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Tax Strategy 365 Community

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RE Tax Prep Community

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🏠 Lower Taxes w/ Ryan

1k members • $1/year

STR Empire Builders

127 members • Free

9 contributions to 🏠 Lower Taxes w/ Ryan
Cost segregation meeting
Hello what happened to Cost segregation meeting today ?
1 like • 15d
@Ryan Bakke, CPA Hope all turns out ok. Take care of family.
1 like • 15d
Per Ryan meeting canceled.
Closing cost as business expense?
So hopefully planning to buy my first STR. Option A: close the loan under my personal name and get a better interest rate. Then transfer deed under LLC. Option B: close under LLC to begin with but get a little higher interest rate on the loan. Can Option A ( closing under personal name) allow me to use the closing costs as a business expense and be used as a tax deduction for W2 income ( using str loophole)? If Option B ( closing under llc) will allow it then I need to see the difference in interest rate to see if makes sense. Thanks in advance. Faisal
1 like • Oct 29
YEs. That is what I am also finding out. Best to get loan under LLC to begin with as suggested by Ryan.
Steps from Closing to Listing!
Hello All. I have made an offer on my STR property today. I am looking for further guidance on how to list and promote my property. Is there any YouTube video that give step by step or broad overview of next steps. I need steps from closing the property to getting it listed on websites. Thank you
2 likes • Oct 12
Good luck. I hope others we will other newbie’s contribute and share resources as well 😊
Too late in the game ?
Hello y'all. I am new in the community and excited about getting in the STR field especially to off set my taxes. I know I am late for 2025 but I am wondering if STR business in general will soon become super saturated and unsustainable. If too many people keep buying STR to get the Bonus depreciation.
1 like • Oct 8
What I meant was to say that the overall STR market may have too many buyers buying properties to get the benefit of bonus depreciation. This can lead to oversupply of STRs in the rental space. I agree with you that it can still be profitable if run professionally and with care and attention to details.
Software for BookKeeping
@Ryan Bakke, CPA I am watching a bunch of videos and podcast these days and getting a crash course in using STR as a means to save my immense tax burden. So thanks for that. IN one of the podcast you mentioned bookkeeping software which you felt was better than Quickbooks. I can not remember the name. Can you make a recommendation? I am buying my first STR but plan to grow. At some point I will hire someone. Thanks.
1-9 of 9
Faisal Arain
3
29points to level up
@faisal-arain-5938
Looking to build a STR portfolio for future asset development

Active 7h ago
Joined Sep 26, 2025
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