Taxes.
Everyone hates them, but you have to pay them if you want to stay in the good graces of the law.
If you’re a big fish, this is especially true. You don’t want to have the displeasure of having the tax man chasing you.
It’s something to avoid if possible.
Sadly, for millions of Americans they have to go through the hassle of filing and paying taxes.
Obviously, taxes are a headache for many.
But there are ways around this problem.
In these parts, we’re big fans of investing in income properties. And this pro-income property sentiment did not just come out of the blue.
You see, real estate is the most tax-favored asset class. This is no coincidence.
Just like governments want to foster economic growth through the creation of businesses, governments want to encourage home ownership.
For that reason, real estate investors and other people involved in the home creation and ownership process tend to be rewarded by the government through tax relief.
This is something that your average desk jockey does not enjoy, as they get clobbered with taxes every years.
We’re practical people here. Sure the status quo is sub-optimal, but there’s only so much you can do.
In light of this, it makes sense to game the system in your favor.
Income property investing helps align your interests with those of the most powerful entities that we know. Namely, central banks and governments.
That’s how the rich stay rich and the up-and-comers enter the upper classes.
There’s no benefit to complaining. It makes much more sense to understand the reality in front of you and figuring out ways to work around the system and exploit it to your advantage.
It ultimately pays to be unorthodox in your wealth-building approach.
Let’s be honest here. Going the conventional 9 to 5 route, will put you on the path to financial mediocrity. On top of that, salary earners simply get taxed more.
That’s how the cookie crumbles for those who pursue the conventional routes to building wealth.
Now, more than ever, income property investing remains a solid option for those who want to maximize their return on life.
We’re living in a time when there’s a great migration of sorts taking place across the nation. Basically, people are fleeing coastal urban centers to “middle America” or “flyover America” as the corporate media likes to call it.
People are moving to these areas for the benefits of less crime, lower taxes, lower cost of living, and less overall traffic. The big city life that people used to glorify is no longer cutting it.
As a result, a “great sort” is taking place where people are looking for greener pastures to settle down in. Income property investors can absolutely take advantage of this mass movement of people.
Some of these areas millions of Americans are moving to tend to be situated in stable, linear real estate markets that provide excellent cash flows.
On top of that, these markets tend to be in jurisdictions with low property and income taxes, the latter sometimes being non-existent in certain states. This is every income property investor’s dream come true.
Indeed, there are ways to beat the US’s convoluted tax system.
They’re not easy to grasp at first, but with the right amount of dedication and commitment, you can make your life so much easier.
Our very own Jason Hartman had a great conversation with tax professional and best-selling author Tom Wheelwright about the tax advantages of real estate.
It’s an excellent introduction to why you should use income property investing as a vehicle for tax relief.
P.S At the Empowered Investor Pro, we teach people how to use income properties as wealth-building vehicles during times of economic crisis.
While inflation is horrible for millions of Americans, it’s great for debtors, especially for those who take on mortgages. The fact is inflation allows you to pay off your debt with cheaper dollars.
The community of advisers present at Empowered Investor Pro talk about this and other real estate hacks.
If you want to receive information that will help you crush your competition in real estate investing, join Empowered Investor Pro now:
https://www.empoweredrei.com/empowered-investor-signup1
