🇺🇸❤️🇮🇹 South Florida Market Stats for Miami Dade for the Month of August 2024 (My study blog)Miami's real estate market is always buzzing, but August 2024 brings some exciting changes that savvy buyers and sellers need to know about.

Today the real need is quality lead lists of actual motivated, stressed sellers!!!!!!!   

Lance, Real Estate has never been quick, easy money.  

Can any Ohio real estate agents that own personal rental property answer this question?

The fact that you bought it with cash gives you a lot of flexibility, which is key in a market like Odessa where real estate values can sometimes be unpredictable.Let’s break it down:Refinance and Reinvest:The rental market is treating you well, and if you pull out equity with a loan, you'll still have that income stream.

I look forward to learning from you all as I strive to master this element of real estate.  

Real estate was cheap in Mississippi, and I could purchase the home with 10% second home loan.

Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.

The pitfalls are obviously bad neighborhoods (easy to gauge talking to brokers or running crime maps) and also find the right property manager depending on the size and class of the property. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?