New Home for the New Year
Owning a piece of the American Dream aka Real Estate Ownership is the best and most likely the easiest way to grow your and your family’s net worth. Like any large purchase you need to not run in and buy any home you LOVE. You need to take a comprehensive approach and buy your first property as young as you can so you can take advantage of the ability to take qualifying profits tax free after a set period of time (consult your CPA) if you are not 20 do not worry as it is never to late to get in to the real estate game, you will just need to work harder, faster and smarter then a younger entrant. This allows you to do a few key things, 1- Upgrade your home every few yeaers to a nicer and nicer home (by starting at age 20 you could be on your 2nd upgrade by age 30!) 2 - Gain TAX FREE money from the sale of qualifying property and a tax shelter. 3 - Use the funds you have received to buy moderate income housing or mid-tier apartments as the demand in this sector is always high.
Being a real estate owner is still relatively easy if you have A+ credit to damaged credit, there are various ways to buy your 1st or move up home and even investment property. From conventional mortgage bank loans and government back funding to private lenders and commercial bank there are lots of traditional options to finance real estate. There are also more adventurous ways too like seller financing or AITDs and much more if you have the right Broker. Selecting a Real Estate Broker who is 100% versed in all aspect and methods is vital to your success in the world of real estate.
Contact us today for a full analysis – Our Job is more then just showing homes!
Amy Austin – GM , 805-369-9654 cell. RealtorAmyAustin@gmail.com