14 min
Ep. 92 - The Short-Term Rental Tax Incentive The Art of Winning
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- Entrepreneurship
In today's The Art of Winning episode, our host Ashton Levarek shares a groundbreaking strategy for high-net-worth individuals aiming to reduce their tax liabilities and achieve wealth accumulation. By leveraging the vacation rental tax incentive, you can unlock substantial tax advantages. The key is to invest in a short-term rental property and actively manage it, qualifying you for both active and passive income depreciation. Ashton emphasizes the importance of partnering with a real estate investor-friendly CPA to maximize your tax benefits. Furthermore, if your spouse is a stay-at-home or part-time worker, involving them in the property management can further optimize tax savings!
To learn more about Ashton, listeners can visit his website at Valkere Investment Group!
[00:00 - 05:03] Maximizing Tax Benefits through Short-Term Rentals
Short-term rentals offer a lucrative combination of cash flow, tax benefits, and appreciation. Active management of your Airbnb property qualifies you for the vacation rental tax loophole. Seek a real estate investor-friendly CPA to guide you through the complex tax code and optimize your savings. Actively participating in managing your rental property allows you to apply depreciation to both active and passive income. Involve your spouse in property management to further reduce tax bills and enhance tax benefits.
[05:03 - 12:02] Amplifying Wealth through Strategic Investments
· Invest passively in other real estate projects to generate additional tax benefits and leverage tax depreciation.
Combine active participation in short-term rentals with passive investments to maximize your tax savings and wealth accumulation. Implement technology, automation, and a reliable team to efficiently manage your Airbnb property in minimal time. Educate yourself on the tax incentives provided by the government for real estate investments. Leverage the knowledge shared in resources like "Tax-Free Wealth" by Tom Wheelwright to understand and apply tax strategies effectively.
Connect with Ashton!
Website: Valkere Investment Group
LinkedIn: Valkere Investment Group
Want to learn more about creating multiple income streams, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn, or wherever you get your podcasts!
Key Quotes
"It's not how much you make, it's how much you keep that matters." –Ashton Levarek.
In today's The Art of Winning episode, our host Ashton Levarek shares a groundbreaking strategy for high-net-worth individuals aiming to reduce their tax liabilities and achieve wealth accumulation. By leveraging the vacation rental tax incentive, you can unlock substantial tax advantages. The key is to invest in a short-term rental property and actively manage it, qualifying you for both active and passive income depreciation. Ashton emphasizes the importance of partnering with a real estate investor-friendly CPA to maximize your tax benefits. Furthermore, if your spouse is a stay-at-home or part-time worker, involving them in the property management can further optimize tax savings!
To learn more about Ashton, listeners can visit his website at Valkere Investment Group!
[00:00 - 05:03] Maximizing Tax Benefits through Short-Term Rentals
Short-term rentals offer a lucrative combination of cash flow, tax benefits, and appreciation. Active management of your Airbnb property qualifies you for the vacation rental tax loophole. Seek a real estate investor-friendly CPA to guide you through the complex tax code and optimize your savings. Actively participating in managing your rental property allows you to apply depreciation to both active and passive income. Involve your spouse in property management to further reduce tax bills and enhance tax benefits.
[05:03 - 12:02] Amplifying Wealth through Strategic Investments
· Invest passively in other real estate projects to generate additional tax benefits and leverage tax depreciation.
Combine active participation in short-term rentals with passive investments to maximize your tax savings and wealth accumulation. Implement technology, automation, and a reliable team to efficiently manage your Airbnb property in minimal time. Educate yourself on the tax incentives provided by the government for real estate investments. Leverage the knowledge shared in resources like "Tax-Free Wealth" by Tom Wheelwright to understand and apply tax strategies effectively.
Connect with Ashton!
Website: Valkere Investment Group
LinkedIn: Valkere Investment Group
Want to learn more about creating multiple income streams, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn, or wherever you get your podcasts!
Key Quotes
"It's not how much you make, it's how much you keep that matters." –Ashton Levarek.
14 min