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With property prices currently sagging, more and more investors are looking towards real estate as a smart addition to an investment portfolio. Certainly there is money to be made in property, but there is also a great deal of risk involved. Education and experience are the keys to navigating the often-hazardous property market. Here?s a quick guide to help you build up the right property portfolio.
Why should you invest?
Property investment carries with it numerous advantages for investors. According to broker and President of Equity First Realty, Ben Yonge, the current down market is the perfect time to capitalize in the property market.
?Real estate prices are so extremely low.?Buying an undervalued or distressed piece of property usually means that it can be ?cash flowed? with a nice annual yield if the right tenants are placed,? he explains.??Prices are already on the rise so holding cash-flowing properties for the next three to five years should mean substantial gains in appreciation.?
Preparing your finances
Gaining the correct financing is often the key to building a great property portfolio. It?s always wise to arrange financing before looking at your first property, to avoid losing out to other buyers who may have already secured financing. Many lenders will demand an up-front sum of up to 30 percent as a down payment on the loan, so ensure that you?ve got the money prepared before proceeding.
Know your market
Buying property is a major investment, so it?s important to analyze all the facts before taking the plunge. If you plan on renting the property, Yonge says that the current rental market and total cash required are the two most important factors to consider.
?Buyers need to know where they?re buying and should verify that the property can be tenanted quickly,? he says. ?In addition to purchase costs, buyers must also factor in the costs to bring the property to rental ready condition.
Similarly, if you plan on renovating the property in order to resell it, you should speak with a real estate agent or financial planner to ensure that the investment will be worthwhile.
Taxes
Even the brightest prospects can be sunk by a heavy tax burden. That?s why it?s always wise to consult a real estate attorney about the relevant taxes before closing a property deal, to identify any loopholes or money-saving measures. For example, investors may be able to sidestep capital gains taxes on an investment property if they have lived in the home for at least two of the last five years, according to the?IRS.
Growing your portfolio
Once you?ve successfully purchased your first property, you can begin growing your investment portfolio. To help expedite the process, Yonge recommends hiring a professional. ?Working with a good real estate agent, and preferably a good wholesale brokerage can save a ton of time and greatly increase the number of deals a buyer is able to analyze,? he notes. It may be wise to invest in several different types of property to reduce risk in the face of market fluctuations.
Read more:?http://www.foxbusiness.com/investing/2012/05/10/how-to-build-real-estate-portfolio/#ixzz1viimDM8d
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Feel free to contact Walter Unger? regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs
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COMMERCIAL REAL ESTATE SHORTSALE / EXPAND AND UPGRADE ?
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Central and Southern Arizona.
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Walter Unger CCIM, CCSS, CCLS
I am a successful commercial Real Estate Broker inArizonanow for 15 years and I worked with banks and their commercial REO properties for 2 years.
1.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND OR UPGRADE.
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In my opinion we are at or near the bottom of the Commercial Real Estate cycle inArizona and now is the time for you to expand or upgrade on your Commercial Real Estate. The prices on deals I may get you will not be around forever.
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2.
IF YOU OR ANYBODY YOU KNOW IS IN TROUBLE WITH YOUR BUSINESS, AS MANY AMERICANS ARE IN THE MOMENT, AND ARE ABOUT TO LOSE YOUR COMMERCIAL PROPERTY, PLEASE CONTACT ME.? IF YOUR BANK IS BEHAVING BADLY I MAY BE ABLE TO HELP YOU GET OUT OF SOME OR MAYBE A LOT OF FUTURE HEADACHES.
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If you have any questions about the 1 or 2 above, I will gladly sit down with you and share my expertise and my professional opinion with you. Obviously I am also in this to make money, but it could be a win-win situation for all of us.
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Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell)? 602-778-5110 (office direct).
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Thank You
Walter
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Walter Unger CCIM
Associate Broker
Kasten Long Commercial
2821 E. Camelback Road, Suite 600
Phoenix,AZ85016
Cell:????? 520-975-5207
Direct:?? 602-759-1202
Office :? 602-445-4141
Fax:????? 602-445-4188
walterunger@ccim.net
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Delivering the New Standard of Excellence in Commercial Real Estate
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www.KLCommercialGroup.com
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Disclaimer of Liability
The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided ?as is,? with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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