Ken Coleman
👤 SpeakerAppearances Over Time
Podcast Appearances
What could you sell it for?
A million.
Okay, so you sell it for a million.
So what are the taxes owed if you sell this property?
They can visit you in jail if you want while you have these properties.
That could be fun.
Yeah, yeah.
You sell for a million.
What are your taxes owed?
There you go.
On the property sale, what will you owe in taxes?
Let's just guesstimate $200 in taxes for the property sale, $200 to pay back the IRS.
You have $600 left.
You can pay off your own mortgage with that.
They're going to seize your assets.
It's not a choice that you get to make of just avoiding paying taxes.
The question is, do you want to do it now on your terms or on their terms later?
And I'm telling you, you want to do it now on your terms.
So your real estate portfolio will go down to $3 million and you can wipe your tears with $100 bills.
I don't care.