Tax Deferral for Real Estate Investors: 1031 Exchange – Podcast

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone

Tax Deferral for Real Estate Investors: 1031 Exchange

 
Switch up your real estate investments and help your net worth grow faster by deferring tax liability. Scott Saunders from Asset Preservation and Christina Nielson from Corcapa 1031 Advisors gives you the details you need to know about 1031 exchanges.

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone

10 Tips to Spruce Up Your House to Sell FAST! – Podcast

If you are thinking of selling your house or an investment property, don’t miss this fantastic presentation by Amy Parker of Parker House Designs. During the presentation Amy provides some easy and inexpensive ways to make sure your property stands out above the rest!

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone

10 Tips to Spruce Up Your House to Sell FAST! – Replay

If you are thinking of selling your house or an investment property, don’t miss this fantastic presentation by Amy Parker of Parker House Designs. During the presentation Amy provides some easy and inexpensive ways to make sure your property stands out above the rest!

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone

10 Tips to Spruce Up Your House to Sell FAST!

Join us tonight!

10 Tips to Spruce Up Your House to Sell FAST!

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone

Put your money to work

Your money taking care of you on the beach!The fifth and last phase in our financial freedom plan is to “Put your money to work”.  Here is where the fun begins.  Now you can build up piles of cash for investments.  To build those accounts use the money you were putting towards your debts and emergency fund in phases three and four.

The following must be maintained to stay on the road to financial freedom:

1.  Stay debt-free.

2.  Accelerate paying off your mortgage to at least 15 years or less.

3.  Maintain at least 15% of household income towards retirement, a fully funded emergency fund, and adequate term life insurance, if needed.

4.  Pay cash for everything (except possibly real estate, an appreciating asset).

5.  Diversify your investments.

Always keep in mind that you MUST fully understand the investment BEFORE you invest in it.  Relying on someone else to “manage” your investments can lead to disappointment and frustration.  So be sure that you have a complete understanding of all the risks before investing.  Always remember no risk, no reward.

Please list some investment options in the comments that should be investigated.

 

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone

6 free sensational apps for your properties

Color Swatches and plansInformation is important when making decisions.  Especially when real estate investments are on the line.  Here are some FREE apps that can give you some information when you are on the road and may need to make a quick decision.

1.  iFixIt – There is repair information on topics like plumbing, electrical, doors, windows, appliances and even swimming pools which can give you a quick idea of what might be the problem and how to fix it.

2.  Handyman Calculator – Complete construction calculator used to calculate materials and time on various projects.

3.  iHandy Level – Use your phone as a fully functional level with calibration capability.

4.  MagicPlan – This app can measure your rooms and draws floor plan just by taking pictures.  No more tape measures!

5.  Benjamin Moore Color Capture and Sherwin-Williams ColorSnap – Snap a picture of any painted wall and get a match from either manufacturer.  Quick and easy!

6.  Houzz – Can provide interior and exterior design inspiration with photos by style, room and location.  Get inspired!

We hope you can make use of these great apps to save time and money on the properties you own.

Please list any other real estate apps in the comment section that you use that could help others.  Thank you!

 

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone

FREE Beginner Real Estate Investing Books

Free download e-books!

If you want to get started or learn more in real estate investing, why not do it for FREE?  We came across this information today and thought it would be very useful to our subscribers.  Here are the five FREE e-books all by William Johnson with their links:

How to Flip a House as a Real Estate Investor 

How to Find Cash Buyer and Motivated Sellers

Real Estate Investors Investing in Lease Options 

How to Find Private Money Lenders

Real Estate Investors Investing in Probates

Download them all now while they are free and just start with the one that holds the most interest.  Then get started!  If at any questions arise, feel free to reach out to us at questions@financialfreedomclassroom.com and we will be here to help!

Can you list a real estate investing book that helped you in the comments?

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone

3 Benefits of Holding a Property in an LLC

hand and houseHolding real estate in a limited liability corporation (LLC) could be a good option for your property investments.  There are some real benefits to this type of structure, both from a tax and legal perspectives.  Consider the following:

1.  Provides protection from personal liability to all members.

2.  Provides the tax benefits of a partnership.

3.  Provides charging order protection to help shield the assets of the LLC.

Please note, we are not tax professionals or attorneys so ALWAYS check with your trusted professionals for your specific situation.  In most cases, holding property in an LLC will provide good protection for your personal and investment property.

Please click like if you hold any property in an LLC.

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone

Does it really need to be replaced?

Yummy bread baking in an oven

Image courtesy of stockimages at freedigitalphotos.ne

If you own rental property, you’ll want to make smart financial decisions regarding your properties.  One decision that you have some control over is whether to repair or replace items that are no longer working.  Just because an item is broken doesn’t necessarily mean it should be replaced.

Do a little bit of investigation, first.  A search on the internet can usually tell you if others are having the same problem and provide potential solutions.  Sometimes a recall has been issued and you can get the item repaired for free.  Either way you will probably find useful information on an internet search.  There may even be a quick fix for it.

Is the appliance still under warranty?  I know that you are a diligent property owner and have retained your receipts to make that determination.  If so, look to have the repair covered under warranty.

If none of these yield results,  having someone on your team who can quickly determine the best course of action is essential.  Of course if that appliance is really old and decrepit lay it to rest and buy a new one.  You certainly don’t want to keep investing money in something that is near the end of its life.

We personally have learned that residents can get attached to their current appliances and many times would rather fix what they have than have it replaced.  How about just replacing the burnt out heating element for $15 in the dish washer instead of buying a new one?  Or checking why the freezer isn’t making ice, it could simply be a filter that needs replacing.

Be sure to carefully check out what is really causing the trouble and make smart decisions!

Please write in the comments section about an interesting repair or replace story.

Share because you care!Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestShare on Google+Email this to someone