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5 December 2024 | 6 replies
Both strategies offer valuable lessons, but the last thing you want is for a beginner to overleverage themselves and take on more than they can handle.
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5 December 2024 | 2 replies
The best advice on this topic, in my opinion, comes from 2 books:How to win friends and influence peopleNever eat aloneI am also looking for brokerages to work with or even experienced shadow / intern for to gain experience and additional knowledge.
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5 December 2024 | 2 replies
Analyze properties that need only minor updates and start small to manage costs and gain experience.
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4 December 2024 | 16 replies
This will minimize the tax burden of the gain you currently have and defers any other gain through the 1031 giving you more buying power going into the future.
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5 December 2024 | 8 replies
Because I want to continue investing, avoiding paying the personal gains is what my mind is occupied with.
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2 December 2024 | 11 replies
You can exclude all appreciation on the original capital gains investment when you exchange or sell a property in an opportunity zone if you held it for more than 10 years.You are able to permanently exclude 10% of deferred gains from capital gains tax as long as you hold the property for at least 5 years and 15% if held for 7 years.Deferral of recognizing capital gains after the sale of a capital asset as long as the capital gains are invested in a QOF within 180 days of the property disposition.
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6 December 2024 | 21 replies
If you're looking for ongoing, tailored guidance, hiring an advisor or mentor who can work with you through your own path might be more valuable than a course focused on specific strategies.
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3 December 2024 | 9 replies
That is a very valuable lesson!
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7 December 2024 | 8 replies
POW you maybe just gained a buyer.
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10 December 2024 | 39 replies
What is not known is how much time and effort you spend to run this business as if you take the $85k and minus salary(ies) to run it, then what would it net gain you?