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@corinatello Жыл бұрын
wohooo, looking forward to it!
@teresa90952 жыл бұрын
We just did this very thing. We sold the big house since the kids grew up and moved out. We bought a nice single level that we wanted anyway. There was enough equity to purchase the new primary house and add 5 more properties to our portfolio. I like the idea that we didn't have to "downsize" our lifestyle, just our location!
@castlerc2 жыл бұрын
Same here. Selling my big house and moving into one of my rentals. Paying off my mortgage’s on my 8 rentals. Retire.
@johanoncalvin87 Жыл бұрын
"Move a county over". Around 20:00 mark. I moved to a nice quiet county outside the city with a big backyard
@alexp2473652 жыл бұрын
I needed this coaching 20 years ago!
@cbbcbb68032 жыл бұрын
In a lot of places rent is between $500 and $1,000 per month. In rural areas it could be even less!
@kfeng082 жыл бұрын
Thanks. Rethinking the methods and sticking to it is the key.
@earljohnson74432 жыл бұрын
Always so enjoy your thoughts and advice. You have a straight forward approach.
@youmayberight2434 Жыл бұрын
Thank you. Great information!
@TobyMathis Жыл бұрын
Thanks for watching!
@jo93642 жыл бұрын
Your 🐈 cats are adorable! Great info, but I'm too old with too little money to do it. Still enjoy your videos. 😊
@andreag17323 ай бұрын
Cats are really cute❤
@teslarex2 жыл бұрын
Great video. Like you said, higher end homes usually don’t rent for enough to make it worth it. In california the cap rates are not attractive🙁
@terenceeans15778 ай бұрын
Your the guy!!!! Thank you!!!
@TobyMathis8 ай бұрын
Glad to help
@shawnjackson8026 Жыл бұрын
You are nailing this, Toby! I would give you 1000 thumbs up if I could. I love your content. You’re very gifted. Please keep this up. Love you, man!
@TobyMathis Жыл бұрын
Wow, thank you!
@larryclark7778 Жыл бұрын
So glad I found you Sir. You are truly changing my path forward for the better.
@TobyMathis Жыл бұрын
Glad to help!
@no-bq8hv Жыл бұрын
Toby, you are the best. Thank you!
@ocwronski Жыл бұрын
Thank Toby! Great video.
@nightdipper5178 Жыл бұрын
Great information. Good Work!
@bobjohnson17372 жыл бұрын
always solid content, great stuff!
@alanavalencia9204 Жыл бұрын
Cute cats!
@maryjelle7144 Жыл бұрын
Your cats are amazing!
@TobyMathis Жыл бұрын
Glad you enjoyed the pics =)
@susanrutherford204611 ай бұрын
If I sell my $750,000 primary residence, and replace it with a $375,000 residence will I have to pay capital gains taxes on the amount of reduction, $375,000?
@kapdolkim1914 Жыл бұрын
We will rent luxury. We have many great income properties and live in one that will generate a lot of income. Where we live the price difference between standard homes and nicer homes is not much. People who can afford nicer homes tend to just buy instead of rent.
@matthewellis30042 жыл бұрын
another banger
@teslarex2 жыл бұрын
How about a 10 million dollars NNN 6 cap? 600,000 per year net income NOI. Inside of LLC/S corp. In Vegas no state income tax. Push some to your 501c3 . Let kids run iLLC and 501c3 and get paid. No Lambo but Tesla S Plaid or Roadster😀
@mimojadi2 жыл бұрын
Haha now you’re talking! Especially with kiddie income.
@har83972 жыл бұрын
...sooo, essentially BURL, but trade DOWN AND hope that you're doing this in a raising market like 2021 as opposed to a falling one like 2023.... finally, you also would need a 12 to 18 month cash cushion to ride while the covered calls get assigned bc there's no such thing as "passive income" ... risk is work transferred.
@toddspangler66692 жыл бұрын
That's why many people call it "semi-passive" income. There is some work to be done, but not a lot. Risk, however, isn't part of the definition but it's good to be cautious.
@rickcampbell49202 жыл бұрын
Thanks Toby!
@Convert962 жыл бұрын
The cats look just like you!
@eldonbirth54292 жыл бұрын
Thanks for the good information
@dannymccubbin61332 жыл бұрын
Any help with a good tax man in Maryland that knows all the investment Real estate deductions.
@TobyMathis2 жыл бұрын
Anderson services Maryland, let us know if you are interested in learning more!
@toddspangler66692 жыл бұрын
Yeah, whenever someone talks about the 4% rule or FIRE, they always put in how long the think they will live as part of the calculation.....really....if your death date is part of a financial algorithm, maybe you need a different algorithm.
@Patriot_Lady17762 жыл бұрын
I'd like to set up a Living Trust for my mom ( and myself). What do you recommend.? Thank you.
@TobyMathis Жыл бұрын
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
@amyy85642 жыл бұрын
Yes we don’t need
@karikasumi8883 ай бұрын
Now I'm hot and lonely. 🤣🤣
@barrymitchell7732 Жыл бұрын
Can u please get to the point.
@glorgau2 жыл бұрын
Ugly cats. I'd sell them or put them out for rent as mouse hunters.