http://virtualrealestateteam.com. In Oklahoma City real estate investing for cash flow can enrich your bottom line and it is helpful to know not just the traditional definitions of passive income but also the practical ones. Your job outside of real state for tax purposes is active income and if you invest in real estate that is passive income. In passive income you file it apart from your salary and a big advantage is the depreciation schedule of 27.7 years on the improvements but not the land. You also have write offs that can be short term in repairs and longer term with capital improvements. But let's look at it another but important way. Passive income also means that everything is being taken care of for you and you need to spend little time watching it or managing problems. If we sell you the right property at the right price, and if a property manager does a first class job of handling the tenant and repairs you sometime forget that you even own it until a direct payment to you banking account is posted. That is what we strive for and accomplish for you in Oklahoma City real estate investing. I have worked for 25 years to achieve this for you and have put the best people in place to handle every detail from start to finish. My goal is two fold for you: First, I want to create long term wealth for you, and second I want you to sleep easy at nights, spending more time with your family, because peace of mind is priceless. If you have to constantly worry and manage rental property it isn't worth doing. If that is what you are experiencing we can do a 1031 tax deferred exchange for you. If you are new to investing in real estate we will help educate you on how to make the right decisions that are right for you, and give you wealth and peace of mind in Oklahoma City. For more information or to schedule a conversation, email me at joe@joepryor.com.
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