Michelle Byers-Robson

It's really important to keep your eye on it the whole time and not just assume that just because it worked yesterday, it's gonna work today.

It's really important to keep your eye on it the whole time and not just assume that just because it worked yesterday, it's gonna work today.

Really depends on the market. That's an excellent, excellent question. It really depends on the market. For example, in the California market, I really enjoyed flipping properties. At the time, I also lived in California, so I could take advantage of some of the tax advantages of living in the property while I was doing the construction, which is

Really depends on the market. That's an excellent, excellent question. It really depends on the market. For example, in the California market, I really enjoyed flipping properties. At the time, I also lived in California, so I could take advantage of some of the tax advantages of living in the property while I was doing the construction, which is

Really depends on the market. That's an excellent, excellent question. It really depends on the market. For example, in the California market, I really enjoyed flipping properties. At the time, I also lived in California, so I could take advantage of some of the tax advantages of living in the property while I was doing the construction, which is

a terrible idea if you really got to do the gut check and you got to really know what you're willing to put up with. But living in the property two out of five years, you can actually offset some capital gains in that scenario. If you're not living where you're flipping the property, that's not possible because it wouldn't be your primary residence. So really know the market you're in.

a terrible idea if you really got to do the gut check and you got to really know what you're willing to put up with. But living in the property two out of five years, you can actually offset some capital gains in that scenario. If you're not living where you're flipping the property, that's not possible because it wouldn't be your primary residence. So really know the market you're in.

a terrible idea if you really got to do the gut check and you got to really know what you're willing to put up with. But living in the property two out of five years, you can actually offset some capital gains in that scenario. If you're not living where you're flipping the property, that's not possible because it wouldn't be your primary residence. So really know the market you're in.

Some other markets are better for short-term or long-term rentals, but may not have that equity gain that you would see in a bigger market. So for example, if I was in the California market, an 8% gain on the California market, let's say the property was valued at a million dollars, is much bigger than a $150,000 condo in, I don't know, Ohio. So you have less of an equity game.

Some other markets are better for short-term or long-term rentals, but may not have that equity gain that you would see in a bigger market. So for example, if I was in the California market, an 8% gain on the California market, let's say the property was valued at a million dollars, is much bigger than a $150,000 condo in, I don't know, Ohio. So you have less of an equity game.

Some other markets are better for short-term or long-term rentals, but may not have that equity gain that you would see in a bigger market. So for example, if I was in the California market, an 8% gain on the California market, let's say the property was valued at a million dollars, is much bigger than a $150,000 condo in, I don't know, Ohio. So you have less of an equity game.

But what I've seen in some markets is that you can look at, depending on your projections, what I like to aim for is a $1,000 or $100,000 turn in rent.

But what I've seen in some markets is that you can look at, depending on your projections, what I like to aim for is a $1,000 or $100,000 turn in rent.

But what I've seen in some markets is that you can look at, depending on your projections, what I like to aim for is a $1,000 or $100,000 turn in rent.

That actually pays out, if you look again at that $150,000 property, Scott, and if I'm making $1,000 per 100,000 in and on rent, so maybe I'm making $1,500 a month in rent, that adds up really to a nice, a significant amount of money after one year, five years, 10 years. And then if you sell it, let's say you sell it for a small gain, what you've made over the past five, 10 years,

That actually pays out, if you look again at that $150,000 property, Scott, and if I'm making $1,000 per 100,000 in and on rent, so maybe I'm making $1,500 a month in rent, that adds up really to a nice, a significant amount of money after one year, five years, 10 years. And then if you sell it, let's say you sell it for a small gain, what you've made over the past five, 10 years,

That actually pays out, if you look again at that $150,000 property, Scott, and if I'm making $1,000 per 100,000 in and on rent, so maybe I'm making $1,500 a month in rent, that adds up really to a nice, a significant amount of money after one year, five years, 10 years. And then if you sell it, let's say you sell it for a small gain, what you've made over the past five, 10 years,

Really, it's a tremendous benefit, right? It's a tremendous asset. So really, it depends on the market. There are also people that like to go in and do more commercial property or doing where you're doing... apartment complexes.

Really, it's a tremendous benefit, right? It's a tremendous asset. So really, it depends on the market. There are also people that like to go in and do more commercial property or doing where you're doing... apartment complexes.

Really, it's a tremendous benefit, right? It's a tremendous asset. So really, it depends on the market. There are also people that like to go in and do more commercial property or doing where you're doing... apartment complexes.