Welcome back to another episode of the Get in the Cashflow Game with K&K. In today’s episode, Krystle and Kenny Simpson go over what potential opportunities they see in today’s volitle real estate market. Are there opportunities in 1-4 units of residential real estate or opportunities in the commercial and multifamily sector? We’ll see what the experts have to say!
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HIGHLIGHTS:
Opportunities in Residential
Opportunities in Commercial and Multifamily
What should you be focusing on while it’s slow in the industry?
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SOCIAL MEDIA:
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Follow Kenny: https://www.instagram.com/kennybsimpson/
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TIMESTAMPS:
00:00 – PRELUDE
00:16 – INTRODUCTION
1:45 – Start
2:00 – There are always opportunities in the market
2:30 – 1-4 unit market opportunities
5:00 – Are there opportunities in commercial and multifamily real estate?
7:30 – Standoff in commercial and multifamily
10:00 -Sometimes loss will be someone’s gain
10:30- Start doing what you said you were going to do in this downtime
12:32 END
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SPONSORS:
Prime Corporate Services: Whether you’re new to owning a business or owning property or you’re an experienced business owner, Prime Corporate Services is going to not only help you but make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you’re saying, I’m brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that’s best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call!
Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved us and our clients hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that’s $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you!
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