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Investor in Tech and Real Estate I Helping Co-Investors Generate Passive Income & Build Lasting Wealth
Warren Buffett has an impressive net worth of $148.8 billion today... He's also the source of the best financial advice I've ever received. In his 1988 annual letter to Berkshire Hathaway shareholders, Buffett shared a simple yet powerful thought: “Our favorite holding period is forever.” While he was referring to his investment strategies, I believe this concept applies particularly well to real estate. In real estate, selling can be costly. Selling = taxes However... Cash-Out Refinancing = Returning your capital without incurring taxes Adopting a "forever" mindset regarding your holding period allows you to: ? Assess properties from a different perspective. ? Maintain a long-term outlook. ? Reduce tax liabilities. What’s the best investing advice you’ve ever received?