Real Estate
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.
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!
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!
10 Tips to Spruce Up Your House to Sell FAST!
Join us tonight!
Put your money to work
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.
6 free sensational apps for your properties
Information 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!
FREE Beginner Real Estate Investing 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?
3 Benefits of Holding a Property in an LLC
Holding 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.