The thing is, his actions are common practice. He knows how things work, or rather his attorneys do.
these people buy/sell/trade condos in buildings that don't exist yet.
they can generate several million laundering foreign cash very quickly.
if they want to stick trump with it... to illegitimatize the method there will be a condo crash + bank crisis in FL. the lawyers will love it, tho.
what would u do with a million dollars worth of parking lot spaces? what if you owned a majority of commercial taxi permits/cpnc/medallion? what if you could bill medicare whatever you wanted to and they paid out with no questions asked?
Yeah if this is the case, the owner thar I manage property for does this... all the time. I mean. This has been a thing for a long, long time.
Normies are just going to be surprised to here it I guess lol.
Yeah turns out real estate is just a big piggy bank.
When you buy a $2.5 mil thing
You didn't LOSE $2.5 mil
You just turned $2.5 bills into a structure valued about $2.5
Now when you want some bills you can say hey bank, I need $1m bills to do things, I have a $2.5m structure that generates about $800k a year
The bank says absolutely have some ficking bills.
Those $1m bills count as debt.
Use the $800k the property produced to pay the debt.
Be 200k in debt next year.
Write that off against.the 800k earned prior year.
Looks like you lost $200k
Because you did, technically.
Anyway that's real simplified but... yeah that's how it works. And that's how it works forever.
People think that when you buy real estate or even shares, your money is "gone". That's the problem. But they are super down to buy a car and trade it for 1/10vakue later.
Not super down to buy an asset and have it retain 99% of its value or even grow in value while still producing income lol.
Anyway. Hope this inspires some of you to research more. The rich get richer because of this knowledge, not because of luck.
So instead of paying taxes at, say, 25% of the 800k (200k) you pay no taxes and have used the $1million to buy another asset that produces even more income... it's a helluva system.
(800k income on $2M investment is a yield of 40%, in reality it's going to be more like 4% or 80k but still, interesting)
The thing is, his actions are common practice. He knows how things work, or rather his attorneys do.
these people buy/sell/trade condos in buildings that don't exist yet.
they can generate several million laundering foreign cash very quickly.
if they want to stick trump with it... to illegitimatize the method there will be a condo crash + bank crisis in FL. the lawyers will love it, tho.
what would u do with a million dollars worth of parking lot spaces? what if you owned a majority of commercial taxi permits/cpnc/medallion? what if you could bill medicare whatever you wanted to and they paid out with no questions asked?
Yeah if this is the case, the owner thar I manage property for does this... all the time. I mean. This has been a thing for a long, long time.
Normies are just going to be surprised to here it I guess lol.
Yeah turns out real estate is just a big piggy bank.
When you buy a $2.5 mil thing
You didn't LOSE $2.5 mil
You just turned $2.5 bills into a structure valued about $2.5
Now when you want some bills you can say hey bank, I need $1m bills to do things, I have a $2.5m structure that generates about $800k a year
The bank says absolutely have some ficking bills.
Those $1m bills count as debt.
Use the $800k the property produced to pay the debt.
Be 200k in debt next year.
Write that off against.the 800k earned prior year.
Looks like you lost $200k
Because you did, technically.
Anyway that's real simplified but... yeah that's how it works. And that's how it works forever.
People think that when you buy real estate or even shares, your money is "gone". That's the problem. But they are super down to buy a car and trade it for 1/10vakue later.
Not super down to buy an asset and have it retain 99% of its value or even grow in value while still producing income lol.
Anyway. Hope this inspires some of you to research more. The rich get richer because of this knowledge, not because of luck.
So instead of paying taxes at, say, 25% of the 800k (200k) you pay no taxes and have used the $1million to buy another asset that produces even more income... it's a helluva system.
(800k income on $2M investment is a yield of 40%, in reality it's going to be more like 4% or 80k but still, interesting)