There are many great ways you can reinvest the proceeds from the sale of your Raleigh house. In our latest post, we look at some options for making your newfound cash work for you!
Selling a home can provide unexpected financial rewards! It’s important to consider investing those earnings into something that will grow long-term instead of spending it on fleeting items. With this in mind, let us show you some of the best ways to leverage your Raleigh house sale and multiply its value over time.
Real Estate Crowd Funding
Are you looking to increase the returns on your Raleigh area house profits? Why not double-down and invest your profit into a lucrative real estate crowdfunding opportunity? Real estate crowdfunding can be a great option for passive, hands-off investing. While it’s important to always perform due diligence before any investment decision, this opportunity has the potential to really pay off in the future!
529 Plan
Creating a brighter future for your children starts with investing in their education. A 529 plan or college fund can help you provide the best opportunity and give them an invaluable financial lesson along the way. With contributions that grow tax-free, there’s no need to worry about huge tuition bills when it comes time for your child’s higher educations – many families have already taken steps towards securing this bright path!
A Rental Property
Have you ever considered reinvesting the money from a successful home sale into another exciting property? Doing so can be an amazing way to grow your wealth and avoid capital gains taxes, but it’s important not just to find any rental – look for one that really performs! Here in Raleigh, there are many options available that could produce nearly passive income. Why wait when you have endless opportunities at your fingertips?
Home Improvements
By selling an underperforming rental, you can inject some serious life into your primary residence. Whether it’s time to spruce up the kitchen or replace a worn-out roof, investing in home improvements is not only satisfying but could save you money – all while increasing equity in valuable asset that belongs to you! Capital gains taxes may apply if profits are made on sale of property; still, deducting renovation costs and likely avoiding capital tax makes this option very attractive.
Pay Off Other Debts
Breaking free from the burden of high-interest debts doesn’t have to be an impossible goal. Don’t let expensive borrowing drag you down any longer; now is the time for taking back control of your finances and setting yourself up for a better future! Whilst you may benefit financially in some situations through taking out mortgages, loans and credit cards with high-interest rates won’t do anything apart from make the situation worse. It’s not worth putting yourself under such financial strain – let us help change that today!
Managing the sale of your home can be an exciting time. As you begin to consider options for reinvesting in a “like-kind” investment, don’t forget that taxes may still apply! It’s always valuable to chat with financial professionals who are well informed about capital gains laws and regulations– like Certified Public Accountants or Financial Planners – so they can help guide you through these decisions wisely.