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Buy, Borrow, Die: The Ultimate Tax-Free Wealth Strategy!
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Buy, borrow, die. When used correctly, this tax strategy has the power to dramatically reduce your tax bill. In fact, some people can wipe out their entire tax bill or almost all of it by leveraging this strategy. This strategy is widely used and favored by many of the wealthiest people in the United States.
In this video, tax expert Karlton Dennis fully breaks down the buy, borrow, die tax strategy. He makes it easy to understand so that viewers can learn how to implement it themselves. He goes over each step of this process in detail and provides insights about why each step is included in this strategy.
The buy, borrow, die tax strategy can potentially be helpful for anyone who makes six, seven, or eight figures and wants to learn how to stop handing over so much money to Uncle Sam. However, implementing this strategy correctly can be tricky. Work with a tax professional if you need assistance implementing the buy, borrow, die tax strategy.
CHAPTERS:
0:00 Intro
0:49 What Is the Buy, Borrow, Die Tax Strategy?
1:05 Step #1: Buy Appreciating Assets
2:47 Step #2: Borrow Against the Assets
7:49 How to Actually Borrow Against Your Assets
8:32 Step #3: Die
9:56 What About Estate Taxes?
10:36 Subscriber Question!
11:40 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#realestateinvesting #realestatetaxtips #taxstrategy
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