The Darwinian Doctor In this PPhREI Network roundup, ask yourself “How much is enough,” learn why not to sell your investment properties, and learn how I got a $105k tax refund this year.
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Carpe Diem MD
In this insightful and heartfelt post, Ian Cook asks us: How much is enough? He goes over his motivations for getting into short term real estate investing and discusses his Catholic guilt about accumulating assets. He throws the question back on us too, and challenges us to think about our motivations for all that we do. At the end of another year full of real estate investing, I found it helpful to consider this question.
I’ve written before how a lot of my actions as an adult are a reaction to financial scars from my youth. I think this makes it a little difficult for me to tell when I’ve hit “enough.” For now, I continue the quest to moFIRE.
Read the original post on the Carpe Diem MD blog: How Much is Enough?
The Darwinian Doctor
I’ve been reviewing data from our short term rentals for the next installment of Anno Darwinii, and was reminded of the other benefits of short term rentals. For full-time high income professionals, STRs can be one of the best tax havens to shelter your income. I took advantage of this technique in 2021 and received a > $100k tax refund from the IRS.
Although recent interest rates might make buying real estate seem difficult right now, it’s important to consider the ancillary benefits of a real estate business. For many of us, those ancillary benefits can be huge!
Read the original post on the Darwinian Doctor blog: How a Cost Segregation with Engineered Tax Services got me a $105k Tax Refund
The Prudent Plastic Surgeon
To finish up our roundup, Jordan Frey gives us 3 reasons not to sell your investment properties. Like Jordan, my wife and I get a lot of solicitation from other real estate investors who want to buy one or more of our properties. When I finish moving our assets into our asset protection structure, these phone calls will mostly stop.
Also like Dr. Frey, we are buy and hold investors and we haven’t reached our desired level of financial independence. Until that happens, we will hold onto any assets that cash flow, unless we are going to trade one property for another.
Read the original post on the Prudent Plastic Surgeon blog: Top 3 Reasons We Don’t Sell Our Investment Properties
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