How to Pay Little or Nothing in Taxes as a Realtor or Real Estate Investor

We all have a common problem - taxes! They are usually our biggest expense each year and many of us pay more in taxes than we do for healthcare, housing and food. Join us for this informative session that will provide you with strategies on how to reduce and sometimes eliminate your biggest expense each year - taxes! Presented by Ryan Bakke, CPA https://twitter.com/learnlikeacpa https://open.spotify.com/show/6IWCaoz8uRc86CAubE8AAG?si=d193aa32a68c4c72&nd=1 Ryan is a 25-year-old real estate investor, CPA and owner of MLS Consulting PLLC. He has helped clients save millions of dollars in taxes over the last 3 years through tax strategy and has helped to educate thousands of people about the various tax strategies available for real estate and business owners. In addition to his tax strategy consulting business, he also owns a portfolio of multi-family housing, luxury short-term rentals, an RV Park and a Glamping Campground. 00:00:00 The introduction of panel members 00:01:54 Ryan Baker's background and expertise  00:03:31 Ryan Baker's presentation on tax strategies 00:11:57 Depreciation and tax benefits of short-term rentals  00:12:57 Cost segregation study and accelerated depreciation. 00:14:06 Factors to consider when deciding to accelerate depreciation.  00:22:15 The qualification criteria for short-term rentals 00:28:07 Considerations for buying investment properties  00:30:15 Building a team and doing proper calculations  00:32:21 The importance of LLCs for rental real estate  00:33:37 Tax benefits of different financing options  00:35:35 Using retirement accounts for real estate investment 00:44:21 The timing of events and deferring recognition of income  00:42:26 Seller financing and stretching out capital gain  00:46:17 Income shifting and utilizing Roth IRA for children 00:52:48 Ryan's accessibility and local expertise  00:53:38 The importance of knowledge and confidence in real estate People, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues. Our Success Series covers principles of success to help your thrive! IG - https://www.instagram.com/peoplenotti... FB - https://www.facebook.com/peoplenottitles Twitter - https://twitter.com/sjkaempf Spotify - https://open.spotify.com/show/1uu5kTv...