Hello
Does anyone know of a good source of examples regarding the acceleration of $ with investing in Real estate?
ie. Steve talks about cash flow in residential home but says you have to accumulate a heck of alot to make great cashflow.
He mentions that it is faster to buy and sell to the next level moving to commercial properties rather than buy and hold and take equity from the ones you now own. I presume you need a growing market or able to purchase great deals with alot of equity in the property at the start in order to make it work.Does the capital gain taxes and closing costs really offset the take out of equity where you pay no tax?
Has anyone followed the philosophy for the last few years and had it work?
It would be interesting to place 2 investors side by side for the last 3 years with one of them using a buy and hold philosophy and the other Steves buy and sell and trade up.
Thanks mates
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