Ep 62: How do wealthy people not pay taxes with Ryan Bakke (@LEARNLIKEACPA)?
You can watch the video version of this episode on YouTube!
The "Real Estate Professional" tax status is a coveted IRS classification and we talk with Real Estate CPA Ryan Bakke about what it takes to earn this status and why it's the best vehicle for wealth. He teaches us that if you want the ultimate benefits in saving on your taxes this is the path to take.
We also tackle the Short-Term Rental Airbnb approach to real estate investing and the tax strategies involved to make the most of your investments and the pitfalls to avoid to make sure you have a successful first investment in this space.
The House of AC is proudly sponsored by Jasmine Mortgage Team
Guest: Ryan Bakke
The House of AC Host, AC, Alan Corey:
Check out Alan's book, House FIRE, to blow your mind on how the real estate investing FIRE method ('financial independence, retire early') can change your life.