“It is absolutely possible to make more money and pay less tax,” says Wheelwright, CEO of Tempe, Arizona-based WealthAbility®. “You just need to understand how the tax law works. And, because real estate investors have access to more tax incentives than just about any other industry, they have a great opportunity to build tax-free wealth.” Savvy investors know the secrets to accelerate wealth creation. I recently had an opportunity to sit down with Tom Wheelwright®, CPA, the best-selling author of Tax-Free Wealth and The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make, to learn more. 2 Investing in multifamily real estate properties and apartment buildings is a fantastic opportunity to create wealth and financial stability. But if you aren’t careful, inflation and taxes can erode your returns. SECRETS TO ACCELERATING WEALTH CREATION THROUGH REAL ESTATE INVESTING: How technology and tax deductions improve results, Part 1
WEALTH CREATION SECRET #1: USE TECHNOLOGY TO IMPROVE NET OPERATING INCOME
Net operating income, or NOI, is an important factor for both buying a property and setting its budget. Real estate investors also use net operating income to figure out the property’s capitalization rate. This, in turn, gives the investor an estimated return on investment of their real estate property. A positive NOI helps a real estate investor get a preferred loan rate and possibly attract other investors or even a new buyer.
A POSITIVE NOI HELPS A REAL ESTATE INVESTOR GET A PREFERRED LOAN RATE.
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