Back in Real Estate Investing 101, Part II, I briefly mentioned “Shifting Classes” after the Buy & Hold strategy. There are a few different ways to shift classes and uses that can build value for investors.
Residential to Commercial
One of the most common ways to increase value while shifting classes or use is to have a property
I’m about to post up another rant…
I have long had an issue with business school terminology sneaking into general usage. It all goes back to about 1987 when I worked at the Heartthrob Cafe & Philadelphia Bandstand in downtown St. Paul, MN. I was a Soda Jerk. It was a great job, and there was a pretty good staff.
One of the managers that came in when the restaurant opened was a business school graduate from Chicago. She found out a couple of things during her first winter in Minnesota. The first thing that she found out was that Chicago wasn’t really that cold.
Real Estate Investing 301
Advanced strategies
In Real Estate Investing 101, Part I we covered buying a house to resell for a short term profit, while minimizing risk and making it happen fast. We delved further into flipping in Real Estate Investing 201. In Real Estate Investing 101, Part II we covered buying and holding property for long term appreciation and wealth building. We also touched on class shifting to increase value. Real Estate Investing 202 continued on the Buy and Hold theme and offered deeper insight into making it profitable. In Real Estate Investing 203, we looked at shifting property classes for “highest and best use,” while increasing property value and return.
This time, we are going to look at investing from a different perspective.
Since I brought it up, I figured I should post up how I believe real estate would be handled.
The tax is only on new items and services. So, obviously new homes would be taxed. The tax would be included in the sale price when
I just got today’s REALTOR Magazine Online Daily Update. This was one of the stories that was featured. It is about how foreclosures are up. They make up 10% of the listings in CA, as opposed to 1.7% last year. But, at the same time, distressed properties aren’t listed at much of a discount compared to other properties.
A month ago,