We have a friend who made over $275k last year & literally paid $975 in Fed & State due to legit deductions, tax deferred accounts, by exploiting known legal tax loopholes, & by structuring their finances in such a way to avoid everyday tax liabilities etc etc.Corporations do even better than that as taxes are based on profits NOT revenue. 

I Wanted to share a little of what motivates me to work to reach my real estate goals everyday.

Here's a clip from the article in the Gazette:  Colorado Springs continues to be one of the country’s hottest housing markets, a federal report released this week shows.Local home prices spiked 11% in the fourth quarter of 2019 when compared with the same period a year earlier, an increase that ranked No. 2 among the nation’s 100 largest metro areas, according to the Federal Housing Finance Agency.Only Boise City, Idaho, with a 12.7% gain in home prices, had a larger increase on a year-over-year basis, the agency’s report showed.

How to incorporate an heir into the Property Management Entity while ensuring heirs receive the step-up in tax basis.

A partnership generally requires the parties (at east two) to carryon a trade or business and implicates the sharing of bottom line profits and losses.Based solely on the above it sounds a little more like you are being compensated on a one time basis for services rendered rather than as a partner sharing in the profits and losses of a partnership. 

About the meet ups we get together on a weekly basis.

Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog 4.

Sale price was $196,000 and we offered $176,000 with $3100 in rents coming in and very few expenses besides taxes, insurance, etc..Cash on Cash basis was 14% so we didn't balk and got it financed.

*we were promised a copy of the examples given of the system used to find and how to walk through it, but on Saturday there were no copies or no mention of it*THERE ARE TWO MASTERY PROGRAM PACKAGES ONE FOR $30,000.00 AND ONE FOR $50,000.00.The only system you need is to find is an honest agent (always, always, always check the comps in the area..that is where I dropped the ball and I trusted Enterprise Realty and Carolyn Washington and never checked the comps).The second thing needed for a successful system is a great real estate attorney and Attorney Karen Walker was amazing, she urged me to get an inspection, if I had listened to my attorney and spent the $400.00, I would have never rehabbed that property and not taken that hit when I sold it.The third item needed to have a successful system is a good general contractor, make certain you check the better business bureau, Yelp, Google reviews do as much research as you can before you retain and if you find a good one still check the status everyday by going over there to the property.I will update this post with the name of the book I read.In closing, Fortune Builders is a SCAM, why do you need to pay 30-50,000 and still have to pay for your property, general contractor, attorney and materials!

But I still enjoy getting out and inspecting properties on a daily basis.