Now, before I start, there are many SUCCESSFUL flippers. However, I am speaking of why Buy and Hold Vs Flip strategy, buy and hold CAN be a better long term strategy for two key reasons 1) Return of taxes in regular and ordinary income and 2) More asset flexibility. Once I renovate A property, I am tempted to flip it, but I keep thinking how that will take me back on my income stream, and I keep the cash flow coming in.
7 Comments
I have been struffling with this position I wanted to flip for quick cash at first. Now I have a sound idea what I want. Thanks.
Thanks Lisa for all your hard work, will you ever create a real estate
course, or write a book???
I’ve been interested in doing this, but I’m a broke broke college student.
Should I wait until I graduate?
Hi Lisa, before I start just want to say I LOVE YOUR BOOK SELECTION:
“Idiot’s Guide to Amazing Sex.” I have to say, you are a wealth of
information and I do agree with you on many points. However, to avoid
capital gains(more precisely deffer capital gains taxes) by doing a 1031
Tax Exchange. If your goal is to buy and hold, this is an awesome way to
use quick flips to buy more properties without having to pay up front cap
gain taxes.
Good video thanks for the information.
That’s why I love buy and hold.