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26 September 2024 | 1 reply
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they 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 the best ways to end up with a much larger net worth at the end of your career.
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25 September 2024 | 17 replies
Some people hate debt and it reduces their quality of life to have it (for some all debt, for some only if that debt is not attached to an appreciating asset).
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27 September 2024 | 1 reply
Rent Collection - Savings account, as soon as I collect rent, I like to put it in a savings account to start earning interest.
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30 September 2024 | 46 replies
I will definitely be applying everything you mentioned.When you price down during off season does it positively or negatively affect your monthly earnings ?
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27 September 2024 | 66 replies
Pay a pm and the profit is significantly reduced 4) path of progress.
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27 September 2024 | 0 replies
This move addresses the growing power needs of data centers, which are increasingly relying on alternative energy sources to reduce carbon emissions.
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27 September 2024 | 18 replies
House hacking means getting a normal loan with 5% down, making sure you'll earn enough after costs, and looking for areas where it’s cheaper to start and renters are many.
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26 September 2024 | 10 replies
I have been working as a Mercedes-Benz Technician for over a decade now and I feel my earning potential has capped, especially with how the industry has changed for technicians over the years.
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26 September 2024 | 17 replies
But you can do just the same or even better raising truly organic produce without earning the "certified organic" label for marketing purposes.
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26 September 2024 | 8 replies
Not earning a high income I have slowly invested in duplexes over the years.