The Truth About 1031's w/ Ryan Bakke

Bill Faeth Unfiltered

May 21, 2024•24 min•Ep. 139

--:--

Listen in podcast apps:

Listen to this episode in Metacast mobile app

Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclass

In this episode of STR unfiltered, host Bill Faeth and guest Ryan Bakke, a CPA and real estate investor, share insights into the complexities of real estate investments, taxes, and maximizing returns. Ryan, renowned for saving Bill nearly $2 million in taxes, discusses the strategic tax benefits of investing in real estate, the impact of legislation like the cost segregation bill, and tactics to leverage tax refunds and deductions. The conversation also delves into the pitfalls and pressures of 1031 exchanges, the concept of a 'lazy 1031', and the importance of financial planning, liquidity, and carefully navigating investments to ensure financial security and optimize tax positioning. The duo underscores the importance of tailored advice, considering individual financial situations, goals, and risk tolerance in the dynamic landscape of real estate investment.

00:00 Introduction to STR Unfiltered with Bill Faith

00:15 Meet Ryan Bakke: The Tax Whiz Saving Millions

00:38 Deep Dive into Tax Strategies and Real Estate Investing

02:30 Navigating Tax Refunds, Amendments, and Financial Planning

05:32 The Intricacies of 1031 Exchanges in Real Estate

13:57 Strategic Portfolio Management and Financial Discipline

19:09 The Impact of Market Dynamics on Real Estate Investing

23:18 Closing Thoughts and Contact Information

➡️ Connect with us:

• Join Our Facebook Group: https://www.facebook.com/groups/284886002732508

• Check Out Our website: https://buildstrwealth.com/

• Bill’s Instagram: https://www.instagram.com/billfaeth73

• Brea’s Instagram: https://www.instagram.com/breafaeth/

• TikTok: https://www.tiktok.com/@bfaeth

On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.