The buying process is probably the most challenging and stressful step in real estate investing, especially for beginners. Follow the steps below to make your property purchase go as smoothly and profitably as possible. 1. Make an Offer The asking price is the price at which the seller has listed Read more…
Ordinarily, when you sell property for a profit and receive cash, the taxman is there to take his cut. A 1031 tax-deferred exchange on investment property allows you to roll over the gain from the sale of one investment property into another investment property without being taxed. (Note that this Read more…
Even if you hire a property manager to oversee your properties, you still need to know the basics of rental property management in order to hire a competent manager. Property Management Skills It’s important that you or your manager have sufficient: People skills: Dealing with tenants, neighbors, repair workers, and Read more…