New Bill is The End of Real Estate as We Know It

Ken and Danille McElroy are back from the Limitless Conference. In this video, they cover the proposed tax plans of each of the presidential candidates.

You can listen to an audio replay of this live stream on Ken and Danille's podcast! Follow your favorite platform with the links below!



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ABOUT KEN:
Ken is the author of the bestselling books The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.

Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.


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Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’

Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.




#kenmcelroy #realestate #realestateinvesting #realestateinvestment #limitlessexpo

[KenMcElroy]

If you want to support the channel, please share this video on social media or with your friends and family so it gets more reach!!

[brandoncgabel]

Or how about let's stop subsidizing everyone and everything with tax payer money. Get government out of everyday life.

[zapatatate]

The fact that the government is involved in something that should be private enterprise is the problem. Keep in mind that the government does not produce income. They take ours and misuse it. Thomas Sowell, Milton Friedman and Walter Williams have studied and written extensively about this subject.

"Government has no resources of its own…government spending is no less than the confiscation of one person’s property to give it to another to whom it does not belong."

W. E. Williams

[SirenOffspring]

This is bad. I don't want to pay for it! Barely make it now. Too many taxes.

[goosecouple]

"People deserve the government they allow." -- Ancients

[Sashas]

All the subsidies given away by the government is a bad idea. It increases debt, inflation and dependency on the government

[chasedevine]

4 kids, oldest gonna be 16 this month. Every grocery store visit is at least 200 dollars, sometimes go twice a week. Insurance rates sky high, 1 in 5 retired seniors have to go back to work. Ridiculous

[DIYDaveT]

The real issue with unrealized gains is that once you pay the tax, if the unrealized gain goes away, they do not refund the tax. They are more likely to reset the value of the asset to the lower value and then when it goes up, BOOM, tax that "gain".

[AnbarMarine]

“At the end of the day… we’re screwed.”
—ken😂

[DIYDaveT]

It is what it is sounds like such trite words but in fact needs to be internalized by all. That is one of the best messages of this channel:learn to thrive in whatever environment you find yourself in.

[lawrencesmith]

If affordability is a problem, then handing out checks for 25K will NOT make houses more affordable. That is the core issue. The economic is OVER-stimulated.

The best way to get home prices affordable is to simply cut regulations for building a home.

The reason we make people put down a down payment is to make sure they have skin in the game. If you cant save up money for a down payment, then you CANT afford the home. Nuf said.

[manchannel]

Investing would be dead in this country if they actually tax unrealized gains not to mention an accounting nightmare

[nathanabell]

I disagree on the not taxing tips. If 80% of your income is tips, then you should be taxed at the same rate as everyone else otherwise they are only having to pay tax on 20% of there income. it’s not fair for the people who don’t get tips and have to pay tax on 100% of their income. In reality, I don’t think anyone should be paying any income tax at all.

[AmaliaM-on]

I was so excited to come here to hear your financial insight . ( I got your book awhile ago ) but I gotta say, few minutes in, I’m left scratching my head at your support for government spending and handouts. At least the lady had the wit to point out that those handouts are just going to send home prices skyrocketing!

[WarGamersChannel]

The chances of the unrealized gain tax passing is ZERO.

[douglasgarth]

The Government giving money away for anything is never a good idea. It always benefits isolated groups of people, drives up prices, does not solve supply issues or the root problems. Solve wealth inequality by changing the tax structure and creating incentives for working people.

[TR-glne]

Happy Birthday Ken! Thanks for what you do!

[tmtf]

Don't put $0 for the tip if you pay with a credit card. Managers credit that the waitstaff received the standard tip (usually whatever the menu states for large parties). Instead, leave a small credit card tip and the remainder of the tip in cash.

[Breathless]

Happy Birthday, Ken!! 🥳 Thanks for another great video!

[mindlessconsumer]

1) Momentarily add unrealized capital gains tax and spike property tax. 2) When home ownership becomes impossible, a mass sell-off begins. 3) Mass sell off increases supply and home prices plummet. 4) Blackrock buys everything and gives you a nice nigh rent to pay.