You want to invest in real estate. Rusty Solomon mandrien But you're new and you are unfamiliar with this investment. Defining your goals for tax benefits through the choice of housing and tenant need to know to start your career as a landlord .
You bet on the stone to build a portfolio and secure your future? You are right. You purchase a durable good called to take the value over time, Rusty Solomon mandrien rents that will supplement your income month, you can enjoy tax benefits and you will enjoy an average rental yield of 3.5 to 5 %. For more information, see Property rental and profitability.
Precautions before investing in real estate
Do not go headlong into an improvised risk operation to undergo certain troubles (difficulty rent, need to review the rent down in a loss of profitability, etc.. ) Rusty Solomon mandrien Your priority : well you know. You will look at the type of housing, the rental market, the choice of the type of tenant rent ( furnished or unfurnished ), financing and credit, taxation.
You start by defining your goals. The idea, in fact, is what you intend to do your investment. If you want to collect rents in the long term, for example, you do not choose the same home, or the same address if you wish to return home or apartment to live or accommodate your children in a few years .
To prepare your project, start by asking yourself the right questions : will you receive a pension in the form of rents ? Would you take shelter in a few years to make your future residence Rusty Solomon mandrien Will you sell it to a cash value? Are you planning to accommodate your children or send them this right?
It is based on the answers to these questions that you define your goals, which will determine the location and housing. If you want to live there for the next ten years, you will select as if it was your primary residence. You can for example invest in a city sought the coast. If you bet on rents and profitability, you opt for a common high rental demand. Rent a student requires to choose a city that has a university center .
In all cases, choose a good location. The area should be fun especially well served by public transport. The presence of local shops is a plus, as well as green spaces and security. In short, reason as if it were you who were going to become the tenant.
|Time:||Wednesday, March 14, 2018 12:00 PM - 1:00 PM EDT|
new york city (New York, NY)
New York, NY 10007
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