My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Reduce taxable income while building wealth through real estate investments
High-income entrepreneurs and business owners with significant annual income
1-5 years for full implementation and benefitsWhat Success Looks Like
Significantly reduced tax burden while building real estate portfolio that appreciates over time
Steps to Execute
Ensure spouse qualifies as real estate professional for tax purposes
Identify experienced real estate investment partners with track record
Deploy cash from high-income year into real estate deals
Use depreciation to offset active income on tax returns
Reinvest returns into additional properties for compound growth
Checklist
Inputs Needed
- Significant annual taxable income
- Cash available for real estate investment
- Spouse willing to become real estate professional
- Trusted investment partner or deal flow
Outputs
- Reduced current year tax liability
- Real estate portfolio generating returns
- Ongoing depreciation benefits for future years
Example
“Entrepreneur making $500K annually partners with experienced real estate investor, deploys $200K into properties, uses depreciation to eliminate taxes on $150K of income while properties appreciate 8% annually”