[caption id="attachment_471" align="aligncenter" width="300"] Change is Changing[/caption] Key Takeaway: To be wealthy and stay relevant you must change to the realities of a constantly changing world. If not, your independence and freedom ends.
Consider Self Storage as an Investment When I was growing up there was a small single story self-storage facility which was there for decades. Within the last two years and with no room to expand, it decided to go the only way it can. UP! It's now a brand new three story facility with all the bells and whistles. American consumerism fuels the need for self-storage and it's evident by all the new and expansion of self-storage facilities in my home town of Houston. As of this posting the self-storage space is hot and there isn't signs of softening yet. Additionally, even television shows have been born like "Storage Wars" from the space. Here are my top reasons why to consider self storage as an investment in your…
Cost Segregation Good or Bad? It Depends. If the subject property value is less than $500,000 then it may not be worth it. This is just a rule of thumb. It benefits full time real estate professionals who can use the depreciation to offset gains. So sorry to all the Self-Directed IRA investors you get almost no benefit. Depends on the type of real estate asset and profitability to see the benefits of cost segregation. Syndicators usually do a cost segregation study as one additional way to provide a higher level of service to investors. It's another tool in a syndicators tool bag to give the syndicator an advantage and add value. I am by all means no cost segregation expert but this short video helps explain what a Cost…
