how I got the IRS to pay me to start a business

SUMMARY

Colin Yurcisin shares how he secured $150,000 at 0% interest from banks via business credit cards and used tax write-offs for Airbnb and Turo businesses, effectively getting the IRS to subsidize startup costs.

CORE INFORMATION

Colin Yurcisin explains his strategy for obtaining $150,000 in business credit from banks at 0% interest for 12 months, emphasizing the need for due diligence and building a personal credit file first. He details the sequence of applying for cards: starting with the American Express Business Platinum to establish a relationship, followed by the Amex Business Plus and Business Cash, where he doubled up on approvals with minimal inquiries. He notes that Amex often approves 3x credit limit increases upon request, and across these cards, combined with strong banking relationships like five seasoned Chase business accounts, he accessed the full amount. For Chase, he applied for the Ink Unlimited and Ink Cash cards through a relationship manager to bypass automated systems and secure high limits, as outlined in his previous video guide.

Shifting to the businesses funded partly by this credit, Yurcisin describes his Airbnb investment in a Fort Lauderdale single-family home purchased with an investment loan. He utilized bonus depreciation and a cost segregation study to write off about 30% of the purchase price in year one, qualifying for passive losses after his wife met real estate professional criteria, resulting in a $150,000 tax deduction. This effectively made the IRS subsidize the business startup. The property generates $4,000 to $6,000 monthly profit after mortgage and expenses, with proof from management reports showing $5,178 in one month at an average $391 nightly rate, projecting $48,000 annual income on the low end.

For the Turo car rental business, Yurcisin bought a 2022 Tesla Model X Plaid for $169,000 with $15,000 down, writing off the full purchase price via Section 179 bonus depreciation, despite the car's value dropping to around $85,000. This provided another massive tax benefit alongside the Airbnb write-off. The vehicle earns about $2,000 monthly profit on Turo, with data from March to May confirming this average. He funded the down payment and furnishings using the 0% credit cards, employing his retired mother to furnish the Airbnb for $5,000, and plans to repay cards with business profits while keeping personal capital in high-yield investments like Bitcoin.

IDEAS

Banks provide 0% interest business credit if credit file is built properly.
Sequence matters for card approvals to minimize inquiries and maximize limits.
Amex Platinum opens door for additional cards with single credit pull.
Requesting 3x credit limit from Amex often succeeds post-initial approval.
Chase offers highest limits via relationship manager applications.
Qualifying as real estate professional unlocks passive loss deductions.
Bonus depreciation allows 30% home write-off via cost segregation.
Airbnb profits cover mortgage and yield $4,000-$6,000 monthly net.
Section 179 enables full vehicle purchase price tax deduction.
Turo rentals generate $2,000 monthly profit on luxury cars.
Use 0% credit for down payments to preserve personal capital.
Employ family for business tasks like furnishing to leverage cards.
Rich leverage debt for assets, repaying with income streams.
IRS subsidizes businesses with machinery via bonus depreciation.
Combine tax write-offs with cash flow for double profit mechanism.
Bitcoin mining qualifies for similar equipment-based tax benefits.
Seasoned bank accounts with balances improve credit access.
Deploy personal funds in bull markets like Bitcoin for growth.
Cost segregation study maximizes real estate depreciation claims.
Turo business offsets car payments with rental revenue.

INSIGHTS

Strategic credit sequencing builds leverage without excessive inquiries.
Tax qualifications transform investments into government-subsidized ventures.
0% financing preserves liquidity for high-return personal investments.
Real estate professional status unlocks passive income tax advantages.
Bonus depreciation accelerates write-offs for immediate financial relief.
Business credit cards enable asset acquisition without personal capital.
Rental platforms like Airbnb and Turo combine cash flow and deductions.
Leveraging debt perpetuates wealth by acquiring income-generating assets.
Family involvement in operations optimizes expense management creatively.
IRS incentives reward equipment-heavy businesses with substantial savings.
Profitable ventures repay borrowed funds while building equity.

QUOTES

"I'm going to show you exactly how I got the IRS to pay me to start a business."
"The banks went ahead and they gave me $150,000 at a 0% interest rate for 12 months."
"You have to do some due diligence and you have to build out your personal credit file first."
"MX is really likely to approve you for 3x the credit limit you're approved for when you call in."
"Chase is one of the best tier one banks in America, and they are known to give the highest limits."
"I was able to write off around 30% of the purchase price of the home with bonus depreciation."
"This Airbnb specifically earned me $4 to $6,000 per month in profit after I paid my mortgage."
"I was able to write off that full 169K with section 179 bonus depreciation, which was massive."
"This car since I've put it on Turo... comes out to about $2,000 per month in profit."
"The rich continue to get rich because they continue to borrow against they leverage debt to buy more assets."
"The IRS literally will pay you money to open up certain businesses, real estate, Bitcoin mining, Turo."
"You basically get to profit twice."
"I retired her in 2020, and now she does little things like Airbnb and stuff whenever I need her to."
"I'd rather have my personal capital deployed in stocks, in Bitcoin, in ETFs, and be working for me."
"We'll help you point the right one for you."

HABITS

Builds personal credit file methodically before business card applications.
Applies for cards in specific sequence to minimize credit inquiries.
Requests credit limit increases immediately after initial approvals.
Consults tax advisors for qualifying as real estate professional.
Purchases investment properties with loans for depreciation benefits.
Hires management companies for Airbnb to handle operations.
Lists vehicles on Turo promptly after purchase for revenue.
Uses 0% credit for down payments and furnishings strategically.
Employs family members for cost-effective business tasks.
Repays cards with business profits before interest accrues.
Deploys personal capital in high-growth assets like Bitcoin.
Maintains multiple seasoned bank accounts with substantial balances.
Leverages debt to acquire cash-flowing assets consistently.
Tracks monthly profits from rentals to ensure viability.
Books discovery calls for personalized credit guidance.

FACTS

American Express often approves 3x credit limit upon request.
Chase Ink cards provide high limits through relationship managers.
Bonus depreciation allows 30% write-off on investment home prices.
Real estate professionals qualify for passive loss deductions.
Airbnb property averaged $391 nightly rate in Fort Lauderdale.
Tesla Model X Plaid 2022 bought for $169,000 now worth $85,000.
Section 179 permits full vehicle purchase price tax deduction.
Turo rentals yielded $2,000 monthly profit from March to May.
Single-family home down payment was 20% or $150,000 total.
Furnished entire Airbnb house for $5,000 using business card.
Bitcoin mining business started 100% with bank money services 90 clients.
IRS offers write-offs for machinery in real estate and rentals.
Passive losses provided $150,000 deduction in first year.
Car monthly payments are $1,500 with revenue covering them.
Five Chase business accounts seasoned with significant funds.

REFERENCES

Free guide on building personal credit file (previous video on channel).
American Express Business Platinum card.
Amex Business Plus card.
Amex Business Cash card.
Chase Business Ink Unlimited card.
Chase Business Ink Cash card.
Airbnb platform for short-term rentals.
Turo platform for car rentals.
Tesla Model X Plaid 2022 vehicle.
Cost segregation study for real estate.
Section 179 bonus depreciation tax rule.
Investment property loan for single-family home in Fort Lauderdale.
Management company for Airbnb operations.
Bitcoin mining company (past video on channel).
Credit class for students (offered via link).
Credit discovery call with team (booking link in description).

HOW TO APPLY

Watch free guide video to build personal credit file first.
Apply for Amex Business Platinum to establish relationship.
Immediately apply for Amex Business Plus after Platinum approval.
Follow with Amex Business Cash for additional credit access.
Call Amex number to request 3x credit limit increase.
Apply for Chase Ink Unlimited via relationship manager.
Submit Chase Ink Cash application through same manager.
Purchase investment property with loan for Airbnb setup.
Conduct cost segregation study for bonus depreciation write-off.
Qualify as real estate professional via tax advisor consultation.
List home on Airbnb and hire management for operations.
Buy vehicle like Tesla for Turo with down payment from credit.
Claim Section 179 deduction for full vehicle purchase price.
List car on Turo immediately to generate rental revenue.
Use 0% credit for down payments and furnishings only.
Repay cards with monthly business profits before 12 months.
Deploy personal capital in Bitcoin or stocks during bull market.
Maintain multiple bank accounts with seasoned balances.
Book credit discovery call for personalized application help.
Leverage debt for assets while minimizing personal outlay.

ONE-SENTENCE TAKEAWAY

Leverage 0% bank credit and IRS tax write-offs to start cash-flowing businesses without personal capital.

RECOMMENDATIONS

Build credit file thoroughly before pursuing business cards.
Sequence Amex applications to minimize hard inquiries effectively.
Request 3x limit increases from Amex post-approval promptly.
Use Chase relationship managers for highest credit limits.
Consult tax advisors to qualify as real estate professional.
Perform cost segregation studies on investment properties.
Invest in Airbnb for combined tax benefits and profits.
Purchase depreciable vehicles for Turo rental income.
Fund down payments with 0% interest business credit.
Employ family for low-cost operational tasks like furnishing.
Repay credit using business-generated profits strategically.
Keep personal funds in high-growth assets like Bitcoin.
Explore bonus depreciation for machinery-heavy businesses.
Start Bitcoin mining with bank financing for tax advantages.
Track rental revenues monthly to optimize cash flow.
Book expert calls for tailored credit deployment plans.
Maintain seasoned bank accounts with substantial deposits.
Avoid selling assets during bull markets unnecessarily.
Combine multiple write-offs for maximized tax savings.
Scale to multiple properties for amplified passive income.

MEMO

Colin Yurcisin, a savvy entrepreneur, reveals a blueprint for turning government incentives and bank financing into profitable ventures. By securing $150,000 in 0% interest business credit cards from American Express and Chase, he funded down payments and furnishings for an Airbnb property and a Turo car rental without dipping into personal savings. This approach, detailed in his video, underscores how strategic credit building and application sequencing can unlock substantial capital, emphasizing the importance of established banking relationships to bypass automated approvals.

The core of Yurcisin's strategy involves tax write-offs that effectively make the IRS a silent partner in business startups. For his Fort Lauderdale investment home, a cost segregation study enabled a 30% bonus depreciation write-off, amplified by qualifying as a real estate professional through his wife, yielding a $150,000 first-year deduction. This passive loss offset taxes, while the property generates $4,000 to $6,000 monthly profit after expenses, averaging $48,000 annually. Proof from management reports highlights $5,178 in one month's net cash, proving the model's viability.

Complementing this, Yurcisin's Turo business with a 2022 Tesla Model X Plaid leverages Section 179 for a full $169,000 purchase price deduction, despite the car's depreciated value. Down $15,000 from credit, it earns $2,000 monthly, covering $1,500 payments and turning a profit. He creatively involved his retired mother to furnish the Airbnb for $5,000 using the card, repaying with revenues to avoid interest, all while preserving personal capital for Bitcoin investments in a bull market.

Yurcisin extends this philosophy to wealth-building: the affluent leverage debt for assets, repaying via income streams without liquidating holdings. He warns of due diligence needs and advises consulting tax professionals, as he's not one. Similar tactics applied to his Bitcoin mining firm, started fully on bank money and now serving 90 clients, illustrate scalable opportunities in depreciable equipment like real estate or rentals.

Ultimately, this method profits twice—through cash flow and tax savings—inviting viewers to his credit class or discovery calls for guided implementation. Yurcisin's daily video streak promises ongoing insights, urging subscriptions for more on financial game-changers.