financial security through real estate
Owning real estate throughout history has been for many one of the best paths to building wealth and financial security.
Considering the anemic return you receive today on money in the banks and treasuries, real estate investments could be more than ever, your best option to maximize the return on your cash invested.
As you consider your future as a real estate investor you will want to decide, what is your biggest priority, long term appreciation or immediate cash flow? While it would be amazing to find both, the reality is that buying a property in a pride of ownership type of area will cost more and make it more difficult to achieve a positive cash flow. Less desirable areas and properties with deferred maintenance may make it more affordable to purchase and can be a "cash cow" providing a nice monthly income.
Many first time investors use the equity that is sleeping in their home to fuel their first investment and the current low interest rates make borrowing money on your current home quite affordable. A quality lender can typically help you with a refinance or equity loan as well as pre-qualify you for your investment purchase.
Steps To Your Own Real Estate Portfolio:
Decide if you prefer to buy and hold or are looking to fix and flip, or use as a vacation home and part time vacation rental.
Meet with an experienced real estate agent to discuss your investment goals, financial questions and to set a shopping game plan.
Once the real estate investment consult is complete ask your agent to connect you to a quality lender to pre-qualify you and give you the documentation you need to prove credit worthiness as you begin to negotiate.
Ask your real estate agent to connect you to property management services if you do not plan to self manage the property.
Start shopping! Remember, because the real estate market has been very strong, there may be few "bargains" however over time in addition to appreciation, rental income, and tax write offs it should be a first step towards financial freedom!
To request property information, lender referrals or to request your complimentary investment consult contact me by clicking the “contact me” button.
