How Real Estate Investors Can Lower Their Tax Bill With Bob Russo (Ep 508)
Rental Income Podcast With Dan Lane
Release Date: 02/11/2025
Rental Income Podcast With Dan Lane
Larry Myer has been investing in rental properties for more than 40 years — and he’s seen it all. In this conversation, Larry shares the lessons that have stood the test of time, the mistakes he’s learned from, and the strategies that still work today. We talk about how a mentor helped him get started in the right direction and why having someone to guide you can be a game-changer in real estate. Larry also dives into a unique strategy he’s been using lately — buying fire-damaged homes. He explains how he finds these deals, what to watch out for, and how he turns them into...
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n this episode, we sit down with Kevin Hutnik, a Realtor who took his career to the next level—and used it as a launchpad for financial freedom. Kevin shares how he focused on mastering his real estate sales business, increased his income through commissions, and then took a disciplined approach: saving those checks to buy rental properties with cash. We delve into the mindset behind owning properties free and clear, and why that provides Kevin with a deep sense of financial security. ] He breaks down the numbers: how much rent he collects, what typical expenses look like, and what kind...
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n this episode, we sit down with an investor who's building a rental portfolio the smart—and simple—way. With a full-time job and real estate as his side business, he's focused on buying high-quality, move-in-ready homes in up-and-coming neighborhoods. These are properties in desirable school districts that need just a little TLC, not a full-blown rehab. He only buy rentals he’d be comfortable living in himself. We dive into his criteria for easy rentals and why quality and location matter more to him than deep discounts or fixer-uppers. We look at his portfolio more closely,...
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Hawk Mikado shares his experience renting properties by the room and how he doubled his cash flow using this strategy. We discuss why he prefers renting to people staying just a few months instead of locking in year-long leases, how he chooses the perfect properties, and the ideal number of bedrooms and bathrooms. Hawk also shares how he manages everything remotely, even while living in a different state. And of course, we dig into the numbers. Hawk opens his books and shows us exactly how much he’s making per property. Thanks To Our Sponsors: - Making the investment Mortgage process...
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On this episode, Jason shares his journey into college rentals and reveals the strategy behind his success. Jason breaks down what makes a great college rental, from targeting safe, student-friendly neighborhoods to dialing in the ideal bed/bath ratio. We dive into how he screens tenants, whether he uses individual or joint leases, and the unique methods he uses to fill vacancies fast, without turning his properties into the party house on campus. Thanks To Our Sponsors: - Making investment Mortgage process simple and stress-free. – Turnkey Rentals In Memphis & Little...
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Jeremy's income can vary from month to month. He never knows how much money he will earn. He occasionally has a bad month where he earns no income. In the good months, his paycheck covers his bills, but in the bad months, his rental income is there to cover his bills. On this episode, Jeremy shares how he generates over $7,000 monthly gross income with just a few rental properties. We talk about how Jeremy started by house hacking while still in college, and he shares how he has financed the rest of his portfolio. Thanks To Our Sponsors: - Protect your property against losses rent defaults,...
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Dennis shares that when he started buying rentals, he was a barber charging $13 for haircuts. On this episode, Dennis walks us through how he built his rental portfolio. Dennis shares how he saved the down payment money to buy his first rental, and the mistakes he made purchasing that property. Dennis also shares how the mistakes he made buying his first property helped him buy a better property for his next rental property. We discuss the criteria he uses to purchase a rental property and the importance of using leverage to build wealth. Thanks To Our Sponsors: - Making investment Mortgage...
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Sabhya started buying good properties in good neighborhoods. Everything was working great. The properties were making money, and the properties were easy to manage. Sabhya saw he could buy cheaper properties in a less-than-great area and earn better returns. After owning the properties, he found that the cheaper properties had higher expenses than he estimated, and he wasn't making the money he hoped. On this episode, we discuss some of Sabhya's issues and how to be successful with cheaper rental properties. Thanks To Our Sponsors: – Turnkey Rentals In Memphis & Little Rock. Instant...
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Bob started buying rentals three years ago. After building his portfolio to 33 doors, he realized that his properties had appreciated a ton, and he wanted to cash out and capture his equity. Six months later, he realized he made a mistake by selling and started repurchasing rentals. On this episode, we talk about how Bob sold his portfolio, why he decided to start investing in a different area, and what he's buying today. We also see how things worked out for him tax-wise by selling his portfolio. Thanks To Our Sponsors: – Invest in a $1.1 billion real estate portfolio, starting with as...
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Pat started buying rentals by house-hacking a 4-unit building while working as a server at the Olive Garden. He was living free and profiting several hundred dollars a month. After seeing that everything was working out, he bought more rentals using the BRRRR strategy. As he grew his portfolio, he found it was getting easier. He just kept buying more properties. On this episode, Pat shares what a perfect rental looks like, why he doesn't like 30-year mortgages, and how he financed his portfolio. We also look at Pat's numbers and figure out how he is earning over $1 million a year in rental...
info_outlineTaxes can be confusing and overwhelming. It's easy to tune it out.
Bob Russo is a CPA that works with a lot of investors. Bob thinks it's a good idea for investors to understand the basics of how taxes work so they can ask their CPA more concisely.
On this episode, we discuss the deductions every real estate investor should take, strategies for rental property investors to reduce their taxes, and how LLCs affect taxes.
https://rentalincomepodcast.com/episode508
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