My mentor told me 20 years ago "Pay your professionals well". A great CPA will save you a fortune over time. Make sure to find a CPA that does a good bit of work with other entrepreneurs and business owners. Great topic and video!
Hi Chandler- I just wanted to thank you so much for this video and the cost segregation company info. You are inspiring me to also make videos to help people and get into real estate. I just bought my first rental (about to close) and I’m going to use this info!! You’ve changed my life. Thanks again, you are a great man
You’re wrong on your Roth IRA. You can’t take out the gains until you’re 65 without being penalized. If you put in 10k and it grows to 15 you can take out the 10 whenever you want. Just can’t touch the 5 gain.
You can most definitely take out gains penalty and tax free before retirement age, considering if you are first time home buyer. its a $10,000 life time limit . Example if you put in $10,000 and it grows to $20,000 you can take out both the $10000 gain + the $10000 you put in initially. It has to be used for a downpayment on a home or cost associated to purchasing your primary residence
My mentor told me 20 years ago "Pay your professionals well". A great CPA will save you a fortune over time. Make sure to find a CPA that does a good bit of work with other entrepreneurs and business owners. Great topic and video!
Chandler, can you decrease your shorts by 75%? Anyone else feels the same?
YES! he’s spamming them with no schedule it’s infuriating
yes , was considering unsubscribing (sorry Chandler)
@@sruli82 me too. I thought i give him my input via this method as a last resort but I don't think he views these. Hmmmm
@@josefavela1654 Don't worry, he does. Hi Chandler !
Hi Chandler- I just wanted to thank you so much for this video and the cost segregation company info. You are inspiring me to also make videos to help people and get into real estate.
I just bought my first rental (about to close) and I’m going to use this info!! You’ve changed my life. Thanks again, you are a great man
You’re wrong on your Roth IRA. You can’t take out the gains until you’re 65 without being penalized. If you put in 10k and it grows to 15 you can take out the 10 whenever you want. Just can’t touch the 5 gain.
To clarify you can withdraw gains at 59.5 without penalty.
You can most definitely take out gains penalty and tax free before retirement age, considering if you are first time home buyer. its a $10,000 life time limit . Example if you put in $10,000 and it grows to $20,000 you can take out both the $10000 gain + the $10000 you put in initially. It has to be used for a downpayment on a home or cost associated to purchasing your primary residence
Thank you!
LOVE LOVE LOVE tax avoidance!!!!!!!!!!!
Great video. BTW...I have a 16
Unit building in Davenport IA if interested.
FYI its age 59 and 1/2 for retirement account withdrawals penalty free, not 65.
7. Commercial loab
1st comment, 3rd like 👍🏻