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REAL ESTATE
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Real estate investing secrets
Income & growth together
Buy & sell for good profits
Make money, minimize risk
.
Have questions?
Want more info?
dane@englishu.com
One of the best investments you can add to your portfolio is real estate. After you have some safe and steady growth with an IUL (Read more here:
RETIREMENT
),
then you need to consider adding the chance for bigger profits to your investments. Stocks allow you to build up equity and have lots of growth potential, but you have no control over how the company is managed and if the company fails then you have no value in the end. Bonds can provide a little cash and have some tax advantages if the bonds are municipal, but there's no equity and growth is slow. Cash also can't build into a large asset for you sitting in the bank.
Real Estate has many advantages, depending on how you invest. You can get monthly cash from rental properties, and you also build equity if your properties appreciate in value. You can use this value to borrow money to buy more properties or use for other purposes. Even if the value drops some, you still have land and buildings that are assets you can hold or sell. And there are tax advantages for certain types of real estate investing.
There are three common ways that people invest in real estate. The first way is wholesaling properties, getting a contract on real estate and then trying to sell those rights to another investor without doing any work on the property. This way to make money is becoming more difficult because there are many TV shows encouraging people to try this. Without having your own money to invest, you must convince someone else to give you more money for the property when you did not do any repairs or add value to the property. In a city that has a very large area to explore, perhaps you are saving investors time and gas because you searched and found properties for them, but this is a difficult way to make money.
The second way people invest in real estate is buying properties that need repair, doing the repairs, and then selling for a profit. Of course there is risk if you pay too much for the property, but that is where your experience and the help of a good real estate agent are important. You must buy cheap enough so that you can add the cost of repairs and still make a nice profit. If the repairs are too extensive, then you must buy cheaper. And hopefully you can do some of the repairs yourself or know reliable people who you can hire to do the repairs.
The third way people make money from real estate is collecting rents from properties they own. You can buy commercial or residential properties, then after you have enough occupancy you can borrow money on those properties to buy more real estate. This gives you income and growth at the same time. You can also hire a property management company to handle rent collection, repairs, and more so that you don't need to worry about managing all of your real estate.
There are some simple math formulas that can help you decide if a property is a good value. It depends on the price you pay and the final selling price or the amount of rent you can collect. If you need some help with this, or want a real estate agent to help you find, buy, and sell properties to increase your investment returns, contact
Dane Galden of Coldwell Banker
:
dane@englishu.com
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