Use debt and pay no taxes?
Kiyosaki is referring to a strategy often employed by real estate investors.
Investors use borrowed money (debt) to finance the purchase of properties. This allows them to acquire more assets than they could with their own money alone.
Moreover, mortgage interest on the loans used to purchase properties can be deducted from taxable income. This reduces one’s overall tax liability.
Additionally, investors can claim expense deductions for property taxes, property insurance, and costs associated with managing and maintaining the property, such as repairs, maintenance, and property management fees.
Property owners can also claim depreciation, which accounts for the incremental loss of a property’s value due to wear and tear. Depreciation is a non-cash expense that reduces taxable income.
By leveraging debt and utilizing tax benefits such as interest and expense deductions, [real estate investors]( can significantly enhance their investment returns while minimizing their tax liabilities.
https://moneywise.com/real-estate/kiyosaki-says-nothing-wrong-with-buying-a-house