Gevork Orbelian
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Tax strategies

Passive Income

A multi-property portfolio engineered for cash flow and tax efficiency.

The idea

The goal isn’t to “buy a condo” — it’s to build a portfolio that generates predictable cash flow while staying tax-efficient. One property is a start; the strategy is a system.

What drives it

  • Cash flow: rent minus mortgage, taxes and expenses
  • Depreciation: a paper deduction that lowers taxable income
  • Appreciation: SF has historically outpaced inflation
  • Leverage: a mortgage lets you control a high-value asset with less capital

How we build it

Through a combination of House Hacking → ADU → 1031 → new properties. Every step is modeled in the calculator and checked with the team’s CPA and mortgage broker.

Educational only. Any yield figures are estimates. Consult your CPA.

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