Real Estate Investing

Buy a Rental to Pay for College

College is insanely expensive and there's no signs it will get any better. And it's not just the tuition, it's also the living expenses. I believe the best thing you can do for your child, which helps you as well, is to buy them a rental property. It will cost you less than taking out a loan, or even putting the money into an investment fund.
Use the cash flow today for your own benefit, or sock it away into a fund for your child later. When college comes around, let them use the cash flow for their living expenses. After college, hand it over to them and they can continue using the cash flow to make loan payments, or refinance/sell and use the cash to payoff the loan.  They have options. ...

Sell your Investment Property & Avoid Taxes on your Profit

When you sell a rental property, you're going to pay tax on the gains, and it's called capital gains tax. This will cost you almost 20% of your profits. But, there's a way to avoid it, and it's by using what's called a 1031 tax exchange. Essentially, you take all the money from the sale and roll it into another investment property, and voila, there's no more taxes. Now, of course, it's going to be a little more involved in that, and there are some other things to consider, but stay with me. Depending on how long you own the home, and with the amazing appreciation we've seen lately, this could be a huge amount. Now, if you don't use all the money, you can use some of it, and you only be taxed on the part that you don't use. I strongly encourage you to consider using this tool to help PROTECT YOUR WEALTH. And just remember that this needs to be started or put into place prior to selling the original property.

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