In this episode, the Huddle Guys talk with Ryan Bakke CPA , Owner of MLS Consulting, PLLC, and a financial coach known as, ‘LearnLikeACPA.’ Ryan graduated from Trinity Chirstian College with degrees in accounting and finance. At the time he became a CPA, Ryan was the youngest licensed CPA in Illinois. Ryan began his career with one of the Big 4 accounting firms. He quickly decided that he wanted to focus his work with clients who wanted to build their wealth, and “change their family tree.”
Listen as the Huddle Guys and Ryan discuss considerations for the decision to become involved in real estate investing, coupled with the tax benefits available for those who make the decision. Their conversation reminds us that tax planning is a key factor in separating the rich from the poor. And Ryan simplifies that concept of tax planning by emphasizing that it is primarily an exercise in deferring the recognition of income and accelerating the recognition of expenses. Ryan also believes that real estate investing is NOT a ‘get rich quick scheme;’ it is a get rich scheme.
If you are trying to change YOUR family tree by making smart money moves, it’s time to Huddle Up!
