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Updated 3 months ago,
Is this one of the best ways to build long term wealth?
This is the simple playbook that tons of Americans have used to build wealth over the last 2 decades:
1. Earn free cashflow from their business.
2. Invest their personal profits into real estate.
3. Do a cost seg study and take bonus depreciation to offset other income. (This works best when you or your spouse are RE pros)
4. End up with a lot of cash and little to no tax each year.
5. Make more money, buy more buildings, and repeat.
These folks have compounded their wealth significantly faster than their W2 counterparts since they don't lose 30-50% to taxes each year.