Brian Boyd
👤 SpeakerAppearances Over Time
Podcast Appearances
And real estate is a strategy.
Just like owning a small business out there is a strategy.
Let's just take a small business, for example.
Let's say you buy a laundromat.
Okay, well, it's typically passive.
You're not in there washing somebody else's clothes for them.
They're in there putting their own quarters in.
Well, you have depreciation of the machines, right?
Well, you can expense that in one year under Section 168K.
Well, that's a huge deduction.
And it's a cash business, so you're putting cash in, like, every day into your bank account.
So...
It's a great way to create deductions and passive income.
No, you're absolutely right.
And, you know, just a little bit of a side note here.
I got into real estate through owning a laundromat.
Yeah, I was out turkey hunting one day with a buddy of mine who's a client also.
And he he builds laundromats.
That's his business.
And he owns three of his own.