All Forum Posts by: Account Closed

I'm reading everyone's points. Perhaps I should've been more clear and specific on details. Use the following:

$6M in stocks

$2M residence

$2M Savings

Don't want to say a number completely unachievable. Let's say I want to turn this into $30-40 million in the next 20 years, without liquidating everything, is there a way to leverage these assets to reach that goal?

I completely understand preservation of capital is key with this much money so I would never take a risk I couldn't swallow. Any thoughts? Achievable not achievable?

What are some actionable steps if so? Anyone specialize in aiding high net worth individuals to exponentially increase their worth using real estate? Grateful for any advice/connections anyone can pass along.

Thanks.

Let's say "someone" has access to $7-10million in investable assets.

How would you go about investing this strategically to reach $20M in 5-10 years?

Thanks.

There are many real estate oriented CPA's commenting on the tax forum who you can approach. 

CPA prices can vary obviously on who you are dealing with and size of the firm. It would be recommended to ask for a consultation and shop around before making a decision.

There are a plethora of tax professionals you can find commenting on the tax forum.

If an individual purchases a rental property and incurs expenses for property management, maintenance, and mortgage interest, how are these expenses typically treated for tax purposes, and what impact do they have on the individual's taxable income from the rental property?

The 2023 expenses would go on Schedule E in 2024.

There are many tax providers you can locate on this forum to help you out.

Are you open to SDIRA's nationwide?

There are many advantages of investing in real estate.