Podcast Appearances
And I have some money in my 401k, but I've worked with some financial people. And it seems like if I take this property and pay the depreciation and the capital gains and put the money into an IRA, I will leave more money for my kids in 25 years than if I hold on to the property.
And I have some money in my 401k, but I've worked with some financial people. And it seems like if I take this property and pay the depreciation and the capital gains and put the money into an IRA, I will leave more money for my kids in 25 years than if I hold on to the property.
And I have some money in my 401k, but I've worked with some financial people. And it seems like if I take this property and pay the depreciation and the capital gains and put the money into an IRA, I will leave more money for my kids in 25 years than if I hold on to the property.
Because I've been told in the past that it would spread out the depreciation of capital gains and I wouldn't have to pay the taxes. One year I could spread it out over the length of the loan.
Because I've been told in the past that it would spread out the depreciation of capital gains and I wouldn't have to pay the taxes. One year I could spread it out over the length of the loan.
Because I've been told in the past that it would spread out the depreciation of capital gains and I wouldn't have to pay the taxes. One year I could spread it out over the length of the loan.
It brings in about $9,400 a month.
It brings in about $9,400 a month.
It brings in about $9,400 a month.
I've been doing it for 20 years. Yeah. And at one time I had two partners and 66 properties. We have split up and I'm down to 13 properties.
I've been doing it for 20 years. Yeah. And at one time I had two partners and 66 properties. We have split up and I'm down to 13 properties.
I've been doing it for 20 years. Yeah. And at one time I had two partners and 66 properties. We have split up and I'm down to 13 properties.
I've had it for 20 years, and of course, we paid $400,000 for it. We really made no money on it until now, because all of the money went to the mortgage.
I've had it for 20 years, and of course, we paid $400,000 for it. We really made no money on it until now, because all of the money went to the mortgage.
I've had it for 20 years, and of course, we paid $400,000 for it. We really made no money on it until now, because all of the money went to the mortgage.
Yes, they are. I'll keep five rental units that are completely paid for.
Yes, they are. I'll keep five rental units that are completely paid for.
Yes, they are. I'll keep five rental units that are completely paid for.
With my private real estate, it's about $2 million.
With my private real estate, it's about $2 million.