It's Ken McElroy here and back at popular request. Mr. Robert Helms with the real estate guys, Robert what's going on.
Ken McElroy has been in the real estate industry for 30+ years and has over $1 Billion in real estate assets. What makes someone successful in this industry? And what can you learn from his 30+ years of experience?
Did you know that one of the benefits of owning real estate is that some of the income you generate can be taxed at a lower rate? This is called a Capital Gains Tax, and it applies to assets that you hold for more than one year. Currently, the capital gains rate is about 20% depending on the scenario.
There are four major ways that you can benefit from these rates.