How to Use Real Estate to Avoid Paying Taxes, Legally!
John Post
Tuesday, July 9, 2024
Have you ever heard that certain celebrities don’t pay taxes? It’s almost like they have some sort of secret formula or magic trick they keep under lock and key. How can it be fair that people worth hundreds of millions and even billions of dollars get such a perk?
The secret truth is that they don’t get that perk because they are wealthy. It’s how they became so wealthy in the first place!
And it isn’t a secret formula or magic trick kept in Area 51 either, but rather a combination of strategies put in place by accountants and lawyers. News flash, it’s not only lawyers and accountants of the super-rich who know these strategies. In fact, you’ve probably met someone using these exact strategies and you didn’t even realize it!
After all, how disappointed would you be to find out most of these strategies are as old as time. And that they mostly revolve around one thing.
That one thing is real estate.
I’ve put together a free report that explains several of these strategies in detail. One such strategy I will share with you right now is how you can use real estate to create tax free income. So much so that you won’t even know what to do with it.
But first, I’ll set the mood. Have you or anyone you know ever refinanced a home? A refinance happens when the borrower is trying to get a more favorable interest rate on their mortgage or borrow money against the equity in their home. My uncle refinanced his house twice, once to do renovations and another time to pay college loans for my cousin. Both times he got a check for about $40,000 TAX FREE.
Think about that, my uncle used the equity in his home to essentially write himself a check. But here lies the key difference between him and the super wealthy. He paid the loan back using his own money!
You see, he would refinance his house when he needed a safety net, not to get rich.
The super wealthy use that extra cash to buy more rental properties, not to pay their personal bills. Furthermore, they pay those loans off with other people’s money! The other people in these cases are their tenants who have willingly agreed to pay rent every single month.
Now, imagine you own a rental property worth $200,000 but you owe a $140,000 mortgage on it. You’ve noticed that your monthly mortgage payments at $200,000 would still be lower than what you are currently charging for rent. You do a cash-out refinance at $200,000 and get a big fat check for the difference, $60,000. Out of thin air, you wrote yourself a check for $60,000 TAX FREE.
Now imagine if you had 10 of those properties….
BAM! And that is exactly what the super wealthy do. They use the assets they have to buy more while keeping their tax bill to a minimum.
Do you like the sound of that? That’s only one strategy that could mean hundreds of thousands, even millions of dollars for you! To learn about even more tax minimizing strategies employed by the super wealthy, text TAXFREE to 717-467-4806 or call my office during business hours at 717-344-5950 and ask for me, John Post.
**Disclaimer:**
I am not an accountant or an attorney. The information provided above is for general informational purposes only and should not be considered legal or accounting advice. For advice on legal or accounting matters, please consult with a qualified professional.
The secret truth is that they don’t get that perk because they are wealthy. It’s how they became so wealthy in the first place!
And it isn’t a secret formula or magic trick kept in Area 51 either, but rather a combination of strategies put in place by accountants and lawyers. News flash, it’s not only lawyers and accountants of the super-rich who know these strategies. In fact, you’ve probably met someone using these exact strategies and you didn’t even realize it!
After all, how disappointed would you be to find out most of these strategies are as old as time. And that they mostly revolve around one thing.
That one thing is real estate.
I’ve put together a free report that explains several of these strategies in detail. One such strategy I will share with you right now is how you can use real estate to create tax free income. So much so that you won’t even know what to do with it.
But first, I’ll set the mood. Have you or anyone you know ever refinanced a home? A refinance happens when the borrower is trying to get a more favorable interest rate on their mortgage or borrow money against the equity in their home. My uncle refinanced his house twice, once to do renovations and another time to pay college loans for my cousin. Both times he got a check for about $40,000 TAX FREE.
Think about that, my uncle used the equity in his home to essentially write himself a check. But here lies the key difference between him and the super wealthy. He paid the loan back using his own money!
You see, he would refinance his house when he needed a safety net, not to get rich.
The super wealthy use that extra cash to buy more rental properties, not to pay their personal bills. Furthermore, they pay those loans off with other people’s money! The other people in these cases are their tenants who have willingly agreed to pay rent every single month.
Now, imagine you own a rental property worth $200,000 but you owe a $140,000 mortgage on it. You’ve noticed that your monthly mortgage payments at $200,000 would still be lower than what you are currently charging for rent. You do a cash-out refinance at $200,000 and get a big fat check for the difference, $60,000. Out of thin air, you wrote yourself a check for $60,000 TAX FREE.
Now imagine if you had 10 of those properties….
BAM! And that is exactly what the super wealthy do. They use the assets they have to buy more while keeping their tax bill to a minimum.
Do you like the sound of that? That’s only one strategy that could mean hundreds of thousands, even millions of dollars for you! To learn about even more tax minimizing strategies employed by the super wealthy, text TAXFREE to 717-467-4806 or call my office during business hours at 717-344-5950 and ask for me, John Post.
**Disclaimer:**
I am not an accountant or an attorney. The information provided above is for general informational purposes only and should not be considered legal or accounting advice. For advice on legal or accounting matters, please consult with a qualified professional.
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