The LearnLikeaCPA Show: Recent Episodes

Ryan Bakke

Learn about real estate investing and taxes, personal finance, and how to build generational wealth. New episodes every week.

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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

Don’t miss these essential tips for maximizing your retirement savings!

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

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 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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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.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

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 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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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

...and more

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

00:00 Investing money for better future financial position.

04:29 Investing and inflation affect purchasing power over time.

07:43 Inflation affects money value; borrower vs. investor

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In 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 buckets

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

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."

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In 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 changes

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

00:00 Intro

00:27 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.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► join.learnlikeacpa.com/apply

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode of the LearnLikeaCPA Podcast, Taylor shares his journey from a $74 million Airbnb investment to leveraging strategic insights to enhance property profitability and the nuances of real estate investing, focusing on short-term rentals.

  • Learn how Taylor Jones transitioned from a sales job to owning multi-million-dollar Airbnb properties and his strategies for success.

  • Discover the importance of automations and SOPs in managing guest experiences and maximizing revenue.

  • Explore the concept of "return on hassle" and why it's crucial for investors to consider this metric.

  • Ryan and Taylor discuss the challenges of managing multiple properties and the strategic importance of scaling up.

  • Insights on repositioning assets and maximizing return on equity in a high-rate environment for sustained growth and profitability.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

00:00 Embracing free time during COVID to learn.

06:05 Why revenue drivers matter significantly in cabin rentals.

07:56 How equity run-up leads to apartment unit sale.

12:24 Long-term rental strategy and tax advice.

16:36 Real estate investment: one property vs. two.

24:05 How to avoid short-term, floating debt for stability.

25:06 How avoiding debt pressure allows for strategic operational decisions.

29:30 Focusing on slow growth and buying over building.

35:44 Focusing on owning fewer, more profitable rental units.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode of the LearnLikeaCPA Podcast, Saad Dar, a former CPA and investor at Baselane, shares his expertise on real estate investing and the role of fintech in the industry. Join us to learn valuable insights from Saad's experiences and gain practical tips for real estate investment.

In this episode, you'll learn:

  • Saad Dar's journey from CPA to investor

  • The story behind Baselane and its vision for real estate investors

  • The importance of knowing your numbers in real estate investing

  • How Baselane's reports and dashboard can benefit real estate investors

  • Saad Dar's top tip for individuals looking to venture into real estate investing

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

00:00 Transitioning from audit to advisory.

03:22 How frustration with real estate tools leads to innovation.

08:04 How the CPA partner program simplifies financial statement creation.

11:00 Assessing property performance.

14:49 Finding a community for support in overwhelming content.

16:32 Where to find Basslane and Saad.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode, our host, Ryan Bakke, sits down with special guest, Patryk Swietek, to discuss the ins and outs of buying property management companies for cash flow.In this episode, we cover:- Patryk's journey from selling server space online at 14 to buying his first short term rental property- The challenges and lessons learned from buying and managing short term rental properties- The importance of valuing and structuring deals when buying property management companies- Insights into the profitability and scalability of property management businesses- Tips for accessing funds and resources to start investing in property management companiesFollow Patryk online: https://www.instagram.com/patryk_swietek/Timestamps:00:00 People management skills.05:23 Partnering up to flip and renovate properties.09:15 How to value contracts.10:44 Unique acquisition strategies.14:25 How to increase your business's valuation.17:23 Buying businesses with SBA loans.Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors► Join here: https://www.facebook.com/groups/taxstrategyforinvestorsInterested in working with me? Apply here:► https://learnlikeacpa.mykajabi.com/ApplicationLet's connect!► Instagram: https://www.instagram.com/learnlikeacpa► LinkedIn: www.linkedin.com/in/learnlikeacpa► Twitter: https://twitter.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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In this episode of LearnLikeaCPA Podcast, our guest Dave Menapace shares his journey from healthcare consulting to real estate investment and co-hosting business. Dave discusses his experience in short term rentals and consulting, and provides valuable insights for those looking to transition from a W-2 job to real estate.In this episode, we cover:- Dave's background in healthcare consulting and his entry into real estate investment.- The reasons behind Dave's decision to purchase his first house and how it led to short term rentals.- Dave's experience with scaling from one to nine properties and the financing strategies he utilized.- The evolution of Dave's business from co-hosting to consulting and mentoring in the real estate industry.- Advice for individuals looking to transition from a W-2 job to a career in real estate and how to approach the shift with confidence.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:00:24] Transitioned from healthcare IT to consulting director.

[00:05:21] Launched short-term rental business in Bethel, Maine.

[00:08:30] First client unknowingly helped start company. Increased rates.

[00:11:36] Encouraging homeowners to consider self-management of properties.

[00:16:26] Clarify vision and goals for real estate.

[00:17:25] Prioritize serving, self-image, and clarity.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this LearnLikeaCPA Podcast episode, join host Ryan Bakke and guest Shannon Harr as they discuss Shannon's journey into real estate investing and the impact of tax strategies on her business.Covered in this episode:- How Shannon's experience at a boot camp transformed her real estate investment plans- The influence of Dave Ramsey's financial principles on Shannon's early investing decisions- Shannon's understanding of passive and active losses in real estate- The role of short term rental tax loopholes in offsetting federal tax liability- The importance of accurate bookkeeping and the impact on tax deductions

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:00:50] Boot camp propelled my confidence and success.

[00:06:03] Regret selling old home for new build.

[00:09:10] Greater control leads to fewer missed deductions.

[00:10:39] Reconsidering financial plans to improve bankability and options.

[00:14:00] Learned about cost segregation, short-term rental tax.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this LearnLikeaCPA podcast episode, host Ryan Bakke and special guest Assaf Karmon discuss the journey of creating the property management app, Turno, and the benefits of using bonus depreciation in real estate investing. In this episode, we cover:- Assaf's vision for Turno and how it evolved to solve various problems in the short term rental industry.- The challenges of launching the app and acquiring the first customer.- How property owners can streamline their operations using Turno for multiple properties.- Insights on vetting and managing cleaners for short term rentals.- The benefits of bonus depreciation and tax strategies for real estate investors.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:00:36] Created app to solve scheduling, found more challenges.

[00:05:39] Balancing customer and cleaner satisfaction in business.

[00:07:19] Fair pay leads to better performance and reliability.

[00:11:14] Flexible scheduling values employees more than money.

[00:13:53] Consider reviews, sentiment, and trust in marketplace.

[00:18:50] Quick mass adoption of financial education content.

[00:20:53] Congress incentivizes investment to boost economy.

[00:24:32] Options for using retirement money, tax strategies.

[00:26:44] Divorce could be a blessing for investment.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode of LearnLikeaCPA Podcast, host Ryan Bakke speaks with guest Federico Zimmerman, also known as Fede, about his journey from Argentina to the United States and his experience in property management. Federico shares insights on the differences in investment opportunities between the two countries and the importance of developing effective systems for remote property management.- The challenges and opportunities of working in Argentina vs. the United States- Managing properties remotely and scaling a company from a different country- Differences in property management processes and building structures in America- Implementing effective standard operating procedures for property management- Key lessons learned and tips for new investors in the short-term rental industry

Follow Federico online: https://www.instagram.com/strguide/

Timestamps:

[00:00:00] Intro

[00:02:17] Country with ups and downs, affordable, good English.

[04:24:00] Understanding the differences in American homes.

[06:59:00] Short-term rentals require focus on experience, consistency.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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Welcome to the LearnLikeaCPA Podcast! In this episode, host Ryan Bakke and guest Billy Withers discuss common mistakes in forming partnerships and share valuable insights on tax strategies for real estate investors.In this episode, we cover:- Common mistakes when forming partnerships- Navigating the short-term rental loophole- Entity structure mistakes to avoid- Material participation rules and grouping elections- Bookkeeping recommendations for real estate investors

Follow Billy online: https://www.instagram.com/billywitherstax/

Timestamps:

[00:00:00] Intro

[00:00:28] Operating agreement is vital for partnership business.

[00:04:55] S corp rentals create basis and gain issues.

[00:07:21] IRS allows grouping short-term rentals for deductions.

[00:11:39] Effective bookkeeping is crucial for maximizing deductions.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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Welcome back to the LearnLikeaCPA Podcast! In this episode, Ryan Bakke interviews Laura, a member of his team who shares her journey into real estate and the importance of tax strategy.In this episode, we'll cover:- Laura's inspiration for getting into real estate from her grandfather's story- The role of sales and marketing in real estate and why Laura pursued it- Common pain points people have with their tax or accounting team- The difference between tax strategy and tax preparation- The sales pipeline process and how people come into their firm

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:01:01] Friend's truck vs. real estate investment appreciation.

[00:06:09] Real estate tax service challenges and solutions.

[00:07:47] Tax preparation simplifies complex tax process for clients.

[00:10:49] Attract, qualify, offer competitive value, and reassure.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode of LearnLikeaCPA, Ryan Bakke and guest Parker Borofsky discuss the strategic approach to growing a short term rental portfolio, including tips on financing, debt to income ratio management, and leveraging tax returns for loan qualification. They cover topics such as the path to ten properties, utilizing projected rental income, and leveraging equity for property acquisition.Topics covered in this episode:- Strategies for acquiring multiple short term rental properties- The importance of understanding debt to income ratio in property acquisition- Tips for leveraging projected rental income for loan qualification- Using equity from existing properties for acquiring new ones- The benefits of leveraging tax returns for loan qualification.

Follow Parker online: https://www.instagram.com/homeloanwhisperer/

Timestamps:

[00:00:00] Intro

[00:01:37] Refinance options for multiple finance properties.

[00:05:45] Conventional lending doesn't consider one's AGI.

[00:08:39] Depreciation and expenses impact tax return reflects.

[00:11:18] Use real estate loss against active income.

[00:14:50] Loan originators need specialized guidelines for financing.

[00:17:24] Aim for ten, different goals, financial freedom.

[00:20:20] Tax returns crucial for loan qualification, debt.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode, host Ryan Bakke interviews Jeremy Werden, a successful entrepreneur and real estate investor, about his journey and strategies for success.In this episode, we cover:- Jeremy's inspirational story of entrepreneurship and resilience- How Jeremy transitioned from web development to real estate and boat rentals- The strategies Jeremy used to grow his real estate portfolio and achieve financial freedom- The development of Jeremy's software for short-term rental analysis and its impact on his business- Jeremy's insights into tax benefits, cost segregation, and leveraging real estate for long-term wealth building

Follow Jeremy online: https://www.instagram.com/jeremywerden/

Timestamps:

[00:00:00] Intro

[00:00:37] Personal connection to career sparked by family hardship.

[00:04:04] Finance and website design led to uncertainty.

[00:08:15] Boat rental customers led to real estate inquiries.

[00:09:17] Transitioned from managing to owning lucrative real estate.

[00:12:30] Background doesn't limit career possibilities, seek change.

[00:17:58] Utilize tax planner, offset depreciation, buy strategically.

[00:21:24] Choosing software empowered freedom to pursue dreams.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode, the host, Ryan Bakke dives into the benefits and strategies of utilizing a taxable brokerage account for wealth building and early retirement.In this episode, we will cover:- The flexibility and advantages of a taxable brokerage account- Tax-efficient gains and portfolio income- Tax-free investment opportunities within the account- The concept of tax loss harvesting- Leveraging the account for loans and real estate investments

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:01:09] Ryan Bakke discusses underutilized investing options for real estate.

[00:03:30] Taxable brokerage account provides more tax efficiency.

[00:07:16] Tax-free muni bonds have lower cash flow.

[00:10:45] Offset W-2 income through investment, real estate.

[00:13:29] Long-term investing mindset for wealth building.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode of the LearnLikeaCPA Podcast, host Ryan Bakke dives into the 5 commonly missed tax strategies in 2023 based on his interactions with various professionals and clients.In this episode, Ryan covers:- The importance of S corporations for small business owners- Pass through entity tax payments and its impact on deductions- Maximizing benefits through self-employed retirement accounts- Leveraging charitable giving with a taxable brokerage account- Strategies for managing taxes and lending in relation to property repairs and renovations

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:00:55] Tax podcast highlighting missed strategies for 2023.

[00:04:06] S corps for small businesses, PTET explained.

[00:08:41] Sep IRA has contribution limits; solo 401k allows borrowing and higher contributions.

[00:12:12] Investing grows money, tax benefits, charitable giving.

[00:14:33] Retirement: tax strategies, property income, loan qualifications.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

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► 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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Welcome to the LearnLikeaCPA Podcast with host Ryan Bakke. In this episode, Ryan discusses how to prepare for tax time and the essential documents needed for a smooth filing process.In this episode, Ryan covers:- Why tax planning is crucial for a stress-free tax time- The important documents needed for filing your tax return- Understanding the significance of prior year tax returns and business returns- Tips for ensuring accurate withholding on your W-2- Essential documents for short-term rentals and long-term rentalsDon't miss out on this valuable guide to getting ready for tax time.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:01:26] Prepare and organize tax documents for smooth filing.

[00:03:05] Previous year's tax return vital for accountants.

[00:08:33] Notify retirement company about withdrawal for correct 1099.

[00:11:34] Income tracking and tax tips for entrepreneurs.

[00:14:41] Rules for using real estate losses for taxes.

[00:16:12] Prepare for tax season monthly to ease stress.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode of LearnLikeaCPA Podcast, host Ryan Bakke discusses Einstein's Law of 72 and its application to real estate investing. Learn how understanding this rule can help you double your money and build generational wealth in real estate.Key Points:- What is Einstein's Law of 72?- Application of the law to stock market investments- How to apply the law to real estate investing- The importance of balancing investments for wealth building- Using the law to plan for retirement and financial independence

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:01:21] Math as law and rule for wealth.

[00:03:38] Investment growth, start small, then consider real estate.

[00:07:47] Building wealth through disciplined saving and investing.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

►https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode of LearnLikeaCPA Podcast, Ryan Bakke discusses the Corporate Transparency Act and its impact on small business owners. Learn about the requirements, deadlines, and implications of this new law to ensure compliance and avoid potential fines or legal issues.

In this episode, Ryan covers:

  • Overview of the Corporate Transparency Act

  • Reporting requirements for LLC owners

  • Deadlines for compliance based on LLC formation date

  • Personal and business information needed for the report

  • Advice on filing the report and implications of non-compliance

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:02:22] Reporting system collects and shares personal information.

[00:04:45] LLC registration changes must be filed promptly.[00:08:37] Business compliance: taxes, LLC paperwork, filing requirements.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode of the LearnLikeaCPA Podcast, host Ryan Bakke dives into the topic of charitable giving within taxable brokerage accounts. Learn how to maximize your tax efficiency while making a positive impact through charitable donations.In this episode, we'll cover:- Understanding the benefits of charitable giving within taxable brokerage accounts- How donating appreciated stock can reduce your capital gain exposure- Exploring a real-life example to illustrate the tax-saving potential- Long-term strategies for optimizing charitable contributions- The importance of replenishing your brokerage account after making donations

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:00:47] Donate appreciated stock for tax deduction benefits.

[00:03:42] Donating $10,000 reduces taxable capital gains.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In the podcast episode "Tax Implications of Seller Financing," host Ryan Bakke dives into the financial nuances of seller financing from the seller's perspective. He emphasizes the importance of understanding the tax implications, particularly in terms of capital gains and depreciation recapture. Ryan explains that while selling a property traditionally can lead to significant tax liabilities due to capital gains and depreciation recapture, seller financing offers a way to defer these taxes over the term of the financing agreement. He illustrates this with a detailed example, showing how spreading out the recognition of capital gains over several years can be financially advantageous due to the impact of inflation. Additionally, Ryan discusses the potential downside of immediate depreciation recapture in the year of sale, which can create a financial burden for the seller. He advises that convincing a seller to opt for seller financing requires education and demonstrating how it aligns with their best interests, particularly in the current market where guaranteed income from a seller-financed note might be more appealing than the uncertainties of reinvesting the sale proceeds.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:01:22] Tax implications of seller financing

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my TAX TRAININGS for both STR and LTR investors:

STRs: ⁠https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz⁠

LTRs: ⁠https://learnlikeacpa.mykajabi.com/offers/txXoL2Du⁠

Interested in working with me? Apply here:

► ⁠https://learnlikeacpa.mykajabi.com/Podcast⁠

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this insightful episode of the "Learn Like a CPA" podcast, Ryan delves into a critical but often overlooked metric in the investment world: the Return on Hassle (ROH), or the return on one's own time. He challenges traditional investment metrics like ROI and cash flow, arguing that time is an investor's most scarce and valuable resource. Ryan discusses the significant differences in time investment between long-term and short-term rental properties, emphasizing the need for investors to consider not just the financial returns but also the time and effort involved in managing these investments. He advises listeners to conduct a thorough audit of their time and portfolio, comparing the return on equity against the time invested in each property. This episode is a call to action for investors to align their highest ROI skills with their passions, ensuring that their investments are not only financially rewarding but also time-efficient, ultimately advocating for a more holistic approach to measuring investment success.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:01:36] Return on Your Own Time.

[00:04:07] Short-term rental cash flow.

[00:08:53] Audit your time and portfolio.

[00:10:43] Real estate investor community.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my TAX TRAININGS for both STR and LTR investors:► STRs: ⁠https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz⁠► LTRs: ⁠https://learnlikeacpa.mykajabi.com/offers/txXoL2Du⁠Interested in working with me? Apply here:► ⁠https://learnlikeacpa.mykajabi.com/Podcast⁠

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In the podcast episode "How to Pay $0 in Taxes When You Sell a Property," host Ryan Bakke explores the intricacies of the 1031 exchange, a real estate strategy that allows property owners to defer capital gains taxes when selling investment properties. He explains the process of using the proceeds from a property sale to purchase new real estate, thereby avoiding immediate tax liabilities. Ryan emphasizes the importance of understanding the rules and timelines associated with a 1031 exchange, including the role of a qualified intermediary and the deadlines for identifying and closing on replacement properties. He also cautions against letting tax avoidance be the sole driver of real estate decisions, noting that poor investment choices can negate the benefits of a 1031 exchange. Additionally, Ryan discusses the potential of using passive activity loss carryforwards (form 8582) to offset capital gains, providing an alternative to the 1031 exchange. The episode is a comprehensive guide for real estate investors looking to optimize their tax strategies while making sound investment decisions.

Follow Ryan online: https://www.instagram.com/learnlikeacpa

Timestamps:

[00:00:00] Intro

[00:00:04] Debunking the 1031 exchange.

[00:05:26] 1031 Exchange Strategies.

[00:09:58] Delaying 1031 for more options.

[00:12:19] Capital gains and passive losses.

[00:13:36] Form 8582 and 1031 exchanges.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode Ryan Bakke dives into the benefits and strategies of seller financing from the seller's perspective. He addresses the common misconception that seller financing primarily benefits the buyer, explaining how it can be equally advantageous for sellers, especially in the context of wealth killers like taxes and inflation. Ryan illustrates this with an example of a property sale and the significant tax implications involved, highlighting how seller financing can mitigate these through tax deferral and reduced tax bracket impact. He also discusses how holding onto cash from a sale can lead to value erosion due to inflation, whereas seller financing can preserve value over time. The episode further explores the seller's perspective on the security of seller financing, emphasizing the seller's ability to reclaim the property in case of default. Ryan concludes by promising future discussions on negotiation tactics for convincing sellers to opt for seller financing, and how to present such deals effectively. He invites listeners to join his Facebook group for real estate investors for further insights and discussions.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:00:38] Seller financing benefits for sellers.

[00:04:30] Taxes and inflation in seller financing.

[00:07:06] Investing $2 million wisely.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my FREE TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode Ryan Bakke explores the advantages and strategies of using seller financing for real estate acquisitions. He begins by discussing the current high-interest rate environment and how seller financing can offer a more favorable rate, effectively creating an interest rate arbitrage opportunity. Ryan emphasizes the benefits for self-employed individuals and entrepreneurs, as seller financing bypasses the need for submitting tax returns, a common hurdle in traditional bank financing. Additionally, he highlights how seller-financed deals do not impact one's credit report or debt-to-income ratio, offering a strategic advantage for future borrowing. The episode also covers the necessity of protecting one's debt-to-income ratio for scaling a real estate portfolio and the comparable tax benefits of seller financing to traditional purchases. Ryan concludes with a teaser for the next episode, which will focus on the seller's perspective in seller financing, providing insights into negotiation tactics for convincing sellers to engage in such agreements.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:00:32] Interest rates crushing deals.

[00:04:07] Protecting your debt to income ratio.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Podcast

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, Ryan Bakke introduces the concept of seller financing, a topic gaining traction in the real estate world, especially with rising interest rates. He shares his personal experience of how he utilized seller financing to purchase his second rental property, despite being maxed out on debt-to-income ratio. Ryan explains the basics of seller financing, where the transaction occurs directly between the seller and the buyer without involving traditional financial institutions. He delves into the benefits for both parties: sellers can avoid hefty taxes by staggering property sales over time, and buyers can bypass the need for conventional bank loans. The episode also touches on strategies to convince sellers to consider this financing method and the tax implications involved. Ryan promises to explore these topics in greater depth in future episodes, offering sneak peeks into convincing sellers, finding seller finance deals, and understanding the tax nuances. He concludes by inviting listeners to join his Facebook group for real estate investors, where they can discuss tax strategies and more.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:00:04] Seller financing.

[00:04:39] Convincing seller to do seller financing.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode of the "Learn Like a CPA" podcast, host Ryan Bakke interviews Theo Kagabo, CEO of Kagabo Consulting, Accounting and Tax Professionals, also known as Mr. Write Off. Theo shares his journey from pursuing basketball in college to realizing his passion for accounting, influenced by his family's background in the field. He emphasizes the importance of understanding the fundamentals of business through accounting and discusses his experiences with entrepreneurship and the transition from corporate work to starting his own firm. Theo highlights the significance of having a robust accounting system for business growth and delves into the intricacies of tax planning, the benefits of being self-employed, and strategies for minimizing tax liabilities. He also touches on the importance of bookkeeping, the decision-making process for transitioning to an S Corp, and the value of investing in one's business and education. The episode provides insights into effective financial management and the mindset required for successful entrepreneurship in the accounting and tax domain.

Follow Theo Kagado online: https://www.instagram.com/mrwriteoff/

Timestamps:

[00:00:00] Intro

[00:00:21] Childhood Snapback Entrepreneurship.

[00:03:11] Maximizing dollars through weekend work.

[00:07:22] Paying less taxes as 1099.

[00:09:26] Maximizing profits and strategies.

[00:12:46] Real estate investments for self-employed.

[00:16:13] Investing in your education.

[00:21:55] Seeing success through observation.

[00:23:10] Credibility and belief in oneself.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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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In this episode of the podcast, Ryan Bakke delves into the three pillars of wealth building: debt, taxes, and inflation. He articulates how understanding and leveraging these elements can lead to substantial wealth accumulation. Ryan explains the power of debt as a tool for controlling more assets than one's immediate capital can buy, the tax benefits inherent in real estate investments, and how inflation can actually benefit long-term debt repayment. He emphasizes the unique advantage of real estate in utilizing these three pillars in tandem, offering listeners a framework to not just understand but actively apply these concepts to their wealth-building strategies. This episode sets the stage for future discussions on advanced topics like accelerated depreciation, creative financing, and seller financing, aiming to equip listeners with the knowledge to turn these financial forces into tools for creating generational wealth.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:00:21] The three pillars of wealth building.

[00:04:00] Taxes and real estate benefits.

[00:08:23] The Power of Reinvesting.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, Ryan dives deep into the complexities of the real estate financial landscape, focusing on a particularly perplexing issue: the Wherewithal to Pay problem. Ryan unravels this intricate topic by walking us through a detailed scenario where an investor faces unexpected financial hurdles due to depreciation and tax implications when selling a property at a loss. Through a comprehensive breakdown, he illuminates the hidden challenges and potential pitfalls that investors might encounter, emphasizing the importance of strategic planning and knowledgeable decision-making in real estate transactions.

Top 3 Takeaways from the Podcast:

  1. Understanding Depreciation: Learn how depreciation, especially when coupled with cost segregation, impacts the financial outcomes when selling a property, and how it can lead to a Wherewithal to Pay problem.
  2. Strategic Planning: Discover the significance of having a well-thought-out plan and a knowledgeable tax advisor to navigate the complexities and avoid unexpected financial burdens in real estate transactions.
  3. Exploring Solutions: Ryan offers insights into potential strategies, such as 1031 exchanges and other tax planning methods, to mitigate the challenges posed by the Wherewithal to Pay problem and optimize financial outcomes in real estate sales.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:01:32] Wherewithal to Pay Problem.

[00:06:17] A wherewithal to pay problem.

[00:08:00] Offset depreciation recapture strategies.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode of the podcast, Ryan Bakke shares his journey from being an employee at Deloitte to becoming a successful entrepreneur and real estate investor. Ryan emphasizes the importance of providing value to others without expecting anything in return, a lesson he learned early in his career. He discusses the concept of value-based pricing and aligning one’s passion with the highest ROI skills. Ryan’s journey was marked by perseverance, having applied to Deloitte 27 times before landing a job, which he attributes to networking and seizing opportunities. He shares insights on transitioning from a structured corporate environment to running his own CPA firm, highlighting the significance of content creation and community engagement in building a brand and customer base. Ryan also delves into his real estate investment journey, explaining how understanding the tax code and the multifaceted benefits of real estate, such as appreciation, cash flow, equity pay down, and tax benefits, guided his investment decisions.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Follow Peter online: https://www.instagram.com/petervndr

Timestamps:

[00:00:00] Intro

[00:01:27] Value-based pricing and mindset.

[00:03:50] Teaching as a passion.

[00:08:42] Landing a job at Deloitte.

[00:11:35] Missed networking and bonding opportunities.

[00:15:34] Transition to self-employment.

[00:18:05] Overcoming fears in real estate.

[00:21:18] Tax benefits in real estate.

[00:26:58] Leveraging talents to bless others.

[00:27:27] Staying humble with success.

[00:32:06] The growth of your network.

[00:35:38] Upgrading your network mindset.

[00:38:01] Having multiple mentors.

[00:40:20] Finding purpose through loss.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Interested in working with me? Apply here:

► https://learnlikeacpa.mykajabi.com/Application

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, the focus is on the transformative approach of being proactive rather than reactive in managing taxes related to real estate investments. The speaker emphasizes the significance of tax planning over tax preparation, urging investors to engage in strategic planning throughout the year rather than merely focusing on tax filing. This approach, as highlighted, allows investors to make well-informed and strategic decisions that enhance cash flow and overall financial health.

The top three takeaways from this episode include:

1) The importance of protecting your debt-to-income ratio (DTI), which is crucial for qualifying for better loans and terms.

2) The episode underscores the value of having a clear understanding of one’s financial goals and objectives, which should be communicated clearly to the CPA for more tailored advice.

3) The speaker encourages investors to be proactive by investing in their education and hiring proficient tax advisors, which ultimately helps in optimizing tax situations, enabling investors to make the most of their investments and financial decisions.

Follow Ryan online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:02:44] Tax planning vs tax preparation.

[00:03:30] Understanding clients' goals.

[00:07:29] Overpaying taxes and tax planning.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my FREE TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, we dive deep into the intricate world of real estate, shedding light on the essential terms every investor should be familiar with. Whether you're a seasoned investor or just starting out, understanding the language of real estate is crucial to making informed decisions and navigating the market with confidence.

The top three takeaways from this episode:

1) The Importance of Due Diligence: Before making any investment, it's vital to thoroughly research and evaluate the property, understanding its potential risks and rewards. This process, known as due diligence, can make or break your investment journey.

2) Leveraging Cap Rate: Capitalization Rate, or Cap Rate, is a fundamental metric in real estate that helps investors gauge the potential return on an investment property. By understanding how to calculate and interpret it, investors can better assess a property's value and profitability.

3) Deciphering Gross Rent Multiplier (GRM): GRM is a simple tool that gives investors a quick snapshot of a property's value in relation to its rental income. By mastering this term, investors can swiftly compare properties and determine which ones might offer the best returns.

Follow LearnLikeaCPA online: https://www.instagram.com/learnlikeacpa/

Timestamps:

[00:00:00] Intro

[00:01:09] Profitability metrics.

[00:04:37] Profitability metrics: cash on equity.

[00:09:07] Passive activity.

[00:13:30] Holding rental real estate in corporations.

[00:14:01] Entity structuring.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my FREE TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, we dive deep into the evolving landscape of financial advising with Tyler Murphy. As the world of finance undergoes a significant transformation, Tyler sheds light on the new-age approach to financial guidance that prioritizes transparency and client interests over commissions. He contrasts this with the traditional methods that often come laden with conflicts of interest, potentially compromising the best interests of the clients they serve.

Top 3 Takeaways:

  1. The New Age of Advising: Modern financial advising is moving away from commission-based incentives, focusing instead on transparent, conflict-free guidance that truly serves the client's best interests.
  2. Challenges of Tradition: Traditional financial advising, while established, often carries inherent conflicts of interest, which can sometimes overshadow genuine financial guidance.
  3. Trust in Transition: As the financial world evolves, building and maintaining trust becomes paramount. Tyler emphasizes the importance of advisors being transparent, educated, and aligned with their client's goals to foster this trust.

Follow Tyler online: https://www.instagram.com/majorleaguefinance/

Timestamps:

[00:00:00] Intro

[00:01:24] Financial conflicts of interest

[00:05:05] When to buy first investment property

[00:07:20] Playing the safe game

[00:10:38] Building net worth and wealth

[00:14:20] Self-directed retirement accounts

[00:17:18] Taking out a HELOC

[00:21:19] Real estate investment mistakes

[00:26:09] Tax advantages in real estate

[00:27:36] Step up in basis

[00:30:59] Permanent insurance and infinite banking

[00:34:48] A strong side financial plan

[00:38:06] Financial education and real estate.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my FREE TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, we dive deep with the only AirBnB host to have achieved an 8-figure income, uncovering the secrets behind their unparalleled success. From humble beginnings to managing a vast portfolio of properties, our guest shares the journey, challenges, and strategies that have set them apart in the competitive world of short-term rentals.

Top takeaways from the Episode:

  1. Optimized Listing Strategies: Discover the nuances of creating an attractive and high-converting listing, from professional photos to crafting the perfect description.
  2. Mastering Guest Experience: Learn about the importance of guest reviews, and the proactive measures taken to ensure consistent 5-star ratings across all properties.
  3. Pricing and Occupancy Mastery: Delve into the tactics employed to maximize occupancy rates, strategically adjust pricing based on demand, and ensure profitability even in off-peak seasons.

Follow Syed online: https://www.instagram.com/syedbnb/

Timestamps:

[00:00:00] Intro

[00:02:17] Saturation and decreasing demand.

[00:03:44] Low money down financing.

[00:07:10] Rental arbitrage method.

[00:11:30] Rental arbitrage business.

[00:13:12] Scaling up rapidly in real estate.

[00:17:49] Facing financial devastation during COVID.

[00:20:00] Using threats as leverage.

[00:25:09] Summer bookings and supply decrease.

[00:26:17] Scaling up furniture logistics.

[00:31:00] Philippines running the whole show.

[00:35:21] Losing money on some units.

[00:36:42] Low cost, low barrier to entry business.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my FREE TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, Ryan, the host of the "Learn Like a CPA" show, sits down with Tom Brickman, a multifaceted real estate investor with a unique journey. Tom shares his experiences, from selling women's bras on eBay to fund his college education to diving deep into the world of multifamily long-term rentals. Tom's authenticity shines through as he discusses the highs and lows of his real estate journey, including the lessons learned from his initial missteps in the market. His emphasis on being genuine and transparent, especially on platforms like Twitter, has garnered him a significant following and has allowed him to connect with like-minded individuals.

Top 3 Takeaways from the Episode:

  1. The Power of Authenticity: Tom's success on social media platforms, especially Twitter, can be attributed to his genuine sharing of his journey. Whether it's discussing mistakes, showcasing before-and-after property transformations, or sharing financial numbers, being authentic resonates with audiences.
  2. The Importance of Structure in Partnerships: Tom emphasizes the need for clear operating agreements when entering partnerships. Clearly defining roles and expectations can prevent misunderstandings and ensure that all parties are on the same page.
  3. Diversifying Investment Strategies: While Tom acknowledges the benefits of cash flow from properties, he also stresses the importance of considering appreciation. His strategy involves investing in both markets that offer good cash flow and those that promise appreciation, ensuring a balanced portfolio.

Follow Tim online: https://www.instagram.com/thefrugalgay11/

Timestamps:

[00:00:00] Intro

[00:01:31] Why women's products?

[00:04:13] Hardest deal and most money.

[00:07:58] Success porn and transparency.

[00:11:14] Quitting nine to fives.

[00:16:10] Healthy gym routine and benefits.

[00:19:33] Partnerships and real estate.

[00:23:24] What's next for you?

[00:26:01] Negotiating higher purchase price.

[00:29:13] Most active on social media.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my FREE TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, I spoke with my friend Ajla about personal finance and real estate. Ajla was one of my first friends in the finance and investing world - we met all the way back when I had only a few hundred followers! She shared her background, including her early entrepreneurial ventures and her decision to start a natural skincare business right out of college. We discussed the importance of making complicated financial topics accessible to everyone and the challenges of working for someone else.

Follow Ajla online: https://www.instagram.com/ajla_talks

Timestamps:

[00:00:00] Intro

[00:04:26] Go Fund Me for Burial Costs.

[00:07:37] Seven steps to financial freedom.

[00:11:16] Investing in individual stocks.

[00:14:24] Retirement and taxable brokerage account.

[00:18:42] Option trading and tax rates.

[00:21:25] Taking Risks in Career Paths.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode we welcome special guest Elizabeth Carlson, co-owner of The Co-Host Co. Elizabeth shares her journey of co-hosting and scaling her business alongside her sister. She discusses her college education in management and entrepreneurship and how she manages properties remotely in Myrtle Beach, despite residing in Dallas, Texas. Elizabeth also shares her experience of starting with her own Airbnb property and later transitioning into co-hosting.

Follow Elizabeth online: https://www.instagram.com/thecohostco/

The Co-Host Co Website: https://www.thecohost.co/

Timestamps:

[00:00:00] Intro

[00:03:32] Getting your first client

[00:06:08] Oregon Airbnb market

[00:10:37] Marketing opportunities from bad property managers

[00:14:01] House hacking and real estate

[00:16:03] Reaching out to property owners.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode of the show, I spoke with Austin Palacios, a wealth management professional and experienced real estate investor. Austin shares his journey in wealth management and discusses his portfolio of properties in Chicago, North Carolina, West Palm Beach, and Florida. He also highlights his success in bringing properties under his team's management, generating over $1.25 million in revenue. Austin's passion for helping new investors escape their 9-5 jobs shines through as he provides valuable insights and discusses their Florida deals.

Follow Austin online: https://www.instagram.com/austinpalacios_/

Timestamps:

[00:00:00] Intro

[00:05:01] Challenging societal norms

[00:07:41] Market growth in Florida

[00:11:07] Short term rentals in the Carolinas

[00:18:58] Personal financing changes and strategies

[00:21:05] Buying old mom and pop businesses

[00:24:00] Seller financing and minimizing taxes

[00:27:06] Actionable advice for real estate

[00:30:23] Fitness and its correlation to success

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode I talked with a newer friend of mine - Jeremy Werden. Jeremy shared his journey from starting with boat rentals to building a seven-figure Airbnb business. Here are three key takeaways from our conversation:

  1. Be scrappy and creative: Jeremy started with boat rentals because he didn't have a lot of cash to invest in his business. He found a creative way to make money by buying a boat cheaply and renting it out for a similar price to a house. This shows that being resourceful and thinking outside the box can lead to success.
  2. Don't let excuses hold you back: Jeremy emphasizes the importance of taking action on your ideas. He has been someone who tries out his ideas instead of letting them fall to the back burner. This mindset has helped him achieve over a million dollars in gross revenue in his Airbnb business. So, don't let excuses like being too busy or having something happening in your family hold you back from pursuing your goals.
  3. Time is your most important commodity: As Jeremy has scaled his business, he has become more selective with his time. He values his time and works with mentees to help them build their own short-term rental businesses. This shows that as you become more successful, it's important to prioritize your time and use it wisely.

Follow Jeremy online: https://www.instagram.com/jeremywerden/

Timestamps:

[00:00:00] Intro

[00:02:20] Sphere of influence

[00:04:05] Division 1 basketball school

[00:08:20] Startup experience during COVID

[00:09:29] Short-term rental business

[00:14:14] Building wealth through short-term rentals

[00:18:18] Analyzing short-term rental deals

[00:19:33] Short-term rental property tool

[00:22:25] Real estate investing options

[00:25:48] Tax strategies for businesses

[00:28:39] Investing with Airbnb

[00:31:48] Airbnb gold rush and underwriting

[00:34:50] Real estate investment strategies

[00:38:28] Coaching and mentorship

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode of the Learn Like a CPA Show, we're joined by my friend John Bianchi. John shares his background, including his experience in television broadcasting and financial investments. He then explains how he got started in the Airbnb game, managing multiple properties in Chicago before COVID-19 impacted his business.

Follow John online: https://www.youtube.com/@theairbnbdataguy

Timestamps:

[00:00:00] Intro

[00:01:02] Getting started in real estate

[00:03:14] Realizing a unique consulting opportunity

[00:07:58] Avoiding costly property mistakes

[00:09:30] Finding good cashflow properties

[00:11:36] Airbnb market saturation

[00:15:18] Competing in the market

[00:18:31] Seasonality and Listing Tracking

[00:22:27] Useless data and data accuracy

[00:25:02] Business growth and strategies

[00:27:17] Scaling to help more people.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, we're joined once more by my good friend and fellow tax nerd Billy Withers. We dove deep into the 1031 Exchange strategy, talking about when and how to use it, who it's for, and addressing some common misconceptions about it. If you're selling an investment property in the next 12-18 months, this episode is going to be an invaluable resource for you.

Find Billy online: https://www.linkedin.com/in/billywitherstax/

Billy's firm: https://summitats.com/

Timestamps:

[00:00:00] Intro

[00:02:40] The 1031 exchange process

[00:04:38] The construction exchange

[00:09:17] Alternative investments

[00:09:41] Oil and gas investments

[00:13:59] Self storage as alternative investment.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my FREE TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode I interviewed my friend Michael Chang, a former corporate investment banker turned full-time Airbnb entrepreneur. Chang shares his expertise and experience in the short-term rental industry, specifically discussing the difference between the arbitrage and ownership routes. He explains that the decision ultimately depends on an individual's investing goals and whether they prioritize cash flow now or long-term property ownership. Chang also discusses his own portfolio, which consists of around 30 properties, a mix of rental arbitrage and self-managed properties.

Follow Michael online: https://www.instagram.com/michaelchangbnb/

Timestamps:

[00:00:00] Intro

[00:04:05] Managing short-term rentals remotely.

[00:08:29] Entrepreneurship vs. Employment.

[00:10:49] Lease to own agreements.

[00:14:00] Return on time, return on hassle.

[00:17:48] Best investment strategy out there.

[00:20:37] Short-term rental business opportunities.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my FREE TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

In this episode, I had an awesome conversation with my close friend and mentor, Bill Faeth. Bill is a serial entrepreneur, short-term rental investor, and real estate coach with his education company Build STR Wealth. Bill brought the heat today, and I want to share with you my top 3 takeaways from this episode:

  1. Awareness is a valuable skill: Bill emphasized the importance of being aware of opportunities and making people feel comfortable. It's a skill that not everyone possesses, but it can make a big difference in building relationships and achieving success.
  2. Building relationships through reciprocity: we talked about the value of helping others without expecting anything in return. This not only builds goodwill and relationships, but also often leads to unexpected opportunities down the road.
  3. Keep score with your wins & losses: Bill shared a valuable lesson from his mentor about the importance of keeping track of your goals and progress. This helps you stay focused and motivated, and also allows you to celebrate your successes along the way.

Overall, this was a fantastic episode with lots of great insights and practical advice. I highly recommend giving it a listen and taking notes on these three takeaways. As always, thanks for tuning in and supporting our podcast!

Follow Bill online: https://www.instagram.com/billfaeth73/

Timestamps:

[00:00:00] Intro

[00:01:13] Professional Golf with Tiger Woods.

[00:03:19] Visualization for success.

[00:07:22] Making people feel comfortable.

[00:12:38] Building a brand through reciprocity.

[00:20:47] Impactful Mentors.

[00:22:59] Multiple revenue streams.

[00:25:34] Cash on cash versus cash flow.

[00:28:27] Personal auditing and goal-setting.

[00:31:31] Planning for life events.

[00:34:37] Long-term planning for success.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Check out my FREE TAX TRAININGS for both STR and LTR investors:

► STRs: https://learnlikeacpa.mykajabi.com/offers/oRKiFgyz

► LTRs: https://learnlikeacpa.mykajabi.com/offers/txXoL2Du

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/

► Twitter: https://twitter.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.

View Details

In this episode, Matt and I dove deep into deal analysis and provided some valuable insights for real estate investors at all levels. Here are my top three takeaways from this episode:

The power of networking: Matt and I met at a conference in Las Vegas and hit it off right away. We were able to connect over our shared passion for real estate and have since been able to collaborate on deals and provide value to our students. This just goes to show the importance of putting yourself out there and making connections in the industry.

The value of education: Matt is a coach and has helped many people buy profitable rental properties, while I have experience in tax planning for real estate investors. We both emphasized the importance of education and staying up-to-date on industry trends and strategies. By investing in your own education, you can make better decisions and ultimately achieve greater success in real estate.

The reach of social media: Matt shared how he's been able to amplify his reach through social media and his podcast, touching and helping so many people he never thought he could. It's amazing to see the impact we can have through these platforms, and it's a reminder to keep putting out valuable content and engaging with our audience.

Follow Matt online: https://www.instagram.com/mybrokermatt/

Timestamps:

00:00:00 Intro

00:04:39 The midwest is full of opportunity.

00:11:07 Focusing in on your genius zone.

00:15:09 Investment properties require proper analysis.

00:18:43 Leveraging your equity for higher returns.

00:24:01 Focusing on larger, profitable properties.

00:29:45 How design and furnishing impact value.

00:35:13 Considering market demand.

00:40:39 Understanding your buyer persona for success.

00:42:34 Investing in adjacent cities for growth.

00:48:45 Investing in a good CPA.

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors

► Join here: https://www.facebook.com/groups/taxstrategyforinvestors

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

► Twitter: https://twitter.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.

View Details

Welcome to the LearnLikeaCPA podcast, hosted by Ryan Bakke.

In this episode, we talked about the importance of pro formas in real estate deals and why investors need to be able to run them. I firmly believe pro formas are a non-negotiable when analyzing any deal, because without them you're just making educated guesses at the type of numbers your investment will be doing.

I've made my pro forma template available to download for free: https://learnlikeacpa.mykajabi.com/Bundle

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► Tiktok: https://www.tiktok.com/@learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

► Facebook: https://www.facebook.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

[00:00:09] Pro forma importance

[00:03:20] Short-term rental metrics

[00:06:51] Understanding Property Value Breakout

[00:09:43] Insurance and Property Expenses

[00:12:40] Cash on cash return

[00:15:51] Real Estate Investing Strategies

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

View Details

Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke

In this episode of the LearnLikeaCPA Show, I sat down with my friend Peter Vander Wall, and we talked about the ever-changing business environment, real estate market, and other headlines. Between my real estate expertise and Peter's experience with his marketing agency, we had some pretty interesting conversations about AI, automations, and investing.

Follow Peter on Instagram: https://www.instagram.com/petervndr/

[00:00:57] Home prices suddenly jump

[00:03:45] Conventional vs. FHA loans

[00:07:39] Negative equity in FHA loans

[00:12:08] Retirement savings cash-out mistakes

[00:15:23] 401k fees and transfer options

[00:18:09] Retirement accounts and investing

[00:21:57] Walmart automating majority of stores

[00:25:49] The impact of automation on jobs

[00:29:34] Automation in service industry

[00:31:30] Outsourcing for cost savings

[00:35:16] Meta Verified and customer service

[00:38:11] Social media platform issues.

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► Tiktok: https://www.tiktok.com/@learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

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► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode, Isaac Carr, a lawyer and business attorney, shares his expertise in improving business systems to make them grow.

He advises young entrepreneurs to surround themselves with a network of like-minded people and find a mentor to balance risk and reward when scaling their businesses. Isaac also discusses business transfers and financing options such as seller financing.

Connect with Isaac online: https://ccsklaw.com/

Let's connect!► Instagram: https://www.instagram.com/learnlikeacpa► Tiktok: https://www.tiktok.com/@learnlikeacpa► Twitter: https://twitter.com/LearnLikeaCPA► Facebook: https://www.facebook.com/learnlikeacpa► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke

In this episode we dove deep into syndications. Syndications are my favorite investment vehicle for anyone who wants exposure to real estate in their portfolio, but doesn't have the energy or time for a more active business like apartment buildings or short-term rentals.

Let's connect!

► Instagram: ⁠https://www.instagram.com/learnlikeacpa⁠

► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠

► Twitter: ⁠https://twitter.com/LearnLikeaCPA⁠

► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠

► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan BakkeToday we're joined by my good friend Billy Withers.

Billy is a fellow tax consultant and we talked about a lot of the common tax strategies that many investors may not understand, we set the record straight on real estate professional status, and Billy shared a handful of quick and easy ways to save money on your tax bill.

Find Billy on LinkedIn: https://www.linkedin.com/in/billywitherstax/

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► Tiktok: https://www.tiktok.com/@learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

► Facebook: https://www.facebook.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke

I recently spoke at my favorite STR event of the year - Michael Sjogren & Bill Faeth's STR Wealth Conference! While I was in Nashville, I asked some of my friends about their biggest takeaways from the conference. So many cool people, so much knowledge being shared, and so many deals that will be done as a result.

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► Tiktok: https://www.tiktok.com/@learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

► Facebook: https://www.facebook.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke

In this episode I talked with my friend Kenny Bedwell. He's the founder of STR Insights as well as a member of our Build STR Wealth superteam. We talked about analytics and the picking the right STR markets. He shows us the four pillars that should be used to select properties and gives his advice.

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► Tiktok: https://www.tiktok.com/@learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

► Facebook: https://www.facebook.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke

In this episode we dove deep into cost segregation studies. This tool a powerful way to accelerate depreciation on a rental property, and can create really big tax benefits for real estate investors. We talked about how to use cost segregation studies, pros and cons in different situations, and what happens when you sell the property down the road.

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► Tiktok: https://www.tiktok.com/@learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

► Facebook: https://www.facebook.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke

In this episode we went deeper into how financing affects your tax strategy decisions. The two may not seem immediately connected, but it turns out they're very closely intertwined, and we broke down exactly how that works today.

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► Tiktok: https://www.tiktok.com/@learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

► Facebook: https://www.facebook.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke

In this episode I talked with my friend Zasha Smith! She's a real estate investor and flipper, and she shared her story of how she quit her 9-5 job to pursue real estate. It's an incredible story, and I'm grateful to her for taking the time to tell it here!

Find Zasha online:

► Instagram: https://www.instagram.com/investwithzasha/

► TikTok: https://www.tiktok.com/@investwithzasha

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► Tiktok: https://www.tiktok.com/@learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

► Facebook: https://www.facebook.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Get 20% off my upcoming Short-Term Rental Tax Training with code PODCAST20

In this episode I had an awesome conversation with my friend John! John is a corporate accountant turned full-time content creator in the finance space. We talked about his story of going full-time with his career as a content creator, what we're looking forward to in this next year of business, and much more!

Find John online:

► YouTube: https://www.youtube.com/@Johnefinance
► Instagram: https://www.instagram.com/johnefinance/
► TikTok: https://www.tiktok.com/@johnefinance

Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa
► Tiktok: https://www.tiktok.com/@learnlikeacpa
► Twitter: https://twitter.com/LearnLikeaCPA
► Facebook: https://www.facebook.com/learnlikeacpa
► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode I talk about the BRRRR Method and how it's actually missing a step. Find out what it is and how to implement it in this episode!

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode I gave a comprehensive guide to LLCs - what they will and will NOT do for you, how to create one, and I put to bed some of the most common misconceptions about LLCs.

Connect with me online! linktr.ee/LearnLikeaCPA

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode I explained the return on equity calculation and how you can use it to make sure your equity is being leveraged as efficiently as possible. We also talked through strategies to exit your properties in a tax efficient manner - which is especially helpful if you decide your equity isn't being maximized in that particular property!

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode I talked about one of the best possible investment vehicles for solopreneurs and freelancers - the Solo401k!

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode I talked financing and how it affects your tax strategy. HINT: it doesn't. But that's not the end of the story, so still listen to the episode ;)

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode I talked about 6 strategies for saving money on your 2022 tax return. The end of the year is coming quickly, and even though we don't have to file our taxes till April 15th, you can't change history so you need to implement these strategies by the end of the year.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode I dove deep into short-term rental taxes. I shared how STRs are a powerful tax-saving tool, and how to find an STR that will maximize your tax benefits.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode I broke down my latest real estate deal for you guys. I'll show you my reason for entering into a partnership for this deal AND give you a behind-the-scenes look at the numbers that went into it.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we talked about self-directed IRAs. This is one of my favorite investment vehicles because of the freedom it gives you to invest in assets you know and understand, while still keeping the tax benefits that come with a retirement account!

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we talked about the power of leverage in real estate. By using other people’s money, you can significantly increase your cashflow, and we’re going through all the numbers to show you how this works.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we talked about what a wealthy person’s tax return looks like. There’s certain strategies and investment vehicles that the wealthy take advantage of, and I’m breaking those all down for you here.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke

Today's episode is really special - this is the full presentation I gave at the STR Wealth Conference in Nashville. I went over a lot of topics, from how I started in Real Estate and the "why" behind what I do, to the nitty gritty of depreciation, RE professional status, and much more.

For more information on the STR Wealth Conference, visit https://strwealthconference.com/

If you want your questions answered in next month’s Q&A episode, let’s connect online: https://www.learnlikeacpa.com/links

Listen to the podcast!

► Spotify: https://open.spotify.com/show/6IWCaoz8uRc86CAubE8AAG?si=3c52d87d52454928

► Apple Podcasts: https://podcasts.apple.com/us/podcast/the-learnlikeacpa-show/id1612272928 Let's connect!

► Instagram: https://www.instagram.com/learnlikeacpa

► Tiktok: https://www.tiktok.com/@learnlikeacpa

► Twitter: https://twitter.com/LearnLikeaCPA

► Facebook: https://www.facebook.com/learnlikeacpa

► LinkedIn: www.linkedin.com/in/learnlikeacpa

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

I recently had the privilege of speaking at the Build STR Wealth conference in Nashville, and today we’re going over some of the highlights of the day! Check out the official website for the event here: https://strwealthconference.com/

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we answered your questions on how to hold your properties, the “Buy Borrow Die” strategy, and much more.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we talked about how wealthy people take advantage of the tax code to build wealth by investing instead of spending.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we took a deeper dive into Real Estate Professional Status and how you can get tax benefits by leveraging this strategy.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we answered your questions on Fixing and Flipping vs Buying and Holding, taxes on house hacking, and much more.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we talked about my 7 steps to financial freedom.

  1. Emergency fund (6-9 months of expenses)
  2. Health/Life Insurance covered
  3. Contribute to employer match on 401k, but no more
  4. Pay off high-interest debt
  5. Max out Roth IRA and HSA
  6. Pay off low-interest debt
  7. Invest 20% of your income

I believe these steps, in this order, are the best path toward financial freedom for MOST people. Be sure to think about your own situation, though, to make sure these fit your goals and your situation.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode I answer your questions on bookkeeping preferences, taxes in a self-directed IRA, accelerating depreciation for non-real estate professionals, and we do the math on the 15-year vs the 30-year mortgage and which is the best wealth-building strategy.

If you want your questions answered in next month’s Q&A episode, let’s connect online: www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we're talking about the Health Savings Account (HSA). We go over why this account even exists, what the benefits are (hint: there's a lot), and how to prioritize funding this account vs your other accounts.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we're talking about paying your kids to work in your business. This is a great way to save on taxes, as well as teaching your kids work ethic and financial literacy. We go over legal requirements, upfront tax savings, ways to leverage this strategy to build generational wealth, and much more.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we talked about how the IRS is beginning to crack down on cryptocurrency activity. We broke down the reason why this is happening now, different taxable events that happen with crypto, and best practices to avoid paying big in taxes and tax preparation.

Connect with me online! www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

Today’s another Q&A episode, where we talk about four main topics:

  1. Dollar cost averaging vs lump sum investing
  2. How to buy your first house in your twenties
  3. Rental real estate tax
  4. The stepped up in basis rule

Connect with me online! https://www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

Many of us dream of early retirement, but wonder how it’s possible without getting into real estate or entrepreneurship. Today we’re talking about a seriously underrated investment vehicle - a taxable brokerage account.

Connect with me online! https://www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

What do you call it when two doctors get together to buy real estate?

A tax shelter. Ba-dum-tss

Jokes aside, today we talked about the short-term rental loophole and how you can use losses from your rental properties to offset your non-passive income.

Connect with me online! https://www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

S-Corporations are an essential structure when it comes to business taxes, and in today’s episode, we talk about why that is.

Connect with me online! https://www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke. 

In this episode I answer your questions on the 121 exclusion, house hacking, self directing your retirement account, and the difference between traditional and roth investing.

If you want your questions answered in next month’s Q&A episode, let’s connect online: https://www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke. 

In this episode we talk about passive activity losses and real estate professional status. These artificial tax losses can offset your ordinary day job income, saving you hundreds of thousands in taxes!

Connect with me online! https://www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke. 

In this episode we talked about the eighth wonder of the world: depreciation. It’s the number one expense real estate investors should be taking advantage of, and we talk all about why that is and how to take full advantage of this tax savings strategy.

Connect with me online! https://www.learnlikeacpa.com/links

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Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke. 

In this episode we talked about why real estate is the greatest asset to invest in, and how the tax code is a road map to wealth.

Connect with me online! https://www.learnlikeacpa.com/links