Trump Had A Point About His Own Taxes In The Debate

A highly leveraged real estate operator, who manages to keep upping the ante, might not have much in the way of realized income, while building substantial net worth from unrealized appreciation. The key element is not so much the depreciation deduction as it is the unrealized appreciation which will allow you to keep refinancing and buying more property. This road to wealth is pretty wide open, as you might learn from watching late night TV or maybe from attending Trump University. The thing is the no money down art of the deal type of courses downplay the amount of work involved. And the risk. A really smart guy I know once observed "Leverage makes whatever is going to happen, happen faster."