Why Real Estate Is I.D.E.A.L. - “D” = Depreciation - Part 2 (Plus Bonus Sneak Peak)

Lou Brown

Jul 21 2021

Before Lou started discussing depreciation, he turned on the cameras for an impromptu peek into one of his Platinum Mastermind groups. This is just one of the meetings where people who are using Lou's real estate investing system come to share what they are doing, solve challenges and stay up to date on what is working now. This group requires an application to join, if you are an active investor and would like information on the Platinum group, please call 800-578-8580.

“D” = Depreciation Couple this with a formidable tax strategy that allows us as investors to pretend, for tax purposes, that the value of our property is going down while we really know that in most areas it is going up. We are receiving tax benefits (Depreciation) while receiving income. The income exceeds our expenses, yet we get to write off more than our income. This results in tax losses. Uncle Sam tells us that we lose money even though we made money. I think they call that “Voodoo Economics.” Of course, the government's real reason for these tax incentives is to entice us to invest in rental real estate. They learned they aren’t very good landlords and decided giving the public an incentive to deal with tenants would help get them out of the land-lording business. So, this means you can own it, “lose money” while making money, use the “losses” to offset other income, and potentially zero out your taxes! Imagine that.

Timestamps: 

0:01 - Introduction - “ Let me take you to one of my Platinum Mastermind groups and give some real live examples of what’s going on in the real world!”

0:42 - Lou shows the people who are part of the Mastermind. They are bringing the idea of the Path to Home Ownership program to different parts of the country.

2:00 - The members share their takeaways from Lou’s event

15:30 - Lou Brown shares with everyone their Code of Ethics

18:30 - The Path to Home Ownership movement

19:29 - https://www.WealthBuilderWorkshop.Online - on July 31st - register for $1 - How to find a buyer before you buy a property.

21:40 - Real estate is the I.D.E.A.L. investment - deep dive in Depreciation

25:42 - Next week Lou will talk about EQUITY

Questions for Lou:

26:18 - Is there a limit on the number of years that you can claim depreciation?

26:39 - How do I know the amount of depreciation that can be taken each year?

28:03 - Does depreciation have any downsides?

29:16 - Lou’s parting comments: If you have any doubts that the real estate business is a great thing for you, do more research. 

Take Lou's Course:

https://www.udemy.com/course/realtors-and-real-estate-investing/?referralCode=305A2A5DB2A2C4543B7F

Lou Brown has been buying, selling and holding property for 40 years and you are about to discover what a lot of so called gurus are missing.

* How to buy all the property you want without ever visiting a single bank or needing to qualify for a loan…

* How to have a buyer or renter before you even buy property…

* How to have them already pay you money before you sold them anything…

These are exactly the kinds of deals he does day in and day out. Most ‘investors’ are getting it wrong. It’s not about the property, it’s about the buyer. Buying right and buying cheap is what you’ll do after you have the buyer.

Media Sites:

YouTube: https://www.youtube.com/user/StreetSmartInvestor

Podcast: http://Streetsmart.mypodcastworld.com/

Facebook: https://www.facebook.com/StreetSmartInvestor/

Web Site: https://millionairejumpstart.com/ and https://streetsmartinvestor.com/

Real Estate investors in all fifty states across Canada and fifteen foreign countries including as far away as Australia and New Zealand, have long regarded the training, systems and forms created by Louis Brown as the best in the industry, Quoted as an expert by many publications and authors, “Lou” draws from a wide and varied background as a real estate investor having been buying property since 1976.

He’s invested in single-family homes, apartments, hotels, developed subdivisions and built and renovated homes and apartments. Each of these experiences has given him a proving ground for the most cutting edge concepts in real estate today. He’s widely known as a creative financing genius with his deal structuring concepts.

Being a teacher at heart he enjoys sharing his discoveries with others. He has served the industry in many volunteer positions such as past President and designated lifetime member of the Georgia Real Estate Investors Association, the world’s largest real estate investor group.

He is also founding President of the National Real Estate Investors Association, which serves as the umbrella association of local investor groups.