How does it affect taxes when we install a pool before the property is put in service, vs after? Thanks.

- 🐋 Why do you want to save money on taxes? Not just “to save money” — but what does that money mean for your life? I would like to be able to "retire" at some point, i.e. to be able to spend more time with family and travel more often, to not be working 24/7 it feels like sometimes. - 🐙 Where are you right now in your journey? Just starting out? Own rentals? Flipping or doing STRs? We own 8 STRs, 1 LTR, and storage units. Purchased our first STR over 10 years ago. - 🏖️ What’s your #1 challenge right now — your “big domino”? The one thing that would make everything else easier? Getting a handle on bookkeeping and taxes

Intro - Starter Post - 🐋 Why do you want to save money on taxes? Not just “to save money” — but what does that money mean for your life? I worked really hard to create my business and development my REI portfolio, so when a big chunk of the money has to go to taxes its very painful to watch 😨 Having more income will allow me to investment in other properties, help my parents achieve retirement, and travel. - 🐙 Where are you right now in your journey? Just starting out? Own rentals? Flipping or doing STRs? I have been in the STR space for 3.5 yrs, but own a mix of LTR/MTR/STR, total of 5 units. Looking to increase my portfolio by buying at least 1 property/year. - 🏖️ What’s your #1 challenge right now — your “big domino”? The one thing that would make everything else easier? I am a high income earner through a non RE business, so I try to stay in the STR space to qualify for certain tax savings, but STR is struggling right now and I am considering changing my strategy. Need to figure out how will that play out on my taxes.

Isn’t it crazy how you can go to school for 18 years (22 years if you’re a doctor) and you never learn how to efficiently transfer money from your LLC to your personal bank account?

Why do you want to save money on taxes? Not just “to save money” — but what does that money mean for your life? - I want to save money so I can retire early and spend more time with my kids before my slow-growing brain tumor gets much bigger. - - 🐙 Where are you right now in your journey? Just starting out? Own rentals? Flipping or doing STRs? - Spent the last seven years building a successful business and it irks me to pay so much in taxes. I’m learning about real estate and have yet to make a move on it. - - 🏖️ What’s your #1 challenge right now — your “big domino”? The one thing that would make everything else easier? - Biggest challenge is choosing between STR’s, and long-term rentals, as well as overcoming analysis paralysis