Real Estate Tax Strategies Exposed | Ryan Bakke E70

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 1 August 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Rich sits down for an interview with Ryan Bakke – Real Estate Investor and CPA for over 200 Real Estate Investors. Ryan has a background in Accounting and Finance and previously worked at Deloitte for two years. Through his education business @LearnLikeACPA, he has educated thousands of investors on different ways that they can become tax smart. Ryan's investment portfolio consists of small multifamily, short-term rentals, campgrounds & RV parks. Rich and Ryan dive int...

Transcript

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0:00.0	I have a lot of clients that, hey, I'm going to use my 401k to buy a rental property.
0:04.7	How can I do that as tax efficient as possible?
0:07.5	Well, you want to time up the withdrawal of the 401k with the purchase of the property so you can net them together.
0:14.1	And that's a thing that I don't think a lot of people talk about that everybody talks
0:17.9	about cost segregation and getting the losses but nobody talks about the other
0:21.2	side of it is hey what can I do now?
0:23.6	Welcome to the Rich Drummers report where we talk real estate, business, and wealth
0:27.2	building all while keeping it real.
0:29.1	No fluff, no BS.
0:30.7	I hope that you enjoy the show.
0:38.0	All right guys welcome to another episode of the reports. Today I got someone who just flew in from Chicago.
0:42.0	He's hosting a big-time real estate meet up here in
0:44.3	San Diego tonight. He is a big-time real estate CPA and now just invested in
0:50.6	our boutique hotel fund. I got my man Ryan,
0:54.0	Bakey.
0:55.0	Ryan, welcome to the show.
0:56.0	Hey, thanks for having me, Rich.
0:57.0	Yeah, man, I love your style. You come in, you take action,
1:00.0	your host of meetups, you're traveling, you're meeting people. I love it man.
1:05.0	Thank you, yeah, it's been fun that like we were talking about, the heat here is a little different for me.
1:10.0	Yeah, I'm enjoying myself in San Diego so far.
1:13.2	Have you always been like a action taker like, hey, I'm just going to do this and a quick kind of like
	...

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