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Updated 1 day ago,

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6
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2
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Jessica Pratt
2
Votes |
6
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Tax free income from rentals

Jessica Pratt
Posted

I've read several of the the Rich Dad Poor Dad books. He talks about taking out loans on the properties for your income because loans aren't taxable. Does this really work and how do you make the strategy viable? The only way in my head I can see to make this work is if you ladder the payoffs and loans. But that doesn't erase the fact that the rental income received is taxable. Is this is a viable strategy, is there a good resource to learn more about this?

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