Wherever real estate investment and taxes are concerned, people tend to get a little nervous. After all, taxes and all the legal trappings that come with exchanges, exemptions, exceptions, write-offs, benefits, and penalties get tricky if you’re unfamiliar with it all. And if we’re honest, it’s not in most of our proverbial wheelhouses.
Our 'Turnkey Transformation' for this week is a property that is located in Little Rock, AR. It's been about a year since we started in the Little Rock market, and it was a smooth transition for us with the city being so similar to Memphis. With a steady market, affordable prices and high demand for housing, Little Rock is a great, stable investment for many turnkey investors. Memphis shares a lot of the same qualities, which is why both cities are a perfect fit for a real estate portfolio!
I have to admit, it was a new term to me when I first heard it!