Why Real Estate Is The Best Investment

Here’s Why Real Estate Is The BestInvestment

When you look at financially successful (aka rich) people andtheir portfolios, what is something they have in common?

Stocks? Check. Luxury vehicles? To be expected. Real estate?Definitely.

Thankfully, real estate investment is not just for richpeople. In fact, with proper guidance, the right timing, andfavorable market conditions, it can be a great way to grow your ownwealth.

Here are the top three reasons why real estate is the best investment.

• Build equity.When you invest in real estate and pay property mortgage, you alsobuild equity. Equity refers to the current market value of yourhome (minus what you still owe on the loan). Your home’sequity is an asset that becomes part of your net worth. When youhave equity, you have the leverage to invest in more properties orincrease your cash flow.
• Tax breaks. InFlorida, there is no distinct tax on businesses owned by singleindividuals or sole proprietorships. There is also no individualincome tax. This means you can invest in property without payingstate income tax.
• Cash flow andappreciation. Cash flow refers to the net income from yourreal estate investment after loan payments and other expenses havebeen deducted. Over time, as you pay off your mortgage and build upequity, you can generate long-term cash flow.

Generally, real estate value increases over time, especially ifyou’ve chosen a strategic location. Should you decide to sellin the future, you can turn a considerable profit.

Real Estate Investing 101: Tips On How To Invest In Real Estate

• Find a strategiclocation. It’s been said many times, but it bearsrepeating location is key. Real estate is a long-term investmentand the last thing you want is to be stuck in an area that isstagnant. When you look at a property, consider the lifestylefactors. Are there good schools nearby? What amenities areavailable? What about access to public transport or majorthoroughfares? What’s the crime rate in the area? Ifyou’d want to live there yourself, that’s a goodstart.
• Be ready for newresponsibilities. If you’re set on becoming a rentalproperty owner, you must be prepared to take on the associatedresponsibilities. Managing the financial aspect is just one of themany things you’ll need to do. For instance, you will need tobe on top of maintenance, and it’s important to work with aprofessional team of handymen and contractors. In some cases,owners who know their way around a toolbox opt to do the jobthemselves to save money. When it comes to maintenance, alwaysremember that it’s more prudent to nip it in the bud.
• Do not hesitate to askfor professional help. Especially if you are afirst-timer. It “takes a village” to find and grow thebest real estate investment. Even if you don’t need them justyet, have a list of go-to professionals – realtor,accountant, plumber, electrician, to name a few - that you’vealready researched and vetted.

Ready To Dive Into Florida Real EstateInvestment?

Corcoran Connect is a Saint Cloud, FL real estate agencythat specializes in helping buyers and sellers in CentralFlorida.

Jeanine Corcoran and her team also work with clients in Harmony,Lake Nona, Kissimmee, and of course, Orlando. With years ofexperience under their belt and a track record of impeccablecustomer service, they can guide potential investors on the bestway to invest in real estate.

Check out their official YouTube channel for free expertinsights or better yet, call 407-953-9118 to organize apersonalized consultation.