6 Real Estate Investing Principles
1. Real estate investing is about relationships. People are your most valuable resource, and the more of them you know, the more likely you are to find good properties to buy, or buyers for your properties. ask people for their names, and if your memory is poor, take notes. Know the right people too, including a…[Read more]
1031 Exchanges for Real Estate Investors
When a real estate investor sells real estate, a capital gains tax is recognized, along with a tax on deprecation recapture. The regular capital gains tax, deprecation recapture, and any applicable state tax can often result in a tax liability in the 20% to 25% range for the sale of real estate. (If the…[Read more]
Rental Properties: 10 Ways To Increase Income
What if you want better cash flow from your rental properties? You can’t just raise the rents arbitrarily. If tenants leave, income goes down, not up. There are other ways, though, including the ones listed below.
1. Install coin-operated washing machines. Even if you don’t have the money to do this…[Read more]