And that's the benefit of doing the self-rental strategy is you don't have to go and run an Airbnb business

you don't have to go and qualify for real estate professional status by making a smart investment and

making a grouping election you can perform the cost segregation study to create a paper loss.

Welcome to the Rich Shmers Report where we talk real estate, business, and wealth building,

all while keeping it real.

No fluff, no BS.

I hope that you enjoy the show. All right guys, welcome to another episode of the report Saturday edition

and I got my co-host, my man, Carlton,

Dennis Carlton, welcome the show brother.

Thank you so much for having me on excited to be here man.

Yeah dude excited for for this episode man we got a new strategy that you just

taught me about and I'm as a listener I'm I'd be shocked have you heard about this but

this is some new stuff right here and I think it's gonna change the game for a lot of folks out there

maybe you're listening to this and you're like hey this might be

able to benefit you but you call it the self rental strategy Carlton what the heck is the

self rental strategy yeah so as taxpayers and investors, we get excited about investing in real estate for

multitude of reasons.

Cash flow, depreciation, and appreciation, but the depreciation part really is interesting because many taxpayers have the ability

when performing a cost segregation study to create what's called a paper loss where you are cash flow positive from your investments, but you're

reporting a loss on your tax returns.

And whether or not you qualify for the real estate professional status, which is 750 hours and spending more time in real estate than your W2 or 1099 job

or if you're running the self or short-term rental strategy,

...