August 3, 2010
Real Estate Investing | Yes! You Can Start With Literally No Money!
I meet many beginning real estate investors and I tell them and suggest strongly that they get started investing without using their own money. They find it hard to believe and impossible that sometimes having money can be the key to learning to be the best real estate investor you can be.
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1 Comment on Real Estate Investing | Yes! You Can Start With Literally No Money! »
March 30, 2011
Cr1s @ 11:50 pm:
Section 121 of the tax code allows you to sell your primary residence and pocket up to $500,000 of capital gain in your pocket. You may want to use that money to pay off some debts.
A 1031 exchange allows you to re-invest in other investment property and not pay the capital gain. Have you ever looked at triple net leased property? Talk with your local real estate broker because the properties typically do not involve any property management once the lease is signed.