September 17, 2019

NOW THAT YOUR FOCUS IS ON INCOME TAX SAVINGS . . .

I am happy to announce:  Greater Seattle is having a sale!

Purchase pricing for investment properties and the mortgages to buy them are at all-time lows.  Consider the following benefits of investment property:

*  The following are deducted from the rent collected:

  • Mortgage Interest and Points
  • Property Taxes
  • Insurance
  • Utilities
  • Repairs/improvements
  • Maintenance
  • Property Management

*  Depreciation:  Deduction of the value of the ‘improvement’ usually over 27.5 years

BEST OF ALL:  Your tenants are purchasing the property for you!

“It is a great time to buy” . . . statement confirmed!

Go to the link below to see what Warren Buffet has to say about buying Real Estate!

http://www.youtube.com/watch?v=28tnd5NZdWM

“Never invest in anything that eats or needs repainting” . . .

This title is a quote from Billy Rose, composer and investor.

THE LESSON:  Any investment that depends on repeated infusions of cash probably is not as good an investment as it first seems.  Even if you try to take the ongoing expenses into account, there is a good chance that you will underestimate them.

Example:  Those who are tempted to take advantage of today’s beaten-down real estate prices by becoming landlords should speak to a few other landlords — or a knowledgeable real estate consultant — first to get a clear picture of what you may be getting yourself into.

This warning is my introduction to a series of articles to follow on the ins and outs of investment properties.

ARE YOU AN INVESTING BOOMER?

Baby boomers are participating in the investment real estate market segment. A survey of 1,300 agents and brokers by Coldwell Banker Real Estate found that baby boomers not only have a strong desire to purchase and own a home, they want more than one home.
About 87 percent of respondents said they have baby-boomer Clients who already own or are looking to own investment property, including 22 percent of agents who report that at least half (50 percent) of their boomer Clients are taking advantage of today’s market and historically low interest rates to own such investment properties.