2min chapter

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569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

BiggerPockets Real Estate Podcast

CHAPTER

Five Steps to Eliminating Taxes From Real Estate Deals

You've got to develop that strategy, right? And typically we find that's going to take anywhere from three to six months, just developing the plan. So you've got o start by developing the plan, but you need a team. Then the second part is a really long term so remember that you talk a little bit about flipping properties. That's great. That's not an investment. That's a business. You are actively managing flipping properties. You're more like a developer than you are like a landlord,. Ecause you're not just leasing these out. i love the long term rentals, which is what robe likes because, a, you get the depreciation, which you don't

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