FUNDAMENTALS
AWARENESS
ATTENTION PLEASE! WILL THE REAL ESTATE INVESTOR PLEASE STAND UP? The Social Impact of Real Estate
by Jason Engelman
fter the 2020 election I was so exhausted I did a major detox from the news and everything happen- ing in Washington. I felt better and seemed to enjoy my preverbal bubble. It felt kind of nice to unplug and forget about it all. However, I quickly realized pretending to be an ostrich and sticking my head in the sand would be more fatal to me, my family, and my business. How can I be a good steward with what God has given me if I’m clueless to what’s going on around me. The answer is I can’t, and neither can you. Why pay attention to the government and all the crazi- ness that takes place on The Hill? Politicians and lawmakers who know very little about A
real estate investing are proposing bills that will affect us investors greatly. From raising capital gains taxes, to eliminating 1031 exchanges, to preventing you from making certain investments out of your IRA, our govern- ment is working to make it difficult on you, the investor. Sadly, many of us have learned that the lawmakers in Washington are clueless about real estate investing and the effects these laws could have on our economy long term. Flipping a house or owning a rental is much more than what is seen on an HGTV episode. What some may see as an entertaining show of a dumpster house being turned into a forever dream home, others see opportuni- ties to make their communities a better place.
26 | think realty magazine :: december 2021
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