5 Ways to Profit from Rental Property
In this stage of the market with discounted
properties all over the place, it’s time to
consider building long term security with
rental houses.
Watch my video above on 5 ways to profit
from them.
Look What I Found Looking Up at Me In My Sink…
Picture yourself walking into your kitchen
and finding this scorpion in your sink!
I scooped it up, put it in this glass and
took this picture to show you…
Then I drove to the ocean and set him free 
Just kidding…I took him to a big abandoned field
and set him near a tree to be a happy scorpion
once again…
Considering The Scorpions are one of my
all time favorite rock bands, it’s the least I
could do.
Thought for the Day: Look for someone
to give a sincere compliment to today.
They just might remember it forever.
I’ll share more with you soon…
Mark~
Helpful Resources…
1. Secret on How To Get CASH you can use for your
business WITHOUT proving financial statements – Hit This
2. Discover where to find up to 200K in credit lines
that never report under your personal name – Hit This
3. Find local *Active* private lenders – Hit This
4. How to generate MASSIVE Traffic to your website to
help generate Leads and Sales – Hit This
5. Access to lists of local Funding Partners, Cash Buyers,
and Undervalued Properties – Hit This
6. Wholesale/Rehab Software you can download now
at No Cost ($97 Value) – Hit This
7. How to determine Hot Niche real estate markets – Hit This
8. Virtual Short Sale Investing without
ever leaving your home – Hit This
9. Bulk REO Secrets Cheat Sheets (No Charge) – Hit This
Tagged with: 1031 Exchange , appreciation , depreciation , Passive Monthly Income , real estate investing
Tax Deferred Exchange Tips
If you’re not doing 1031 tax deferred exchanges, you’re
most likely leaving tens of thousands of dollars on the
table that you could be keeping.
Discover some of the reasons savvy real estate
investors create One Continuous Investment
without having to pay taxes each time you sell
a property by watching this video.
Warm Regards,
Mark~
Tagged with: 1031 , 1031 Exchange , Mark Walters , real estate investing , tax deferred exchange , tips
1031 Real Estate Exchanges – The Good and Bad!
One of the most powerful tools in a real estate investor’s bag of tricks is the 1031 Exchange. When used properly it can defer the tax on capitals gains almost indefinitely.
A 1031 Exchange is really very simple. You don’t actually have to trade one property for other… you just must use the gain from the sale of a income producing property to buy another income producing property. There are a few simple rules you must follow. One rule is that you have to complete the transaction within a prescribed time period.
The other requirement of a 1031 Exchange is that you must never personally touch the money from the sale of the first property. Certain people and companies are in business to act as an “Intermediary” in exchanges. Their primary job is to collect and hold the funds from the buyer of the first property and deliver them to the seller of the property you are acquiring. And that’s where the trouble starts. In the past few years some Intermediaries have disappeared and the funds they were holding from many deals vanished along with them. Often the investor’s losses amounted to from hundreds of thousands to millions of dollars.
Oh yes, there have been other problems. Some Intermediaries “co-mingle” the monies they are holding for exchangers. That means that all of their exchange client’s money is held in one account under the Intermediary’s name. If the Intermediary is sued for some reason all money in the account may be frozen. If the freeze lasts beyond the prescribed time limit (180 days) for exchanges the investors are out of luck. There are no extensions possible of the 180 day deadline. Now the investors must pay income tax on all those capital gains.
With the huge increase in real estate values in many areas recently, investors should be using 1031 Exchanges. There is just no better way to protect their profits and build net worth. But they must also protect those profits from careless intermediaries.
Make sure that your exchange funds are held in a separate exchange account that holds only your money and no one else’s. That account must be separate not only from other client’s monies, but also separate from the intermediary’s assets.
Each of the accounts should have the client’s name on it something like this: “The Exchange Kings, as intermediary for Barbie and Ken Investor”. That account must have the investor’s tax ID or social security number on the account. Now, no matter what goes wrong with the intermediary, your exchange funds will remain protected and accessible.
It’s great to exchange a property for profit. Just don’t exchange that profit for an unexpected loss.
Tagged with: 1031 Exchange , capitals gains , defer tax , exchange funds , intermediary , Mark Walters , real estate investing
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