Looking to purchase an STR before EOY - will likely buy a property that needs some updating/renovating and curious what the right play is in relation to cost seg. Is it ideal to complete the reno and then do a cost seg after or do you still get the same/similar tax benefit if you do a cost seg, go live to get your 2 bookings, etc. and THEN the reno? Up against the clock with EOY right around the corner.

My wife and I just celebrated our 2nd wedding anniversary in New York City ❤️ and, of course, we stopped by Wall Street and the New York Stock Exchange. Walking around, I couldn’t help but notice all the glamour, flashing tickers, and “get rich quick” hype that comes with the stock market. But the truth is simple: ✅ Law #1: The stock market is a mechanism that transfers wealth from the impatient to the patient. It’s not about timing the market — it’s about time in the market. ✅ Law #2: On average, the stock market doubles every 9 years. $100K today → $200K in 9 years → $400K in 18 years → $800K in 27 years → $1.6M in 36 years. 📈 ✅ Law #3: Have a financial roadmap for every single dollar before it comes in. Wealthy people assign dollars before they hit the bank account. The most successful investors? They stick to these principles and let time + consistency do the work. 👉 If you want to dive deeper, check out my podcast episode on The 7 Steps to Financial Freedom (Spotify & YouTube).

Thanks everyone that joined. Had a great time! Let me know what your key takeaways were below.https://www.loom.com/share/a32cad87be6c43d88a47472c1a8f3b47?sid=c2b8039b-3d96-4808-8303-8c66ecb4d321

Hey everyone! My wife, two boys and I are based in the SLC area and are just starting our RE investing journey. Look forward to connecting with you all and learning as much as I can. Thanks Ryan for all the content! - Saving on taxes will allow us to keep reinvesting in cash flowing assets to build up an additional income stream, eventually leading to earlier retirement and freedom for my family. We have lofty travel goals and have so many bucket list trips to eventually take as well! - Planning to purchase our first STR by the end of the year. Working with Kenny & team at STR Insights to find the right one! - Our "one big domino" is probably pulling the trigger on our first STR and then learning as much as possible along the way to optimize and thoughtfully grow 📈

What hours can you count if you take a trip out to a property during the inspection period once you're under contract? only the hours you're physically at the property? or can you count hours visiting places around the property as you think through what you plan to add to your guidebook?