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15min chapter
POWC #600 – Investing in Car Washes with Whitney Elkins-Hutten
Pillars Of Wealth Creation
Long-Term Investing and Tax Strategies
This chapter explores the concept of holding properties for a long period of time and the benefits of using cost segregation analysis for accelerated depreciation. The speakers discuss investors' preferences for long-term or short-term investments and the potential tax savings in the initial years. They also highlight the need to understand real estate strategies and the power of compounding for long-term wealth.
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