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12 February 2024 | 4 replies
Consulting with a real estate attorney, financial advisor, or experienced real estate investor can provide personalized guidance based on your specific situation and goals.
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12 February 2024 | 13 replies
I have not invested with him.There is a huge difference between investing in a property-specific investment vs. a fund.
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12 February 2024 | 12 replies
Happy to connect if you have specific questions!
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11 February 2024 | 6 replies
HOWEVER, there isn't, legally speaking, any specific length of time that you have to hold the property.
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10 February 2024 | 1 reply
Each strategy has its own set of benefits and drawbacks, as well as potential returns and risks.Buying to Flip for Quick ProfitBenefits:Quick Returns: Flipping properties can potentially yield quick profits, especially in a hot real estate market.Minimal Holding Costs: Since the goal is to sell the property quickly, holding costs such as property taxes and maintenance expenses are minimized.Creative Freedom: Flippers have the freedom to renovate and design the property to maximize its resale value.Drawbacks:Market Volatility: Flipping is highly dependent on market conditions, and a downturn in the market can lead to reduced profits or even losses.Capital Intensive: Flipping often requires significant upfront capital for purchasing, renovating, and holding the property until it sells.Income Tax Implications: Profits from flipping are typically taxed as short-term capital gains, which may result in higher tax liabilities.Buying for Rental Income and Long-Term InvestmentAdvantages:Steady Cash Flow: Rental properties can provide a consistent stream of income through monthly rent payments.Appreciation Potential: Over time, rental properties have the potential to appreciate in value, providing long-term wealth accumulation.Tax Benefits: Rental property owners may benefit from tax deductions on mortgage interest, property taxes, and depreciation.Challenges:Tenant Management: Dealing with tenants, maintenance, and property management can be time-consuming and requires effective management skills.Market Risks: Rental income may be affected by market fluctuations and changes in rental demand.Liquidity: Unlike flipping, rental properties may not offer immediate liquidity, as selling a property can take time and incur transaction costs.Comparing Potential Returns and RisksBoth strategies offer the potential for attractive returns, but they come with different levels of risk.
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12 February 2024 | 16 replies
@Yesenia Charles if you don't plan to hold the beacon hill property forever you should usually sell it before your section 121 deduction expires.
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12 February 2024 | 5 replies
In the past 12 months specifically, $51.9 million worth of multifamily assets sold."
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12 February 2024 | 7 replies
I've just developed specific knowledge in this arena.
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11 February 2024 | 2 replies
Specifically, how can I establish myself as a go-to investor-friendly agent, and what steps can I take to efficiently learn the ins and outs of real estate investment?
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12 February 2024 | 9 replies
Nice to meet you and I am located here in Dallas (Mckinney specifically which is a suburb about 30 minutes from Dallas proper.