Spring into Spring With Smarter Real Estate Investment Strategies

 

Hunting for the Perfect Investment Strategy:
Why Real Estate Fits the Bill

 

April is here! That means a few key things: one, sunnier evenings. Who doesn’t like to finish a long day in the office, only to look outside and see there’s still a bit of sunlight left to enjoy? Two, tax season looms closer.

Then, of course, there’s Easter for those who celebrate it. Even so, hunting for colorful Easter eggs on a rainy spring day may be a distant childhood memory. Now, as an ambitious investor, you are on a different hunt, and it’s not for something that you can fit neatly in a flimsy little basket: an investment opportunity that is both rewarding and relatively interesting.

This month, to keep with the spirit of tax season, I want to share major tax benefits of investing in real estate:

Real Estate Tax Benefit in the US

To start, many investors worry that real estate will require too great a commitment: both in terms of time and money. Plus, it’s not just the thought of pouring time and money into property that is intimidating; it’s also the belief that you’ll have to care for it and maintain it, as if it were a living, breathing thing.

The good news is that investors who own rental properties can enjoy many different tax deductions, many of which apply to the most challenging aspects of real estate: think property tax, market fluctuations and–yes–even basic wear and tear. In other words, if you learn that you have to repaint more than one-third of your units to ensure that the walls practically sparkle, you can account for that come tax time.

Additionally, the 1030 Exchange makes it easier than ever to maximize your real estate strategy. When you take advantage of it, you can temporarily forgo taxes on a sold property and instead pour your gains into a different property. Essentially, you are performing a trade of sorts, either for a property that is equally valuable or one that is even more valuable. This can allow you to get a feel for different markets without risking too much just to test the waters.

Final Thoughts

Sure, nobody really “looks forward to” tax time. There are so many documents to look over. If you stare at them for too long, all the words and numbers seem to merge into one confusing mess. But when you take into account what you stand to gain as a real estate investor, tax time may soon feel less like an inevitable inconvenience and more like an advantageous chore.

Happy spring and tax season!

Until next time!

 

 

 

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Instant Equity

The phrase “instant equity” should refer to the difference between what your home is worth at the time of closing and your mortgage balances — i.e., what you owe on it. For most buyers, that would mean their instant equity was the amount they had put down on the home.

Equity is the difference between what you owe on your mortgage and what your home is currently worth. If you owe $150,000 on your mortgage loan and your home is worth $200,000, you have $50,000 of equity in your home.

Your equity can increase in two ways. As you pay down your mortgage, the amount of equity in your home will rise. Your equity will also increase if the value of your home jumps.

 

 

 

 

 

 

About Jacky Fils:

Who am I? I am a Real Estate Investor & Entrepreneur who happens to be a physician. I have chosen this path after understanding very well the in’s & out’s of above-average return on investment (ROI), backed by a solid asset, Real Estate. I have been actively investing in real estate in the western Massachusetts area for a number of years. My mission is to provide quality housing for quality tenants, while at the same time providing an above-average return on investment (R.O.I) for our investor partners. It is truly a win-win-win way of investing!

Jacky offers his investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset, and without the hassle of being a landlord, please contact Jacky.

For more information about Jacky and his investment program,
please call 857-800-1237 or visit https://jackyfils.com/