Top Highlights

• When I say high leverage, I am referring to using other people’s money. The key to wealth is the ability to leverage other people’s money and time. In real estate, you can literally have infinite returns on your investment because you can buy property using none of your own money. Even if you do use a down payment, it is not unusual to see cash-on-...
• Tax Benefits Boredom alert! If, like most people, you hate the subject of taxes, you may want to skip this section. However, these benefits are huge and make a big difference in your taxable income, so I feel it is important to spend just a little time in this area. The government needs landlords to help provide safe and affordable housing. For thi...
• Property Depreciation Depreciating property for tax deductions is a confusing subject for many investors. The IRS rules say that a property depreciates in value over time. The amount of time is considered the useful life, or life expectancy. The assumption is that if the owner of the property does not take care of it, the property will become worth...
• I personally need tax deductions, so my company owns my car and pays for all the gas and maintenance, but I need to keep track of personal miles used because that amount is not deductible.
• One idea that may help increase your chances of rapid appreciation is to buy in areas where the city has construction planned. You can research city development plans on the city’s website. People have become rich buying rentals along planned public transportation routes; however, it could take years for the city projects to be completed, so be pre...