Are you considering buying an investment property? Buying a property in Florida is an excellent investment, whether you are a local or foreign investor.
Property ownership is an excellent investment; whether you are looking for flipping, renting your own property or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment. Now, anyone can build wealth through real estate. The real estate investing offers you an attractive potential return to build long-term financial freedom.
When investing in real estate, the goal is to put money to work today and allow it to increase so that you have more money in the future. The profit, or “return”, you make on your real estate investments must be enough to cover the risk you take, taxes you pay, and the costs of owning the real estate investment such as utilities, regular maintenance, and insurance.
When you are ready to start the process of real estate investing, you’ll want to decide which of the real estate investment types is most appropriate for you, where you want to put your devote significant time, effort, and resources to own your financial independence and passive income.
Whether you are a local investor or foreign investor you need to consider that you should almost never buy investment real estate directly in your own name. Experienced real estate investors use a special legal structure known as a Limited Liability Company (LLC), or a Limited Partnership (LP). You should seriously speak with an attorney and accountant about this matter. There is a myriad of reasons, some having to do with personal asset protection if something goes wrong and you find yourself facing something unthinkable. It can save you unspeakable financial hardship down the road. Hope for the best, plan for the worst.
At Congrains Group we specialize in residential real estate investments, such as single houses, condos/apartment buildings, townhouses, and vacation houses.
1.- Real Estate Appraisal: Property increases in value due to changes in the real estate market. In a healthy market, the value of the property tends to rise. There are investors who are only interested in protecting their capital and investing in properties without an interest to rent it. They only want to earn equity and protect their capital. Many times these properties are empty part of the year and the owners from other states or foreigners come to vacation in them.
2.- Cash Flow Income: This type of real estate investment focuses on buying a real estate property, such as a condo, an apartment building, single house or townhouse and operating it so you collect a stream of cash from rent, which is the money a tenant pays you to use your property for a specific amount of time. Cash flow income can be generated from well-run storage units, apartment buildings, office buildings, rental houses, and more.
3.- Flipping a property is a popular type of short-term real estate investment. Flipping a house means that you are buying a house with the intent of selling it, usually quickly, for a profit. The most common type of property that is flipped is a single family home. However, almost any type of real estate can be flipped for profit.
Multi-Family Homes are great flipping opportunities include renovating the existing units or adding additional units to make the property more valuable to prospective buyers.
In order to be a great property investment, you need to buy at the right price. This means that after renovations you can get a profit. Renovations need to be made in a short period of time, you’ll need a team that you can trust to have the renovations done quickly.
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