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Brian Stillabower
  • Rental Property Investor
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Claim 0 Income Or Not?

Brian Stillabower
  • Rental Property Investor
Posted Jul 13 2020, 07:20

My wife and I are looking for our first investment property.

We plan on growing and becoming financially free.

Is it best to take the robert Kiyosaki spring and take as many deductions as possible to keep from paying taxes?

I read that can lead to a downside which will be the banks not lending due to your current properties not showing any income since you deducted it all.

I want to claim no income for tax reasons but I want the banks to see we are doing well and making money.

What’s the best strategy?

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