Do you pay taxes on rental profit? Dion Talk

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Working full time doesn't make investing in rentals easier. However, investing in rentals is a great way to make work optional.
I was able to do this as a single dad with 3 kids and a bunch of bad debt and wasn't making a lot when I started out.

Todays Dion Talk. With Dion McNeeley
I Suggest the following information sources: BiggerPockets, Meet Kevin, Chandler David Smith, One rental at a time, Graham Stephan, Minority Mindset and Kris Krohn.
#FINANCIALFREEDOM #rentals #DionTalk #FIRE #FINANCIALINDEPENDENCE #HOUSEHACKING #REALESTATE #RETIREEARLY

Are you tired of selling your life one hour at a time? Dion Talk is a channel that helps people understand how to reach financial freedom with rental properties. House hacking can be used in the strategy but isn't required. It just speeds the process up.
Passive income is a game changer. Buying cash flowing assets creates an income snowball. As the snowball grows you will be able to invest faster and faster. Before too long you can make work optional. Let me show you how to retire early.

What strategy do you use? House hacking? Wholesaling? Flipping? Buy and hold? Long term rental? Short term rental? Local or at a distance? Real estate or stocks? Own a business?

[missmrice]

Please do a video on how to legally pay less taxes from your rentals properties income

[DennisMartins-ppry]

Brother, thank you I Love your videos, no time wasting crap. Clear simple right to the target True and Full of common sense. Very good. 😊😊

[siplifestyle]

Dont stress urself with people who dont know about depreciation!!!

[ryanthepianoman]

Do you want to break even when it comes to rental property on taxes? My cpa told me I broke even after depreciation and such

[chrishdez]

What will you do when depreciation ends? Make an LLC and do 1031 swaps between entities to reset the depreciation?

[KidCity]

You haven't won the argument until they start calling you names... Goals.

[GauchoDon]

I think they were talking property tax, not income tax, but the tenant effectively pays that anyway.. do you have your prop taxes escrowed, so it’s just part of the mortgage payment the tenant is effectively paying?

[jbp]

The biggest issue I am running in to is what markets I should invest in to make good cash flow.

[frank]

My depreciation doesn't cover my gains. What am I doing wrong? I write off everything I can and still have to pay.

[MgtowRubicon]

Nobody should pay any tax other than a flat-rate consumption tax on finished consumer goods with no deductions, credits, or exemptions for anybody.
Taxes should only be paid at the end of the productive cycle of capital, which is consumption.
Thus, only a flat-rate consumption tax on finished consumer products is the fair way to create tax revenue.
There would be no deductions, credits, or exemptions for anyone; the consumption tax is relative to the ability to spend and consume.

[FinancialFIRE-Fighter]

Yeah don’t get caught up in that. It can waste an entire day😂

[gtcam]

More than once I’ve deleted a response half way through writing it because I realized I really did not want to wake up to any notifications from whatever mouth breather was on the other end of the tech wires.

[BlueCollarTradingOptions]

And when Trump uses it in New York, they knock him out of the box. Love your videos bro.

[rob]

It's a coinkydink....nothing to see here!