11: Commandment #10: Purchase Tax-Favored Assets (Never Get Bored With Taxes)
Update: 2019-10-23
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Real estate is the most tax-favored asset in America. Most people tend to get bored with the subject of taxes, but this is a major mistake for property investors! Do not get bored with taxes. Taxes should be exciting to you (wait until you see how much money you can save by owning income properties!). Tax structures favored by real estate investors – such as the “1031 Exchange” – can accelerate your wealth-creation to an whole new level. Non-cash tax write-offs and deductions are real money going back into your pocket – and once again, real estate offers the best of both.
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