Читать книгу Flipping Houses For Dummies - Ralph R. Roberts - Страница 57

When the money starts rolling in, your first impulse may be to roll your profits into your next flip, but that’s not always the savviest approach. You may want to sock away some money in tax deferred accounts to save on taxes and protect your gains. A knowledgeable financial advisor can provide the advice you need to make the best use of your profits.

People who flip houses are often short-sighted. They focus three to six months into the future but can’t see 20 to 30 years down the road. A financial advisor trains their vision on your long-term financial future and can help you take appropriate action now to build wealth for your retirement years. For details about long-term financial planning, check out the latest edition of Personal Finance For Dummies, by Eric Tyson, MBA (Wiley).