In this episode of the Rental Realm podcast, Jay Ullrich interviews Ryan Bakke, CEO of Tax Strategy 365, about tax strategies for real estate investors. Ryan helps real estate investors save money on taxes and maximize their investments. He also offers portfolio audits to help investors identify properties with high equity and low profitability. The conversation covers topics such as the biggest mistakes beginner investors make, the best business structure for short-term rentals, the STR loophole, and the importance of understanding debt-to-income ratios. Ryan also discusses the tax benefits of real estate investing and the importance of analyzing expenses and deductions.Chapters00:00 Introduction and Overview00:41 Ryan's Role in Helping Real Estate Investors03:16 Common Mistakes of Beginner Investors04:47 Choosing the Right Business Structure for Short-Term Rentals06:30 The Tax Advantage of Switching to an S Corporation08:53 Ryan's Target Clients and Services09:20 Advice for Self-Employed Individuals Buying Property11:26 Analyzing Debt-to-Income Ratio and Future Plans13:26 The 1% Rule and Cash-on-Cash Return16:09 The STR Loophole and Gross Revenue Test17:13 Going Cash Flow Negative and Timing Interest Rates21:08 Considering Development Potential and Interest Rates22:36 The Importance of Basic Math in Real Estate Investing23:07 Analyzing Expenses and Deductions26:42 Understanding the STR Loophole and Multifamily Properties29:57 The Best States for Real Estate Investors37:42 Strangest Expenses and DeductionsConnect on Instagram:jaytullrichryanbakkecpaKeywordstax strategies, real estate investors, portfolio audits, beginner investors, business structure, short-term rentals, STR loophole, debt-to-income ratios, expenses, deductions

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