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LIVE: We discuss what to do when inheriting investment properties.
[00:00:17] "I just recently inherited real estate and I don't even know where to start!"
[00:00:52] 4 Ways Real Estate Creates Wealth
[00:01:52] Assess How Well the Properties Align with Your Goals
[00:02:45] Designate the Property Manager & Asset Manager
[00:05:33] Understand How Properties & Leverage Will Affect Your Taxes
[00:06:59] Create a Plan that Aligns with Your Goals
[00:07:35] How to Avoid Mistakes & Pitfalls
[00:08:36] Do Your Due Diligence
[00:09:25] Hire Experienced Property Management
[00:11:28] Perform Thorough Inspections and Budget for the Future
[00:13:13] Information & Certainty Reduce Risk
[00:14:43] Hire Competent Accounting and Legal Counsel
[00:15:39] Understand the Opportunity Costs
[00:17:38] You Are Not Alone
Thanks for watching!
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