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The HENRY Investor

Public • 165 • Free

4 contributions to The HENRY Investor
I just got into contract on Property #5!
Hey all, If you attended the meetup last night - you know that I am under contract as of yesterday for a duplex in TX. I asked my Cost Segregation guy to give me an estimated Cost Segregation to give me an idea of what I could claim for Bonus Depreciation this year for this duplex. Here is what he sent me. I can claim close to $87,000 for bonus depreciation for this property. Since I'm closing at the start of December, I'll only have about $4000 of total rental income collected. Meaning I'll be reporting close to $90,000 of passive losses from this one property - which should reduce my taxable income by $90,000 - and saving me about $35000 in taxes this year from this one property. Just thought I'd share! BTW: My cost seg guy is sam@resurefinancial.com - just let him know Michael Hyun sent you. LETS GET SOME DEALS DONE THIS YEAR!
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New comment 5h ago
I just got into contract on Property #5!
1 like • 5d
Congrats Michael!! So inspiring!!
Awesome Property Analyzer Tool!
I just found this new property analyzer tool - I highly recommend you guys bookmark this for future use! https://www.propertycalculator.co/ I typically use 5% for vacancy and 3-5% (Depending on if its new or older home) for capital expenses.
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New comment 10d ago
0 likes • 10d
Thankyou for sharing Michael🙏🏼🙏🏼
GOLDEN advice from Ryan Pineda for High Earners
You guys need to hear this - CASHFLOW isn't the main way you get wealthy in real estate investing. Its about APPRECIATION, DEPRECIATION (BONUS DEPRECIATION IS DEPRECIATION ON STEROIDS), and PRINCIPAL PAYDOWN. Guys, this is THE HENRY METHOD! Listen to this golden snippet from Ryan Pineda (Start at 17:10 - 20:30)
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New comment 27d ago
GOLDEN advice from Ryan Pineda for High Earners
0 likes • 27d
Extremely valuable! Thankyou @Michael Hyun !!
Pace Morby uses the HENRY method too!
You guys need to watch this video. He makes 1. Income from wholesaling and flipping 2. Invests into real estate to avoid taxes completely 3. Reinvests profits back into his business That’s the HENRY METHOD! The only difference between what Pace does and what I do, is that our INCOME step is different. He makes millions of dollars from wholesaling and flipping, but most of you already have a high income. The income source can come from whatever - it doesn't need to be flipping/wholesaling - but it needs to come from somewhere. The common area between me and pace is steps 2 and 3. You need to buy and hold real estate if you want that benefit of paying less taxes and re-investing those tax savings. Pro tip: Watch it on 1.25x speed
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New comment Oct 5
Pace Morby uses the HENRY method too!
1 like • Oct 5
This is awesome!!! Thank-you for sharing!
1-4 of 4
Reshmi Aryal
1
3points to level up
@reshmi-aryal-8200
I’m thrilled and eager to learn the ins and outs of buying and selling homes and to connect with experienced professionals :)

Active 5d ago
Joined Oct 4, 2024
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