3 Year End Real Estate Tips
1. Winter is upon us so flush your water heaters.
This is a cheap and easy procedure that only costs about $30. Flushing water heaters helps to control the buildup of mineral deposits, resulting in a more efficient heater.
2. At the end of the year, two ways for real estate professionals to reduce their tax burden is to pay more business-related expenses before the end of the year and defer income until early next year.
For example, you can send invoices late in December so collections won’t occur until January of 2019 which will likely reduce your tax burden by
reducing your taxable income for 2018.
3. Take advantage of reduced competition and real estate activity during the holidays and winter and shop around for real estate deals.
For more real estate information and tips visit my blog at geraldlucas.com.