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.

I was living abroad buying/selling real estate mostly land, and some land with structures.

For example, if you buy a home for 100k, and then improve the property and now it is worth 200k. 

I’m currently house hacking and planning to buy my next property in about 6 months.

The LLC sells the subject property and buys, for example, 3 replacement properties in a 1031 exchange. 

@Anthony Zotto unless you have a LOT of landlording experience, do NOT buy w/o tenants signing a lease!

The current average rent on the new buy is $925.

Buy your next property with all cash, fix it up with cash, and then do a cash-out refinance afterward.

Buy in a market not too far away, 30 to 1 hr from a decent city center where values are reasonable and a city push out with help your rent and appreciation. 

I am looking to buy a 2 or 3-unit home in NYC.