4 Ways For Property Investors To Make A Huge Difference This Valentine’s Day
Valentine’s Day brings the opportunity for real estate investors to make a huge difference in others’ lives. Here are just some of the ways you might have an even greater impact this year…
The Gift Of Real Estate
Real estate is one of the best gifts you can give at any occasion. It won’t collect dust in a closet, or be exchanged at the store. It can keep on giving for a lifetime and multiple lifetimes.
It can be especially meaningful at this time of year. This may include new homes, vacation properties or income producing investments for those you love and care about.
This doesn’t have to be limited to your partner or immediate family either. It could be a cause you really care about. This timing may also produce some great tax benefits as you are filing income tax returns.
Giving the gift of real estate may sound expensive, but it doesn’t have to be. Given how cheap wholesalers can find properties, you may find deals that don’t cost much more than a handful of new phones, or a week vacation in a nice hotel or Airbnb.
This may make this a viable giveaway to run a competition or lottery to give a home or lot to someone in your community.
Give Better Deals
If you are not yet in a position to give away a property, maybe you can just run a special for the month and offer extra special deals for buyers and sellers.
With the market so hot you may be able to offer or sell for 10% more or less. This could make all the difference for another aspiring investor who is trying to get started, or for someone who wants to do something really meaningful for their family this Valentine’s Day.
The Gift Of Knowledge
Real estate is a pretty solid gift. Perhaps the only thing that can trump it is the gift of knowledge. No one can ever take it from you. It can’t burn down or be flooded or foreclosed on.
Consider giving the gift of real estate investing knowledge to someone else. Then they can go on providing for themselves and others for the rest of their lives.
It can even be as simple as tickets to a seminar or a grant for tuition for a short course.
Set Up Better Investment Vehicles
Some investors do so well at hustling and making moves themselves. They may build great incomes and wealth through real estate. Then fail big when it comes to their real driving purposes - passing those benefits on to their spouses or kids or causes.
Without the right legal structures a whole lifetime of wealth can be rapidly depleted due to taxes, or tied up in probate courts or poorly managed and wasted by heirs.
Self-directed IRAs and trusts can go a long way to avoiding these issues and ensuring your real goals are achieved.
