What you need to know
- You have direct control of your Real Estate Investment.
- You generate passive income.
- Your investment property is an asset and fulfills a societal need.
- You can build equity for the future.
- It can provide Cash Flow for Retirement.
- Markets can be fickle; there are no guaranteed returns.
- Most investors have to double as landlords as well.
- Acquiring financing can be quite the task.
- There is a learning curve. (With Tucker Real Estate as your trusted advisor that won’t be an issue!)
Decide Your Type of Investment Properties
There are several types of investment properties you may want to consider. These may range from single family apartments to multi-family or commercial properties. You need to decide first which type is right for you.
What Are Your Financing Options?
Most people hardly ever have the cold hard cash to finance their Real Estate venture in one full swoop. So the best alternative would be to research other options such as banks. You should also look at interest rates, which can be higher for investment properties, taxes, insurance costs and maintenance expenses associated with your property.
Be sure to look into the tax benefits for investment properties where available; this can help a lot in offsetting some of your expenses.
As you start your venture, remember that local trends are paramount – not national ones. Property Values and appreciation rates vary a lot from one neighborhood to the next, depending on the local job market, supply and demand, schools and other factors.
Learn From Others’ Experiences
Don’t be bashful to go to a seminar or take a short course to learn more. Real Estate investing is a long-term commitment with very little short term growth; so get all the facts and tactics right before diving into the market.
Get Real Estate advice from us here.
Over time, a property will eventually appreciate in value, but there are other cases where your investment could lose value or take longer to appreciate. Historical data suggests that long-term investors have seen an average annual rates of return between 5% and 9% on property investments. For example, if your investment property is worth $10,000,000 – in time you can start seeing returns between $500,000 and $900,000 every year!
However, it is important for you to look at how much you can realistically tie up in real estate while waiting for these returns to start pouring in.
How would you like to have Tucker Real Estate, the premiere choice for Real Estate in Trinidad & Tobago, as your trusted advisor; helping you every step of the way to your Real Estate success?
All it takes is ONE phone call, ONE email…and we’ve got your back for life.