The Simple “Borrow til you Die' Tax Strategy
The Simple “Borrow til you Die' Tax Strategy
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The quickest and easiest way to avoid payroll taxes is through buying investment properties. We call it the…
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And if you run into an event like the 07-08 crisis, you lose everything and leave your family broke
A wise individual understands that building wealth involves making smart investments, strategic tax planning, and informed financial decisions. While the stock market presents opportunities for growth, successfully capitalizing on them requires both skill and expertise.
Reporting this video
Screw you dude can you sell a Ponzi
HI i am a subscriber from Australia. So is the app ( Rentalcostseg) applicable to Australia?
Wow…..simplicity at its highest! Thanks for breaking it down into simple terms. I will be calling you soon.
Bullish or bearish, AI stocks will still dominate 2024, even beyond. Why I prefer NVIDIA is that they are better placed to maintain long-term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
If you're already wrong in the first 15 seconds, why should I listen to you.
Our governments are not taking "nearly half" of our wealth. They are taking way over 90 %. Inflation is a tax as well, and it accumulates to "almost everything" instead of "nearly half". Do your homework. And study Bitcoin.
Dude is skipping way too much details, stop rambling… I would not consider this video as a reliable source of this topic…
Debt slavery, hell yeah. You are Not an idiot for playing their game, but in the long term, they own you. At least you got a sweet property out of it and the meth lab.
super
Frequent changes in the tax code are making it challenging to maintain my long-term investment strategies. Are there ways to structure my portfolio to be more resilient to potential tax adjustments?
Nice thumbnail 😂
You lost me at "the stock market is speculation". NFI.
Can someone explain how does borrow at high interest rates can make a living? The last example, if he cannot make enough during the year to cover interests and other living expenses, how the 550k deductible can be used? In order to pay the interest and other expenses, I am guessing he has to make 200k at least. What if he can not make that much during the year? What will happen?
Dude you need Dave Ramsey
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
It's all just a filthy cheat and lie system till you say NO!
See how simple that is.
I work!!!
My money is my money…period I work for only myself….period…Im Man of my word period…my GUN RIGHTS! Mine is MiNE!
Not taxed if you can explain the money….and are not narcotics, both medical or illegal
Isn’t cost segregation going away in 2027
My question is how did you come up with the initial down payment on the rental house
Key is “die”. If you don’t die, you still owe recapture taxes albeit at much lower cap gains. Didn’t know about the 100 rule though. Helpful
Let's see if I understand this: you apply depreciation on an appreciating asset? But that would increase your capital gains when you sell, compared to if you hadn't depreciated, right? But the idea is that it's up to your heirs so deal with that?
Nothing is 3x assets
Thank you for the video and great advice. 🤙🏽
Somebody send this to Dave Ramsey 😂
You're a leech, dude. Get a real job like a grown-up.
if i borrow 100k i don't pay tax on that borrowed money (that would be ridiculous) but I am paying the 100k i borrowed, the tax on the 100k and the interest to the bank. So what are you on about, saying "there's no tax on borrowed money" lol ?
Debt and obesity are very similar, they both require a lack of discipline and effort.
what could go wrong….??? !
As an ex IRS tax compliance officer, I would advise, proceeding with extreme caution
if only Canada had anything comparable… brutal here.
The tax code is severely messed up, when an honest primary income is taxed more aggressively than passive income
With all these deductions and having the home as a business, when you go to sell the property you'll have to deduct your sell price from your all the depreciation cost and if there is any left that's what you can pocket. This looks like a good opportunity for multifamily properties to run as a business but wouldn't it be better to gain the equity of the home and you can establish a trust for a alternative tax saving income?
Does this work in Canada
But you never mentioned how you came up with the $300,000.00 to do this investment for all the tax savings ! ! !
Tax savings are but a small fraction of what you need to put up front to gain the real estate, service the debt and everything else associated with that investment not to metion the risk involved if anything goes south and you don't have the positive cashflow to service all the debt!
It's fundamentally the same strategy used by most corporations.
Its not simple. The cost of capital needs to be considered. Real Estate is not cutting it right now.
Sorry I believe the deduction is different. If you bought a home for 100,000 your yearly deduction should be calculated as 100,000/29.5 years = $3,389.83/yr … So every year you are suppose to deduct $3,389.83 from your income.
The cheque i cut the government on my properties and investments are seriously eating into my project bufgets. It would hurt less if I received value for my taxes but healthcare still isn't cheap, my children's college tuition costs a small fortune, and my husband and I still have retirement to plan for. Right now the only solutioniwe see is to scale up my profits and with our limited knowledge, we are at a loss on how to do that.
This clown is probably too young to know what happened in 2008
How do you make the payment on the $1M loan when the money is invested in an index fund?
I got out of the real estate investing market about a year ago. I think its time to get into the stock market for a while. whats the best strategy to invest around 200K in this current market
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family..
7:39 Neither does it include the payments you'll be making on that $300k loan.
Where in the heck did you borrow 1M in 22 at 2.5% thats bonkers.
What am I missing. Anyone that has 1M liquid knows they can get far more than 2.5% roi on almost anything, right?