ilmscore | Prediction Details
"but real estate gives you another exception because now what you can do is you can take all of this money you take the $1.7 million and you go out and you buy a bigger property let's assume that now you buy a bigger property with multiple units I clearly am not a good artist here but you go out and buy a bigger property with this $1.7 million and this $1.7 million property is going to pay you with more rent more profit because it's a bigger property and bigger tax breaks for your depreciation deduction but now the advantage not only is that you own a bigger property but you don't have to pay any money in taxes today this is called a 1031 exchange it's called a like kind exchange you don't get this in the stock market but you get this in real estate where you can flip your property after one year you own the property for a year you can sell it for a profit flip it into a bigger property and pay $0 in taxes today and you can do this again and again and again keep flipping properties into a bigger and bigger and bigger deal deal and he can do this until you die and never have to pay a penny in taxes on these capital gains"
By Minority Mindset | February 25, 2024 | Pending
From video
MASTERCLASS: 10 Places Your Money NEEDS To Go As Soon As You Get Paid 00:06:00 - 00:07:04
Interpreted Prediction
A 1031 exchange allows real estate investors to defer capital gains taxes by reinvesting proceeds from a sale into a like-kind property, enabling tax-free growth and reinvestment of capital until death.

Prediction Details

Topic
1031 Exchange (Real Estate)

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