Real estate development company
Would following the route Miami dolphins owner Stephen Ross took by getting his master of law in taxation a good idea to start a real estate development company?
I think having a billionaire uncle helped him more
What do u think is the second most important thing to have or know besides money to build a development firm? For example, accounting, finance or architecture skills?
I think that no matter what line of business your in, understanding the tax code is one of the most important pieces of knowledge you can have.
Especially in real estate, where taxes are usually one of the biggest costs, understanding how to mitigate or avoid tax increases can be a massive leg up on the vast majority of firms who think "slap some paint and plaster on and we can raise rents by 30%" is a legitimate business plan.
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