Comment “WEALTH” and I’ll show you how I did it step by step 👇 #realestateentrepreneur

Summary

This video discusses how buying an Airbnb and leveraging the STR tax loophole via a cost segregation study and material participation (500+ hours/year) can help reduce taxes and build wealth. The speaker mentions buying a short-term rental for $718,000 in May 2021, conducting a cost segregation study, and identifying $156,946 in bonus depreciation. This strategy enabled them to deduct over $200,000 in Year 1 and save $54,931 in taxes while generating an annual cash flow of $73,715.