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Most Real Estate Investors FAIL to Account for This | Larossa Workshop 121
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We are going to show viewers that there are a series of hidden costs and not so hidden costs which lead most of their RE investments to just be Forced Saving Accounts. They end up just disciplining themselves into another job. If that all goes alright then you have to face taxes with the IRS. If you are still surviving after that there is the biggest tax yet. They hidden tax that will end up getting everyone if they aren't acting accordingly.
00:00:00 - Introduction to House Flipping Realities
00:05:30 - Lessons Learned from Early Flipping Experiences
00:10:02 - Understanding Hidden Costs in House Flipping
00:13:25 - Impact of Taxes on Real Estate Investments
00:15:44 - The Bubble Tax: Preparing for Market Corrections
00:19:36 - Importance of Underwriting Deals and Escrowing Funds
00:22:04 - Evaluating the Line of Livable in Real Estate Projects
00:27:54 - Strategies for Long-Term Success in Real Estate Investing
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Home Flippers who focus on a PROFIT FIRST approach. Over a decade of experience and HUNDREDS of houses flipped for Sale or Rent.
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