Why Should I Invest In Real Estate?
How about increasing your monthly income? Higher average returns than the stock market? More control over your investment than with a mutual fund? Tax benefits that you don't get with traditional investments?
But isn't this a risky time to invest?
Sure, if you're buying at Full Market Value. But you're smart and don't do that, right? Look at it this way...Say you're thinking about buying a new pair of shoes. The shoes are on sale this week, and maybe there will be a better sale next week. Even if there IS a better sale next week, you're still getting a great discount...and eventually, those same shoes are going to be selling for full price again. Maybe as soon as next week.
So how do I make sure I protect myself?
By buying properties with positive cashflow. What's positive cashflow? That's the difference between the rental income and the mortgage payment, taxes, insurance, and upkeep of the property. Positive cashflow is your assurance that you're not paying out of pocket each month and wrecking your budget. Also, it guarantees that your tenant is paying your mortgage, and building equity for you.
But I don't live near any of your deals.
That's what property managers are for - and we can recommend professional PMs in every city. They also take care of maintenance issues, tenant headaches, and make sure that local laws and regulations are followed.
Great! So what do I do now?
Pick out a property you like, and shoot me an email at Wayne.Neal@Gmail.com