Have you noticed that real estate values have soared in last few years? With attractive interest rates, property sales are brisk and in many areas of southern California values have exceeded the 2007 value, before the big collapse. This is a fantastic time to be a property owner and specially in the investment real estate.
Real estate investment makes sense and many of the country’s millionaires are proof of this. Typically, one purchases with small down payment and lets the bank finance the remainder. This is often referred to as leveraging the sale, using a small amount of one’s own money and using the banks money to complete the sale. Lets look at a figurative investment of $100,000. You put 20% down and bank provides the remainder in form of a loan. As property values increase, your original investment of $20,000 grows and grows. Using a very modest rate of 7% annual appreciation in a year your $20,000 investment is now worth $27,000. In 5 years your original $20,000 investment will have tripled in value. At the modest 7% yearly appreciation rate this $100,000 property in 5 years would be worth $140,000!!! Your NET WORTH would be $60.000.
If you purchased real estate as an investment, JUST HOW WELL IS YOUR INVESTMENT WORKING FOR YOU in 2014? While there may have been an occasional headache here or there. You have done EXTREMELY well for yourself! I applaud YOU, real estate investment is one of them many things that make the USA a great place. Have you inspected your investment lately? Unlike stocks or such, you can see and touch your actual investment, but at the end of the day, its only an investment. Some get emotionally attached to their investment and suffer in form of LOST monthly income and NET worth. So, How Well is yours performing for YOU?
What where your original plans for investing? Was it to have stable monthly income one can live off at retirement time? Or provide needed monies to put your children thru the best universities? Or to become a millionaire? Etc, etc…. Here’s some food for thought
• interest rates are low and banks are making investment property loans
• plan on keeping your investment for at least 5 years?
• what is current rate return on your investment?
• do you need additional tax write-off?
• how can you get the monthly income level needed for you nad your family?
• how can you defer some or all the management?
These are question you can and should explore. I have over 28 years experience in investment real estate. One of my services is the Investment Analysis, I supply all the facts and you decide what is best for. Of course this is free of any cost or obligation. Call or simply fill out this form.