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Tag >> Build wealth

Remember the Formula

Posted by: Carleton Sheets in Sale on Real Estate, Education for Real Estate, Creative Financing Techniques, Build wealth on Jul 02, 2008.

Reading the current news has reminded me of the cyclical nature of real estate.

About five years after I became a serious real estate investor, I found my career spiraling downward. I lost nearly all the profits I had built up. What happened? Was my new career founded on air instead of solid ground?

The combination of overbuilding, the energy crisis (remember the long, snaking lines at every

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1031 Exchanges

Posted by: Carleton Sheets in Taxes, Property exchange, Positive Cash Flow, No Money Down, Build wealth, 1031 on Jun 29, 2008.

How can an investor consistently build wealth and realize long-term gains from real estate? One powerful tool is the 1031 exchange, which allows you to roll the sale proceeds of an investment property into the purchase of a "like-kind" property without paying taxes.

It's a great way for an investor to transition between smaller investment properties to larger properties, to diversify holdings,

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