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.
Being Nobodies to Knowing Industry Giants with Ryan and Cory from the Weekly Juice Podcast
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.