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5 year old son closing on first investment property a week from tomorrow (CSLG)

My son is in escrow for a single family home in the valley (...
Big Pit Boiling Water
  08/07/22
Your daughter: https://m.youtube.com/watch?v=SIdxVR_7ikg
Turquoise Private Investor Gas Station
  08/07/22
...
Filthy Parlor
  08/09/22
...
Big Pit Boiling Water
  08/09/22
How much is the property?
Zombie-like rehab
  08/07/22
Under 900K. I got a great deal since the owners bought a new...
Big Pit Boiling Water
  08/07/22
How are you handling the gift tax?
Zombie-like rehab
  08/07/22
I'm just going to have to reduce my lifetime exemption. Does...
Big Pit Boiling Water
  08/07/22
Do the sellers hate you now?
light dilemma nibblets
  08/07/22
I think they actually appreciate that I'm closing on their h...
Big Pit Boiling Water
  08/07/22
Lol classic — trick the goyim and make the goy think H...
at-the-ready center codepig
  08/07/22
CR
Big Pit Boiling Water
  08/07/22
...
at-the-ready center codepig
  08/07/22
...
fighting drab lettuce
  08/07/22
jfc goyim are hopeless
lascivious area partner
  08/07/22
...
apoplectic multi-billionaire toilet seat
  08/07/22
Only 3500 a month for a mil property in Cali?
Odious bistre nursing home
  08/07/22
Cap rates in CA are super low. You are making a lot of your ...
Big Pit Boiling Water
  08/07/22
Sick RSF neg
light dilemma nibblets
  08/07/22
How? I love RSF. I would love to get beer with him, brother....
Big Pit Boiling Water
  08/07/22
Why would RSF want retarded kids?
scarlet ungodly crotch piazza
  08/07/22
Honestly expected this to be a FLW thread from the title.
Violet Razzle Public Bath Legend
  08/07/22
We workshopped this one together
Beady-eyed step-uncle's house
  08/07/22
You still jumping on the 8pm call tonight with me, Kamalasex...
Big Pit Boiling Water
  08/07/22
same, 100%. was legit shocked when it was real.
Khaki Floppy Faggotry
  08/07/22
...
Yapping Electric Range
  08/07/22
180 brother. Will you put your son as of counsel on your ...
Crawly Talented Address
  08/07/22
I wouldnt want my son to be a lawyer. RSF finds satisfaction...
Big Pit Boiling Water
  08/07/22
and if market crashes you can get out of it because k is not...
Razzmatazz twinkling factory reset button
  08/07/22
Im already buying 10% under market. Market wont crash that m...
Big Pit Boiling Water
  08/07/22
I'm just saying, have him sign the deal docs
Razzmatazz twinkling factory reset button
  08/07/22
Are u worried about ur son being a nowag incel
Bright theater stage
  08/07/22
No. Im going to teach him how to talk to girls when he gets ...
Big Pit Boiling Water
  08/07/22
Lmao
titillating kink-friendly double fault brunch
  08/07/22
Do u think girls will want to talk to some short Asian dork?
Bright theater stage
  08/07/22
You have no idea how women work, brother. Email happy to hel...
Big Pit Boiling Water
  08/07/22
this board is 80% Asian. we know
titillating kink-friendly double fault brunch
  08/07/22
Calling a plumber
lake aphrodisiac library chad
  08/07/22
This is just incredible on so many levels. You're taking car...
hairraiser chrome business firm stain
  08/07/22
Lol
lake aphrodisiac library chad
  08/07/22
disco fries poasting is reaching truly remarkable levels. it...
beta set
  08/07/22
Im juat trying to be a good and supportive father, brother.
Big Pit Boiling Water
  08/07/22
We all are brother. We’ve gotta raise up this generati...
hairraiser chrome business firm stain
  08/07/22
this thread manages to come off as kikey even for xo. congra...
provocative sex offender yarmulke
  08/07/22
Have you read my posts before, brother?
Big Pit Boiling Water
  08/07/22
yeah this isn't quite at the level of the paper sushi plates...
provocative sex offender yarmulke
  08/07/22
Was gonna say... Incredibly Jewish post. Especially the &quo...
lake aphrodisiac library chad
  08/07/22
agreed.
provocative sex offender yarmulke
  08/07/22
why would a jew teach his son to do a $150 kitchen repair th...
at-the-ready center codepig
  08/07/22
(Bob Williams, Prole Goy Mr. Fixit)
lascivious area partner
  08/07/22
This always strikes a nerve with board jews for some reason....
lake aphrodisiac library chad
  08/07/22
Why would I want my kids to be poor? Wouldn't it be better t...
Big Pit Boiling Water
  08/07/22
Lol
lake aphrodisiac library chad
  08/07/22
180. How much rent can he charge his future mother in law?
Histrionic kitty cat
  08/07/22
Hopefully a lot. Cant give people free rides, brother!
Big Pit Boiling Water
  08/07/22
lmao so (((this))) is why private home ownership is in decli...
idiotic snowy corner therapy
  08/07/22
More people should start businesses, brother.
Big Pit Boiling Water
  08/07/22
Having the personal wealth to navigate the tax code to profi...
idiotic snowy corner therapy
  08/07/22
You'd be doing the exact same thing if you were in his posit...
Turquoise Private Investor Gas Station
  08/07/22
(guy being sued by multiple people for nonpayment of debt an...
Khaki Floppy Faggotry
  08/07/22
I am in the right here.
Turquoise Private Investor Gas Station
  08/07/22
CR
Big Pit Boiling Water
  08/07/22
I'm not saying I wouldn't be exploiting the poors in this si...
idiotic snowy corner therapy
  08/07/22
How is it exploiting? Being a landlord provides a valuable s...
Big Pit Boiling Water
  08/09/22
...
Big Pit Boiling Water
  08/07/22
So he gets capital gains taxed at the 2022 cost basis on inh...
Beady-eyed step-uncle's house
  08/07/22
oh god dammit does that actually work
provocative sex offender yarmulke
  08/07/22
Basically he'll pay zero taxes. He will have a paid off hous...
Big Pit Boiling Water
  08/08/22
I have now read the OP 5x and I'm just beside myself with gl...
hairraiser chrome business firm stain
  08/07/22
I appreciate all your love and support. You are a 180 father...
Big Pit Boiling Water
  08/07/22
Did you receive my text message on Friday evening?
hairraiser chrome business firm stain
  08/07/22
Ya I just got sidetracked. Ill text you later today. Im at V...
Big Pit Boiling Water
  08/07/22
Venice Beach is kid friendly? Lmao when I went there in 201...
Yapping Electric Range
  08/07/22
It is really nice. Was 80 degrees out with a breeze, my son ...
Big Pit Boiling Water
  08/07/22
...
Turquoise Private Investor Gas Station
  08/07/22
Does insufferability take much practice or come naturally?
walnut genital piercing
  08/07/22
Takes a lot of dedication to do my shtick.
Big Pit Boiling Water
  08/07/22
No it doesn't.
walnut genital piercing
  08/07/22
Respect.
jet-lagged heaven
  08/07/22


Poast new message in this thread



Reply Favorite

Date: August 7th, 2022 12:34 PM
Author: Big Pit Boiling Water

My son is in escrow for a single family home in the valley (obviously I'm funding it). Will be owned by my son's trust. Plan is to renovate it after we close, then move into it while we renovate our primary home. After that it's going to be a rental property. Should generate about 3.5k/month in cash flow (which I will teach my son how to invest the cash flow). Once my son is old enough I'm going to make him help with management (small things at first like calling a plumber, and then larger things like collecting rent/taxes/renovations as he gets into high school). When he is older, I would help him use the cash flow to acquire new properties (plus teach him how to find them, negotiate them, renovate, and rent/manage them). The goal is that he will have a decent rental portfolio that he built and manages himself by his mid 20s.

Goal is to buy a property for my daughter and do the same thing in the next 6-12 months. After that I'd probably pump up their trusts a little bit and then stop contributing.

I think this is better than just giving them money since that way they learn how to manage, renovate, and acquire real estate. I don't want them to just be trust fund kids that never work, wonder through life aimlessly, never finding accomplishment. I want to help them learn to invest, start businesses, and find fulfilment through accomplishment. My son is also super stoked about helping at our restaurant that should open in February.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976786)



Reply Favorite

Date: August 7th, 2022 2:33 PM
Author: Turquoise Private Investor Gas Station

Your daughter: https://m.youtube.com/watch?v=SIdxVR_7ikg

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977297)



Reply Favorite

Date: August 9th, 2022 10:57 AM
Author: Filthy Parlor



(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44987459)



Reply Favorite

Date: August 9th, 2022 11:14 AM
Author: Big Pit Boiling Water



(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44987577)



Reply Favorite

Date: August 7th, 2022 12:36 PM
Author: Zombie-like rehab

How much is the property?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976802)



Reply Favorite

Date: August 7th, 2022 12:38 PM
Author: Big Pit Boiling Water

Under 900K. I got a great deal since the owners bought a new home at the peak of the market in another state and now need to sell or else they are screwed. I got it under contract 50K under asking and then got another 50K knocked off after inspection. It had had a price reduction before that too. We did all cash with no loan contingencies and they were worried about getting funding to close on their new house.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976817)



Reply Favorite

Date: August 7th, 2022 12:39 PM
Author: Zombie-like rehab

How are you handling the gift tax?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976825)



Reply Favorite

Date: August 7th, 2022 12:40 PM
Author: Big Pit Boiling Water

I'm just going to have to reduce my lifetime exemption. Doesn't matter that much since it's going down in 2025 anyways. Plus my goal is to give my kids some appreciating assets like real estate and stocks when they're young, and then spend the rest of my NW to enjoy my life. I want to get all my gifting to my kids down before they are adults since it will grow into a large number by the time I'm dead. Plus I want to be able to enjoy the money I keep for myself without guilt.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976829)



Reply Favorite

Date: August 7th, 2022 12:42 PM
Author: light dilemma nibblets

Do the sellers hate you now?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976838)



Reply Favorite

Date: August 7th, 2022 12:43 PM
Author: Big Pit Boiling Water

I think they actually appreciate that I'm closing on their house. The market is pretty stagnant right now. Hasn't dropped much yet, but I think another down leg is coming.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976845)



Reply Favorite

Date: August 7th, 2022 1:24 PM
Author: at-the-ready center codepig

Lol classic — trick the goyim and make the goy think HE got the deal.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977014)



Reply Favorite

Date: August 7th, 2022 1:39 PM
Author: Big Pit Boiling Water

CR

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977061)



Reply Favorite

Date: August 7th, 2022 1:44 PM
Author: at-the-ready center codepig



(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977083)



Reply Favorite

Date: August 7th, 2022 2:16 PM
Author: fighting drab lettuce



(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977217)



Reply Favorite

Date: August 7th, 2022 8:07 PM
Author: lascivious area partner

jfc goyim are hopeless

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44979038)



Reply Favorite

Date: August 7th, 2022 4:28 PM
Author: apoplectic multi-billionaire toilet seat



(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977898)



Reply Favorite

Date: August 7th, 2022 12:45 PM
Author: Odious bistre nursing home

Only 3500 a month for a mil property in Cali?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976854)



Reply Favorite

Date: August 7th, 2022 12:47 PM
Author: Big Pit Boiling Water

Cap rates in CA are super low. You are making a lot of your money in CA on appreciation and depreciation. The house will rent for like 5-5.5K. Property tax and insurance is like 1K plus random stuff that comes up. so maybe cash flow 4K if things go well. You can't get cash flow right now in LA without buying cash or mostly cash. The cap rates are too low.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976865)



Reply Favorite

Date: August 7th, 2022 12:41 PM
Author: light dilemma nibblets

Sick RSF neg

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976834)



Reply Favorite

Date: August 7th, 2022 12:42 PM
Author: Big Pit Boiling Water

How? I love RSF. I would love to get beer with him, brother. We just have different things that make us happy.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976842)



Reply Favorite

Date: August 7th, 2022 1:36 PM
Author: scarlet ungodly crotch piazza

Why would RSF want retarded kids?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977052)



Reply Favorite

Date: August 7th, 2022 1:16 PM
Author: Violet Razzle Public Bath Legend

Honestly expected this to be a FLW thread from the title.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44976991)



Reply Favorite

Date: August 7th, 2022 1:55 PM
Author: Beady-eyed step-uncle's house

We workshopped this one together

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977129)



Reply Favorite

Date: August 7th, 2022 7:14 PM
Author: Big Pit Boiling Water

You still jumping on the 8pm call tonight with me, Kamalasexy, and Henry Aaron?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44978735)



Reply Favorite

Date: August 7th, 2022 3:15 PM
Author: Khaki Floppy Faggotry

same, 100%. was legit shocked when it was real.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977492)



Reply Favorite

Date: August 7th, 2022 4:33 PM
Author: Yapping Electric Range



(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977910)



Reply Favorite

Date: August 7th, 2022 1:23 PM
Author: Crawly Talented Address

180 brother.

Will you put your son as of counsel on your firm website so he’s equally as accomplished as RSF and even more employed (since he did a bit of work)?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977012)



Reply Favorite

Date: August 7th, 2022 1:42 PM
Author: Big Pit Boiling Water

I wouldnt want my son to be a lawyer. RSF finds satisfaction in his own way Im sure.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977073)



Reply Favorite

Date: August 7th, 2022 1:30 PM
Author: Razzmatazz twinkling factory reset button

and if market crashes you can get out of it because k is not legally binding

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977030)



Reply Favorite

Date: August 7th, 2022 1:41 PM
Author: Big Pit Boiling Water

Im already buying 10% under market. Market wont crash that much by next week, brother.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977067)



Reply Favorite

Date: August 7th, 2022 2:08 PM
Author: Razzmatazz twinkling factory reset button

I'm just saying, have him sign the deal docs

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977188)



Reply Favorite

Date: August 7th, 2022 1:35 PM
Author: Bright theater stage

Are u worried about ur son being a nowag incel

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977046)



Reply Favorite

Date: August 7th, 2022 1:40 PM
Author: Big Pit Boiling Water

No. Im going to teach him how to talk to girls when he gets older.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977062)



Reply Favorite

Date: August 7th, 2022 1:46 PM
Author: titillating kink-friendly double fault brunch

Lmao

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977096)



Reply Favorite

Date: August 7th, 2022 1:54 PM
Author: Bright theater stage

Do u think girls will want to talk to some short Asian dork?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977121)



Reply Favorite

Date: August 7th, 2022 2:08 PM
Author: Big Pit Boiling Water

You have no idea how women work, brother. Email happy to help.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977189)



Reply Favorite

Date: August 7th, 2022 2:14 PM
Author: titillating kink-friendly double fault brunch

this board is 80% Asian. we know

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977208)



Reply Favorite

Date: August 7th, 2022 1:40 PM
Author: lake aphrodisiac library chad

Calling a plumber

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977065)



Reply Favorite

Date: August 7th, 2022 1:40 PM
Author: hairraiser chrome business firm stain

This is just incredible on so many levels. You're taking care of your son obviously, but also giving him legs to stand on when he comes into age. That's something my father never tried with me.

Also, for yourself, you're getting your gifting out of the way so you can be guilt free for the rest of your life. That's great. You can just spend what you've earned knowing that you really helped the kids out with their trusts when they were young.

I wonder how I will help my own children, but I probably won't at all. Apple won't fall far from the tree in my yard. And it'll be rotten and worm-eaten too. No. We don't accomplish things over here. We just get swallowed by the seas of shame.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977066)



Reply Favorite

Date: August 7th, 2022 1:41 PM
Author: lake aphrodisiac library chad

Lol

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977069)



Reply Favorite

Date: August 7th, 2022 4:11 PM
Author: beta set

disco fries poasting is reaching truly remarkable levels. it's like he went straight to ssj3

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977834)



Reply Favorite

Date: August 7th, 2022 4:24 PM
Author: Big Pit Boiling Water

Im juat trying to be a good and supportive father, brother.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977885)



Reply Favorite

Date: August 7th, 2022 4:27 PM
Author: hairraiser chrome business firm stain

We all are brother. We’ve gotta raise up this generation of Alphas.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977892)



Reply Favorite

Date: August 7th, 2022 1:42 PM
Author: provocative sex offender yarmulke

this thread manages to come off as kikey even for xo. congrats!

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977072)



Reply Favorite

Date: August 7th, 2022 1:43 PM
Author: Big Pit Boiling Water

Have you read my posts before, brother?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977075)



Reply Favorite

Date: August 7th, 2022 1:45 PM
Author: provocative sex offender yarmulke

yeah this isn't quite at the level of the paper sushi plates thing, but it's getting there.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977087)



Reply Favorite

Date: August 7th, 2022 1:44 PM
Author: lake aphrodisiac library chad

Was gonna say... Incredibly Jewish post. Especially the "skills" he will be teaching his son - rent negotiation, taxes, how to call other people to actually do manual labor.

Would be 180 if he said, I'm gonna teach my son how to change a garbage disposal and patch drywall but no.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977086)



Reply Favorite

Date: August 7th, 2022 1:45 PM
Author: provocative sex offender yarmulke

agreed.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977090)



Reply Favorite

Date: August 7th, 2022 2:04 PM
Author: at-the-ready center codepig

why would a jew teach his son to do a $150 kitchen repair that might cut his hands?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977173)



Reply Favorite

Date: August 7th, 2022 8:05 PM
Author: lascivious area partner

(Bob Williams, Prole Goy Mr. Fixit)

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44979016)



Reply Favorite

Date: August 7th, 2022 10:38 PM
Author: lake aphrodisiac library chad

This always strikes a nerve with board jews for some reason. one thing they all seem generally ashamed of.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44979713)



Reply Favorite

Date: August 7th, 2022 10:43 PM
Author: Big Pit Boiling Water

Why would I want my kids to be poor? Wouldn't it be better to teach them how to make good money and they can hire goys to do all the trivial shit they don't want to do? You think I patch my own drywall, brother?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44979726)



Reply Favorite

Date: August 7th, 2022 10:55 PM
Author: lake aphrodisiac library chad

Lol

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44979772)



Reply Favorite

Date: August 7th, 2022 1:44 PM
Author: Histrionic kitty cat

180. How much rent can he charge his future mother in law?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977085)



Reply Favorite

Date: August 7th, 2022 1:45 PM
Author: Big Pit Boiling Water

Hopefully a lot. Cant give people free rides, brother!

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977088)



Reply Favorite

Date: August 7th, 2022 1:45 PM
Author: idiotic snowy corner therapy

lmao so (((this))) is why private home ownership is in decline.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977092)



Reply Favorite

Date: August 7th, 2022 2:13 PM
Author: Big Pit Boiling Water

More people should start businesses, brother.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977205)



Reply Favorite

Date: August 7th, 2022 3:13 PM
Author: idiotic snowy corner therapy

Having the personal wealth to navigate the tax code to profit off poors is not a "business." You're not growing apples or building houses or sewing clothes.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977478)



Reply Favorite

Date: August 7th, 2022 3:22 PM
Author: Turquoise Private Investor Gas Station

You'd be doing the exact same thing if you were in his position, but you won't be in his position because of this attitude. Don't take that as denigration; I mean it neutrally.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977537)



Reply Favorite

Date: August 7th, 2022 3:22 PM
Author: Khaki Floppy Faggotry

(guy being sued by multiple people for nonpayment of debt and rent)

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977546)



Reply Favorite

Date: August 7th, 2022 4:10 PM
Author: Turquoise Private Investor Gas Station

I am in the right here.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977829)



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Date: August 7th, 2022 4:09 PM
Author: Big Pit Boiling Water

CR

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977824)



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Date: August 7th, 2022 7:24 PM
Author: idiotic snowy corner therapy

I'm not saying I wouldn't be exploiting the poors in this situation. I exploit them all the time. I'm saying it's nothing noble.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44978800)



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Date: August 9th, 2022 10:51 AM
Author: Big Pit Boiling Water

How is it exploiting? Being a landlord provides a valuable service. Also, it's a 4 bedroom house in the valley. It's not like people making minimum wage can afford it. If the rent is 5.5K/month it's probably going to be a nice family with decent income, not poors.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44987431)



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Date: August 7th, 2022 4:08 PM
Author: Big Pit Boiling Water



(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977814)



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Date: August 7th, 2022 1:59 PM
Author: Beady-eyed step-uncle's house

So he gets capital gains taxed at the 2022 cost basis on inheritance cr?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977149)



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Date: August 7th, 2022 2:02 PM
Author: provocative sex offender yarmulke

oh god dammit does that actually work

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977162)



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Date: August 8th, 2022 10:46 AM
Author: Big Pit Boiling Water

Basically he'll pay zero taxes. He will have a paid off house purchased at 2022 price. In CA property tax is locked in forever and doesn't go up. When he is 25 he can live in the house mortgage free, he could rent it out (and pay taxes on the rental income), or he could 1031 it into another property and pay zero taxes. If I waited until I died to give him the property his property tax would reset when I die and it would go towards my estate total in calculating my exemption (possible that house could be 3 million by the time I die). If you can afford it, it is always better to give your kids appreciating assets as young as possible so that it grows outside your estate. It's possible all estate tax exemptions could be gone by the time I die. It's 26 million right now for a married couple but that goes down a ton in 2025 and then it is possible public opinion causes it to go down to zero or like a million in later years.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44981454)



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Date: August 7th, 2022 2:13 PM
Author: hairraiser chrome business firm stain

I have now read the OP 5x and I'm just beside myself with glee. CSLG's kids are so fortunate to have this kind of father figure in their life. They are going to grow up to be titans of industry and absolutely PWN to death all of their peers. When the kids in high school are talking about how mom or dad is going to get them a new car, CSLG Jr. will be saying things like "I'm going to spend my summer's wages on a 180 lifetime expereince, like taking the Blue Origin into space."

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977203)



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Date: August 7th, 2022 2:33 PM
Author: Big Pit Boiling Water

I appreciate all your love and support. You are a 180 father too and I can tell you love your kids immensely. Come out to LA and visit me. Ill show you a good time!

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977300)



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Date: August 7th, 2022 2:50 PM
Author: hairraiser chrome business firm stain

Did you receive my text message on Friday evening?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977391)



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Date: August 7th, 2022 3:06 PM
Author: Big Pit Boiling Water

Ya I just got sidetracked. Ill text you later today. Im at Venice Beach right now with the kiddos.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977442)



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Date: August 7th, 2022 4:36 PM
Author: Yapping Electric Range

Venice Beach is kid friendly? Lmao

when I went there in 2015 I almost stepped on a used needle and saw homeless sleeping on the beach. Cant imagine now.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977925)



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Date: August 7th, 2022 7:16 PM
Author: Big Pit Boiling Water

It is really nice. Was 80 degrees out with a breeze, my son did some skateboarding with me, we went to the playground, and we walked around looking at the weirdos/stores. Grabbed some lunch, and then ice cream at Ben and Jerry's. Spending time outside is 180. Especially with people you love.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44978751)



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Date: August 7th, 2022 2:36 PM
Author: Turquoise Private Investor Gas Station



(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977315)



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Date: August 7th, 2022 2:52 PM
Author: walnut genital piercing

Does insufferability take much practice or come naturally?

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977396)



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Date: August 7th, 2022 3:00 PM
Author: Big Pit Boiling Water

Takes a lot of dedication to do my shtick.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977425)



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Date: August 7th, 2022 3:13 PM
Author: walnut genital piercing

No it doesn't.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977480)



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Date: August 7th, 2022 4:17 PM
Author: jet-lagged heaven

Respect.

(http://www.autoadmit.com/thread.php?thread_id=5168641&forum_id=2#44977865)