Here a quick real estate checklist:
Do you want It?
WIll it support you with Cash FLow?
Can you exit with profit?
When you look at the NOI, you have to decide what you’re willing to chase. You need to look at deals that produce enough income.
Do you know what a 1031 exchange is?
It’s when you roll the profits of a deal (when you sell it) into a another deal. This allows you to defer paying taxes. Usually, you’d have to pay taxes on any capital gains that you make when you sell a property. Instead of paying it, you can roll that money into another deal. This is the way the wealthy trade up their deals and delay paying taxes. For more go over to http://www.cardonecapital.com
