horsecrap? What are you talking about? I got into real estate last year because it can shelter my income from capital gains. 39% of my earnings going to taxes made me sick, had to find a way to legally shelter it. Combine depreciation, interest deductions, upkeep, and you can save a substational amount of taxes owning and holding real estate.
How much real estate do you own? You're house? Before you make a comment you should at least have something to back it up with. You can make good money in real estate and the stock market, reason I am in both.
I don't know about you, but lets see... $1 million in real estate, going up 4-5% a year is about 50k in my pocket every year, that's excluding tax benefits, principal being paid down by tenant, rents always going up, etc.
It's why the wealthy get wealthier...if you have 50 million in real estate and depreciate it, interest, etc, suddenly a lot of wealthy people actually show no profit for the entire year, amazing.
Disclosure: I am short A BOATLOAD OF POS HOMS!
chbartel |
