Property Wholesalers: Are You Capitalizing On Tax Refund Season?
by blogger1
on Thursday, 27 February 2014
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Tax refund seasons is here again and for some property wholesalers there is a huge windfall in sales and income to be had.
Tax season may not be the favorite time of year for many real estate investors. Especially those that haven’t been organized with record keeping and failed to institute a tax plan for the year, again. Still, regardless of the extra paperwork burden this can be one of the best times of year for making money from flipping houses.
There is going to be mountains of cash flowing out into the public’s hands over the next few weeks. The IRS shells out billions in refunds each year. In fact it has pumped out more than $132 billion in bogus or overages in the last 10 years alone according to Forbes.
This means the public is flush. Many may have already dedicated their tax refund dollars to buying a home or expanding their rental property portfolios but haven’t picked out a property yet. The rest, if not seized on is likely to be blown in hours on day trips, frivolous shopping and new cars. In fact, given the amount new cars devalue as soon as they are driven off the lot this could be the single biggest drop in wealth most see in their lifetimes, unless they are car dealers of course.
So this is a great time for wholesalers to advertise their product and services and move more houses.
It’s also a fantastic and relatively easy time to forge new strategic alliances and referral partnerships too. There are thousands of CPAs out there looking for business right now, and they have a lot influence on where that money goes, know who has it, who’d like to lower their taxes next year and who needs to bury it in real estate.
So think themed ads, social media outreach and get out and network in person.
Then ramp up your acquisitions and leverage Best Transaction Funding for fueling all the increased volume you can handle.
Tax season may not be the favorite time of year for many real estate investors. Especially those that haven’t been organized with record keeping and failed to institute a tax plan for the year, again. Still, regardless of the extra paperwork burden this can be one of the best times of year for making money from flipping houses.
There is going to be mountains of cash flowing out into the public’s hands over the next few weeks. The IRS shells out billions in refunds each year. In fact it has pumped out more than $132 billion in bogus or overages in the last 10 years alone according to Forbes.
This means the public is flush. Many may have already dedicated their tax refund dollars to buying a home or expanding their rental property portfolios but haven’t picked out a property yet. The rest, if not seized on is likely to be blown in hours on day trips, frivolous shopping and new cars. In fact, given the amount new cars devalue as soon as they are driven off the lot this could be the single biggest drop in wealth most see in their lifetimes, unless they are car dealers of course.
So this is a great time for wholesalers to advertise their product and services and move more houses.
It’s also a fantastic and relatively easy time to forge new strategic alliances and referral partnerships too. There are thousands of CPAs out there looking for business right now, and they have a lot influence on where that money goes, know who has it, who’d like to lower their taxes next year and who needs to bury it in real estate.
So think themed ads, social media outreach and get out and network in person.
Then ramp up your acquisitions and leverage Best Transaction Funding for fueling all the increased volume you can handle.
