AKA: Taxes! ā
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Did you know that the government actually encourages real estate ownership? They do so by offering tax incentives for property owners.
Buying real estate will usually increase your income, but result in lowering your tax burden. Because of depreciation and other tax deductions, it will often appear for tax purposes as though youāre running at a loss.
Even though youāre making income, you have lower taxes and no self-employment tax on rental cash flow.ā So more money just goes right into your pocket! Thatās the beauty of real estate- it allows you to keep more of the money you make, instead of giving it to the government. ā ā
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If you want to learn more about how you can get started in real estate investing, I have a Free Training Iād love to share with you!
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Recognizing and challenging any limiting beliefs about real estate is the first step in becoming a successful real estate investor. So many investors severely limit what they accomplish or worse, theyĀ donāt even get started,Ā because they believe one of the following myths:
A lot of potential investors I speak to say āIād love to invest in real estate and I will as soon as Iāve got more money.ā Or āIād love to invest, but I donāt have time to find a property or be a landlord.ā
People think theyāre limited because they have limited resources. I thought the same thing.
My husband and I were searching for a 4-unit property to buy in Los Angeles and were stuck and unable to find the right investment because we were only thinking that we had to use our own capital, credit, or available time.
Tony Robbins says,Ā āThereās no lack of resources, just a lack of resourcefulness.āĀ When we became educated about the possibi...
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InvestingĀ in Real EstateĀ from $1 to $1MĀ āĀ 12 strategies to get you invested in real estate regardless of your schedule or budget.