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Many people have done well financially by investing in Real Estate. To be successful it takes a certain amount of entrepreneurial spirit, the patience to hold on through good and not so good times, and a willingness to manage all the details. It's much like starting your own business!
You can consider a residential approach, say a duplex or small apartment building, or opt for many different types of commercial buildings. IN ANY CASE, YOU WANT TO BE SURE YOU UNDERSTAND THE DETAILS AND YOU DEFINITELY WANT TO SEEK EXPERT GUIDANCE.
Real estate investing has been tarnished in recent years by speculators in certain parts of the Country who drove prices up until the markets collapsed. But these were speculators, not investors. The prudent investor has a fairly long term investment horizon and is interested in the cash flow opportunities that can be realized until the appreciated property can be sold at a profit.
Cash flow means tenants and the array of challenges a landlord must face. This includes collecting rents, replacing tenants, responding to maintenance problems, and the like. Cash flow is the difference between income and expense; and you want it to be positive to provide a margin for error. As in buying any form of real estate, the Buyer is able to get a high degree of leverage by purchasing a valuable asset that far exceeds the amount of the down payment. Of course, if the property depreciates, the wisdom of the investment may be called in to question.
There are also tax advantages to be considered as a part of the investment equation. Owning property with the goal of making a profit allows you to deduct interest payments and other expenses which is important. But before you make any real estate investment run the numbers, as they say, and assure whatever you are considering makes financial sense. If you are not comfortable doing the calculations required, have someone you trust do them for you.
I would be happy to show you available properties and help you select one or more that appear to be suitable investments. Please call me at once, (859) 509-0439, or if you prefer, Send Me an Email, so that we can develop a plan and get started!
Real Estate Investment Primer
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