💰❌ Debt is never taxed #shorts

Taxes are the largest expense you’ll have!

💸 Any time to make money from a job, or make a profit from an investment, the IRS will be right next to you expecting their cut.

Naturally, one of the most important things that the rich do is find ways to avoid paying taxes (legally!)

🏦 When you get a loan, you receive money that you have to pay back over time (with interest), so this money isn’t taxed.

The same goes for a mortgage when you do a cash-out refinance.

When you do a cash-out refinance, you’ll have a larger mortgage that you’ll pay off over time, but the money that you took out IS NOT TAXABLE!

🏡 You can use that money to invest in other properties or pocket it to spend on whatever you like.

Just make sure the numbers work out so that the rents from the property can cover the larger mortgage as well as the other regular expenses associated with it!

#realestate #realestateinvesting #mortgage

*Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites.

[seanlovesrealestate]

✅ If you want to learn more about real estate investing, then check out my FREE Rental Masterclass with the 🔗link.

[shumatsuopost]

Interesting point! It's true that when you're in debt, you're not actually making any money - you're just borrowing from your future earnings. And since you're not earning any income from the debt, it's not subject to taxes. However, it's still important to pay off your debt as soon as possible to avoid accumulating more interest and fees.

[JOEZAAM]

Wouldn’t it be after CC that you got back the initial 210k instead of the 200k you mentioned? 130+80 unless I’m missing something.

[mexgaming]

Sean I just need to say thank you so much I’ve made so much extra cash with investing ever since I’ve heard of you thank you so much ❤❤❤❤❤❤❤

[zachdrouhard]

How much are you getting for rent on that property? Just wondering lol

[unreal]

But wouldn't the interest from the debt accumulate and shave off most of the profit?

[Littleman-ecoe]

How to save money- watch these awesome vids!

[blacklyfe]

Bro that shit is confusing? Where do you get the money to buy all the property from?

[Nolan.Gurule]

75% to loan value of 110, 000 is not what you said.

[Nolan.Gurule]

I thought if you sell and it’s less than 250k you don’t have to pay capital gains if single. If married 500k

[christianmoore]

Wouldn't you have to pay off the money anyways. You spent 210, 000 and got a loan for 240, 000 you have 30, 000 more then you started but now you have 240, 000 in debt so you have the property and its income and 210, 000 in debt so you are negative on cash when you consider the debt and if you didn't need a loan in the first place why do this