321: Short Term Rental Loophole with Thomas Castelli

<p>Thomas Castelli, CPA is a Tax Strategist and real estate investor who helps other real estate investors keep more of their hard-earned dollars in their pockets and out of the government&#39;s *DISCLAIMER - We are not giving any financial advice. Please DYOR* <strong>(00:00 - 02:21) Opening Segment</strong> - Thomas is introduced as the guest Host - Thomas shares something interesting about himself <strong>(02:45 - 36:05) Short-Term Rental Loophole</strong> - Thomas shares his first investment and how it worked out for him - Thomas shares what kind of real estate he invests in now - What is the limitation for passive investors when taking advantage of depreciation - Does it make sense to invest in short-term rental now? - How Using the STR Loophole can save you 5-6 figures in taxes <strong>(36:38 - 39:32) Fire Round</strong> - Thomas shared if he would change his investment strategy - Thomas also shares his favorite Finance, real estate book, or any related book - Also Thomas shared about the website and tools that he can recommend - Thomas&#39;s advice to beginner investors - Also shared how he gives back <strong>(39:32 - 40:22) Closing Segment</strong></p> <p>-If you want to learn more about the discussion, you can watch the podcast on<a href="https://youtu.be/99ZW59KJCuE">⁠⁠⁠⁠⁠ Wealth Matter’s YouTube channel ⁠⁠⁠⁠⁠</a>and you can reach out to Alpesh using this <a href="https://wealthmatrs.com/contact/">⁠⁠⁠⁠⁠link⁠⁠⁠⁠⁠</a>.</p> <p><br></p> <p><br></p> <p>Check us out at:</p> <p>Facebook: <a href="https://www.facebook.com/wealthmatrs/">⁠⁠⁠⁠⁠@wealthmatrs⁠⁠⁠⁠⁠</a></p> <p><a href="https://www.instagram.com/wealthmatters.ig/">⁠⁠⁠⁠⁠IG: @wealthmatrs.ig⁠⁠⁠⁠⁠</a></p> <p><a href="https://www.tiktok.com/@wealthmaters">⁠⁠⁠⁠⁠Tiktok: @wealthmatrs⁠⁠</a> </p>