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Buy An Investment Property

Decade after decade, real estate has proven to be a solid investment. A rental property can generate cash flow in addition to building equity. Owning investment properties also may offer certain tax advantages.

Here are some issues to consider when you’re thinking about investing in real estate:

  • Type: Do you want a duplex, triplex or quad that you can live in yourself while renting other units? Or do you want to buy a condo, townhouse or single-family home? Do you plan to rent the property out year-round, or use it as a vacation rental? If the latter, will you also use the property yourself?

  • Location: You’ll pay a premium for a property in a more desirable neighborhood or a vacation hot spot, but you may command a higher rental price.

  • Repairs: If the house needs work, consider whether you’ll earn your investment back. Updates to kitchens, bathrooms, HVAC systems and roofs can all be costly.

  • Maintenance: Maintaining the property helps protect your investment. If you don’t live nearby, you’ll need to contract with someone to keep the house in good shape.

  • Local landlord/tenant laws: You’ll need to do some research on local regulations, particularly on rent control or other laws that could affect your ability to cover your mortgage payment, property taxes and expenses.

  • Tax implications*: You can deduct operating expenses that exceed the amount of rent you collect on an investment property, and you can depreciate an investment property. You can deduct losses on the sale of an investment property, but you must pay capital gains tax on profits. The implications may change if you live in the home.

* Consult your tax advisor

We can help you determine how much equity you have available and how much you can afford to invest in a property.


What Our Customers Say

I wanted to take a quick moment and let you know about my experience with one of your associates, Ruth Falcone. My wife and I started out looking at options for a new home, how much we could afford, etc. In the span of less than 2 months, we went from a mere dream of moving into a bigger home, to the reality of making settlement this past Monday. Ruth could not have been more attentive, approachable, easy to work with and quite frankly made me feel as if I were the most important client in the world to her- She even provided us with assistance on an offer we wanted to make- and it was 1am.... I am not kidding. No matter what the question was, she was always there with the answer. Her dedication to her profession was what has enabled me to navigate this otherwise potentially stressful road to owning our dream house, and she made it easy. She is, by far, not only very professional, knowledgeable, and easy to work with, but clearly took a true ownership in seeing us through this process- I am a General Manager for Marriott International. I earn my living through making people happy, comfortable, making them feel at home when they are on the road, away from their true "home" , which is often stressful to travelers. I have to tell you- Ruth is a rare breed. All too often people get shuffled through processes and are just another file on a desk- What you have in Ruth Falcone is a true treasure & I felt the need to share my experience with you both- Have a great evening & thank you.

~ Kostas & Kristen