> Mainly, the best tricks to acquire property with very little tax liability, but no one is going to write about that.
If you can inherit something via negotiation, it is best, where property ends up in an irrevocable trust where the tax liability will never go up.
That's an interesting strategy, I'm gonna have to explore that. You're right, I haven't seen anybody write or talk about that. Small multi-family is exactly how I am planning to start, the numbers are a bit too tight at the moment, but they do seem to work even at market highs. The whole concept has me pumped. Generational wealth is the name of the game.
I appreciate your insight, thank you much!
On a side note, are you familiar with filing taxes as a "real estate professional" as your stated profession on tax forms?
I found video that uses Trump as an example and it explains how you can potentially reduce your taxes to zero like he did. Worth a watch/listen if you're interested.
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