If you’re thinking about getting started in the real estate industry, chances are you’re considering a lot of options. One popular real estate strategy is flipping houses. Is flipping houses a good investment strategy? That’s the first question I’m answering on today’s Q&A episode!
On this episode of Investing in Real Estate, I’m answering three of your great questions about flipping, offsetting tax liability after a 401k withdrawal, and options for getting started investing with $25k. Click play to hear my answers to your questions!
On this episode you’ll learn:
- My opinion on flipping houses as an investment strategy.
- What to consider about offsetting a large tax burden.
- Options for getting started investing with $25k.
My Opinion on Flipping Houses as an Investment Strategy
Flipping houses can be attractive, exciting, and lucrative if you do it correctly. However, flipping is not an investment strategy, it’s a job. If you think you can make a great profit from flipping and you know what you’re doing, it’s not a bad idea — it’s just not an investment. I would encourage you to use the profits from your flipping ventures to buy cash flowing rental properties that you can hold as an investment.
What to Consider About Offsetting a Large Tax Burden
I’m not an accountant, but there are plenty of ways to offset a tax burden. Depending on your situation, you may be able to buy additional real estate or do repairs and improvements on existing investments. Be sure that you’re working with a savvy accountant who is knowledgeable about real estate. I highly recommend scheduling an appointment with the team at Wealthability.
Options for Getting Started Investing with $25k
At Morris Invest, a down payment on our rental properties start at around $50k. But we love helping investors find an investing plan that works for you. We offer a partnership plan and we’ve also partnered with a company called Connect Invest that allows you to earn 7-9% on your cash through real estate short notes. I’d advise you to schedule a free call with my team so we can help you find a plan that works for you.
Ask Me a Question at morrisinvest.com/clayton
Episode Resources
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morrisinvest.com/lower-taxes
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morrisinvest.com/Clayton
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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