Tucson Real Estate & Tucson Home Search

Pest Control Ideas For The DIY Homeowner

5 DIY Pest Control Ideas

For The Handy Homeowner These Ideas Will Save You Money

As a homeowner, you know you have many responsibilities to keep your home looking nice, feeling comfortable, and staying safe and secure for your family.

The work is seemingly never-ending, as there are always repairs, upkeep, and improvements to do. Then there’s that little problem with unwanted house guests.

Not the family you’d prefer to avoid, but those creepy, crawling critters. Pests come in many forms, including a variety of rodents, insects, and other unsightly bugs which get into your food, leave fecal matter on your floor and even cause structural damage.

On the bright side, there solutions that can eliminate pests and keep them out for good.

Secure Pet Food and Your Food

When pests infiltrate your house, they are looking chiefly for two things: a place to set up camp and food to eat. Different pests will choose various places to nest and hang out, but all like to eat — like any animal. If you have easily accessible food sources, this will attract creatures into your home.

This certainly doesn’t mean you can’t keep as much food on hand as you want or need. But what it does mean is that you should be careful where and how you store food. For example, mice have little trouble nibbling through packages and cardboard. If you have such containers out in the open, it’s best to seal them in storage bins.

If the pests can’t access the food, the chances are good that they’ll pack up and move elsewhere. Don’t forget the pet food. Food is food to these hungry bugs. Make sure to place dog food, cat food, and other pet food in tight containers that pests can get into.

Keep Your Home and Property Clean

Sometimes, it’s just a matter of tidying up your home, and you won’t see pests taking up residence there. Ants and cockroaches, for instance, love it when you leave crumbs on the counter or floor. To overcome this problem, simply sweep throughout the day. Wash off countertops and tables with a disinfectant spray. Mopping the floor will also discourage pests from coming inside.

It’s also helpful to organize areas such as the basement. Keeping these rooms free of clutter will reduce the number of hiding places where a pest may choose to live. Outside your home, secure woodpiles in sheds. Rake leaves frequently and address any areas where moisture is accumulating near the foundation.

Seal Openings

It’s tough to prevent all pests from getting into your home, but you can cut down on the likelihood of these home invaders finding their way in. Pests come in through small gaps in windows and doors. You can close these entryways by taking caulk and sealing the cracks around these areas.

Dehumidify Your Home

Of all the pests that can invade your home, spiders are often the most unnerving. Some species of spiders are poisonous. The mere sight of a spider can cause some people to panic. One of the smartest ways to keep spiders at bay to make your home less humid.

Spiders love this climate, so purchasing a dehumidifier will make your place unappealing to these arachnids. These are especially helpful in the basement, where it can be more humid than other areas of the house.

Get a Mouse Trap or Two

People have used these contraptions for decades. They come in many varieties but generally work in the same way. Traps are effective and inexpensive. Place them in areas where mice are most likely to hang out.

There are also poison bait stations available. These devices store poison pellets, which the mice will nibble at, taking pieces back to their nests. Some make the mice thirsty, driving them outside in search of water, where they subsequently die.

Professional Pest Control

If you employ the above tips and you still have a pest infestation, professional exterminators are highly effective. Professionals have a variety of methods to killing pests and their young in their nests.

They’ll come in, access the problem, suggest a treatment plan and give you a quote. Just make sure to hire the best pest control company in Tucson, AZ to ensure the job gets done right with the best techniques.

The Above Article on pest control prepared in Collaboration with – Katelyn Price <katelyn@pricemediapr.com>

Considering A Home in Tucson, AZ?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor Team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Our goal is to provide insight, advice and the highest level of professional services to you. We want you to be proud to recommend us to your family, friends and acquaintances.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

But most important, our professional service backgrounds mean we put you first!

Conclusion

Pest control can be an issue in southern Arizona. The desert is a breeding ground of wide range of pests that need to be controlled.

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients tell us that.

Our website provides information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for.

We are a top Realtor team in Tucson, AZ since 2002. Take a few minutes to read our profiles and client testimonials.

Are we the Tucson Realtors you have been looking for?

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

Back to – HOW TO BUY A HOUSE IN ARIZONA

Buying a Senior-Accessible Home

The Ins and Outs of Buying a Senior-Accessible Home

Tips On Buying an Accessible Home for Those Retirement Years

Congratulations: you’ve entered retirement! At some point in the coming years, you may have to think about buying a senior-accessible home.

Before you make a decision, there are certain things you should take into consideration, such as the location or type of neighborhood you’d like to live in.

We’re here to help you on this journey as you search for your next home that will fit your new lifestyle.

Research accessible housing.

What type of housing are you looking for? Does an apartment or single-family home fit your lifestyle better than the two-story home you raised your family in? Once you stop working and retire, you’ll need to consider how much can you afford to pay for a mortgage and if you want to be close to your family.

Take into consideration your health (as well as your spouse’s health), because if either of you has a medical condition that requires attention now or will in the future, you may want to look for housing near a medical facility.

You’ll also want to think about how much it will cost you to buy a senior-accessible home. Prior to making a purchase, it’s important to research accessible housing in your area.

Look into the neighborhood.

Senior-living neighborhoods typically offer activities and programs for the residents that live there. These activities can include golfing, dancing classes, bingo nights, field trips, fitness classes (tai chi and Zumba are popular in retirement communities), or outdoor excursions.

Research the social activities these communities offer new home buyers before you take the plunge and purchase a home. It’s important that you don’t settle, especially if you know what amenities you can’t live without, like a pool or gym.

Learn about your home amenities.

A bonus of buying a senior-accessible home is that it usually comes with amenities that regular houses don’t offer. Tour the home and make sure you understand what senior modifications come with it. Are the doorways wheelchair accessible? Is the master bedroom located on the first floor instead of the second floor, so you can avoid climbing stairs?

Are all the bathrooms in the house handicap accessible? Are there ramps throughout the home, instead of stairs? If you don’t currently suffer from a disability, it’s still important to be prepared for one you may face in the coming years, especially if you suffer a fall.

Understand your financing options

If you’re not paying cash, it’s important for you to understand your financing options when buying a retirement home. A reverse mortgage is something to be considered if you’re no longer working and don’t have an income.

If you’re over the age of 62, it’s an option you should look into, but they’re not for everyone.

In addition to the age requirement, you must have a low mortgage balance you can easily pay off or own your home outright in order to qualify. You must also be able to pay insurance and taxes, as well as any upkeep around your new home.

Prepare yourself and your home for sale

Before you move into your retirement community, you have to put your current house up for sale. It can be a bittersweet experience, but taking a few steps to get yourself and your home prepared will ease the transition.

The first thing you should do after deciding where you’ll be moving is to de-clutter and say goodbye to items you no longer need or want. Realtors suggest going through your items and asking these questions for each:

Do I want or need this?
Does it hold sentimental value?
How often do I use it?
Do I have more than one of these items?

Answering each of these questions honestly will help you determine what you should get rid of and what you’ll take with you to your new home.

Before you start showing your home, make sure you put away any personal belongings you have laying around and fix any big-ticket items in disrepair. Cleaning carpets, washing windows, and repainting walls are easy ways to give your home’s interior a refresh.

Don’t neglect the outside of your home, because curb appeal can be a big selling point. Trim your bushes, mow your lawn, and put a welcome mat outside your door. By making your home clean and presentable, prospective buyers will be able to envision themselves living there.

There are many things to consider when purchasing a senior-accessible home. Make sure to research housing options, consider what amenities you need, review your financing options, and prepare yourself and your home for sale.

The Above Guest Article Provided by Michael Longsdon

For those interested in more information regarding Senior Accessible Homes or Home Modifications for Seniors……GO HERE

Considering A Home in Tucson, AZ?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor duo, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home. Review our profiles. Check out our backgrounds, education, and certifications.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients tell us that.

Our website provides information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for.

We are a top Realtor team in Tucson, AZ since 2002. Take a few minutes to read our profiles and client testimonials.

Are we the Tucson Realtors you have been looking for?

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

Back to – HOW TO BUY A HOUSE IN ARIZONA

Self Directed IRA for Real Estate

Using A Self-Directed IRA For Real Estate

Tips On Using an IRA to Buy a Home

Self-Directed IRA For Real Estate may make sense again. Once a popular investment option. The housing decline took a lot polish of the idea. As the real estate market improves, a Self-Directed IRA for real estate may again find favor.

What does it take to do it? First, talk with your accountant or financial adviser to evaluate your situation. Needless to say, there are risks.

The Basics

Here are the basic action steps to create a Self-Directed IRA for Real Estate.

Action 1: Set Up a Self-Directed Real Estate IRA: The first step is to establish an Unlimited IRA. This will be done using a registered self-directed custodian. This is the foundation that will permit an IRA to do real estate investments. Your Accountant or Financial Adviser will be able to do this for you.

Action 2: Fund Transfer : The custodian will request, track and direct the transfer for funds from your prior IRA holder(s) into the new self-directed account. This might take 2 to 3 weeks depending upon your prior IRA custodian’s to transfers funds.

Action 3: Establish A Limited Liability Company (LLC): A key component of the process is to create a Limited Liability Company (LLC) for your Self Directed IRA. The LLC will provide the means to invest. The LLC is the tool that provides self-direction

Action 4: Funding the LLC: With the self-directed IRA funded and the Limited Liability Company in place, you can capitalize the LLC. Once done, your self directed IRA for real estate will control the LLC. The LLC will hold the cash in the LLC checking account.

Action 5: Purchasing Real Estate: Your IRA, through the LLC, will now be able to invest in Real Estate. You will control your IRA and be able purchase Real Estate by simply writing a check from the LLC.

Summary

This may sound challenging. However, with the right professional assistance the Self-Directed Real Estate IRA is really straight forward. A Self-Directed IRA For Real Estate Investing isn’t for everyone.

Discuss the idea with your accountant or financial adviser. Assess the risks and rewards. There are opportunities in many cities. Tucson Real Estate has been improving. It may provide you a great opportunity!

What more information on Self Directed IRA’s? Here is a quick video.

Search the Tucson MLS to find Tucson Real Estate Investments

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients tell us that.

Our website provides information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for.

We are a top Realtor team in Tucson, AZ since 2002. Take a few minutes to read our profiles and client testimonials.

Are we the Tucson Realtors you have been looking for?

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

Back to – HOW TO BUY A HOUSE IN ARIZONA

Reverse 1031 Exchange

Reverse 1031 Exchange – The Opposite Of The Delayed 1031

Understand The Details Before Pulling The Trigger

A “delayed” 1031 exchange allows a person to sell a property before buying a new property. Its should be no surprise that the Reverse 1031 Exchange allows a person to do the opposite.

A Reverse 1031 Exchange allows a person to buy a new investment property before selling an existing one.

Why would someone want to do this?

Simple. A great deal presents itself and there isn’t time to sell an existing property to get it. Or, a someone is looking to buy an investment property in a hot real estate market. For instance….Tucson.

The Reverse 1031 Exchange is a way to get this done.

But —- Danger – Will Robins – Danger!

Before diving into a Reverse 1031 Exchange consider this……

A reverse exchange is more complicated than a standard 1031 exchange. A lot more.

So get an expert involved…….early. Yes, that means paying some professional fees! But if the rules aren’t followed, it can cost you money.

Revenue Procedure 2000-37

Reverse Exchanges took place for decades before formal Revenue Procedure guidance was published. But the Revenue Procedure created very favorable “safe harbor” benefits for investors doing them.

The “safe harbor” requires a Qualified Exchange Accommodation Arrangement (QEAA). With that in place, the IRS will not challenge the qualification of property in the transaction. Whether it is a “replacement” or “relinquished” property.

The requirements of the QEAA are:

1. The property is transferred to an exchange accommodation titleholder (EAT). The EAT in the form of a LLC. The purpose of the transfer is so that the taxpayer is not the holder of the property.
2. At the time of transfer to the EAT, it is the taxpayer’s intent that the property held by the EAT represents either the replacement and/or relinquished property.
3. No later than five business days after the transfer of the property to the EAT, there must be a written Qualified Exchange Accommodation Agreement.
4. No later than 45 days after the transfer of the replacement exchange property to the EAT, identification of the relinquished property or properties is required. The identification must be consistent with the existing delayed rules.
5. The combined time period that the relinquished and replacement properties are held in the Qualified Exchange Accommodation Agreement is not to exceed 180 days.

Now keep this in mind, the Exchangor cannot receive property they already owned as replacement for property to be relinquished.

Two Key Considerations

> Funding

First, the Exchangor needs to have the finances to buy the replacement property.

This is due to not yet relinquishing a property to have the cash available.

The Exchangor must draw upon other financial resources for the acquisition. Any loan from a commercial lender requires them to lend the money to the EAT.

> Parking

Parking refers to the EAT taking and holding title to the property during the exchange. (“Warehouse”, “station”, “place” would also be apt descriptions, but the IRS uses “park” as its metaphor.)

Parking allows the Exchangor to meet the requirements of Revenue Procedure 2000 – 37. It prohibits ownership of the relinquished and replacement property at the same time.

There are two parking approaches for completing a Reverse Exchange.

1 – Park the replacement property or

2 – Park the relinquished property.

Deciding which property to park will be based on;

The funding source to pay for the acquisition.
Liens on the relinquished property, and
The equity in the relinquished property.

However, no matter what the circumstances are, if the replacement property needs improvements, it gets parked.

Further, the ownership of the replacement property must take place after completion of the improvements.

Costs & Risks of a Reverse 1031 Exchange

The costs of doing a Reverse 1031 Exchange are higher then a traditional exchange because it’s impossible to do it yourself.

You will need to have a Qualified Intermediary involved in the transaction. And the QI fees are higher because the Reverse 1031 Exchange process is more complex.

The Qualified Intermediary acts as a liaison between buyers, sellers and the IRS. They oversee the process to ensure every thing is correct.

Along with extra costs, there are additional risks associated with a reverse 1031 exchange.

For example, what happens if –

You can’t sell your property within the set time frame.
Your loan doesn’t get approved for the new property.
You don’t have enough cash on hand to buy a replacement property.
You don’t have enough time to make the necessary improvements on the property you wish to sell.

There are lots of considerations related to deciding which property to park. Unfortunately, there aren’t any simple answers.

If you have done a Reverse 1031 Exchange you probably know many of them already. If you haven’t, then find an expert to guide you through the process.

Considering A Home in Tucson, AZ?

Are you thinking of buying a home in the greater Tucson area? Using a 1031 Exchange or Reverse 1031? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor duo, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home. Our goal is to provide insight, advice and the highest level of professional services to you. We want you to be proud to recommend us to your family, friends and acquaintances.

Review our profiles. Check out our backgrounds, education, and certifications.

But most important, our professional service backgrounds mean we put you first!

Selling Your Home in The Greater Tucson Area?

Whether you are using a form of 1031 exchange or not, selling a home requires more than listing it in the Tucson MLS system. It’s about marketing. Marketing through multiple online channels.

To no one’s surprise, 80% of home buyers start their search on the internet. Homes must be visible on multiple internet channels. The more visible a home is, the faster it will sell.

And the photos on the mls make a difference. You can spend lots of money on home staging, but if the photos aren’t great it doesn’t matter. Staging and stunning photos make it all come together.

We use multiple online marketing channels to showcase your home. We will build a stand-alone website built to show your home. Our marketing program targets key cities in the U. S. based on the season.

For luxury listings, our drone service provides video of your home and neighborhood. This video along with professional photos helps the online buyer see and feel your home. Their “new” home.

To learn more about how we can help you sell your Tucson home, call us – 520-940-4541 – to arrange a meeting. We will visit your home and prepare a comparative market analysis.

Then we will meet with you to review our analysis. We will go over our Comparative Market Analysis for your home in detail. And the review our marketing program to “get your home sold!”

Conclusion

If you are an investor looking for homes in the hot Tucson real estate market, the reverse 1031 exchange should be considered. Why? Homes are selling fast and this type of exchange works.

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients tell us that.

Our website provides information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for.

We are a top Realtor team in Tucson, AZ since 2002. Take a few minutes to read our profiles and client testimonials.

Are we the Tucson Realtors you have been looking for?

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

Back to – HOW TO BUY A HOUSE IN ARIZONA

How To Buy A Home From Home – Get A Top Local Realtor Team

How To Buy a Home Without Stepping Inside

Technology And a Top Local Realtor Team in Tucson Are the Keys to Success

Tucson’s housing market continues with strong buyer activity and low home inventory. As a local Realtor team we are seeing the way low inventory is affecting the Tucson home buying process.

These conditions mean homes sell fast. Many with two or three offers. Conditions suggest the market will stay hot even as cool weather and the holidays arrive.

So how can you buy your “perfect” home when it comes on the market? And may be gone in a day!

If you want to visit the home before you put in an offer the logistics are not in your favor. But there is an option!

Consider This

We have been a local Realtor team in Tucson since 2002. We know Tucson and the Tucson real estate market!

Would you consider buying your Tucson home without stepping through the front door. At least not in person.

We are helping people buy a home without stepping inside. For some COVID-19 is the reason. For others it is the way to buy their dream home in a tight market.

A survey from 2018 showed that about 20% of home buyers had made an offer on a home without seeing it person.

That has jumped to 45% of home buyers in the last year. COVID-19 hasn’t slowed sales, but the way the home buying process works.

If you’re considering purchasing a home without visiting it in person, keep these tips in mind!

Find The Right Agent

If you’re buying a house without touring it first, you have to depend on your agent to be your eyes and ears.

It’s crucial that you go with an experienced local Realtor. Especially if you aren’t familiar with the area.

You will need to do your homework.

Ask questions on how the agent will work with you. How will they get to know you and what you are looking for in your new home.

Have they helped other clients through the same process? When, Where and How?

Will the agent take you on a tour of the home with the technology you know how to use?

One more important question to ask. How do I get out of the contract if I change my mind and not lose my earnest money?

Take Advantage Of Technology

Online listings with 3D home tours are up big time since the pandemic hit.

But whether you’re looking at a carousel of images or a 3D tour, don’t forget to ask your local Realtor to go a step further.

Have your Realtor take you on a tour of your top pick homes with FaceTime or Zoom.

Viewing a property with an experienced local Realtor in real-time allows you to ask questions. And get a sense of the “flow” of the home.

Is A Floor Plan Available?

Although most listings don’t have floor plans included, some do. Ask your agent to get one if it is available.

Experienced agents understand room sizes and potential floor plan issues. They will highlight them during your virtual home tour.

And don’t forget the outside of the home. Are high tension power lines nearby? How about busy streets or a lighted athletic field?

Considering A Home In Tucson, AZ?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But as a top local Realtor Team we can make the process much less stressful for you.

We have been local Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top local Realtor duo, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Our goal is to provide insight, advice and the highest level of professional services to you. We want you to be proud to recommend us to your family, friends and acquaintances.

Review our profiles. Check out our backgrounds, education, and certifications.

Don’t forget, our professional service backgrounds mean we put you first!

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients tell us that.

Our website provides information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for.

We are a top Realtor team in Tucson, AZ since 2002. Take a few minutes to read our profiles and client testimonials.

Are we the Tucson Realtors you have been looking for?

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

Back to – HOW TO BUY A HOUSE IN ARIZONA

Investing In Real Estate

Is It A Good Investment …….. For You?

For many people investing in real estate means buying a home. But there are other options to consider depending on ones objectives.

Residential real estate includes single-family homes, condominiums, apartments, townhouses, duplexes, and so on. Residential rental is different than commercial properties.

Tenants of commercial properties tend to be corporate entities or businesses. Not individuals who live in the property.

Residential rental property can be an attractive investment. Most people have firsthand experience with the rental market as tenants.

This familiarity makes residential rental properties less intimidating than other investments. A residential rental property can provide monthly cash flow. Cash flow and long term appreciation is why people invest in real estate.

The following guest article presents insights to owning rental properties.

“Benefits Of Investing In Real Estate”

Investing in real estate can be a highly profitable business.

If you are aiming for long-term prosperity and passive income, this is the gig of your dreams. You obviously need initial capital to be a part of this industry, but the money you spend now will propagate substantially (sooner than you think if you play your cards right).

Becoming a landlord is the shortcut to becoming rich fast and conserving the wealth for generations. Once you realize the financial prospects of this venture, you won’t hesitate to turn it into a full time career.

Real estate attorneys vouch for the returns of investing in this industry by elaborating the immediate benefits:

You get to be your own Boss

If you are fed up of your regular 9 to 5 and the pay is equally disappointing, real estate management might be your calling.

You do not need a particular kind of education to get in this business, and learning the basics does not require ample grey matter. You might have to take some well-calculated risks in the beginning, but being your own boss will compensate for minor setbacks.

Once you have acquired property and found a bunch of good tenants, income generates on its own. You will free up plentiful time in your schedule to pursue dreams and activities that matter to you.

You won’t be answerable to anyone and gain the privilege to work on your own terms.

Financial Stability and Security

The best thing about being a property owner is that you never go broke.

Yes, the overall value of your real estate may fluctuate marginally over time, but a piece of land is never useless. Real estate purchased by you translates to tangible assets, which can be cashed anytime.

The continuous revenue you collect from tenants pays off your mortgages and loans; it also helps you build equity fast and stay out of debt.

Renting out multiple properties can generate enough income to contribute to savings; you can retire early and enjoy the rest of your life.

Landlords have the privilege of welcoming inflation with open arms. The growing cost of living means that housing charges will go up too. The pressure of elevated expenses will transfer to your tenants, allowing you to maintain a comfortable lifestyle.

Old Investments are Gold

Bear in mind that when you invest in real estate, you are in for the long haul. If you are looking for a temporary commitment, this business might not be a good fit.

The price of real estate increases as the locality develops and populates. Acres of empty land you acquire for cheap this year may be worth a fortune a decade or two later.

It is always smart to invest in property that has potential to be converted into residential or commercial area. Apart from reaping huge profits in the future, you will be doing a favor to the community.

Tax Incentives

Real estate owners who lend property qualify for various tax exemptions, such as not having to pay self-employment tax on rental income.

The government also offers tax breaks for insurance, maintenance, repairs, and depreciation of property.

In addition, all money spent on traveling and legal expenses associated with real estate is deductible. Long-term investments allow for lower property taxes, thereby reducing overheads with time.

Author Bio

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Other Thoughts

A BIG consideration when investing in real estate is the investment is NOT liquid! Should the local real estate market tank and you need to sell, you may not be able to get your investment back. At least not all of it. You need to think “long term” as an individual investing in rental properties.

For those that already have rental properties in the investment portfolio and want of invest in stronger markets, consider a 1031 exchange. If you don’t have 1031 properties, you can set one up.

There are additional tax considerations when investing in real estate. As a passive investor the IRS has limitations on any losses you can deduct from other income you might have. Also, if your rental properties are out of the state you live in, you will have additional state income taxes in addition to property taxes. Be sure to discuss any potential investment in real estate with your tax advisor.

Last, have a local real estate attorney involved in your transaction. They know the market and the governing law.