Ryan Boykin Quoted in Fit Small Business: 29 House Flipping Tips from the Pros 2017
Atlas co-founder Ryan Boykin was quoted in FitSmallBusiness.com’s recent article on how to flip a house.
Boykin says “Doing a fix and flip is a great way to make income, if you can identify a deal that has enough cushion in it to allow for changes in the market. However, an investor should realize that it is short-term income and often does not contribute to helping an investor to build long-term wealth. A better strategy for building long-term capital and wealth is to buy and hold. This allows for monthly rents and cash-flow as well as strong appreciation over the long-term. Further, the gain that you realize on the buy and hold will be taxed at long-term capital gains tax rates (20%) vs. short-term income in the case of a flip (often 30%-40% taxes).”