Most people think making more money is the answer

54.7K views6 months ago0m 6sScore: 75

Michael Chang

Pricing & Profitability
intermediate
Tax Strategy
Profitability
Expenses
Bookkeeping

Summary

The video highlights the potential tax benefits of investing in short-term rentals, specifically using the 1-7-1 method (stays under 7 days, 100 hours active participation, bonus depreciation, and cost segregation) to offset W-2 income through paper losses from the property. This strategy aims to build wealth efficiently without requiring a large portfolio or quitting your job.