In this episode, Cheryl and Rychen discuss: * Why appreciation shouldn’t be primary * Understanding cash flow * Making sure your taxes are in order * When hiring property managers

Key Takeaways: * Appreciation is the icing on the cake and shouldn’t be the only way you can make money on a property that you choose. The ingredients of the cake is cash flow, principal reduction, and tax saving. * Understanding cash flow means considering what risks you are willing to carry. Consider how much monthly rent you’re getting per $100,000 of purchase price to see if the property is worth looking over. * The moment you touch the money from your sale, that becomes a taxable event. That’s why you need a 1031 intermediary to make sure that everything gets done in the proper way and order. * You’ll make more money buying and selling property than managing your property. You’ll spend about 10%, if you decide that it’s not worth it, you can do it on your own. There are a lot of resources out there, but it might get tedious.

“Four quadrants of real estate investing: Cashflow, principal reduction, tax savings, and there’s appreciation, the icing on the cake. ” — Rychen Jones

Connect with Rychen Jones:

Website: http://rychen.bhurdinutah.com/

LinkedIn: https://www.linkedin.com/in/rychenjones/

Instagram: https://www.instagram.com/rychenfamous/

Get in Touch with Cheryl:

Website: www.cherylknows.com

YouTube: https://www.youtube.com/channel/UCwvWKXBC6fKn1dLGY11hxIg

Facebook: https://www.facebook.com/dynamiteproductionsinc

LinkedIn: https://www.linkedin.com/in/cherylknowlton/

Show notes by Podcastologist: Justine Talla

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.