5 Talents Podcast - How To Build Wealth Through Real Estate

Ryan Carriere, CPA - Lower Your Taxable Income With Roth IRA

September 13, 2022 Abel Pacheco Episode 213
5 Talents Podcast - How To Build Wealth Through Real Estate
Ryan Carriere, CPA - Lower Your Taxable Income With Roth IRA
Show Notes

Ryan Carriere is a CPA who specializes in tax strategies for real estate investors. Not only he loves to bring a smile to his clients when they see a clear path forward to reducing their taxes with various strategies but is also a fellow investor himself. He owns all his properties with other partners in long-term rentals, Airbnb, and multifamily syndication investments. Seeing the lack of financial education growing up makes him passionate about financial independence and financial education for the next generation.  He discusses real estate strategies for individuals with a million dollars or more net worth. He says that real estate is one of the most versatile and profitable investments you can make, and thanks to tax cuts and the job act, it’s now even more advantageous for high-net-worth investors.

[00:00 - 12:13] Opening Segment

  • Introducing Ryan to the show!
  • Benefit from the help of a CPA firm that specializes in real estate

[12:14 - 25:26] Leverage Vacation Rentals To Build Wealth

  • Benefits of being a real estate professional
  • Cost segregation
  • Short-term rentals
  • Shifting income to children  

[25:27 - 37:13] Lower Your Taxable Income With Roth IRA

  • Additional expenses for your business may have lowered your taxable income
  • Meeting certain thresholds will not withhold your children’s income
  • Start your children early in their career
  • The IRS loves real estate investors

[37:14- 41:49] Closing Segment

  • Real estate can create more jobs and help the economy grow  
  • See the links below to connect with Ryan!

Quotes:

"My first and primary focus is to continue to pursue that financial freedom that is going to come about for my family, for multiple generations.” - Ryan Carriere, CPA

"It's not to me just about passing along money. It's about passing along education so that they can do it themselves." - Ryan Carriere, CPA

Connect with Ryan through LinkedIn, Facebook, Twitter & Website!

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