Daniel Kalenov illuminates one of the best investments one can make is buying a home, especially at a young age. This gives your money time to go to work for you vs. paying rent to build someone else's equity.
2. INVESTMENT
Investing in real estate has
become increasingly popular
over the last 50 years. It can be a
great way to grow your wealth
if done responsibly and with an
understanding of the risks and
rewards.
3. RETURN ON INVESTMENT
Return on investment (ROI) is an
accounting term that indicates the
percentage of invested money
returned to investor after the
deduction of associated costs. With
real estate you can make money in
many ways.
4. FORCED SAVING ACCOUNT
In an ideal world, a prospective
homebuyer would save enough for a
20% down payment while increasing
(and stabilizing) their income and
polishing their credit scores. Such a
buyer has nearly unlimited options
for mortgages, and is sure to get an
excellent deal if they shop
intelligently.
5. BUILD YOUR EQUITY
Equity can be built through a leveraged investment by
means of mortgage payments, or, if you paid for your
investment property in full. Equity can be earned by means
of sweat (i.e. property improvements), or as a result of
appreciation. If you are borrowing money to own an
investment property, then an automatic passive equity
increase is in your future.
6. RENTAL INCOME
Make sure you are taken seriously as a landlord. If you're
thinking about spending money on your rental property,
don't be wasteful, as improvements cut into your ROI. You
want to spend money on things that will increase rental
income.
7. Gerry Goodman - For More
Real Estate Tips
Daniel Kalenov has been working in the BUFFALO
WY, for decades as one of Best Real estate agent in
USA & also most experienced real estate agents,
helping individuals and families find their most
desirable real estate in this incredible BUFFALO town
and all to learn about real estate marketing tips in USA.