My real estate strategy, on the other hand, is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years.
Robert KiyosakiRelated topics
delaying gain hold increase less real seven small start tax trading value yearsRelated quotes
During the Second World War, the Germans took four years to build the Atlantic Wall. On four beaches it held up the Allies for about an hour; at Omaha it held up the U.S. for less than one day. The Atlantic Wall must therefore be regarded as one of the greatest blunders in military history.
Stephen Ambrose
Of all human activities, writing is the one for which it is easiest to find excuses not to begin – the desk's too big, the desk's too small, there's too much noise, there's too much quiet, it's too hot, it's too cold, too early, too late. I had learned over the years to ignore them all and simply to start.
Robert Harris (novelist)