AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright
BiggerPockets Real Estate Podcast
What's the Purpose of an Asset?
The minute that you say, taking on more debt means you have less risk, bells are exploding in your head. The purpose of income is to create cash flow. What's the purpose of a liability? A purpose of liabilities to buy an asset. If you're secure in the asset is going to produce income, why wouldn't you want to take on the debt? It's really a function of the asart, not the debt.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode