In this episode, I bring on guest Karan Narang to discuss the exciting world of short-term rentals.
Karan, known as the “king of short-term rentals,” shares his journey of transitioning from a consultant in the pharmaceutical supply chain space to focusing on his investments in short-term rentals.
Together, we delve into the motivation behind investing in real estate, particularly short-term rentals, to save on taxes and create a better work-life balance. Listeners gain insights into the benefits and strategies of this lucrative investment avenue.
KEY POINTS FROM THE EPISODE:
1️⃣ Real estate professional status is generally not an option for immigrants, but short-term rentals offer an alternative avenue for investment and income. ????????
2️⃣ Karan Narang, the guest, shares his personal story of transitioning from a consultant to a full-time short-term rental investor. ????????????
3️⃣ The motivation behind investing in real estate, particularly short-term rentals, is to save on taxes and maximize income. ????????????????????
4️⃣ There is an unfair advantage given to real estate investors by the US government, offering various tax breaks and incentives to business owners in the industry. ????????
5️⃣ Short-term rentals became Karan’s niche as it provided a loophole for tax savings, especially for those who can’t quit their W-2 jobs to pursue other types of real estate investments. ????????????
CONTACT AVISHKAR:
LinkedIn: www.linkedin.com/in/avishkar-sabharwal-m-d-1ab85491/
Website: www.theimmigrantdoctor.com
CONTACT AVISHKAR:
LinkedIn: https://www.linkedin.com/in/jerry-miles-193934194/
Email: jerry@adventurecomcap.com
Phone Number: 859-835-4513