Really great overview! I would recommend that when you sell your flip that you do a 1031 Exchange into another project. You avoid paying any taxes at the time of sale and can use 100% of the profits towards a new project. If you ever need funds for personal use, do a cash out refinance which also a non-taxable event. That 30-40% in tax could go a long way in helping you grow your business. Hope this helps.
Thanks for the great tips! Most of the deals I get into I use hard money loans which are typically due in 6-12 months. I assume it would complicate the process a bit more. I'm usually in and out of these projects in 3-4 months max
very well done video. im new to the game and trying to soak up all of the knowledge that i can. this has been my favorite video/channel yet. good work sir.
This was an excellent , simple and straightforward overview. I am an investor and I will use this video as an overview to teach new team members and family. Thank you for producing it. God Bless.
This is amazing. You put a lot of information into one video and still succeeded in making it enjoyable!! Kudos to you and keep up the good work. I am just about to start flipping houses and this really helped me a lot!!!
Hi Roberto I just saw your video. I very rarely do this (take the time to write a comment) but after seeing your video I had no choice because the world we live in everyone goes out of their way to make that negative comment. I fundamentally believe in positivity and we all should go out of our way to communicate and share positivity especially if someone does something well. I am an IT professional who is about to get his real estate license and begin his real estate investment business. I have owned 3 homes and done work on all 3. When you said that taking something and turning it into something beautiful for a family to grow that really resonated with me because I love the process and the work of flipping houses. And yes there is a lot of information out there in fact I saw 10 videos and your video was actually the only video which detailed every single aspect of a flip and the details in crunching the numbers. Wish you all the best Roberto and keep posting helpful videos.
Hey there! Thanks for taking the time to leave a very thoughtful comment! I greatly appreciate your feedback. I'm glad to see that you are in the process of getting your real estate license. Without a doubt, it is an incredible industry. I wish you the absolute best in your career!
