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🔵 Tax Strategy 365 Weekly Q+A is happening in 6 days
Intro
- 🐋 Why do you want to save money on taxes? to fuel more real estate purchases or other business opportunities - 🐙 Where are you right now in your journey? We own 4 STRs. Started out in 2018 as accidental LTR landlords when we moved out of our first home and transitioned to STR investing in 2021. - 🏖️ What’s your #1 challenge right now — your “big domino”? Figuring out how to increase cashflow and get through unplanned repairs while holding onto our sanity
INTRO
- 🐋 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
Get First Investment Property
🐋 Why do you want to save money on taxes? I'd like to get closer to purchasing my first investment property. 🐙 Where are you right now in your journey? Just starting out? Own rentals? Flipping or doing STRs? I am 23 and I own a software business that does about $70K/month. I think I will pay $40-60K this year in taxes after pulling all the strings I know how too. I'd like to take the money I am making from my software and diversify into RE. 🏖️ What’s your #1 challenge right now — your “big domino”? The one thing that would make everything else easier? I am very ignorant in the tax savings & real estate space so I have a lot to learn. p.s. here is a photo of me and my wife
Get First Investment Property
Hello from Wisconsin
🐋 Why do we want to save on taxes?For my husband and me, it’s not just about “saving money.” It’s about creating more freedom to reinvest into our business, grow our rental portfolio, and build the lifestyle we’re working so hard for. Every dollar saved goes right back into improving what we’re building here in Central Wisconsin. 🐙 Where are we in our journey?We live in Central Wisconsin and currently own 3 short-term rentals and co-host 5 others in the area. We’re also flipping a property this winter and hoping to expand even more this year — including buying a property down in PCB (Panama City Beach) to grow our market reach. 🏖️ Our #1 challenge right now?Putting the right systems in place so we can scale without burning out. With rentals, co-hosting, renovations, and a flip happening all at once, strong processes are the domino that makes everything else easier — growth, time freedom, and the ability to expand into new markets.
Backyard carriage house Airbnb
My hubby and I renovated our detached garage and we now have a backyard carriage house Airbnb! One successful Airbnb booking so far since the remodel was completed this summer. Hoping to learn more about how we can save on our taxes :)
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