Leveraging Investment Properties To Pay Less TaxesNov 15, 2021
I get 10 emails a day of "hey, buy this CVS, buy this carwash."
And it's a mediocre cap rate.
But if you're looking at a tax bill of $700,000, would you buy that car wash to make $1200 positive cash flow a month and not pay $700,000 in taxes? Absolutely.
Why wouldn't you? Would you rather pay Uncle Sam or would you rather have yourself having an income-producing property and be able to write those taxes off?
And that's how I feel about that duplex I invested in. I don't feel like it's the best cap rate or cash flow, but to be able to get some income for the next three to four to six, eight months instead of sitting with the accommodator. It makes sense.
And it can only sit with the accommodator for so long.
I think the big thing too, was him being able to reset his clock.
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