Wondering if investing in stocks or real estate will be the better investment for you? It’s important to understand how each one works so we can compare them accurately. Another factor is the time and energy involved along with understanding the true return. I breakdown the pros and cons of each AND provide examples in my most recent video.
Last week, I shared my first step when analyzing a potential deal by starting with a broad location, like an entire state. Today, I want to focus on my next step of narrowing down a specific city.
I’ll pick one or two cities from the broad location then learn about the city’s rules and regulations around the strategy I’m choosing. For example, if I’m planning to do short term rentals, then I need to find out the city’s rules so I know if my strategy will work in that particular city.
If the particular strategy doesn’t work, then I determine if a different strategy will work well in that city OR move on to researching the next potential city with my chosen strategy. Once I find my target city, I continue the analyzing process.
Next week, I’ll share my next step once I’ve found my broad area and particular city to invest in.
You may have seen on my Instagram that I’m giving away 1 YEAR FREE to my private mastermind to one lucky winner, along with a FREE signed book to 5 lucky runner-ups.
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- Sign up for my textletter (which you already did if you’re here!)
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It’s that easy! Signing up for my textletter and sharing it with your friends on my Instagram post means the world to me.
The David Greene Team Mastermind will be featuring some amazing guest speakers for our members. Check out our upcoming speakers who will give our members an opportunity to ask questions, interact with, and learn how to scale up their lives and their businesses. If you’re interested in joining our mastermind (or learning more), click here for more information.
I had a blast talking to Tom Wheelright on BiggerPockets Episode 569 about avoiding taxes legally as a real estate investor. Tom breaks down how the government wants tax dollars but also wants things such as housing, energy, and agriculture. Specific tax codes have been created to incentivize and reward entrepreneurs who are willing to take higher risks with these investments.
Tom explains how understanding the motivations of the government, will help provide insights into how to use this to your advantage. I highly recommend listening to the whole episode to learn about how you can avoid paying taxes legally.
The David Greene Team had the pleasure of working with our wonderful client in North Oakland, CA! Our agent, Johnny Hoang, stayed on top of the market and was able to secure a listing that was expiring for our client. How did finding this diamond in the rough turn out? Click here to find out about this ultra successful house hack!
