Flying to Salt Lake City Tomorrow
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
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!
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- 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......
- 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,......
-
10 Worst Real Estate Markets In 2009 As I mentioned in a previous post, the real estate market hasn't hit bottom yet. According to an Article in Fortune Magazine, 8 of the top 10 worst real estate markets in 2009 are in California. The range of the predicted price decline is between 20 to 25%. 1. Los Angeles 2008 median house......
Related Websites
- The Foolish Main Street Real Estate Bailout It's this kind of partisan economics that doesn't allow me to be a Democrat, even though I've said goodbye to the Grand Old Party. In fairness, it's only a Beltway rumor, albeit a very prominent one, but still, the implications are so mind boggling that it borders on lunacy. Main......
- The Commercial Real Estate Blog Sphere News And Articles #10 - Circuit City takes the lead and CAP Rates creep up0 Greetings from the birth place of Santa Claus....Cedar Crest, NM! Heading into the climax of the year.....nothing surprises me anymore. Another bank closure....commercial real estate developers want a piece of the bailout action....Santa Clause gets laid off. No surprises here. But what is a surprise is Detroit Lions have yet......
- U.S. Real Estate Market has STD? If comedians jokingly refer to Florida as "America's penis", then the above graphic illustrating the percentage of total homes that are in foreclosure would suggest that the U.S. real estate market, and Florida in particular, has a raging sexually transmitted disease. As Gonzalo Lira so cleverly put it: Mortgage......
[All content is copyright of Living Off Dividends & Passive Income]
June 9th, 2006 at 2:58 am
Hi,
Interested in the VOIP business that you’ve got..what does it do?