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3 Benefits of Real Estate Investment
  • Builds Equity: Each mortgage payment is a deposit into your saving for your future
  • Tax Benefits: You can save on your taxes by deducting the interest you pay on your mortgage payments
  • Appreciation: Home Values continue to rise at a steady rate over the long haul

7 Factors that make the Best Zip Codes so Attractive for Investors

  •  Home prices are projected to rise faster than other areas
  • Positive outlook for employment
  • Local economy is predicted to be better than other areas
  • More of the right properties are available
  • There is a strong housing shortage in that area
  • There is a strong commitment to neighborhood improvement
  • There are good schools nearby
 
Real Estate Tips for Investors
  • Check your credit report, most lenders require a 700 or greater FICO score.  Also, make sure your debt -to- monthly income ratio is low. Check Credit Karma for your free credit report from 2 major bureaus https://www.creditkarma.com/
  • The 1% rule, Get a monthly return greater than 1% of the sales price, an example would be a $200,000 home should get $2,000 a month rent, equating to about 12% annual yield.
  • The location is very important, not only should you inspect the property, but the neighborhood and surrounding area should be thoroughly gone over. Research the past owners, crime rates, colleges nearby, anything that influences property values so that you can maximize returns.
  • Learn about the tax benefits private investors receive as an incentive for providing housing to people, the most significant tax benefit is the depreciation write-off.
  • Start small, find a simple easily rentable home, before investing in the huge fixer upper and trying to flip it.
  • Plan for the upkeep and care of the home, if you plan to be the landlord you will need to collect rent, keep records, file taxes, screen tenants, handle maintenance, insurance plans, write rental agreements and much more.
 
Scottsdale’s “live, work, play” lifestyle meets all these factors, the schools are ranked some of the highest in the nation and the economy is constantly growing. If you need some help starting your investment journey or have questions please contact me.