Whether you have one investment property, or 10, or more, you’re an investor. There is a lot of valuable information for you to know. The more you know, the better decisions you can make.
1. Flipping is speculative, and that makes it no better than stock market investing. You see, any time that you buy an asset with the intention of making money when you sell that asset, you are not really investing – you’re speculating.
1. Cash Flow If you’re holding real estate as an investment, you will have tenants. Each month they will pay you rent. Let’s say that you own a rental house and get $1,500 per month in rent. Over a year, that is $18,000 in income.
Don’t be fearful. Many people are concerned about home-office deductions being a red flag for the IRS. A survey of people who claimed a home-office deduction versus those who didn’t found that the chance of getting audited was the same in both groups. If you’re eligible for the deduction, take it. It could be worth
So, you have completed your comparative market analysis and research and finally decided on a location in which you would like to purchase your rental property. You have decided on the amount that you can afford, and arranged conditional financing – and now the fun begins!
Buying a home represents one of the biggest purchases that an individual can make. The decision should not be taken casually. Ultimately, an informed homebuyer is better equipped to make the right decision about a residence and whether this house will fulfill your personal needs. With the right information at your disposal, a homebuyer should