I avoided 1031 exchanges for years, for the dumbest reason in history: because my ADHD brain heard "there are rules and deadlines" and immediately filed the whole thing under "Nope".
I finally bothered to sit down and learn about them...and that the trick to not missing the deadlines is to line up your targets BEFORE you sell.
This week, being comfortable with 1031s saved me enough taxes on the sale of a property to buy a whole extra property.
Don't let TAXES...BORING!!...be the thing that decides how you manage your purchases and dispositions.
Dave Ramsey: "No, don't get a mortgage loan from your dad, because the borrower is a slave to the lender".
Me: "Let your dad's savings sit in the bank at 2% when you could pay him 6% and grow wealth for both of you? That's the meanest thing I've ever heard."
Columbus area real estate peeps: The annual Central Ohio Real Estate Investing Expo is Tuesday. It's FREE.
Investor-friendly vendors, local investors, door prizes--it's an amazing opportunity to build your team & relationships.
Grab a free ticket at https://t.co/EAnJZvxJWX
Yes, I DO love creative financing so much that I'd marry it if I could. That's why it pisses me off when people do it wrong. And why I'm giving a Zoom presentation on Monday called "The Problem with Creative Deals". You can get a link to join here: https://t.co/EZDTXeBogY
If you don’t understand creative finance, you’re leaving $100k+ on the table every year. Creative Finance Summit May 2-4 gives you the tools, scripts, and support you need to do no money down deals, or your money back. Register by 4/20 for big bonuses. https://t.co/3YVkZrf67l
@FOX19 Figure out early on if you love skyline chili or hate it, because it's going to be a conversation you have over and over for as long as you live here.
Girl math is calculating that the return on a $40,000 interest-only wrap mortgage at 7% for 337 months around a $142,393 mortgage at 3.5% with the same remaining term is 19.6% in interest and wrap equity in 12 months, unless 2 points are rolled in, in which case it's 29.3%.
Over 900 real estate entrepreneurs, experts, and services providers are converging on Cincinnati next month for the National Real Estate Investing Summit! Who's excited? *Raises Hand*
What are my libertarian creds?
Suing the city to get an unconstitutional tax overturned and the money returned to all the people who paid it. $3,280,602.25
Trying to wholesale but "stuck" on something? I'm doing a free webclass Wednesday night about how to deal with those stuck points. Register at https://t.co/3byouokwFl