“The first rule in real estate is 0PM. Never forget that.”
“What’s 0PM?”
“Other people’s money. What makes real estate a great business
is that the government lets you take deductions on interest and depreciation while your assets keep growing. The three most important things in real estate are location, location, and location. A beautiful building up on a hill is a waste of time. An ugly building downtown will make you rich.”
wht else u knw abt real estate… 
Re: ~ Real Estate ~
"The first rule in real estate is 0PM. Never forget that." "What's 0PM?" "Other people's money. What makes real estate a great business is that the government lets you take deductions **on interest and **depreciation while your assets keep growing. The three most important things in real estate are location, location, and location. A beautiful building up on a hill is a waste of time. An ugly building downtown will make you rich."
what do you mean by deduction on depreciation?
Re: ~ Real Estate ~
what do you mean by deduction on depreciation?
In the USA (and maybe Canada has similar Tax Laws), you get a kick back from Uncle Sam in the amount of your Tax bracket on Morgage Interest paid. i.e if the interest paid in a year amounts to $20,000/-, and you are in the 35% Tax bracket, you will recieve $7000/- back from the IRS.
Depreciation is allowed on rental property as business expense over 15 to 27 years depending on type of property.
Borrowing Money keeps a whole lot of people employed........:)
Re: ~ Real Estate ~
these r the tricks tht u apply for making money … deduction with low interest rate …and depreciation of ur real estate with the passage of tim… 
wat makes u think 0=o 
?
other didnt mean gupies money 
Re: ~ Real Estate ~
and how do u take money from others? 
Re: ~ Real Estate ~
In the USA (and maybe Canada has similar Tax Laws), you get a kick back from Uncle Sam in the amount of your Tax bracket on Morgage Interest paid. i.e if the interest paid in a year amounts to $20,000/-, and you are in the 35% Tax bracket, you will recieve $7000/- back from the IRS.
There is a difference in "tax break" and "tax refund", you get a "tax break" on your mortgage payments.
[quote]
Depreciation is allowed on rental property as business expense over 15 to 27 years depending on type of property.
[/quote]
I don't think you can claim "depreciation" on "real estate", you can claim "depreciation" on other business properties like machinery, car/truck, computers etc.
Re: ~ Real Estate ~
nahii woo khud hee dai tai hainnn
Re: ~ Real Estate ~
did u learn this from ur work
Re: ~ Real Estate ~
^^ Nahin, madressay mein aaj ka sabak tha yeh
Re: ~ Real Estate ~
learn ths from my experiences …
We’re going to start our own construction company..We have the crews. We’ll rent them out to other builders…
“Cameron Towers” A New Proejct in ISLOO LIK wondered what Freud would have made of that…
Cameron’s reputation is growing. Cameron Enterprises is putting
up a high rise in Khi, a shopping center in PINDI , A Shoping mall in lahore . There was a low-cost housing project being constructed in towns and a block of condominiums in Faisalabad … Capital flowed in from banks, savings and loan companies, and eager private investors… bla bla bla …
