All Forum Posts by: Account Closed

Welcome Monica!!! Feel free to reach out with any questions or needed advice. 

Welcome to BP Kevin! Feel free to reach out with any questions. Our website has a ton of great resources for people just starting out. 

Rental Property Owner & Real Estate Investor Podcast

Episode 29: Surprises When You Sell - Exit Planning, Tax Strategies and Leaving a Legacy with Mark Andresky

This episode is going to expand your financial IQ in ways that will help you make more money from your real estate investing.

Many of us get so caught up in finding, buying and managing our properties, that we don't pay enough consideration to what happens next. Every investor needs to have their exit strategy in mind in order to maximize the money we get to keep when we sell.

Mark is a Certified Exit Planner and Certified Business Intermediary with Performance Business Advisors, LLC. Mark also teaches the "Exit Strategies" course for the RPOA.

Mark and host ,Brian Hamrick, discusses how exit planning can work to avoid surprises when you sell, specifically when it comes to taxes on your profit. Mark & Brian also touch on depreciation recapture, which is something you definitely want to be prepared for when you sell. Other topics of discussion include leverage & risk, entity selection, tax-deferred savings plans, estate planning & leaving a legacy.

LISTEN HERE

Welcome to BP Deshon! Feel free to reach out with any questions. 

I can recommend lots of folks to talk to...contact me via email.

I can recommend a good REI group : ) Contact me via email.

Online national eviction reports will only show an eviction if there was money judgment.  These reports do not include possession only judgments as most courts do not release that information.  Some of the more advanced expensive services might use an online source to obtain that information--but you can do that too.  (These aren't the services that provide instant reports--they need time to do the research.) For example, you can search all the Grand Rapid district court records online by name and it will show all civil cases. 

In West Michigan, it has become harder to find deals but not impossible.  The vacancy rate is extremely low and there are very few foreclosures of any kind available.  With that said, is there a bubble coming? Yes, there always is--about every 10 years.  The Grand Rapids market in Michigan is usually two years behind the rest of the country.  With employment growth going so well in Grand Rapid and for lots of other reasons, the local experts don't expect the market to tank but more or less flat line out over the next couple of years.  Various types of housing will continue to be in demand as we are under built residentially.  Grand Rapid is currently a seller's market.  Still, flippers that know how to find the deals are doing very well.  All the best,  Clay

Welcome to BP Kenneth! Feel free to reach out, I have a ton of resources to help you.

Welcome Zech! Feel free to reach out with any questions or needed advice.