Updated 11 months ago on . Most recent reply
Maybe one of the most tax efficient ways to build your wealth?
Too many entrepreneurs make good money each year but pay Uncle Sam 35-50% of it.
It takes a long time to build a massive wealth snowball when 1/3 to 1/2 of your snow gets chopped off each year.
Real estate can help with this.
The best model I've seen is:
1. Earn cashflow from entrepreneurship.
2. Buy real estate as a "real estate professional."
3. Book losses through bonus depreciation.
4. End up with all cash and little to no tax.
Your wealth snowball ends up a lot larger 10 years down the road when you make and keep your money in a more tax efficient way.