Noel: Third strategy that you need to apply – expenses. Missed expenses! There’s a lot. I’m only gonna cover two that you might be missing. The first one is called, the start-up cost. If you’re into real estate investing, any cost incurred before buying or renting a property,…
Noel: What do the Irvine Company, McDonalds and our lovely President have in common?
Audience: They don’t pay taxes.
Noel: (laughing) Great. (Laughing) They’re a billion dollar real estate investors. And you might be wondering, how in the world were they able to do that?
Noel (cont’d): Simple.
Noel (cont’d): They took…
Noel: Raise your hand if you know Uncle Sam.
Female: Personally, my uncle?
Noel: Great! Now, raise your hand if you know Uncle Sam is not really your uncle?
Noel: Great! You see, a real uncle usually gives you money, this particular uncle takes…
Did you own an existing home that you bought less than two years ago? And because of some unforeseen situations, you are force to sell it. Worse, now you are worried about the potential tax that you will be paying on the sale.
Hello, this is Noel Dalmacio, your ultimate…