Buying a Property Subject-To Without Cash
Can you purchase a home without money, credit, or without having to take out a new loan or sign for debt? The answer may surprise you. Yes. Yes, indeed. The way to do it is to purchase “subject-to,” a term meaning taking ownership to houses without signing for debt or taking out a new loan. […]
Benefits to Investing in Real Estate
Real estate has been one of the primary wealth-building vehicles for the ultra-wealthy for centuries. Here is why it remains one of the best investments available today. The Tax Advantages of Real Estate Real estate offers some of the most powerful tax advantages of any investment class. Depreciation allows you to deduct a portion of […]
About Rich & The Bull, Nick Fortune – Who are these guys?!
Find out what motivated us [Rich & Nick] to create the Rich & The Bull Show… we are going to tell you WHO we are, WHERE we came from & WHY you should watch the show. More video topics are coming your way. Watch the Rich & The Bull Show on YouTube SUBSCRIBE NOW In […]
Asset Protection Trusts
One of the most powerful and best trusts is the asset protection trust. The asset protection trust, unique to all others, is made to benefit the trust’s creator (called a self-settled trust). Basically, an asset protection trust allows someone to cede legal ownership of assets while continuing gaining the benefits from them. This protects them […]
Buying a Property Subject-To Without Cash
Can you purchase a home without money, credit, or without having to take out a new loan or sign for debt? The answer may surprise you. Yes. Yes, indeed. The way to do it is to purchase “subject-to,” a term meaning taking ownership to houses without signing for debt or taking out a new loan. […]
Benefits to Investing in Real Estate
Real estate has been one of the primary wealth-building vehicles for the ultra-wealthy for centuries. Here is why it remains one of the best investments available today. The Tax Advantages of Real Estate Real estate offers some of the most powerful tax advantages of any investment class. Depreciation allows you to deduct a portion of […]
Asset Protection Tips
Building assets involves hard work. Typically, you would expect that the assets you’ve accrued through business and hard work shouldn’t be under any risk from future liabilities, lawsuits, and creditors. But that is not usually the case. What Is Asset Protection? Asset protection is the adoption of various strategies to protect one’s wealth. It is […]
5 Annual Tax Essentials
Tax planning is not a once-a-year event — it is an ongoing process. However, there are five key areas that every business owner and investor should review at least annually to ensure they are minimizing their tax burden. 1. Review Your Business Structure Your business structure determines how your income is taxed. As your business […]
5 Tax Code Changes for 2023
The tax code is constantly evolving, and staying current with changes is essential for minimizing your tax burden. Here are five key tax code changes for 2023 that every taxpayer should be aware of. 1. Increased Retirement Contribution Limits The IRS increased contribution limits for 401(k) plans, IRAs, and other retirement accounts in 2023. Taking […]
A Tax That Nobody Knows About: The Phantom Income Tax
Most people have never heard of phantom income — but if you are a partner in a partnership, a member of an LLC, or an investor in certain types of funds, you may owe taxes on income you never actually received. What Is Phantom Income? Phantom income is income that is allocated to you for […]