Schedule Question

[EasyPro]

Originally Posted by Steve Very fascinating! What about apartments interest you? How many units are you looking to buy? Can you give us a little insight into the real estate business? Also with the way the economy is now, how much does one need to put down on a mortgage for an apartment complex? I'm still learning ... and i can't let all my cats out of the bag

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DJ Carroll
EasyPro Property Services
502-525-3279

[Steve]

Lawn care business tips

Do you have anyone that inspires you as far as your real estate goals? Have you been doing a lot of reading on the topic?

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[EasyPro]

Originally Posted by Steve

Do you have anyone that inspires you as far as your real estate goals? Have you been doing a lot of reading on the topic?

I love Robert Kiyosaki ~ Rich Dad, Poor Dad.

[Steve]

I read that book too. I think one of the big things that had changed since he wrote that book was a real estate tax law. Now I am not positive, but I think the deal was, in the past, when he wrote this book, he wasn't taxed on any money he invested into real estate when he sold the building as long as he bought another one within a certain time afterwards. Now I think this only applies to your primary residence.

It seems to make a big difference. Have you heard anything about that at all?

[EasyPro]

Originally Posted by Steve

I read that book too. I think one of the big things that had changed since he wrote that book was a real estate tax law. Now I am not positive, but I think the deal was, in the past, when he wrote this book, he wasn't taxed on any money he invested into real estate when he sold the building as long as he bought another one within a certain time afterwards. Now I think this only applies to your primary residence.

It seems to make a big difference. Have you heard anything about that at all?

In his books he teaches us that (and this is still true to this day) having a job means you work, then taxed, then paid. Owning a business means you work, get paid, can't spend the money, then get taxed . . .. its a no brainer . . .

I would say if he sells a property and buys another then that property is a right off if you have the co. set up right ie LLC or Inc.

I can't wait to get into realestate