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Updated about 1 year ago on .

User Stats

95
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77
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Melanie Baldridge
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77
Votes |
95
Posts

Being RE PRO is worth it.

Melanie Baldridge
  • -
Posted

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.

This is exactly what real estate professionals have learned to mitigate.

To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.

Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.

Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.