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Investments
There are many
types of real estate investments depending on your
area of interest.
REHAB - If
you’d like to invest in a rehab property in which
you’ll fix up a home and sell it for a profit, it’s
important to consider the carrying costs as well as
the amount of money it will take to remodel the
home. You have to be realistic with your time
frames!
The more work needed to fix a
property will let you get the home very
inexpensively. There are some fixed expenses like
property taxes and selling expenses when you sell
the property. We help you find the right home to
fix up and give you insight into the right areas to
concentrate on to get the most bang for your buck.
Since it’s possible to overspend on remodels, we
help you determine the perfect amenities for the
location of your project. Our focus is to make sure
you know your costs before you invest so you can
make an educated decision for your investment.
RENTAL PROPERTY
– Rental properties have many tax advantages and
allow you to own a property while having someone
else pay for it. The Realtors in Minnesota Real
Estate Network, Inc. have owned rental properties
and will help you find out the right ways to find
tenants and figure out your profit for your property
and your potential tax benefits. Please see the
Investment Worksheet link to find out your potential
profit for your investment.
Land – You
may also want to invest in land as a buy and hold
strategy. If you invest in land it is important to
know which direction the county is expanding for
development and what the 20 year plan is for
expansion.
There are many other benefits
to owning land as well. You can rent out the land
to farmers and hunters which will pay you for use of
the property while you’re waiting for the county to
expand in your direction. You also can check on
building storage sheds on the property to see if you
can rent out space for summer and winter storage.
There is a 1031 Exchange Tax
program which allows you to roll profit from the
sale of your investment property into another
investment tax free upon the sale of your property.
There are many companies that will help you do this
and it is very beneficial for you to decrease your
taxes upon the sale of your investment property. We
can help you find the right company to 1031 Exchange
your property to another investment.
Please let us know if you have
any questions about investment opportunities we will
respond within 24 hours.
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