If you\u2019ve been a follower of Jason Hartman and Platinum Properties Investor Network's style of investing for any length of time, you know we don\u2019t believe flipping properties is the best approach for creating wealth in real estate.
\nThere are several reasons we think this way, but let\u2019s consider a single one - taxes. Part of any investor\u2019s success is the extent to which he manages to avoid paying taxes. Let\u2019s make it clear we\u2019re not encouraging illegal activity. What we do suggest is you take advantage of each and every method of legal avoidance the IRS presents you with. That\u2019s why we were such fans of Go Zone investing.
\nAnd that\u2019s why we don\u2019t like flipping.
\nUnless you\u2019ve been living under a rock on the far side of the moon, you\u2019ve probably heard about flipping. This is where you find an under-priced house that needs a little renovation. You buy it, do the work, and immediately re-sell it for a little (or maybe a lot more) than what you paid.
\nThe problem with flipping is you create TAXABLE events every time you sell. This takes money out of your profit margin. Yes, you could make some money but we don\u2019t believe you\u2019ll become wealthy this way. For true wealth generated by the best form of real estate investing ever, check out\xa0The Complete Solution for Real Estate Investors\xa0at\xa0www.JasonHartman.com.