The Weekly Juice Podcast
The Weekly Juice Podcast has been a guest on Collecting Keys, the real estate investing podcast hosted by Mike DeHaan, Dan Austin and Dylan Koch.
Weekly Juice Guys on Partnerships, Taxes and a 43-Unit BRRRBnB
Cory and Ryan from the Weekly Juice Podcast join Mike and Dan to talk about building a real estate portfolio and several side businesses while keeping full-time sales jobs. They cover how they split roles and money in their partnership, why they set aside 30% of income for taxes, and the structure of a 43-unit "BRRRBnB" deal they're LPs on. Dan also explains how he documents hours to claim real estate professional status alongside a W-2.
Key takeaways
- Cory and Ryan separate each venture (podcast, real estate, e-commerce) into its own LLC with its own bank account, split 50/50 on real estate and e-commerce and 33% each on the podcast with their producer.
- They hold back 30% of all incoming revenue for taxes and don't touch real estate cash flow, letting it build up in the account.
- Dan claims real estate professional status while holding a W-2 by documenting more than 2,080 hours a year in real estate using MileIQ for mileage and Google Calendar for meeting/time tracking; content creation alone doesn't count, but a meeting that led to a joint venture does.
- Hiring a CPA who does actual tax planning — not just filing — is worth the cost once you have multiple income streams; they interviewed several before choosing one.