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Real Estate Investing Course and
FAQ:
Some Quick Tips And Warnings -
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One of the main reasons people look to real estate
is to establish positive cash flow. In fact, it is very
possible to create a cash flow equivalent or even more than the cash
you get from working your 9-5. Before you go and try it
though, you should look out for expenses and other things that may
eat into your checks like vacancies, costs for repairs and property
management fees. |
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Another reason many people look to real estate to
create wealth is appreciation. It's simple supply and
demand: as the population grows exponentially, there's limited
places where people can live. In today's market, it's not
impossible to expect a 4% rate of return. |
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Talk to your accountant about something called
'Schedule E' to take advantage of tax benefits.
Today, residential properties can be written off in 27.5 years and
commercial properties can be written off in 39 years. Also,
often times, the capital gains tax is less than income tax. |
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As you're paying off your real estate investment,
you're also building equity in the real estate. Anyone
with a mortgage can attest to the fact that as time goes on, they're
paying less money to pay the interest and more money to the
principal. |
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