Charity And Donations As Part Of Strategy

[Nick Hammen]

I don't know if this is relevant, but I am new to the real estate game, and learning as much as I possibly can. I am planning to close on my first rental property by the end of this month. For the past year and a half, I have read several books, listened to numerous podcasts, and attended an abundance of webinars. I've been able to learn quite a bit, at least enough to have a basic starting point. One common theme I've noticed is the importance of allocating 10% of your monthly income or cash flow and donating it to causes or charities. The concept revolves around giving first to receive 4 folds. None of them go into detail as to why this is.

Is there a business reason behind this in terms of taxes or general good will? Does it make sense financially to implement this into a strategy, or is it just a moral concept? I'd like to hear from the community to get thoughts from current investors and the seasoned pros since this topic is covered over and over in almost everything I've been reading, but with no real reasons or incentives as to why.