Ever wonder why some people are wealthy and others are not? Do they take more risks? Do they start with more money? Are they smarter? Are they more passionate or more ambitious? Is it because they are in the right place at the right time, or are there other reasons? It does not take much…
Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. Her grandmother had passed away and had appointed Jaime the executor of her estate. After getting off the phone and arranging for her flight to Florida, Jaime wondered what an executor was and why…
Remember when you learned how to ride a bike? Mom and Dad typically gifted you a new bike with training wheels, so you could learn how to bike without crashing right away. Before you close in on retiring from actively managing your investments, you may want to consider a similar approach to help your children…
Cost segregation studies are a very effective way to shelter investment property. They should be considered by every real estate investor on every transaction. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. Thanks to the Tax Cuts and Jobs Act of 2017, the benefits are still very favorable. What…
We are all wondering if brokers and investors can find deals during this pandemic. The answer is a resounding yes!!! Investors, appraisers, and financial institutions are resetting their visions and policies to adjust to our new reality. Consensus is that this current environment is not going away anytime soon so we need to adjust. In…
In the short-term, real estate investors will be faced with two sides of the same investment coin. Those investors with cash will be able to buy investments that others cannot close on due to the slowdown of the financial marketplace. Those without cash will need to bail out of deals because many of their loan…