Angela Coria, our Vice President of Investments, was
recently interviewed. A major theme of the interview was how a first-time
investor should get started in real estate investing. There are a
number of reasons why you should consider adding real estate to your investment
1. A real estate investment can produce income in retirement.
Say you decide to buy a second home and rent it out. This stream of income will
still be coming in after you retire and can provide added income with minimal
effort. This is especially true if you start investing early; you could
potentially pay off the mortgage with the rent and then you would just have taxes,
insurance and maintenance to pay with the rest going in your pocket.
2. A real estate investment diversifies your investment
portfolio. Have you ever heard of the saying, “don’t put your eggs all in one
basket?” This is especially true of your hard earned money. Now, more than
ever, you should be conservative with your wealth. By creating an investment portfolio that
includes stocks, bonds, mutual funds, IRAs, savings account, 401K, life
insurance, real estate, and more, you are minimizing risk and ensuring that you
will have adequate assets despite forces that may be out of your control like
the recent economic turndown.
3. Real estate produces good returns. According to our Vice
President of Investments, Angela Coria, a home rehabilitation project followed
by a re-sell of a property can yield as much as as 10%-15% return on investment, on average.
Can your savings account make your money work for you this way? Contact Team Troy
today to start assessing your real estate investment strategy: 206-504-3660
4. Tax advantages: There are several tax advantages to real
estate investments. For starters, it is no secret that because of depreciation
and mortgage interest deductions (if you leverage your capital) your cash flow
should be tax-free. That’s right! The far majority of the time, an investor
will never pay taxes on their cash flow and can wait for capital gains on the
sale of the property in the future. In addition, depending on your
classification and income level, there is a good chance your rental property
will not only give you tax-free cash flow, but an overage of tax deductions you
can potentially use against your other income.
5. It’s a rewarding investment. Say you are more interested
in the home rehabilitation and re-sell approach to real estate investments.
This is as very gratifying venture, seeing a home in poor condition becoming
new again with your help. This has an enormous impact on the home itself, but
also on neighborhoods and communities. This is really about building your wealth and preparing for the future. If you are interested about discussing your options, you
should consider contacting the real estate professionals at Team Troy: http://nwhomesearch.com/your-real-investments/
Author:Troy Anderson Phone: 206-940-2834 Dated: October 24th 2013 Views: 620 About Troy: ~Married with 2 children
~Turned grey prematurely
~Fetish for all things Apple
~Urban chicken far...
TEAM TROY, we are a bunch of fanatics that happen to be really good in the Seattle real estate business. Sure we could exploit systems, alter perceptions, and make more money for the sake of having more, but that’s boring – everyone does that. We’ve come to realize that work should be about increasing our standard of giving, not our standard of living. What keeps us going is our daily fear of dropping dead while doing something useless. We continually aim to be better agents, better neighbors, better partners, better parents, and better people with the singular goal of making folks like you better off than you were before you met us.
Discover our 9 point difference:
“Here at TeamTroy we have found that when we make our only goal, that of making others around us better off than they were before they met us, then everything else just falls in line. This simple mindset protects us from the status quo in real estate, and keeps us obsessed with results.”
Reach out to us today, and find out what you have been missing!
//WISE. Good judgement. Make important choices despite ambiguity. Always strategize.
//OPEN. No walls. Ensure everyone we meet has the same idea of who we are.
//IMPACT. Life is never about us. We strive to make a difference in at least one person’s life daily.
//CURIOUS. Hate the status quo. Learn something from everyone.
//CREATIVE. Challenge the traditional. Incessantly innovate around obstacles and design simplicity.
//BRAVE. Today is not just another day. Never be afraid to try what no one else will do.
//TENACIOUS. Never quit. As others drop back, we run faster.
//CANDID. Honest and blunt. Never alter perceptions but adjust the context.
//SELFLESS. Be salt. Make everything else taste better.
Frequently, when talking about any new real estate market, you go in b
"I've known Troy for over 10 years now. He's helped us purchase two homes and sell one. We trust his judgement and feel he is in-tune with the market and the swift changes that can occur. My wife and I were blown away by his willingness to go above and beyond in all aspects of the sale. We recently recommended him to a neighbor and received similar feedback. Bottom line... We were very impressed with Troy. He made our buying and selling experience smooth and even fun. We recommend him to anyone we know who is buying or selling a home."