Typically, traditional lending institutions are not really interested in any real estate deals other than those involving buyers who wish to buy and reside in a single family home. While they will offer excellent terms to these potential buyers because of FHA guarantees, investors looking for money to buy fix and flip, buy and hold, or 2-4 SFR Multifamily properties, face a far more daunting task when it comes to finding investment capital.
Flipping homes can be a quick way to build up equity. While short holding periods don't always qualify you for the same tax deductions for investment property as a buy-and-hold strategy, the write offs that you do get are still valuable. It's also good to remember that you generally only pay tax when you earn a profit -- so having to pay tax is a sign of success. Nevertheless, the less of it the better. Here are three ways to cut your taxes:
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Fix and Flips Loans and Your Real Estate Investment Portfolio
Posted by Ken Meyer on Tue, Jul 03, 2012
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