The Ryan Bakke Show cover image

The Ryan Bakke Show

Latest episodes

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Aug 5, 2024 • 38min

094. My 3-Step Framework For Real Estate Investing

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 share my three-step framework for changing belief patterns and crushing your goals. I dive into strategies for real estate investors to pay minimal taxes and highlight the importance of having mentors or guides. Plus, I explain how simplifying your approach can lead to greater success. Key topics include: Three-step framework to change belief patterns Tax strategies for real estate investors Importance of having mentors or guides Simplifying your approach for better results Timestamps:00:00:00 Intro 00:03:19 My 3-step investing framework 00:06:03 Tax strategies for investors 00:13:31 Getting a great mentor 00:29:00 Simplifying your approach 00:33:30 Investors who are crushing it today 00:37:14 One last secret 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.
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Jul 29, 2024 • 14min

093. Grow Your Real Estate Portfolio Faster With THIS Concept

Ryan Bakke, an expert in real estate investment and debt management, shares his insights on the crucial debt-to-income ratio (DTI) and its significance for scaling real estate portfolios. He breaks down how to calculate DTI and emphasizes the importance of maintaining strong lender relationships. The discussion also covers the differences between short-term and long-term rental income, strategies for managing depreciation versus repair expenses, and the key role of liquidity in investment success.
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Jul 22, 2024 • 13min

092. I talked 1-1 with 20 real estate investors in one day. Here's what I learned:

From conducting cash on equity audits to finding specialized CPAs, this podcast episode shares key strategies for real estate investors. Learn about the importance of liquidity, asset protection, and managing financial issues in interconnected portfolios.
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Jul 15, 2024 • 33min

091. Meet the Air Traffic Controller Buying Hotels Across America | Rich Somers

Rich Somers is a boutique hotel investor, real estate educator, and one of the best-dressed guys I've ever met. He was one of the first STR investors I saw move from AirBnB to boutique hotels and he's got some really interesting takes on where the market is moving in 2024 and beyond. We talked about: - The difference between AirBnBs and boutique hotels as an investor- Finding your first boutique hotel deal- Reinventing yourself in your 30s Follow Rich online: https://www.instagram.com/rich_somers/ 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 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.
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Jul 8, 2024 • 29min

090. How to Cashflow in ANY Real Estate Market | Jon Hodge

Dive into real estate investment techniques with Ryan and Jon in our latest podcast episode. We'll break down: - Why understanding and running a pro forma is essential for every real estate deal - Key indicators to know your market and assess its conditions - Three critical tests to ensure a profitable investment and avoid losses - Importance of incorporating all expenses, including management fees, into your calculations - Real-life examples and tips on making your investment work for you Timestamps: 00:00 Intro 03:29 How real estate builds wealth and values time 08:12 Navigating property taxes and cost segregation in real estate 10:04 What to consider about HOA rules before investing 14:42 Aiming for 15% profit: analyzing expenses 16:50 Three steps to quickly assess deal viability 20:43 Understanding author's intent and closing costs 26:03 Maximizing cash on cash return through loans 28:19 Send your pro forma questions via email 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 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.
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Jul 1, 2024 • 32min

089. How to Navigate PMI Costs and Removal for Property Investors

Join Jeff and Ryan as they unpack the complexities of Private Mortgage Insurance (PMI) and offer valuable strategies for navigating the real estate market; this episode covers: - Understanding PMI: Benefits, costs, and removal guidelines. - How current market conditions create acquisition opportunities. - The role of experienced teams in successful real estate deals. - Key loan products for short-term rentals and second homes. - Importance of experience in securing loans and choosing financial services. Timestamps: 00:00 Intro 06:45 Navigating ten mortgages with Fannie Mae and Freddie Mac 10:02 Gaining approval confidence through data analytics 13:38 Why choosing quality over price matters 16:07 FHA loans and long-term PMI 17:53 Understanding PMI costs: 0.23-0.28% explained 22:49 Removing PMI with a new appraisal 26:04 Seizing more opportunities in a favorable rate environment 27:55 How higher interest rates reduce buyer competition 31:20 Success with a proven investment model 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 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.
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Jun 24, 2024 • 1h 36min

088. How Real Estate Investors Can Offset Income and Lower Taxes

This episode of the LearnLikeaCPA Podcast delves deep into smart strategies to change your financial future through real estate. Ryan reveals the secrets to maximizing your real estate investments and minimizing your tax liability like: - Understanding passive income and how to offset it with passive losses. - The benefits of cost segregation depreciation and when to use it. - Leveraging retirement accounts for real estate investments. - Strategies to minimize tax implications while maximizing cash flow. - Key tax advantages specific to real estate professionals and investors. Timestamps: 00:00 Understanding Taxes: Income Source & Strategy 08:46 Leverage Government Incentives: 40% Deductible 12:41 Compare Rental Types: Long Term vs. Short Term & Depreciation 17:19 Build Wealth: Use Cost Segregation Studies 22:09 Utilize Depreciation: Government 'Loan' Strategy 28:50 Real Estate Pros: Impact on Tax Shelter Laws 34:58 Maximize Tax Benefits: Manage Short-Term Rentals 42:22 Know the Rules: On-Site Time Counts, Travel Doesn't 44:26 Plan Ahead: Anticipate Tax Hikes & Structure Income 49:32 Refinance Wisely: Partner with a Tax Strategist 57:05 Optimize Assets: Roth Conversions & Ownership Strategies 01:00:28 Enhance BRR: Capitalize on Teaching Addition 01:10:01 Protect Assets: Use Equity Stripping Strategies 01:15:32 Invest Smart: Trust Advisors & Invest in What You Know 01:21:36 Defer Gains: Use 1031 Exchanges Effectively 01:27:31 Benefit from Homeownership: Tax Perks in 2-5 Years 01:31:37 Evaluate Depreciation: Make Informed Tax Decisions 01:34:24 Save Money: Finance Business Expenses Strategically 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 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.
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Jun 20, 2024 • 17min

087. How to Grow Your Wealth Tax-Free with a Roth IRA

Unlock the full potential of your retirement savings with the power of a Roth IRA. In this episode, Ryan dives deep into why Roth IRAs are unparalleled tools for building wealth and financial freedom. - What a Roth IRA is and how it works - Key rules for contributions and withdrawals - When and why to consider Roth IRA conversions - Special strategies for funding a Roth IRA for your children - How Roth IRAs can provide a tax-efficient retirement Timestamps: 00:00 Intro 04:24 How to maximize your working years and grow your Roth IRA tax-free. 08:58 How to convert to a Roth IRA during a market downturn. 13:23 Real estate investment for tax-efficient and tax-free retirement. 14:28 Roth IRA for tax-free retirement income. 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 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.
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Jun 10, 2024 • 30min

086. How To Slash Your Taxes: Cost Segregation Strategies in Real Estate

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. 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 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.
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Jun 3, 2024 • 9min

085. This Concept Will Make or Break Your Real Estate Investing

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 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 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.

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