Starting an investment portfolio is an exciting way to build wealth for your family, but it can also be overwhelming with many factors to consider to ensure your strategy aligns with your goals. The first step is to define your long-term investment objectives. You’ll need to assess the level of risk you're comfortable with to achieve your desired returns and assemble a team of professionals to guide you. As with any investment, it’s important to evaluate the performance of each asset, factoring in tax implications. After completing your research, make your first investment and monitor its progress.

The first step in making your first real estate investment is to define your long-term goals and desired outcomes. Do you want to build a large portfolio or focus on managing just a few properties? Is your goal to pass wealth down to your children? Are you interested in investing in a specific type of property, such as single-family homes? Would you prefer properties near your primary residence, or are you open to locations further away? Clearly outlining your investment objectives will serve as the foundation for your overall strategy.

Every investment carries some degree of risk. Real estate, for instance, may decrease in value, require expensive maintenance and repairs, involve challenging tenants, and be less liquid compared to other investment options. There are various ways to invest in real estate, and understanding your risk tolerance in relation to the potential rewards is crucial in shaping your investment strategy.

With a personalized Real Estate plan, we'll help you launch your investment portfolio. It's also beneficial to have a reliable Tax Advisor, Financial Advisor, and Trust Attorney on your team. Working together with these professionals will help ensure that we meet your investment goals effectively.

As with any investment, it’s important to regularly assess your real estate holdings to ensure they align with your goals and optimize the overall return on your portfolio. By evaluating performance, you can make informed decisions to guide the growth of your investments.

We use various tools to monitor your current portfolio, explore alternative properties that could boost your returns, and implement strategies like 1031 exchanges to maximize your investment potential.

When selling real estate, the profit from the sale may be subject to taxes based on the property's increase in value, known as a capital gain. The tax on this gain is referred to as capital gains tax, which can be a significant barrier to building generational wealth. Understanding your cost basis is essential for reducing these taxes. Through a tailored real estate plan, we implement strategies to minimize or even eliminate capital gains taxes, helping families preserve and pass on more wealth to future generations.

We collaborate with your trusted team of advisors to ensure that the plan you choose aligns with all of your financial and real estate objectives.

After defining your investment goals, understanding how to make informed financial decisions based on performance, considering the impact of Capital Gains taxes, and assembling the right team of professionals, it's time to make your first investment. Many new investors wait for the "perfect" opportunity, but often, that opportunity never materializes. We can help guide you through your first purchase with a customized Real Estate Plan.

A Real Estate Plan starts with a Strategy Session to discuss your family’s specific goals.