You could potentially save a lot in taxes and develop a nice real estate portfolio (or other assets) in a tax-deferred account.

For example, a lot of people did not know how to rehab but chose to flip and developed rehab skills along the way.

This what they did: Develop an accurate budget for spending in retirementUnderstand the options available through Medicare and the cost of those optionsReview Social Security benefits, and identify the optimal time to begin drawing benefits to maximize the likelihood that your financial plan will be successfulUnderstand the mechanics behind taking portfolio withdrawals to support your financial needsAssess the impact of a potential long-term-care need on your overall retirement plan

Develop your plan to execute on the value added changes after you close

The taxes are the highest in the developed world and the tenant laws are probably even more unfriendly.

It then developed to $1800 rent for a $530k house 16 years ago. today, a $1.23 million market price house (1800 sq ft) is renting at $3500, and still have demand.

We have two other projects, one in Houston and one in Mineral Wells, that will require similar heavy lifting and infrastructure development.

I am in the process of procuring financing for a small new development / new construction project for a fiveplex, located in an Opportunity Zone in Denver Colorado.

I am in the process of procuring financing for a small new development / new construction project for a fiveplex, located in an Opportunity Zone in Denver Colorado.

It is definitely a bad neighborhood as it stands and the current tenants of the efficiency are without a doubt crackheads on section 8 housing, but like I said, it looks like the city has been putting money into the neighborhood and the developers are flocking as the downtown area expands.The buyer listed the property for $235k, I originally offered $220k and we came to an understanding at $230k.