Hello! · 🏠 Lower Taxes w/ Ryan

Hello!

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.

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