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https://www.beyondbroke.com
https://www.digitalfamilyoffice.io
https://mastermind.beyondbroke.com
📱Official social media📱
Twitter - https://www.twitter.com/beyond_broke
Instagram - https://www.instagram.com/beyond.broke
LinkedIn - https://www.linkedin.com/company/beyond-broke
📝Business inquiries 📝
info@beyondbroke.com
🚨***SEE DISCLAIMER BELOW***🚨
No information presented here on this channel or any platform listed above is financial, tax,, or legal advice. This content is for entertainment and educational purposes only. Always consult your financial advisor, CPA, or attorney before making any financial, tax, or legal decisions.
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LifestyleTranscript
00:00Why does almost every wealthy person's portfolio contain real estate? Well, there's a lot of
00:04reasons. I'm just going to touch on the tax implications. So because of cost segregation
00:08analysis, normally you would only be able to write off or depreciate the property over a 27.5 year
00:14period and you get a small piece. But with cost segregation analysis, you can depreciate the
00:19different pieces of a property much faster than you can the entire property itself. And so you're
00:23able to write off a ton of things from that property against your income each year and
00:28offset your taxes.