The Tax Loophole That Saves Real Estate Investors THOUSANDS!

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 6 February 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Most people think paying high taxes is just part of making good money—but what if you could legally reduce (or even eliminate) your tax bill? In this episode of the Rich Dad Real Estate Show, I sit down with Ryan Bakke, a CPA and real estate investor who has helped 600+ investors maximize their wealth while paying less to the IRS.

Ryan reveals little-known real estate tax strategies that allow investors to not only build wealth but also legally pay $0 in taxes. We cover powerful concepts like accelerated depreciation, the short-term rental loophole, and real estate professional status, all of which can significantly reduce your tax burden.

00:00 Introduction
00:51 Ryan's Real Estate Journey
01:38 Understanding Real Estate Loans and Tax Strategies
02:38 From CPA to Real Estate Investor
04:00 Building Wealth and Tax Benefits
11:51 Short Term Rentals and Tax Loopholes
14:52 Financial Security and Gold Investment
17:42 Accelerated Depreciation Explained
23:55 Real Estate Professional Classification
29:26 Working with a Real Estate CPA

Transcript

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0:00.0	Welcome to the Rich Dad Real Estate Show where we talk about the good news and bad news.
0:03.3	A real estate hosted by yours truly, Jaron Sustar.
0:06.3	I'm here with my good friend Cameron Cathcart today.
0:08.8	Cameron was a youth pastor, which I can't wait to dive into because I think every male in my family is a pastor except for me in the black sheep.
0:16.6	And then he decided to get into real estate and he's done 500 plus deals on 65 doors and is absolutely crushing.
0:25.2	And he's also the co-hosts of the Better Life podcast.
0:29.4	If I said that incorrectly, let me know with Brandon Turner, who's an OG from Bigger Pockets.
0:33.8	Cameron, thanks for being on here.
0:35.2	Dude, thank you so much for having me.
0:36.6	I'm super excited to be here.
0:38.9	We got to hang out in Denver in October, and it was like, I don't know, it's like I felt like I'd known this guy forever.
0:44.3	I think part of it has to do with our background in faith and in church.
0:49.4	And we kind of have a similar journey from that perspective.
0:52.4	I didn't choose to be a youth pastor.
0:53.9	I was a little journey from that perspective. I didn't choose to be a youth pastor. I was a little
0:54.2	bit smarter than you. I looked and I said, you know, they don't make any money and they do pizza
0:58.5	and games all day long. So I stayed away. But it's cool because seriously, my dad's a pastor,
1:04.4	my brother's a pastor, my brother's a pastor, my great grandpa's a pastor, my great grandpa is a pastor. And then my other great grandpa, I think, was a drunk. And so maybe I met in the middle of, you know, the pastor and the great grandpa was a drunk. Now, I'm joking. But I stayed away from it. But I understand that life. And so I love to like talk and dive into how in the world did you go from I do. We're doing full time ministry all bought in to now we're, we still love the Lord,
1:29.7	of course, but we're doing all these real estate deals. Yes. And so I, and this is going to be a
1:34.7	longer story. And so I apologize, Jaron, but I love this story. And it will give you me from
1:42.6	from being a youth pastor all the way to today.
1:45.9	And so, yeah, I was a youth pastor.
	...

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