It’s morning coffee time again, so for those of you who are tired of reading about Covid-19, this missive will be refreshing. We are firmly in mid-April, and the “tides of March” have shouted…LOOK TO THE FUTURE, NOT THE PAST!
I have lived on the ocean for 45 years, waking in the morning and retiring in the evening to the sight and sound of the sea. Observing waves large and small, and tides rising and receding, I am impressed by the reality that each wave and each tide is uniquely different. That’s life…constant motion and continuous change.
Last week I had a lot to say about the CARES Act and the new tax provisions, which I believe will immediately (and in the future) provide huge incentives and economic benefits for real estate investors. While that letter was a bit technical, it was meant to share with you the significance of this $170 billion-dollar tax windfall for real estate investors. What’s not to like?
So, let’s have a look at where things are:
There is no doubt that we’re heading towards a new reality. But let us not forget, it will be one with phenomenal tax incentives, trillions of newly printed dollars, and interest rates at or near zero.
The tides they are a changin’ and my nose is twitching with excitement.
Lawrence N. Taylor