3min 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

Should I Start an LOC to Buy a Property or Should I Buy It in My Own Name?

If you're going to get depreciation over 27 and a half years, and you took a lot of it up for int, that would mean that the period of time you can take that depreciation is shortened. And what that means is is that it creates a positive addiction. So i call it a positive diction, because i think an addiction of building more wealth is such a bad idea. Whether the property is in l c or whether it's in your own name, you get the same tax treatment.

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