Perfect advice. Honest straight up TRUTH. As a part time realtor, single dad, home owner and blue collar worker. You have told me more significant info. (which I can confirm being in the biz.) waiting a bit longer for the next investment. Thanks for grounding the smart ones.

@vergarasawyer3573

Жыл бұрын

I've only just started over the last couple of mnths. I've been doing plenty of research. In fact I'm really enjoying the aspect of learning and researching. Though I won't say I have gained or lost a fortune, I have actually been involved in all of these for a while. what’s your approach?

@mokshsamay3189

Жыл бұрын

@@vergarasawyer3573 I sold my losing positions and moved to more defensive instruments and I never looked back as advised by my fiduciary financial advisor, 'Allina Dresslar Bell’ Partnered with Raymond James Financial Service Advisors,INC. For me she made up a wild narrative justifying my past decisions and attributing bad outcomes to risk. if someone can’t stomach losses from tips, there’s always the option to buy individual tips and hold them to maturity, she said

@coffmanleonel6227

Жыл бұрын

I saved 20% and for a house and went thoroughly into investing in anything I could lay my hands on, Stocks, ETFs and other financial commodities. After compounding profits over 7 months I was $79k in profits and paid down for my first house. That was 2 years ago, now I own 3 condos

@ferreiraazevedo8861

Жыл бұрын

@@mokshsamay3189 I have a pretty decent amount saved up and I am confused on not only the how but where to invest it. Currently stuck between three options regular stocks, ETFs and Real Estates. Can't seem to find the most appropriate one as I want one that doesn't require so much monitoring and still makes regular profit. Which would you recommend?

@mokshsamay3189

Жыл бұрын

@@ferreiraazevedo8861 Why not at least three of them? Given the present economy, My advice is always to keep the majority in ETFs that cover multiple sectors. Then have a couple stocks, as a small percentage, picked out that you feel personally attached to or interested in. That way you can mitigate a lot of the risk but also have a personal touch to your portfolio. I feel this mitigates some of the emotional downsides or disinterest people have with investing. Also helps with the urge to constantly buy/sell with fluxes in the market.

Part 2 Please! Thank you!

Thank you for sharing and your time!! Much appreciated

As a recently admitted EA I can't thank you enough for your great info! I know this stuff but putting it all together is the tricky part. Keep up the great work

You are GOLD! THANK YOU!!!!!

You're such a Genius! I'm new to taxes but and love your simple video explanations. 😊Blessings

Love this man. Great content and easy to follow

Great video. you've reminded me of what someone once said ❤ Your assets are your employees. Invest more on those performing well. Let the non-performers go

Great information. Thank you.

Great content Karlton. Are you accepting new sponsors for your channel? Would love to sponsor a couple of videos and see how they do.

This is great. I saw another video of yours with this information. What cômpany or contractor is able to do the cost segregation study?

My question is when is the right time to do a cost segregation study? We just purchased a duplex in October and tax season is coming soon. Is it best to do a cost segregation the 1st year you purchase a property?

Thank you so much Karl! I can't wait to meet you in person and work with you. I called your office but it's booked til next year. I prayed 🙏 to God for help to make some of the biggest decisions in my life and he sent you. Thank you so much. I am watching all your videos in the mean time. There are so many businesses who work day I and day out for decades trough sickness trough market cycles, giving up family time and making other personal sacrifices and at the end of the year we seem to get punished instead of rewarded. Your work is justice. You give us hope and are leveling the playing field. May God bless you and your family🤗

My goal is to hire you. Simply love your knowledge.

Excellent work

So we can’t offset active income taxes with passive activity if making over 100k from w2 job?

Thanks!

Thanks for sharing this information. I really appreciate the gems 💎

Hey Karlton, where can I finish watching this meet?

Can you break down the irs form 1099a and 1099c and 1099oid what the words in the instructions actually mean.

How do I go about getting a cost segregation report done?

I'm an enrolled agent with 10 employees and 4 rental properties. I'm moving towards being a fulltime real estate investor fulltime in the next 10 years for the simple reasons outlined in this great video.

Where’s the part 2.

Is there a part 2 to this video?

Can this be done with international properties?

Actual content starts at around 8:00 . The 3rd rule, to use depreciation to offset other income that might make sense to do, is at 16:18 . Pretty sure you have to buy something to actually figure out how to do this stuff. Too much fluff imo. I watched another one of his vids and it had to do with renting the property for maybe 7 days or less at a time or whatever would be considered a short term rental, if you are not a Real Estate professional. Assessing the cost to depreciate by cost segregation to accelerate depreciation cost money because you need an assessor. Also, this probably only works well if your building is worth a huge amount compared to the land because land cannot be depreciated, making this option not viable for some properties with a high ratio of land cost to building cost.

@mightyoak11111

Жыл бұрын

And doesn't the depreciation have to be repaid at the time of sale of property? This is on top of capital gains.

My question is who qualifies as a REP meeting rule 1(750 hour rule) and 2 (More than half their time). As you state spouse 1 with the FT job cannot. But you stated that spouse 2 might. My question is this: I am spouse 2, I meet these rules BUT I am on disability. Can I still claim the REP and keep my disability. I thought I heard/read since the income is "passive" income that I could do so. Does anyone have knowledge and or a link to reading further? Appreciate it.

Is there a part 2 or what

I try to schedule a consultation, are you not taking any more new clients?

@liams3981

Жыл бұрын

@user-gp9no6jx1e not you imposter

Something is off here. When you sell your STR property, you need to pay back all the house depreciation cost.

Wait, I’m trying to understand, what will I create my LLC under in order to purchase real estate properties? Because I am tired of being poor.

Nice

Здравствуйте Карл как я могу связаться с вами?

Wish I could buy some real estate. Little out of my reach...

kind of left us hanging ..... started talking about how to reduce taxes from active income by off-setting with the use of passive losses ...then ........🥁 end of video 😮‍💨. wa wa 👎

Why don't you become a CPA? So i can use your services without worry.

Great video. you've reminded me of what someone once said ❤ Being rich is having money; being wealthy is having time

@lindamartins3594

Жыл бұрын

People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.

@MortgageBrokerWins

Жыл бұрын

You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.

@andreamfernando9485

Жыл бұрын

She is not like other brokers that will start telling you stories and excuses why the trade didn't go well after collecting your money

@simonkatz6789

Жыл бұрын

I know Mrs Maureen I met her at a conference in carlifornia 2019 where she introduced us her business strategy, she helped me cover my bank loans.

@wasappmrjohn5240

Жыл бұрын

How do I contact her directly?? I would love to make some trade with her???

So you CANT rent out your investment property right? Your property must be unused in order to claim the depreciation?

Damn you just gonna cut me off like that. Are you teaching classes that people can sign up for?

Noice

bro you talk so slow lmaooo. speed this shit up 2.5x. you’re welcome

@plymakkayestudio1827

Жыл бұрын

He is trying to go at EVERYONE's pace not just the " know it all "already. This is why he is good at teaching others and NOT you obviously...SMH!!!

is it more beneficial to own physical property than say a REIT?

@meeraj-4774

Жыл бұрын

You cannot tax write off with a reit

@REBELLIOUS513

Жыл бұрын

@@meeraj-4774 right..I was alreeady thinking that but thought there was more to it