HomebuyingFinancial IQ October 26 2018

3 Reasons to Invest in Real Estate

Increasingly, Americans are choosing to invest in real estate instead of stocks, bonds, or mutual funds. From 2000 to 2016, real estate outperformed the stock market at a ratio of about 2-to-1.[1] For three years in a row, Bankrate found more U.S. adults feel real estate is the best way to invest money not needed for more than 10 years.[2] Still, only about 15 percent of Americans are currently investing in real estate. So why aren’t even more people taking advantage? The same Bankrate survey discovered the most common obstacles to choosing real estate investing are that it's too hard, costly and far out of their expertise. If you find yourself agreeing with those arguments, here are some reasons to reconsider:

Immediate cash flow.

There are many cases of real estate investment in which an investor purchases a property and receives a rent check at the end of the first month. Of course, this isn’t always the case, but even after a mortgage payment, repairs, or paying a property management company, generating a cash flow return is not uncommon.

Tax breaks.

Real estate investments can come with tax deductions on mortgage interest, operating costs, property taxes, insurance, depreciation, and even travel costs to and from your property. Not only will you be sending less money to the IRS, but you’ll automatically be increasing your cash flow.

Equity.

If you make paying off your mortgage a priority, your equity—or the amount of your home that you actually own—will build quickly. Here are some tips to speed the process: Pay more toward your principal. The faster you pay down your home loan, the faster you build equity, even if your home is appreciating slowly. Choose shorter loan terms. When it comes to building equity, a 15-year mortgage is better than a 30-year mortgage. Home improvements. Increasing the value of your home helps narrow the gap between what it’s worth and how much you owe.

Are you ready to invest?

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Digital Mortgage 19

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January 25 2017

Mortgage Tip #3 - You should not buy a vehicle

Applying for any new credit, including one used to purchase a vehicle, could result in inquiries on your credit report. This can lower your credit score, which can affect the amount of money you can qualify for....

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January 25 2017

Mortgage Tip #2 - Do Not Co-Sign a Loan

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Breaking Down Your FICO Score

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Tips on Buying in a Tight Market

Increase your chances of getting your dream house instead of losing it to another buyer, with these easy steps. Get prequalified for a mortgage. You'll be able to make a firm commitment to buy and make your offer more desirable to the seller. Stay in close...

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4 Tips to Getting Your Finances in Order

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What Is a REALTOR?

A real estate agent is a REALTOR when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS, The Voice for Real Estate -- the world's largest professional association. The term REALTOR is a registered collective membership mark that identifies a real...

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What Your Home Inspection Should Cover

Siding: Look for dents or buckling Foundations: Look for cracks or water seepage Exterior Brick: Look for cracked bricks or mortar pulling away from bricks Insulation: Look for condition, adequate rating for climate Doors and Windows: Look for loose or tight...

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