Monday, November 21, 2011

Why should you be or become a Real Estate Investor

I hear almost every day the whys of people who are not investing in Real Estate, based on those reasons I want to give some insight as to why you should be Investing in Real Estate and how anyone can become a Real Estate Investor. This includes the people that always say I can not afford it. I will share how you can and why you should,

!. Anybody can buy Real Estate. There are no limits to who can buy Real Estate, all you need is a plan and a desire. Even when your finances look bleak there are creative ways to buy Real Estate.
2. Real Estate will increase in value over time. It has been a proven fact that even in the markets today some Real Estate is still increasing in value. You have to be working a plan in order to take advantage of that.
3. Savvy investors not only buy properties that are distressed, they will rehab the home and then borrow against the equity giving them additional funds to invest in Real Estate.
4. Additional income stream. Buying a property that needs some work will help you get the property at the right price. Once the work is complete you can rent the property giving you additional income with minimal investment out of pocket.
5. Building the equity in a cost effective manner. This can be done by using sweat equity in the home, doing some of the work yourself especially the items that do not require great skills, ie: Painting, Cleaning and changing some of the fixtures, these things can add that extra value that builds your equity quicker.
6. Tax advantages. Speak to your tax professional as some of the cost involved in purchasing, remodeling and getting a property rent ready can be deductible on your taxes giving you additional dollars for investments.
7. You have a marketable property. Even though the market dictates what you can sell your property for the chances are if you buy it right you can sell with a profit if you do not let greed take over your investment portfolio. Prices on homes do fall but they also rise and usually these are slow processes either way.
8. You have a place to live. Unlike any other investment, you have the ability to live in the property providing shelter and comfort for you and your family. This can be done even when you are in the process of selling the home. Just one more advantage of being a Real Estate Investor.

These are some basic guidelines and advantages of being a Real Estate Investor. Need more information, just let us know. Thanks for looking.

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