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INVESTING IN MANATEE COUNTY REAL ESTATE:
LEARNING CENTER
Top 10 Reasons to Buy Bradenton, Florida Real Estate
6 Golden Rules: The Key to Investing in Bradenton, Florida Real Estate
8 Steps to Successful Real Estate Investing
10 Biggest Investing Mistakes
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9 Reasons to Invest in Real Estate
If you study the richest people in America, you will find that they have one thing in common. Almost without exception, the rich either make their wealth, or keep their wealth, in real estate. What do THEY know that most people don't? They know that real estate is the surest way to building wealth. Here's nine reasons that YOU should invest in Bradenton real estate.
1. Anyone Can Do It
For starters, real estate investing is advantageous because anyone can do it. It is easy to understand, easy to find, and easy to finance. Owning a small business can require tens of thousands of dollars in start up costs. An investment property may require only 10% down (or less) on the value of the house. You do not need much of the purchase price in cash to buy a property.
2. Real Estate Values Tend to Increase Relatively Smoothly and Consistently.
Real estate increases in value over time. The U.S. Department of Housing and Urban Development reports that median home prices appreciated at an annual rate of 6.1 percent from 1972 to 2002. Compared to the volatility of the stock market real estate predictably increases in value over time.
3. Real Estate Offers a Great Return on Investment
Real estate provides a great return on investment. For a small down payment you can own a large investment being paid for by a tenant. Where else are you going to make a small down payment, let somebody else pay for it, while you enjoy all the rewards?
4. Real Estate is Depreciable
The fact that real estate is depreciable is another great advantage. Real estate investors enjoy a tax break because it allows them to reduce their taxable income through depreciation even when a property is increasing in value through appreciation.
5. It Helps Reduce Your Taxes
Claiming property related expenses and mortgage interest may help offset taxes owed on your regular source of income. Real estate offers the best tax savings of any investment.
6. Real Estate is a Stable Investment
It is generally slow to rise and slow to fall. It doesn’t surprise you. The real estate market is predictable for anyone who’s paying attention. Unless you overpay for the property from the beginning, if you’re prepared to hold your investment, you’re probably not going to lose money over the long haul.
7. Real Estate Provides Shelter
Real estate is literally the only investment vehicle that can put a roof over your head. The home you live in can be an investment. More than that, it can be the foundation piece of your financial wealth-building program.
8. It Can Provide Supplemental Income
Investing in Real Estate may enable you to supplement your income for large expenses like education of your children or savings for your own retirement.
9. Real Estate is Very Forgiving of Mistakes
If you buy a property, the chance of that property going up in value around the long-term national average is pretty high. The average increase is relatively consistent, smooth, and predictable. Even if you happen to pay a little too much for a property, if you hold it long enough you’ll be OK.