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Hi, I'm here to grow wealth for my family
My 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 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
Hi! New To The Community
Hello Everyone! I just joined the group this week. I am based out of Austin, TX. I want to save money on taxes to use the savings on future real estate purchase and to grow my business. We own 3 STRs. In Austin/Galveston/Hill Country/Fredericksburg Texas. We are going to grow a co-hosting business in 2026. I also work for sister companies that offer painting, artificial turf, sport court services. The one thing I need to understand the tax implications and have a tax plan to work from. I am looking forward to learning from Ryan and everyone here!
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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
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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