The Nick Huber Show Ep 170: Why real estate should be the end goal for every entrepreneur
Nov 18, 2024
Real estate is presented as a crucial long-term goal for entrepreneurs. Starting a small business can generate the cash needed for initial real estate investments. The benefits of tax strategies, such as bonus depreciation, are highlighted, along with the appeal of low-stress investments like self-storage facilities. Additionally, investing in smaller properties can offer substantial tax advantages. Combining skills from service businesses can also lead to success in niche real estate markets, paving the way for financial growth.
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Real Estate Planning
- Include real estate in your 5- and 10-year business plan.
- Real estate offers unique advantages over traditional businesses.
Niche Real Estate
- Real estate has many niche areas beyond typical categories.
- Nick Huber focuses on rural, remotely operated self-storage.
Real Estate Tax Advantages
- Real estate offers significant tax advantages, like depreciation and interest expense write-offs.
- Bonus depreciation allows writing off a large portion of the purchase price immediately.
