LIVING OFF DIVIDENDS & PASSIVE INCOME

Going to Salt Lake City tomorrow for the weekend. I have several investment properties out there and I’ve convinced some of my friends to buy there too. So we’re going to hang out and make it a good tax-deductible trip! Ever since I read Robert Kiyosaki’s Rich Dad series of books, I’ve been dreaming of taking legitimate business deductions and trips.

I have several real estate, oil and a VOIP business going on in addition to my regular job, so I have quite a few business and investment related deductions that were not open to me a few years ago as a regular employee.

As a real estate investor, you also get to depreciate your houses to a cap of $25,000 against your regular W-2 income. If you invest in oil, there is no cap. If you invest $50,000 on december 31st in an oil well, you can write off 80-90% of it against your income in that year itself. Its a great legitimate tax shelter!

I love passive investments!

• Riskiest Real Estate Markets In The US A lot of people are wondering where to invest in order to catch the next real estate boom. I don't have a ready answer for that, but Forbes magazine was nice enough to tell us where the riskiest markets are. 1. Miami, Fla. Due in part to escalating insurance costs,......
• How I Started Investing In Real Estate src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> In September 2000 i caught the flu and while I was probably well enough to go to work, I decided to take a week off and relax. I spent a whole week sitting in Barnes and Nobles reading all sorts of business and investing books. That week I......
• Investing In Japanese Real Estate In a previous post I had mentioned that a Japanese REIT was going IPO. I was wondering how I could get in on the action. It seems like a good idea - the Dollar should weaken against the Yen and Japan's Real Estate should appreciate after almost a decade and......

• Make Extra Money Taking Real Estate Photos We recently closed on the sale of our home. Selling a home is a tricky process.  So many factors go into presenting your home to prospective buyers: Price, listings, open houses, dressing your home, getting the best real estate brokers, where the market is...I can go on!  One aspect you......
• Honing Your Investing Skills Has Never Been Easier. Sign Up for Our Free Commercial Real Estate Investing Videos! [/caption] Greetings from Cedar Crest, NM.  We are officially in the monsoon season...so "they" say.  The title "monsoon" gives the wrong impression...I think. I understand that the "monsoon" season is a time when an area receives most of it's rain....but I think the word "monsoon" is a little dramatic.    Maybe......
• Commercial Real Estate Investing: Building Residual Income with Real Estate [/caption] Greetings from Southwest flight 1398 to Phoenix, AZ. I am on my way to meet with the team from Food for the Hungry Bolivia. I am looking forward to connecting with the Food for the Hungry Boliva staff. I sure miss the community of Horno Ckasa 'B. Anyway..... When......

[All content is copyright of Living Off Dividends & Passive Income]

Random Posts

• March 22, 2007 -- How To Become A Millionaire
• March 19, 2007 -- Link Love
• May 10, 2007 -- Paris Hilton Gets A Nude Sculpture
• October 26, 2005 -- What makes Millionaires different
• October 10, 2006 -- Greenspan Blames Berlin Wall for Housing Price Boom
• October 4, 2005 -- Manhattan property prices drop 13%
• July 23, 2008 -- The World’s Most Expensive House