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Finished Your Flip? What Now!?

You May Consider Renting--Passive Income

Renting an investment generates income consistently over a long period of time. If you decide to sell the property down the road, you may enjoy a sizeable return--especially true if you purchased at the right time and sell at the right time. Additionally, the property has tax incentives, flipping does not. Investment income is usually taxed at 15% (20% if you make a lot of money). If you compare this tax rate to flipping income at 25-43%. Rental property owners can also write off expenses such as, repairs, maintenance, driving to and from the property, the cost of a property manager, the list goes on and on. Your single biggest advantage is writing off depreciation of your asset. Depreciation can potentially save you thousands of dollars a year in taxes.


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Stephanie Bradley

1/19/2021

I had the great pleasure of working with Neal and Teri for my first acquisition. I'm a Canadian investor and they managed to get me 75% LTV, with a reasonable interest rate. They are always available and took the time to explain how things work in the US. I am looking forward to working with them again for my future endeavors!