Leonard Q., Author at TheRealEstateScore

businessman showing liquidity of real estate sales and profit

Maximizing Profits and Deferring Taxes: Understanding the 1031 Exchange in Real Estate

Real estate investors constantly seek opportunities to maximize profits and optimize their portfolios. One strategy that has gained considerable popularity in the real estate investment world is the 1031 exchange. This provision, named after Section 1031 of the Internal Revenue Code, allows investors to defer capital gains taxes by reinvesting the proceeds from the sale of one property into the purchase of another “like-kind” property.

By Leonard Q. November 1, 2023No Comments

red and white sign board on the lawn grass

Analysis Investing

A Comprehensive Guide to Buying Your First Rental Property: Mitigating Risks and Key Considerations

Investing in rental properties can be a lucrative venture, offering a steady income stream and long-term wealth accumulation. However, the journey of acquiring your first rental property can be riddled with challenges and risks that require careful consideration and strategic planning.

By Leonard Q. November 1, 2023No Comments

Investing

Real Estate or Stock Market: A Comprehensive Guide to Making Informed Investment Choices

Photo by Monstera Production on Pexels.com Investing your hard-earned money is a significant decision that requires careful consideration and thorough analysis. While the options are diverse, two major avenues, real…

By Leonard Q. October 17, 2023No Comments

Investing

The Pros and Cons of Condo Living Versus Homeownership: Making an Informed Choice

Whether you're a first-time buyer or looking to invest in real estate, the decision between owning a condo and a home carries significant implications for your lifestyle and finances. Each…

By Leonard Q. November 4, 2023No Comments

Renovations

Don’t Over-Renovate Your New Rental Property

There is no need to spend large amounts of money on lavish materials, so long as the finished space is substantially cleaner and nicer than the space before the renovations had begun.

By Leonard Q. March 7, 2023No Comments

Investing

Consider The IRA: How To Invest In Real Estate Using Your Retirement Account

A common misconception is that you cannot withdraw your retirement money until you retire. While in some cases you can withdraw only the contributions and not the gains of the retirement account, in most cases you can withdraw the money by placing it into a self-directed retirement account, and then use the money to invest it in real estate.

By Leonard Q. February 10, 2023No Comments

Debt & Saving Introspection

The Saving Mindset: How To Save For Your Next Rental Property

Between the years 2018 and 2021, I saved close to $85,000. I made many decisions during this time period that helped me save a large amount of money. For starters,…

By Leonard Q. January 11, 2023No Comments

Introspection Investing Renovations

One Way To Improve Your Chances of Getting Your Offer Accepted

In a hot market, you need to do everything you can to get your offer accepted. These include things like waiving contingencies, inspections and appraisals, and the most popular one, paying all cash for a home.

By Leonard Q. September 8, 2022No Comments