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After 3 decades of listening to his doctors, my father ended up with: • Cancer • Diabetes • Heart disease After 3 years of listening to his son... He lost 40lbs & became cancer free. Here's 19 health secrets his doctors never told him: 1. Stop doing diets that have a name.

This thread will show you who is the real boss. 1. A Truck flees from the pyroclastic flows spewing from the Mt.Pinatubo volcano in the Philippines, 1991.

Cost Segregation Studies: An Unseen Advantage for Short-Term Rentals linkedin.com/pulse/cost-seg…

🧮 Why Car Washes Are Perfect for W2 Earners And Business Owners🧮 Every time I post a thread on car washes and bonus depreciation I get questions about how W2 earners can take losses from real estate-based businesses like car washes. Let's clear this up right now with a quick thread. In the mind of the tax man (which is not nec reality!) for our purposes there are two types of activities: Passive: real estate (which is primarily owning and renting of buildings, land, storage etc.) Active: W2 jobs, business ownership For you to be able to take bonus depreciation against income, the BD has to come from the same bucket as the income. So active income - active BD, passive income - passive BD. Simple right? But what trips people up is where car washes land. People think it's a real estate business, but it's actually a business with real estate. The IRS considers it active. They call it a 'trader' business meaning you're trading money for goods and services. Real estate (in their mind but not in reality) is this passive thing where you just provide a building and collect rent (lolol). So that means W2 earners, business owners, and anyone with active income can use bonus depreciation on car washes to nuke a huge chunk or all of their tax bill. But ANY business that is asset heavy can do that too. Anything with equipment deemed to have a life of 15 years or less qualifies. So dumpsters, freezers, the list is really long. It just so happens that car washes are almost perfect for this (NOTE: I'm not that smart, I fell into this by pure luck). Why? Because they have a unique mix of BD-elligible equipment and land. It's very bankable (meaning a bank loves to loan on it) because of the land and yet the building and equipment are a huge part of the value so the bonus depreciation % can be huge. For some washes 80% of the value might be tied up in the building and equipment. Remember, you can only BD the equipment and building. So if you had a $1M car wash, and 80% of the value is in the building/gear, this year you can take 80% of BD value, you would have a .8x$800k = $640k loss. $640k paper only loss! For most of you that would wipe out your taxes for this year and probably a few years to come. THAT'S why I am the Car Wash Guy. They are, for me, the perfect combination of simple businesses that have a real estate component for stability, but are active enough for MASSIVE tax benefits. And (the best part): it only takes about 5-10 hours a week. Capisce?

Great thread

Agree!

lnkd.in/g3g3XXVM lnkd.in/g5nV-5q5

I can’t believe Fauci said this…

Let’s go ND!

Today In 1993: The Grateful Dead Live At The Oakland-Alameda County Coliseum (~);} archive.org/details/gd93-0… @deadgirltoo

100% Bonus Depreciation...Farewell.

Quixotic Fed Policy and the Real Estate Cycle | Beacon Economics beaconecon.com/blog/real-esta… via @BeaconEconomics

Boho is THE best! open.substack.com/pub/skiing/p/p…

Port of Rochester

CRE market booming as Rochester gains national attention rbj.net/2022/09/02/cre… via @RBJdaily

@mcfw 3:23pm Update whec.com/rochester-new-…

Today is the funeral for my coach Richie Moran. Here’s what I wrote about him that will make us better leaders if we follow his example. myemail.constantcontact.com/Positive-Tip--…

If you don’t believe there is a battle of good vs evil going on in the world you are not paying attention.