Investing Secrets
If you support “buy and hold” strategies, then a smart consideration now is to buy out-of-state. Why buy one house in Southern California with negative cash flow when you could buy ten $150K or five $250K new-build income properties out-of-state in fast growing markets with positive cash flow and long-term appreciation. Also, consider using a “turnkey” company. Turnkey companies buy houses on your behalf, rent them to qualified tenants, manage the properties, and send you monthly checks, creating a cash flow passive income strategy. You also may pivot your long-term rentals into short-term rentals (Airbnb), or into a fast-growing asset class “Mid-term rentals” and 2-4 times X your cash flow, known as the trifecta effect. Discussion includes using your IRA to buy income property; the power of the Short-term Rental Tax loophole; Cost Segregation; Real Estate Pro Tax status; and 1031 tax deferred exchanges.
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