Build Generational Wealth through Passive Income and Minimal Taxes with Ryan Bakke

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Ryan Bakke is the Owner of MLS Consulting PLLC.  They work with real estate investors in helping them build generational wealth using the Tax Code. He is a licensed CPA in the State of Illinois, financial literacy advocate, and Christian servant leader.  His leadership background consists of being caption of various sports teams competing at a very high level.

[00:01 - 02:42] Opening Segment

• Let’s get to know Ryan Bakke
• Athletic leadership background with an accountant's brain

[02:43 - 22:37] Build Generational Wealth through Passive Income and Minimal Taxes

• The moment Ryan shifted his mind to invest in real estate
• Passive Income When You’re not a W2 Employee
• Saving money through tax deduction
• Should corporations own real estate?
• Ryan’s accounting and finance background
• New W2 Real Estate Clients 
• Why People Shift to Short Term Rentals
• Short term and long term losses
• What is depreciation recapture and how does this lessen your tax responsibilities?

[22:38 - 29:14] THE FINAL FOUR

• What's the worst job that you ever had?
  • Pushing carts 
• What's a book you've read that has given you a paradigm shift?
  • The 7 Habits of Highly Effective People
• What is a skill or talent that you would like to learn?
  • Become handier
• What does success mean to you?
  • “Knowing that nobody in my family tree has to worry about money and that they can focus on their passion, their why, and what they were put on this earth to do. And to go further.”
• Putting actions behind your words
• Connect with Ryan. Links available below

Tweetable Quotes:

“If you invest in real estate, paying taxes can be optional if you have the right strategy in place.” - Ryan Bakke

“Real estate isn't a get rich quick scheme, but it's a get rich scheme.” - Ryan Bakke

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