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

1.4K views6 months ago0m 41sScore: 70

Michael Chang

intermediate
Tax Strategy
Expenses
Profitability

Summary

This video discusses the use of short-term rentals to reduce or eliminate tax burden through cost segregation studies, bonus depreciation and material participation. The creator shares that with their property, they could deduct over $320,000 in year one from depreciation, mortgage interest, and operating expenses and saved $94,547 in taxes while building their STR portfolio.