Comment “WEALTH” and I’ll show you how I did it step by step 👇 #realestateentrepreneur
661 views5 months ago0m 38sScore: 80
Michael Chang
intermediate
Tax Strategy
Profitability
Summary
The host explains the tax benefits of owning and materially participating in short-term rentals. By owning and operating short-term rentals and materially participating in the business (over 500 hours per year), one can use depreciation, mortgage interest, and operating expenses to deduct against their W-2 income, leading to significant tax savings and wealth building.