Wealthy individuals use real estate and Bitcoin to cut taxes
Grant Cardone, CEO of U.S. real estate investment firm Cardone Capital, explained how wealthy people operate by borrowing against assets instead of selling them.
In real estate, rising rents can allow an owner to refinance roughly every seven years, recover the original capital while still keeping the property, and pay no income tax on the refinancing proceeds.
Cardone is combining this model with Bitcoin, using real estate projects to fund Bitcoin investments while also generating cash flow and tax write-offs.