I mean I bought properties that are short term on today that actually got for zero money down, right?

And then now you capture that 30% bonus depreciation and use that to offset your active stream of income.

Yes. That is a huge tax savings that a lot of people just don't allude to.

Yeah, I mean, Rich, if you had $300,000 of W-2 income and you have a $300,000 rental loss

on the tax return, you're virtually tax-free.

And this is what I'm trying to tell more W-2 taxpayers to do.

Acquire a short-term rental have your tenants stay in there on average seven days or

less you only need to get to a hundred hours I mean you're gonna get to a

hundred hours before the end of the year setting up a short-term rental property

and now you get to benefit from some of the same tax laws that these big real estate

investors get to benefit from which is depreciation.

Welcome to the Rich Shummers 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 reports. Today we are live in the studio here in downtown San Diego. We have a little rain outside and it's November. We got

Thanksgiving coming up soon. I'm loving this this fall time and just overall vibe

but I got a very special guest today who just drove down from Newport Beach, California.

He helps 3,200 real estate investors and entrepreneurs save millions of dollars in taxes in both

real estate and business. I got Carlton Dennis.

Carlton welcome to the show my man.

Bridge what's up man? Thank you so much for having me I'm excited to be on.

Yeah dude. Super excited to have you on man I know we've been talking on social media, a couple of the folks that have been on this podcast,

...