If you run your real estate venture like a business, you’ll want to utilize a business bank account. But not all business bank accounts are created equal! It’s important to not only find the most cost effective solution, but also the account that fits your specific...
A 1031 exchange is an incredibly powerful tool that allows an individual to save on taxes after the sale of a piece of real estate. This tax deferral program permits the investor to sell a real estate property and then reinvest the funds in a property of equal or...
Depreciation is defined as the reduction in the value of an asset over time. Depreciation is one of the most powerful tax benefits of real estate investing! Our favorite CPA Tom Wheelwright calls depreciation “the magical deduction.” Depreciation is important because...
How can you determine if you should get a loan on an investment property? Does it make sense financially to invest if you have to accrue debt to do so? We get this question all the time, and the truth is, there is not one universal answer. If you’re familiar with the...
The ability to decide whether or not a real estate deal is profitable is crucial to your success as a real estate investor. If your investment breaks even (or worse, loses money) then you’re not moving closer to your goal of financial freedom. There are a few...
I would venture to say that most investors hold misconceptions and make mistakes when they’re starting out. I know that I did! Many of us learn through this process. You shouldn’t beat yourself up if you overpay on your first rental or make extraneous...
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