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hud 91gt · 06-16-2021, 05:06 AM

I believe there was a large report put out in the US regarding the most wealthy and their legal tax evading strategies. The use of tax deductible “investment loans” were the name of the game. Once you start selling your investments, you end up paying taxes.

^^^ I’d say your 100% right. The equity gained in property value is your borrowing power. Even in Canada, if another loan is used to “invest” that interest on the loan is tax deductible. You sell a property, and go through all the associated costs your not gaining much. You hold, use that equity for more tax deductible loans, your investments can compound that much quicker.

God damn rich folk. Lol.

06-16-2021, 05:06 AM	#18808
hud 91gt RS.net, helping ugly ppl have sex since 2001 Join Date: Feb 2002 Location: Vancouver Posts: 8,418 Thanked 4,039 Times in 1,561 Posts Failed 35 Times in 27 Posts	I believe there was a large report put out in the US regarding the most wealthy and their legal tax evading strategies. The use of tax deductible “investment loans” were the name of the game. Once you start selling your investments, you end up paying taxes. ^^^ I’d say your 100% right. The equity gained in property value is your borrowing power. Even in Canada, if another loan is used to “invest” that interest on the loan is tax deductible. You sell a property, and go through all the associated costs your not gaining much. You hold, use that equity for more tax deductible loans, your investments can compound that much quicker. God damn rich folk. Lol. __________________ Crush - 1971 Datsun 240z - Build Thread The Daily - Rav4 V6 - “Goldilocks” Last edited by hud 91gt; 06-16-2021 at 05:48 AM.