In this mini-course, aimed at the beginning investor (but not at all unhelpful to even the seasoned investor) Dave Foster provides an overview of the complete cycle of a real estate investor’s career from the first steps embarking on a career of real estate investing to the strategic planning needed to exit at the end.
Perhaps one of the most significant forces acting to minimize profit made in real estate, taxes are the mandatory expenses paid to local, state, and federal governments. Paying them is unavoidable if one is to remain in good legal standing and avoid any sort of penalty from the IRS.
It is no secret that real estate offers the best opportunities for wealth-building investments. However, getting started can be pretty daunting for someone who doesn’t know where or how to begin. That is where having an experienced and knowledgeable mentor can make all the difference between success and failure.
The art of “flipping houses” (i.e., buying distressed properties, rehabilitating them and selling them) is one of the most exciting and profitable forms of real estate investing, but certainly not for the faint of heart.