The Ryan Bakke Show

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.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appRich 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 30sFollow Rich online: https://www.instagram.com/rich_somers/Want me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaInterested in working with me? Apply here:► ⁠⁠⁠http://taxstrategy365.com/applyLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠⁠⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appDive 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 youTimestamps:00:00 Intro03:29 How real estate builds wealth and values time08:12 Navigating property taxes and cost segregation in real estate10:04 What to consider about HOA rules before investing14:42 Aiming for 15% profit: analyzing expenses16:50 Three steps to quickly assess deal viability20:43 Understanding author's intent and closing costs26:03 Maximizing cash on cash return through loans28:19 Send your pro forma questions via emailWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaInterested in working with me? Apply here:► ⁠⁠⁠http://taxstrategy365.com/applyLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠⁠⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appJoin 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 Intro06:45 Navigating ten mortgages with Fannie Mae and Freddie Mac10:02 Gaining approval confidence through data analytics13:38 Why choosing quality over price matters16:07 FHA loans and long-term PMI17:53 Understanding PMI costs: 0.23-0.28% explained22:49 Removing PMI with a new appraisal26:04 Seizing more opportunities in a favorable rate environment27:55 How higher interest rates reduce buyer competition31:20 Success with a proven investment modelWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaInterested in working with me? Apply here:► ⁠⁠⁠http://taxstrategy365.com/applyLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠⁠⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appThis 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 & Strategy08:46 Leverage Government Incentives: 40% Deductible12:41 Compare Rental Types: Long Term vs. Short Term & Depreciation17:19 Build Wealth: Use Cost Segregation Studies22:09 Utilize Depreciation: Government 'Loan' Strategy28:50 Real Estate Pros: Impact on Tax Shelter Laws34:58 Maximize Tax Benefits: Manage Short-Term Rentals42:22 Know the Rules: On-Site Time Counts, Travel Doesn't44:26 Plan Ahead: Anticipate Tax Hikes & Structure Income49:32 Refinance Wisely: Partner with a Tax Strategist57:05 Optimize Assets: Roth Conversions & Ownership Strategies01:00:28 Enhance BRR: Capitalize on Teaching Addition01:10:01 Protect Assets: Use Equity Stripping Strategies01:15:32 Invest Smart: Trust Advisors & Invest in What You Know01:21:36 Defer Gains: Use 1031 Exchanges Effectively01:27:31 Benefit from Homeownership: Tax Perks in 2-5 Years01:31:37 Evaluate Depreciation: Make Informed Tax Decisions01:34:24 Save Money: Finance Business Expenses StrategicallyWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaInterested in working with me? Apply here:► ⁠⁠⁠http://taxstrategy365.com/applyLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠⁠⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appUnlock 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 retirementTimestamps:00:00 Intro04:24 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.Want me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaInterested in working with me? Apply here:► ⁠⁠⁠http://taxstrategy365.com/applyLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠⁠⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn 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.Want me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appTime 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 moneyWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠⁠⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode of the LearnLikeaCPA Podcast, host Ryan Bakke discusses the best times to convert to a Roth IRA, including key considerations and strategies for maximizing tax savings.In this video, we cover:- Shock in income years as ideal conversion opportunities- Leveraging real estate investments for tax advantages- Considering future changes in state income tax rates- Taking advantage of Roth conversions during market downturns- Building a tax-efficient retirement by diversifying income bucketsTimestamps:00:00 Strategic tax planning for long-term financial savings.03:51 How to use real estate losses to offset retirement conversions.06:58 "Tax efficient retirement: diversified assets, Roth IRA."Want me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode of the LearnLikeaCPA Podcast, Ryan Bakke and Austin discuss President Biden’s proposed tax increases and their potential impacts. Dive into the details as they explore significant changes to tax policy and their effects on investors and the economy, like:- Proposed capital gains tax hike from 20% to 44.6%- Increase of the highest marginal tax bracket to nearly 40%- Doubling of Medicare taxes for individuals earning over $400k- Potential elimination of the 1031 exchange and its ramifications on real estate- Discussion on the broader economic and middle-class implications from these proposed tax changesTimestamps:00:00 Intro00:27 How capital gains may face 48-49% taxes.05:10 Why real estate investors hesitate to sell assets.08:58 How the government limits investor loans to boost housing affordability.10:14 The uncertainty about future tax.13:33 The intrinsic nature of real estate.Want me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠⁠⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.