5 Sneaky Smart Ways To Invest in Real Estate This Year

Every market offers different real estate opportunities, and there hasn't been a year that we haven't bought or SOLD real estate. These are some of the ways we are thinking about investing in this current market.?

1. Buy up and rent out current home: Yes, many homeowners have cheap interest rates and don't wanna give them up, but what about turning your current home into a rental?!? You will add cash flow and capitalize on the increased tax benefits of a rental property. The cash flow covers some of the increased payment on the new crib, and you get the appreciation of 2 properties; AND the new tenant is paying down your rental's mortgage. This works really well for those w/ townhomes or condos.?

Thinking about selling or renting your current home check out this video I did about the thought process. It has over 20,000 views on youtube. ????

https://www.ajteamrealty.com/blog/should-i-sell-or-rent-my-house/

2. Buy up and sell your current home - Many folks look at their current home the wrong way. The best way to increase real estate wealth is APPRECIATION. For those that CAN afford a bigger, more expensive home, think about the following 2 things:

*appreciation of value on a more expensive home??

*The increased interest deduction.?

https://myhome.freddiemac.com/resources/calculators/tax-savings is a great resource.?

The average tax savings for a $900k mortgage is almost $11k per year = $916 per month

3. Buy a rental where your kids go to college - This can have multiple benefits. It’s often cheaper than on campus housing, has tax benefits, and teaches your kids the important life skills of real estate and property management. This can really work well if your kids are going to a college in a cheaper market than you live in, which is ANY college town outside of the DMV.?

You can buy a 2nd home depending on location for as little as 10% down.

4. Sell the smaller rental property and buy BETTER rental properties - Folks with good equity or folks that just don't own the BEST rental property should think about transferring the equity of a decent rental for a better rental. For example, maybe you need a better location or multiple units. Last year, we sold a rental in order to have CASH to buy and build new construction duplexes. Many times the property you need is held up by the property of which you can't mentally let go. Using equity to buy up is the smartest way to level up your real estate investing.?

5. Help your kids buy their first property - The greatest financial gift you can give the next generation is a down payment on their first home. That first down payment gifted by my parents changed my life. Notice I didn't say give them a home; GIFT them a down payment. A significant part of your investment strategy should be helping your kids' financial future. Why wait? Help them now. Think about how much earlier you could've gotten started if you had YOU to help with a down payment.

Recent 30 sec video about my parents helping me buy my first home.

https://www.facebook.com/share/r/CatF1AbWCcsW2B3Z/

See you at the closing table,

AJ

AJ Team powered by EXP Realty

[email protected]

571.210.1818 Direct

$750 million SOLD and counting....

Amazon Best Selling Book