How to NEVER PAY TAXES again #shorts

#taxes #money #shorts

How to NEVER PAY TAXES again -

This is how I avoid paying taxes, no matter how much I make.

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Grant Cardone Career and Bio
TV Undercover Billionaire
Founder - 10X Movement Business Conferences Worldwide
Author - The 10X Rule. (Plus eight more biz books)
Philanthropy Grant Cardone Foundation - Support kids without fathers.

[CertifiedFresh]

“They don’t teach you this in college”

They don’t teach this to engineering students or mechanics but I’ve been taught this multiple times while getting my finance degree.

[JarinXeno]

I don't know exactly how it works but Grant shared a video yesterday where he was talking about how you put all your money into real estate so you are not paying taxes and then you can borrow against the property, the rent pays back the loan, and you get to pocket all the money you borrowed tax free. Definitely something I will be doing more research on in the future.

[PeterNothof]

Vlad will let someone make a point… then repeat it right back like he’s teaching the teacher.
Cool guy.

[jorgeantoniolomeli]

Actually they do teach you this in college, just take the right classes

[paulturek]

He’s talking about a 1031 exchange, transferring the value of the property into a DST (Delaware Statuatory Trust) who then collects investors’ money into an investment fund who then purchases properties in which there are consistent revenue streams: storage units, condos, etc.

Grant fails to mention 1031 exchanges are not designed for the everyday homeowner. 1031 exchanges are generally only available to accredited investors with COMMERCIAL real estate properties that exceed $1M.

You will not be able to reinvest your equity in your residential home in a 1031 exchange to avoid long term capital gains. With limited exceptions, real estate involved in 1031 exchanges are exclusively business or investment properties.

Unless you’re invested into commercial real estate in which the value exceeds $1M, take Grant’s advice with a grain of salt because it will mot apply to the modal real estate owner.

[Motorcyclewindtherapy]

Keeping the main thing the main thing... I'm staying in my lane and going faster. Thanks GC!

[babayega_]

They actually do teach you this in college. You just have to take the right classes.

Btw, if you make 100k on a house and pay taxes, let's say you pay 38k in taxes. But if you roll it over to another place, yes it won't be taxed. And roll it again and again. However eventually when you do cash out you will pay the taxes then. And it will be the same if not more. Because the more you take the more you'll pay.

It's not black and white like he says. People need to pay better attention and do their own due diligence.

[WaterMart]

Ben Mallah does the same thing, and all smart real estate investors. Grant on point of course.

[babbo]

The 1031 program is one of those strange variables that effect property value. The tricky thing about the 1031 is timing is everything and what happens is developers will over pay or go into a bid war because paying 1 mil more for a property is often better than paying taxes on your previous cash out.

[adityamenon]

Most people sit and wait around for inspiration
, just some rare people get up and get to work.
If anybody sees this comment,
I may not know you personally, but I believe in you that you will succeed !👍.

[micahwatts]

Literally people like this are the reason why I have to pay so much taxes

[noamzacks]

The only time we don't pay taxes is if, as individuals, we've loaned our own money to the company-called "owner's loan".So the rent we're paid, is actually our money coming back to us.But when the loan's finished, we start paying taxes

[mnatale]

Passive income is taxable...I understand equity increase, and purchasing additional property.
Anytime you get income it's taxable.

[acsrgaming]

I’m too broke to understand this mindset 😂

[natchosm]

The thing is though, if you never have the money, how are we meant to pay for bills and food?

[kenashcom]

Wanna know why the country is in trouble? Listen to this guy.

[ryanbrooke]

what hes sayn right here is a great move and def good tactics

[Ungabunga]

That’s good and all but I personally would find it immoral to have such an amount of wealth and not pay any of it to the government that looks after you in some way or another.

[tumbler]

I love when these people (grant, Gary v, Tai Lopez) say they don't teach u this in college. No, u just didn't make it that far

[gentlemenofleisure]

What kind of property goes from 350k to 12 million dollars with no renovations??