- YOUR FIRST HOUSE SHOULD BE YOUR FIRST INVESTMENT HOME
There are many benefits to buying your first home as a real estate investment. Being young, this may get you your first taste of financial freedom and benefit you for years to come. Perhaps you are in college, renting out the other rooms in your house to other students not only pays your mortgage but making the lease through their parents makes it a stable income. This just builds foundations for your next steps which are upgrading or investing in multiple properties.
- LOOK FOR THE LOWER END #HOMES IN THE BEST NEIGHBORHOODS
People pay so much attention to the minor problems in a house, things that don’t cost very much to fix like carpet, floors, gutters, lawns, paint color, etc… When looking for an investment, these minor fixes can be a great bargaining tool when buying the house. By looking for the lower end homes set in the most desirable neighborhoods, you will save yourself more than enough to make those minor fixes after.
- LONG-TERM FINANCIAL SECURITY-
Owning rental-property can give you long-term financial security. Property values appreciate over time, meaning that your investment or land is going to be worth more in the future. Having a second steady flow of income can give you a head start in financial freedom, investing, saving, and retirement planning. Rule of thumb, consider three things… the location, location, location.
Orlando was the rated the 3rd in Best Places in the Nation to Invest in Real Estate in 2018. If you have any questions please feel free to contact us.
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