Welcome to a new episode of Get Creative! In this episode, we are joined by Eric, a member of the sub two community, who shares his insights on wholesaling and the financial benefits of Subto deals. We break down a successful deal, discussing how to maximize profits through strategic investments and tax advantages. Tune in as we explore the nuances of real estate investing and how anyone can start making money in this space.
Highlights:
"It's not about what you make; it's about what you keep."
"When something bad happens on my property, I think about it as putting money into my property rather than giving it to the IRS."
"You might make good cash flow, but if you’re not keeping it, what’s the point?"
"The biggest benefit of these deals is the depreciation for tax purposes."
Timestamps:
00:00 - Introduction to the Episode
01:30 - Overview of Subto Deals
05:15 - Eric's Journey into Real Estate Investing
10:45 - Breakdown of a Successful Subto Deal
15:30 - Understanding Depreciation and Tax Benefits
20:00 - Calculating Cash Flow vs. Tax Savings
25:45 - The Importance of Asset Ownership
30:00 - Analyzing Market Appreciation Rates
35:30 - Loan Pay Down and Its Impact on Wealth
40:00 - Final Thoughts on Investment Strategies
► Join The Subto Community & Learn Creative Finance Directly from Pace:
https://paceapproves.com/subto-gc
► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
https://paceapproves.com/tttc-gc
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
https://getcreativepodcast.com/
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