@TKopelman@natesosa_CPA Why not Let tenants pay them off for you… Borrow against them if you need cash -tax free… leave them to your kids who’ll get a step up basis to market value. No tax! The IRR should beat almost anything. Appreciation, Amortization, Depreciation, Cash Flow & Equity Capture!
Twitter(X) is free education.
But 99% don’t know the best teachers.
Here is a list of the top financial planners you should follow to advance your learning:
Most people overlook property & casualty insurance
They get the minimum they need & call it a day
But lacking the proper insurances can be one of the fastest ways to losing your wealth
High net worth folks NEED to have the proper pieces in place
Here's what you need to know:
When you setup a business, you want to get a lot of the foundational pieces right
One of the most important being your entity election
Aka your tax election
Picking the wrong one can lead to tens of thousands more in taxes
So what are your options?
Cash is not trash when:
- it’s getting a yield
- it’s saved for emergencies
- it’s saved for other short term goals
- it has a purpose
Cash is trash when:
- it’s in a long term portfolio
- it’s in a retirement account
- it is in a check or savings account with no goal
- you have way too much on the sidelines
There's no such thing as "Get Rich Quick".
The quickest way to "Get Rich Quick" is to
*GET RICH SLOW*.
Follow Me, I'll show you how to build long term wealth that lasts.