Do you own a home in Raleigh? If so, have you thought about what selling it could mean for you and your family? If you feel stuck with a run-down house, or if you simply have a property you want to sell quickly, think about the benefits a fast sale can offer you!
There are all kinds of things you can do with the extra cash you get for your Raleigh home. Paying off debt and reinvesting into something more lucrative are just the beginning!
Below are our favorite ideas for reinvestment!
Buy a New House!
Take the equity of your current home and invest in a place that you truly love – all while avoiding capital gains taxes! By utilizing a 1031 Exchange, when you sell your primary residence, the capital gains tax can be deferred if the proceeds of that sale are reinvested into another “like” property. Creative buyers may also go beyond residential homes, looking for options with extra space available for rental income generation. Before making any moves, make sure you understand the specific requirements associated with a 1031 exchange so there are no unexpected surprises along the way.
Start A Business
You don’t need to put your dreams of launching a business on hold any longer! Selling your Raleigh home can unlock the resources necessary for you to transition from dreaming into action. Even if it’s been written off as run-down and forgotten, that house could be just what you need to generate the financial cushion required for starting up with confidence. Don’t let opportunity pass by – seize this chance now!
Go to School
Embrace the possibilities of learning something new at any stage in life! It’s never too late to invest in yourself. Making an academic investment is a sure-fire way to manifest long-term rewards and growth, regardless of your age or amount spent. What would you do with that extra cash? There’s no better way than to put some of that extra cash towards something that can bring you lifelong rewards. Take the necessary steps now so you can enjoy an even more prosperous future!
Travel the World
Now is the perfect opportunity to explore new cultures and experiences. Don’t wait until it’s too late – make sure you seize your chance for a grand journey! You can use any extra funds to treat yourself, making memories that are truly beyond value. Go out there an embark on something incredible today!
The Stock Market
Even if you’re just starting out, a small investment can reap big rewards — but remember, it is still possible to lose money. To make sure that doesn’t happen and ensure success with your investments over the long-term, consider working with an experienced professional until you become more knowledgeable in this area.
Buy Yourself a Toy
Let’s be honest: life can feel mundane if you’re always being responsible and never indulging in a little bit of fun. That doesn’t mean recklessly spending your hard-earned money, but rather considering things that will help make memories with family or friends – like getting yourself a boat, jet ski or camper for the Raleigh area! It’ll add an extra layer to your life beyond just day-to-day responsibility; something more interesting and enjoyable alongside all those unforgettable moments spent together. So don’t forget to have some well-deserved fun every now & then… Afterall, isn’t that what living is really about?