Real Estate Tax Advantages

Real Estate tax advantages – earned income vs investment income.

If you want to get rich, you have to commit to creating wealth, not making money.

1) Commit

You will never become wealthy if you don’t commit to becoming wealthy. There are people that become rich by accident, but no one becomes wealthy by accident.

2) Job/Income

A lot of you are hating on jobs. How are you going to get someone to work for you if you believe in a 4 hour work week? It makes no sense.

3) Increase

You have to increase your income. You want to get it as high as possible. People always ask me what was the most important money that I’ve ever made—my first increase from K to K was. Why? Because I learned that I was in control of my income.

4) Investment Income

What’s the difference between earned income and investment income? Earned income comes from your job and the small increases and surges. It’s tied directly to your ability to produce. What’s the problem with it? If you stop working, there’s no paycheck.

Investment income, on the other hand, is a multiplier, is taxed differently, and keeps coming whether you work or not. Why do you think Real Estate is the most common asset class with all the wealthy?

Why the wealthy invest in Real Estate:

● Income – monthly checks
● Appreciation – This is tied to the job marketplace in the area.
● Depreciation – write down the value of the property to save
● Leverage – spent get – Use debt, but be extremely disciplined
● Tax Advantages

That’s what we do at Cardone Capital. We go after big deals that pay every month and appreciate over time.