5 Secrets Rich People Use To (Legally) Protect Their Assets - And How You Can Too

"Anytime you see a new president you see the tax laws change again."

"there will be phases in the economy where stocks do bad and real estate does good or stocks do bad and gold does good."

"there will be phases where stocks do good and your business does bad"

"if you invest in single family real estate what that means is you take the value of the building that's $200,000 and you divide that by 27 A5 so you take $200,000 divide by 272 and that gives us around $7,200 and what that means is for for the next 27 1/2 years you get a $7,200 tax write off a deduction paper deduction"

"for commercial properties it's 39 years"

"America is the most litigious country in the world and people love suing people for anything that you can imagine"

"if you invest in single family real estate what that means is you take the value of the building that's $200,000 and you divide that by 27 A5 so you take $200,000 divide by 272 and that gives us around $7,200 and what that means is for for the next 27 1/2 years you get a $7,200 tax write off a deduction paper deduction and by paper deduction I mean this is a tax write off on paper it's not actual money that you have to pay just because your property is one year older so you have $15,000 in the bank account then you tell the IRS hey I have a property that's one year older so I deserve a $7,200 a year tax write off which means your taxable income is about $7,800"

"for commercial properties it's 39 years for single family homes it's 27 1/2 years"

"you can find these properties in Michigan all day and night long that Real Estate Investors are taking advantage of just look somewhere else if you're in Manhattan if you're Los Angeles you're not going to find these properties but if you do some due diligence you'll find other properties in different states where you can find these types of deals with not that much difficulty"

"what a good accountant is going to do is they're going to help you plan your taxes they're going to help you plan for these tax breaks and they're going to keep up with what are the tax changes that are happening because the tax laws are changing all the time anytime you see a new president you see the tax laws change again"

"as you start to make more money is they're going to meet with you ideally at least once a quarter maybe once a month depending on how big your business is"

"because the title insurance company's job is to make sure you're buying what you think you're buying and not have to deal with these types of leans"

"you own a property that you can see feel and touch unlik a stock where you own a piece of paper which says you own ownership in something here you own something that you can see feel in touch it's not liquid which is a pro and a con"