My latest with @BitcoinMagazine.
If you don’t own #bitcoin, you may already own nothing and just don’t realize it yet.
Wealth taxes and property taxes especially mean that you never truly own anything. Ever. Maybe that’s the point.
bitcoinmagazine.com/culture/why-i-…
I’m buying a house from an 82 year old (though an agent) where their basis is $42k
They don’t need the money and they have heirs
At that age it’s better to let a house sit empty and let the heirs enjoy the step up basis IMO
Or hire a good manager who also handles the maintenance
@sweatystartup Hey Nick take your annual electricity expenses and divide by the cap rate your using. Then add whatever you paid in federal taxes last year or your estimated taxes for 2023. That’s how much money your leaving on the table. Let me know if you want me to break it down for you!
Business that produces serious cashflow ->
Real estate machine that produces tax losses ->
Pouring money saved on taxes back into real estate machine that produces even more tax losses.
The recipe for tremendous wealth.