Author: Mike Lock

How to Sell Your New York Land and Re-Invest for Higher Profits

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While a great deal of thought is involved in buying an investment property, the exit strategy is a crucial phase of ownership that investors must plan, as the wrong moves at this time can be costly. For example, avoiding taxes by utilizing the rules of a 1031 exchange allows you to reinvest the profits from … Continued

Feasibility Studies and Why You Need One For Your New York Land

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Just as a new business start-up should begin with a business plan for the best results, feasibility studies are the first step in investing and developing New York land. Feasibility studies consider economic, technical, demographic, competitors, and organizational capacity. Unfortunately, when investors risk skipping this step, the chances are high that there will be issues … Continued

5 Smart Money Habits of Top Investors in New York

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Real estate investors with intelligent money habits realize several benefits, such as a stable income stream and tax advantages. In addition, because they pay close attention, savvy investors minimize the drain on profits by seeking lower fees whenever possible. Finally, by being smart with their money, these investors maximize their potential through leverage to build … Continued