Posted on November 10, 2017 - 03:48 PM
by Bev West
Like new 2-story home move-in ready! Display of windows bringing lots of natural light welcomes you into this clean, well-maintained home. Living room/dining room opens to large kitchen w/lots of cabinets/counter space, new stainless steel appliances & breakfast bar. New carpet, new AC, vaulted ceilings, professionally Xeriscaped yard with KOI pond/fish, laundry room on level of bedrooms, finished garage, covered front porch, unfinished basement w/rough-in for Radon & Bath. This is a NICE,NICE home.
There are a lot of “gurus” out there who promise to teach you how to “get rich quick” through real estate investing. While much of what they’re selling are high-risk schemes, there is a way to make predictable, low-risk income through real estate investing. In this report, we’ll examine the tried-and-true tactics that can be used to increase your income, pay off debt … even fund your retirement!
One of the basic principles of real estate investment lies in this fact: everyone needs a place to live. But there are other reasons why real estate is a great investment choice.
Appreciation is the increase in your property’s value over time. History has proven that over an extended period of time, the value of real estate continues to rise. That doesn’t mean recessions won’t occur. The real estate market is cyclical, and market ups and downs are natural. However, in the vast majority of markets, the value of real estate does grow over the long term.
2. Hedge Against Inflation
Inflation is the rate at which the general cost of goods and services rises. As inflation rises, prices go up. So the money you have in your bank account is essentially worth less because your purchasing power has decreased. Luckily, real estate prices also rise when inflation increases. That means any money you have invested in real estate will rise with (or often exceed) the rate of inflation.
3. Cash Flow
One of the big benefits of investing in real estate over the stock market is its ability to provide a monthly cash flow. If you choose to rent out your investment property to a tenant, you can expect to receive a rent payment each month. If you’ve invested wisely, the rent should cover your debt (i.e. mortgage payment), as well as any repairs and maintenance that are needed. Ideally, you will have some additional cash left over each month to supplement your income.
Leverage is the use of borrowed capital to increase the potential return of an investment. That means you can put a small amount down, take out a mortgage to finance the remainder of your investment, and profit on the entire combined value. That’s the power of leverage!
5. Tax Advantages
One of the top reasons to invest in real estate is the tax benefit. There are many ways a real estate investment can save you money each year on taxes. Be sure to consult a tax professional, but if structured correctly, the profits you earn on your real estate investments can be largely shielded from tax liability. Just another reason to choose real estate as your preferred investment vehicle.
TYPES OF REAL ESTATE INVESTMENTS
While there are numerous ways to invest in real estate, here are the top three methods we’ve helped our clients use to start making money as investors:
1. Remodel and Resell
Commonly referred to as a “Fix and Flip,” investors purchase a property with the intention of remodeling it in a short period of time, with the hope of selling it quickly for a profit. Investors need to understand the risks involved and be prepared financially to cover additional expenses that may arise.
One of the more conservative choices for investing in real estate is to purchase a rental property. The appeal of a rental property is that you can generate cash flow to cover the expenses, while taking advantage of the property’s long-term appreciation in value, and the tax benefits of investing in real estate. It’s a win-win, and a great way for first-time investors to get started.
3. Short-term Rental
Platforms that facilitate short-term rentals, like Airbnb and HomeAway, are booming. Their popularity has spurred a growing trend toward dual-purpose vacation homes, which owners use themselves part of the year, and rent out the remainder of the time. There are also a growing number of investors purchasing single-family homes for the sole purpose of leasing them on these sites.
However you choose to invest in real estate, make sure you’re working with a real estate agent who has knowledge of the investment market and can guide you through the process. While no investment is without risk, a conservative and well-planned investment in real estate can supplement your income and set you up for future financial security. If you are considering an investment in real estate, please contact us to set up a free consultation. We have experience working with all types of investors and can help you determine the best strategy to meet your investment goals.
In Colorado, it is not a requirement to provide the Buyer(s) with a Property Disclosure Statement (SPDS) but is always recommended. It will be disclosed in the MLS if it is or is not being provided by the Seller. The SPDS must be current at the time of the listing contract and then verified that all information remains the same or identify items that have changed at time of offer. Buyers who purchase a bank foreclosure will not receive a SPDS. Banks are exempt from having to provide the buyer a SPDS.
The SPDS will reveal material facts about the physical condition of the property known by the seller and lists repairs the seller is aware were made. The Seller Disclosure (SPDS) does not take the place of a buyer's inspection that is usually made after a contract is agreed upon. The purpose of the inspection is to find major - not cosmetic - defects in the home. It is highlyadvisable to hire a professional inspector to do this.
In the event a major defect is discovered and the buyer and the seller cannot agree upon a resolution of the problem, the buyer may elect to cancel the contract within the inspection period and have their earnest money (Click Here to Continue Reading!)
8 Doghouse Ideas That'll Put Snoopy's Digs to Shame
Under the stairs
Photo by Baldwin Homes, Inc.
If the space beneath your stairs isn't very useful, break through the drywall to build a doghouse, Harry Potter-style (remember that's where he slept?). Adding wood siding and a peaked roof adds a bit of extra charm to this indoor twist on an outdoor classic.
Liven up the laundry room
You already laid down linoleum on the laundry room floor to handle wet towels, which makes it perfect for this unique dog house idea. If your pup has an accident in the laundry room, clean-up will be a snap. One note of caution: Keep your laundry detergent and dryer sheets up on a high shelf, far away from a counter-surfing dog's eat-anything appetite.
A doghouse idea for your entryway
Every dog owner knows that coming home to a greeting from an excited pup is one of the benefits of dog ownership. Make it easy for Fido to meet you right at the front door with a doghouse setup that's incorporated into the mudroom furniture. Built like an extra cabinet, it can even have a latching door if your pup likes to be closed in for comfort while you're away.
Out the back
Photo by DC Interiors & Renovations
If you're not keen on a doggie door that's cut out of your solid back door, try this on for size: Build a small doghouse right on the back of the house, with an entry into your abode. Then add a doggie door on the side. It will be easy for your dog to get in and out, provide an animal-dedicated space, and save your gorgeous door from being sawn in half. Of course, you do need to make an entrance opening in your wall, but we'll save that for another DIY story...
Upgrade your window seat
A window seat makes for a perfect place for dreaming ... for you and your dog! Cut out a sleeping area where you might otherwise have unused space. While you're soaking in the sun in the seat, with a good book, your pooch can snooze away in its private space just beneath you.
Incorporate your doghouse idea into the living room design
While you're adding organization to the den or living room, add a nook for your dog's naps. Shelves nearby can hold its toys, so they're up and out of the way (or will be, once you scoop them all up and place them in the basket).
Add to the playroom
Kids and puppies go together like chunky peanut butter and strawberry jam, and you'll often find them hanging out together. If your kids and dogs are attached at the hip, make sure the dogs have a perfect place set up in their best friends' playroom.
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