Myles G

🇮🇹You’re not buying a house here. You’re buying: • An entire borgo • 3,200 sqm of buildings • 350 hectares of land • Multiple residences already in place This is the scale of the opportunity in Cortona 👇

Last year I bought a 12 acre equestrian farm. It wasn’t just to flex, it had a purpose behind it.👇 Purchase price : $1.6m Loan terms: 15 year fixed @ 5.75% Down payment : $400k Tax savings via Cost Seg : $500k What is cost Seg? Imagine you buy a LEGO set. The IRS says the whole thing loses value slowly over 39 years. But cost seg is like saying “wait — the stickers wore out in 5 years, the wheels broke in 7 years, the baseplate lasted 15 years.” By splitting it into faster-wearing pieces, you get to write off more money now instead of waiting forever. Less taxable income today = less taxes today.​​​​​​​​​​​​​​​​ You can’t depreciate land so the 12 acres is meaningless… so what else? 2 barns with 26 horse stables 2 covered trailer storage areas 4 wells A 24kw and 48kw generator 500 gallon propane tank Diesel tanks for equipment 2 garages Landscape lighting Fencing Groom/wash stations Security system Multiple septic tanks/water systems Total cost depreciable $1.2M (can’t depreciate the main living quarters) Projected annual revenue at boarding max capacity assuming $1500/stall full service: $468,000/yr The $500k I would have wired to the IRS went straight into a cash flowing property that can appreciate over time. Every time I cut the grass, or make a repair, all tax deductible. The fixed costs (mortgage, etc.) paid for by running a proper operation. Zoned as commercial/agricultural = property taxes dirt cheap. Receive a Cattle credit by just plopping a few cows onto the land. It’s not in the middle of nowhere either… 15 minutes away from a sleepy billionaire hotspot that is developing. Benefit is that all the surrounding agricultural property are owned by the wealthy who want to keep it agricultural. Also, It’s cool to see my neighbor riding her horse down the road to walk her dog in the mornings.

$NQ Depending on the open in Asian session and how we react to the 15m imbalance I would like to see us drop.

one of the quickest ways to improve as a trader is to be disgusted with yourself. there is going to be a moment in your journey where your performance is an embarrassment to what highly image you think of yourself as. blowing an account, taking an unnecessary trade, over risking, emotional trading, revenge trading, sizing too big, hopping strategies, ect these are all common factors that lead to self disgust. don’t worry experiencing all this early on is good. self disgust boost self improvement. you start journaling, analyzing your mistakes, reviewing every single trade you take, & finding common problems. suddenly you look at yourself & imagine the best trader you can become or the poor trader you currently are which motivates you even more to improve. once you hit rock bottom, the only way is up.