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Feeling blessed in Puerto Rico!
Just finished researching Life on the island with a friend who pays less than 4% in taxes.
The Democrats are pushing for an insanely high tax increase. This is how you take a book like Atlas Shrugged and turn it into reality.
Fortunately, there are always solutions. It starts by believing that there are.
Sometimes our problems feel too big and unsolvable... make up your mind that you have solved them, then celebrate like you have solved them. Your perception will shift. You will see new opportunities and then you will solve them.
If you need an elegant solution to a lack of wealth, lack of health or body bags from soured relationships...then check out my event April 10-13 for a serious Life Intervention and let’s get you back on track.
If you have been very successful but you’ve hit a plateau...then come join me and find your next level—while seriously having the time of your life!
Armando Vendittozzi @safaridude | Real Estate Agent | Residential & Commercial | English, French & Italian | Remax Quebec
: 514 - 791 - 5777
: info@venditozzi.ca
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Dabblers get lessons. Masters get results. Most people don’t get what they want in life because they double. Only when you rise to FULL COMMITMENT and MASTERY can you demand results. Learn how to fully commit. When i launch a new real estate investor the difference between dabbling and mastery is the difference between ALL or NOTHING.
FLIPPING VS. RENTING
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You only get income from flips as long as you are flipping. .
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Rental properties pay you monthly and when you sell. .
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Flips are taxed as ordinary income. Rental properties have tax advantages that can shelter income from taxes.
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Flips can get you a lot of money fast, versus rental properties being more long term. .
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Flips are very active and rental property is more passive.
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These are just a few differences & There is definitely a time and place for each. Some investors use short term flip profits to stack up their capital and fund longterm rentals. Some rent because they hate the idea of dealing with contractors or the potential risk involved with flipping. Some flip because they have no desire to be a landlord, deal with missed rent payments or potential evictions.
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As investors who do both, we realize neither is right or wrong. Whatever you decide, is entirely up to YOU and your personal goals! .
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Which do you prefer or which method are you doing right now? FLIP or RENT?
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