All Forum Posts by: Travis Smith
Travis Smith has started 1 posts and replied 3 times.
Anybody else concerned about the future of commercial real estate with the coming robotics and AI?
Quote from @Travis Smith:
Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses. But I will have over a million in pure gross income coming in 25. Plus I may also sell some of my least favorite fields that I would want to 1031 into investment properties. This could be as much as $5 million if I decide to.
I DO NOT want anything to do with managing rental properties.
Is it worth getting into real estate investments that’s professional managed primarily to avoid taxes? I don’t want much if any involvement because I’ll be doing other things.
Thank you for your thoughts.
Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses. But I will have over a million in pure gross income coming in 25. Plus I may also sell some of my least favorite fields that I would want to 1031 into investment properties. This could be as much as $5 million if I decide to.
I DO NOT want anything to do with managing rental properties.
Is it worth getting into real estate investments that’s professional managed primarily to avoid taxes? I don’t want much if any involvement because I’ll be doing other things.
Thank you for your thoughts.