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Tuesday LIVE Call with Michael is happening in 7 days
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1. Just Joined? Start Here
1. Download the mobile app (Skool) 2. Visit the Calendar page and click "Add events to your Google Calendar" 3. 🔥 Create your First Post (Ask a question that you think a lot of people also have) Now, Let's get some deals done!
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Gorav S
Michael Hyun
Jerome Ilagan
Steve N
Nazif Ali
New comment 15h ago
1. Just Joined? Start Here
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2. What is the HENRY method?
TLDR: The HENRY method prioritizes growing Net worth over Cash Flow (at least at the beginning of your investing journey). There are three pillars in the HENRY real estate investing method. 1. Make (High) Active Income 2. Avoid Taxes on Active Income 3. Re-Invest Tax Savings You are in this group because you have already achieved the first step in the HENRY method. Steps 2 and 3 become more enticing for people with large tax bills - which is why this strategy is more effective for HENRYs than it is for lower income earners. Let's assume you use the HENRY method to avoid 50% of your $80,000 federal income tax liability for that year (I successfully avoided 98% of my federal income tax liability of 80k in 2022 - and yes, I worked with a tax professional). That means you would've saved $40k in taxes - which you can now re-invest into other assets. 💥 BOOM! 💥 Now imagine what that would look like if you did this every year for 5 years. Lower-income earners looking to invest in real estate prioritize cash flow - their goal is typically 10k a month in passive income. Now, that's not a bad goal to have - I'd argue that is the END goal - but it shouldn't necessarily be the initial focus for HENRYs. **The HENRY method prioritizes net worth growth over just cash flow by analyzing a real estate investment on a holistic level considering tax savings and equity growth - and not just cashflow, cashflow, cashflow.** In other words: "The goal isn't 10k in cashflow in 5 years - the goal is a net worth of $3,000,000+ in 5 years" This should be everyone's goal - because if you can achieve a net worth of $3M (or more) in a short period of time, you can always "trade" your assets (while avoiding any taxes) for highly cash-flowing assets. (And cashflow much more than $10k a month). The end goal is the same - but the HENRY Method is ideal for High Earners because:
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Michael Nguyen
Michael Hyun
Visai Lor
Ignacio Juarez
New comment 24d ago
2. What is the HENRY method?
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3. What topic are you most interested in?
Click here to vote on the poll below! You can see who else is interested in your topic!
Poll
25 members have voted
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Michael Hyun
Raki Muthyam
Beverly Yang
Eileen Moore
Zayba Shaikh
New comment Sep '24
3. What topic are you most interested in?
15% Tax to STRs in CA
What is your opinion on the new CA law: Labor Force Housing Financing Act of 2023, will add a 15% tax to STRs, like Airbnb, and go into effect on January 1, 2025
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Michael Hyun
Tyler S
New comment 14h ago
3.5% Subto $1,000mo cashflow 👀
Chicago, illinois PITI $1,273.31 Rental rate: $2,272 Assignment Fee : $40,0000
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Michael Hyun
Joel Valencia
Beatric Opoku-Asare
New comment 15h ago
3.5% Subto $1,000mo cashflow 👀
Happy New Year!
I just want to say thank you to all who have joined and I hope you all buy some real estate in 2025!! Let’s go!!
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Happy New Year!
2.875% Subto in Fremont, CA
Hey everyone, our team locked up a Subto deal in Fremont California. This is 3bed 1.5bath townhouse. We are looking to wholesale this deal. Please send me a private message for more details. Looking forward to connecting with everyone.
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Ryan Yee
Joel Valencia
Michael Hyun
Sandy Jandhyala
New comment 5d ago
2.875% Subto in Fremont, CA
No weekly calls for the next two weeks!
Enjoy the holidays and let’s meet the second Tuesday of Jan!
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Tim Dixon
Michael Hyun
New comment 9d ago
Funding for Large Multifamily
Does anyone know any commercial lenders or financing options for larger multifamily. I came across a possible deal for 10+ units and wanted to explore financing options. If there's any lenders that you know of that can help with this let me know. I've heard it's usually 30-35% down, higher rates and 20-25 years instead of 30 year fixed but want to hear if anyone else has experience and can think of ways for me to put less down.
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Michael Hyun
Nick Nayak
Yu Liu
Jason Lee
New comment 9d ago
Closed on PROPERTY #5!
We just closed on Property #5! If you want the breakdown of the deal - go watch the deep dive I did on this deal a few weeks ago in the classroom replays! It’s a duplex in TX that should cashflow about $2,000 a month once stabilized! LETS GO!!!
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Yuki Sorri
Michael Hyun
Yu Liu
Jason Lee
Tim Dixon
New comment 10d ago
Closed on PROPERTY #5!
Bonus Depreciation is Coming Back!
I was watching the latest interview with Donal Trump where he talks about what he’ll do in the first 100 days of his administration. The two things he said are 1. The border 2. Extending the Tax Cuts And Jobs Act The tax cuts and jobs act is the bill which contained bonus depreciation! Can’t wait for the years to come! Watch the first minute of the video below!
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Jafer Rizvi
Michael Hyun
New comment 12d ago
Bonus Depreciation is Coming Back!
My Go-To Cost Segregation Company
I've worked with RE Cost Seg for my last two Cost Segregations. They provide estimates quickly and the Cost Seg is cheaper than some of the other places I've gotten quotes from. The link is also in the classroom tab resources.
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Rahul Arora
Michael Hyun
Jason Lee
New comment 14d ago
Deal partnership
I recently acquired a triplex and am now managing my cash flow for the year. Therefore, I'm seeking a 50/50 deal partner for a Short-Term Rental (STR) investment opportunity in Ohio. The property details are as follows: - Property type: 6-bedroom Single Family Home (SFH) - List price: $470,000 - Projected annual revenue: $95,000 - $110,000 (based on Airdna, Bnbcalc, and Rabbu estimates) - Location: Ohio (city with favorable STR regulations) - Permit process: Apply and receive within 30 days - Current status: Not currently an STR - Setup costs: Approximately $30,000 for furnishings Reach out if you want to partner and are looking to do STR investments.
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IM ON BUSINESS INSIDER.. for the 3rd Time
I didn’t pay for this - the reported just saw my content and reached out. This is about the Subject to/ seller financing strategy I talk about in my videos. @Thomas Kim is doing the same thing - he’s getting a 3.75% interest rate right now! Pretty awesome thing to learn and understand. https://www.businessinsider.com/real-estate-investing-how-to-get-low-mortgage-rates-2024-11
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Reshmi Aryal
Bert Hall
Nick Nayak
Michael Hyun
Usman Khan
New comment 16d ago
IM ON BUSINESS INSIDER.. for the 3rd Time
KC CPA referral wanted
New here. I am looking for a CPA in the Kansas City area that can help with cost segregation/bonus depreciation/RESP strategy. My CPA is not familiar with this and recommended I find a different CPA.
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Michael Hyun
New comment 16d ago
Sacramento Subto Deal 4.75%
7848 Rosswood Dr, Citrus Heights, CA 95621 4bed 1 bath 1,215sqft 6,970sqft lot $427,204 balance 4.75% $3,175.65 PITI $39,000 Entry +$1,500 closing costs Vacant 27.5yrs left on the loan
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Joel Valencia
Raghav Singh
Marco Medina
Michael Hyun
New comment 16d ago
Sacramento Subto Deal 4.75%
200 MEMBERS! Whats your goal for next year?
hey guys - I want to know what your goals are for next year. Comment below and let's make it into a reality!
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Michael Hyun
Janet Cattaneo
Tim Dixon
New comment 18d ago
200 MEMBERS! Whats your goal for next year?
New video!
What is the best job combination for married couples? My tax strategist agrees with me - this is the Shaq and Kobe job combination!
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Bert Hall
Vinh Tran
Raghav Singh
New comment 19d ago
New video!
Saving Taxes on Tiny Homes (second opinion)
I asked Amanda Han - author of the Biggerpockets book on Tax Strategies for Real Estate. Here’s what she said about the large deductions on tiny homes.
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Geno Thompson
Ryan Yee
New comment 20d ago
Saving Taxes on Tiny Homes (second opinion)
Anyone interested in writing off their W2 taxes the easy way?
My partner in Subto created a way to write off all your W2 tax liability using Tinyhomes. For every $50k down you can write off $366k (edit I forgot to take 60% bonus depreciation on the $660k) of your income and you'll get ownership of 50% of a tinyhome that will be rented out and fully managed by the group on Airbnb.
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Michael Hyun
Ryan Yee
Andy Xiang
David Kelly
Yu Liu
New comment 20d ago
HENRY WEEKLY CALL: My Income Plan for 2025
I will be sharing my income plan for 2025 at 6pm PST. The HENRY Method has 3 steps - and Income is Step # 1. It's what most of us should be focusing most of our time on. So show up and let's share each others' income plans and how we plan to raise our income in 2025.
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Gabe Williams
Michael Hyun
Jerome Ilagan
New comment 21d ago
What out about charitable LLCs
https://www.irs.gov/newsroom/irs-alert-charitable-contribution-scams-on-the-rise-taxpayers-beware-of-those-promoting-fraudulent-schemes?utm_campaign=Contact%20us%20page&utm_medium=email&_hsenc=p2ANqtz-9ge-FFEpcmznN1JSPwivM2GOnDM3ziwJu3mCi414MypUNOgDsTyAeCQZsv6zkw1ku-KLEhUct0RRlANrARZaFWDMYinA&_hsmi=337496527&utm_content=337496445&utm_source=hs_email#:~:text=In%2520the%2520%E2%80%9CCharitable%2520LLCs%E2%80%9D%2520scheme,the%2520LLC%2520to%2520a%2520charity
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Michael Hyun
New comment 24d ago
Tuesday @ 6pm: Reduce W2 Income with Tiny Homes
@Ryan Yee and I will be going live to talk about Tiny Homes and why you can get massive tax benefits for investing into them. We'll see how you can leverage tiny homes into reducing your W2 income tax bill significantly.
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Michael Hyun
Kamil Pokora
New comment 28d ago
Tuesday @ 6pm: Reduce W2 Income with Tiny Homes
Recommend DSCR lenders
What DSCR rates are folks seeing at 20% DP, any recommendations on preferred lenders?
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Michael Hyun
New comment 29d ago
Looking for deals in CA w/ 2-3% mortgage rates?
Join us TODAY @ 6pm for a call with a wholesaler and real estate investor who finds subject to deal in CA and Colorado with 2% and 3% int rates. We’ll be talking about - His latest deal in Fremont CA with a 2.875% mortgage - how he finds deals - how you can buy deals from him - how you can partner with him to build your portfolio
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Joel Valencia
Reshmi Aryal
New comment Nov '24
Looking for deals in CA w/ 2-3% mortgage rates?
Joshua Tree, CA. Unique high producing STR!
63982 Chollita Road, Joshua Tree, CA 92252 Glamping trailer, gorgeous outdoor space. https://www.airbnb.com/rooms/52268086 Comes fully furnished. On target to earn 140k by year end. (Seller stacked terms in his favor, I would offer different terms, down seems most important to him). Price: 599k Down: 240k Interest Rate: 8% Seller Financing: 359k PI: $2,634.21/mo. Taxes: $1000/yr. Insurance: $2600/yr. Not quite the right deal for you? Check out my Available property folder for more options.
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Michael Hyun
New comment Nov '24
$300k Profit Fix and Flip Deal Analysis
Here's the live call with @Vinh Tran on his latest flip deal in SoCal that will profit $300k in just 3.5 months!
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$300k Profit Fix and Flip Deal Analysis
DEAL ANALYSIS TONIGHT @ 6PM
@Vinh Tran will be doing a deal analysis of a flip that he has got under contract! See you all at 6pm PST!
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DEAL ANALYSIS TONIGHT @ 6PM
Tax strategist check Ryan Bakke
Anyone used Ryan Bakke for tax strategy? Asking 5K for annual package with strategy consultations, just trying get inputs if anyone aware of him and how’s service. https://www.instagram.com/learnlikeacpa?igsh=MzRlODBiNWFlZA==
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Michael Hyun
New comment Nov '24
Google Template: STR Property Calculator with Bonus Depreciation
Hey y'all thought I'd share my Creative Finance STR Underwriting spreadsheet: 1. Template for underwriting STR deals accounting for all expenses and considerations 2. Bonus depreciation write off calculator based on your annual income, filing status, and property purchase price tinyurl.com/ryanyee-sheet It's a bit hard to follow and don't have time to do a full tutorial and write up on it now but thought I'd share.
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Reshmi Aryal
Michael Hyun
Bert Hall
New comment Nov '24
great to be here!
hey y'all, my name is Max and I am real estate investor, realtor and wholesaler based on out of Austin. Excited to join the community, learn from everyone and do some deals - thanks for the invite @Michael Hyun !
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Michael Hyun
Bert Hall
Max Son
New comment Nov '24
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The HENRY Investor
skool.com/the-henry-investor
A Community for High Earners but Not Rich Yet (HENRY) to Build Generational Wealth
Founded by Michael Hyun
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