In this LearnLikeaCPA Podcast episode, join host Ryan Bakke and guest Shannon Harr as they discuss Shannon's journey into real estate investing and the impact of tax strategies on her business.Covered in this episode:- How Shannon's experience at a boot camp transformed her real estate investment plans- The influence of Dave Ramsey's financial principles on Shannon's early investing decisions- Shannon's understanding of passive and active losses in real estate- The role of short term rental tax loopholes in offsetting federal tax liability- The importance of accurate bookkeeping and the impact on tax deductions
Follow Ryan online: https://www.instagram.com/learnlikeacpa/
Timestamps:
[00:00:00] Intro
[00:00:50] Boot camp propelled my confidence and success.
[00:06:03] Regret selling old home for new build.
[00:09:10] Greater control leads to fewer missed deductions.
[00:10:39] Reconsidering financial plans to improve bankability and options.
[00:14:00] Learned about cost segregation, short-term rental tax.
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*None of this is meant to be specific investment advice, it's for entertainment purposes only.
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