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Updated 11 months ago on . Most recent reply
Depreciation Works!!! - Thanks Jeff Nash - CPA
I got sick and tired of paying outrageous taxes so I did some research and found Tax Free Wealth by Tom Wheelwright. That lead me to real estate investing in April of '23. After starting out private money lending for a few months I realized I needed to own property. I am still a PML but now have 25 Units and reaping the benefits of the TAX code. For '23 Taxes I had a return of $45K after buying one house and running it as a STR. In '24 I bought 2 more houses and will most likely be banking depreciation! Real Estate is the "Do Do"! :) Thanks Tom and Robert K!
Jarrod
Most Popular Reply
Glad to help Jarrod! Making the transition from an employee to a business owner is very hard work but rewarding in the long run.