outs of seller financing, a powerful tool for real estate investors. I break down how seller financing can benefit both buyers and sellers, covering everything from tax advantages to navigating inflation. We’ll explore key strategies for structuring deals, overcoming financing challenges, and making seller financing work in today’s high-interest rate environment. Timestamps: 00:00:00 Intro 00:04:18 Tax Advantages for Sellers 00:02:42 Seller Financing from the Buyer’s Perspective 00:08:13 How to Structure a Seller-Financed Deal 00:09:26 Negotiating Terms and Interest Rates 00:06:21 Common Scenarios Where Seller Financing Works Best 00:07:10 Seller Financing as a Retirement Strategy 00:14:45 Dealing with Defaults and Contingencies 00:05:20 The Role of Inflation in Seller Financing Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/apply Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ 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 Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/apply Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ 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 Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/apply Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ 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 Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/apply Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa ⁠► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ 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 Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/apply Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ 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 Interested in working with me? Apply here: ► ⁠http://taxstrategy365.com/apply⁠ Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.