Why Real Estate is Clearly a Smart Investment

Protection Against Runaway Inflation

Considered by many experts to be one of the surest and smartest investments available today, real estate investing is an ideal way of protecting and growing wealth. This is especially true considering that it offers excellent protection against runaway inflation. More people than ever before, as a result, are including residential or commercial real estate assets in their investment portfolio. Here are a few primary reasons why investing in income-producing real estate can protect and grow wealth year after year.

Buy More Assets Using Less Money

For example, this type of investment vehicle will provide for positive cash flow. Investing in real estate is a proven way of generating a regular income stream that is notably more robust than typical stock related dividend yields. Also keep in mind that when investing in commercial real estate it is often possible to buy more assets using less money. This is simply due to the fact that it is possible to place a greater amount of debt onto an asset that can be up to several multiples of the original equity.

Leveraged By Multiple Cash Flow Streams

In addition, increasing positive cash flow is possible by using positive leverage on any given real estate asset. This can be done by borrowing money at a lower cost to the borrower than what the property is capable of paying out. In essence, both residential and commercial real estate investing allows for low-cost debt to be leveraged by multiple cash flow streams. It is also an excellent hedge against inflation. Historically speaking, real estate investments as compared to other asset classes such as stocks and bonds provide the best inflation hedge available today.

Depreciation Acceleration

As an added advantage, Anacortes real estate investments of just about any variety are known for maximizing tax benefits in a very substantial way. Today's existing US tax codes are designed in such a way that they greatly benefit real estate owners. For example, investors are able to leverage unlimited mortgage interest deductions as well as depreciation acceleration. This helps to protect the positive cash flow that is routinely generated by real estate investors. Finally, asset value appreciation helps to secure the purchasing power of real estate investors. When properties are effectively managed, the end result can be impressive returns and remarkable asset value appreciation over the short and long-term. Contact Nicole Haun today to learn more about profitable investments in real estate in Oak Harbor Washington.

About Nicole

Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities.

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Smart Strategies For Investing In Real Estate

Modern Real Estate Opportunities

Few other investments in the world compare to those involving real estate. That said investing in this type of asset is often more complicated than investing in things like stocks or commodities. As such it is a good idea to first gain an education on the subject of investing in investment properties. Here are a few smart strategies for investing in today's modern real estate opportunities. For example, location should always be a prime concern. The old saying that location matters is just as true today as it was years ago.

Fixing Up And Selling A Home

Before handing over a huge down payment on an investment property, always make sure that you have carefully chosen the best location for a given area. Compare the worst and best houses on the street to help you determine if your investment is indeed sound. Obviously, choosing the least desirable house in an excellent neighborhood can be a smart move financially. Investing in fixing up and selling a home and by bringing it up to the standards of surrounding homes is typically a very profitable venture.

Available At A Deep Discount

In addition, smart real estate investing frequently involves finding and comparing wholesale properties. A savvy investor in real estate will typically avoid paying full price for an investment property. Focus on looking for wholesale properties that are available at a deep discount. Those that require major rehab or remodeling or foreclosure properties are just a few examples. Maximizing return on investment begins by making a smart purchase at the very outset. Equally important is to consider the tax benefits associated with investing in real estate.

Tax Benefit Of Depreciation

The tax credits and advantages associated with investing in real estate can be substantial and rewarding. Real estate investors can write off depreciation and take a wide range of other important tax deductions. Consulting with a tax advisor is the best strategy in this regard. One example of a depreciation related tax benefit is that of the depreciation write-off. This can be taken on a residential building and can last as much as 27 years. Conversely, an Oak Harbor commercial building investment can enjoy the tax benefit of depreciation for more than 39 years. Consider these simple yet important tips and strategies as a way to maximize your returns as a modern real estate investor. Contact Nicole Haun today to learn more about investing in Anacortes real estate as a profitable long-term venture.

About Nicole

Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities.

Read our latest Press Release

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Tips on Being an Efficient and Effective Property Manager

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Today, more than ever before a growing number of people are choosing to manage their own properties as a way to increase rental income and revenue. That said here are some useful ways of being a more effective property manager regardless of whether the property is residential or commercial. Keep in mind that being a landlord can be challenging so be prepared by bringing to the table a wealth of research and knowledge.

Renting To The Right Tenants

A competent property manager requires investing time, effort and money into being one that is truly successful. One of the most important aspects of getting property management right from the very beginning is always screening tenants thoroughly. Renting to the right tenants can save a lot of time and trouble down the road. Do a comprehensive credit and rental history check to ensure that you are choosing the best applicant. In addition it is important to have the correct kind of lease or rental agreement in place.

Important To Fulfill All Obligations

It goes without saying that having a written lease agreement for any rental property is an absolute necessity. Downloading the first free online copy of an agreement that you come across is not recommended. It is better to hire an experienced real estate lawyer who can then write up an agreement that will ultimately save you money in the future. The right type of lease agreement will clearly state all rights and responsibilities as they relate to both parties. As a landlord it is important to fulfill all obligations. This includes properly maintaining a property, and providing other routine maintenance as necessary such as keeping the lawn mowed and performing routine repairs and upkeep.

Gift Card To A Local Restaurant

Equally important is to reward your tenants when possible. Being overly strict and excessively overbearing can deter long-term a lease with good tenants. Tenants who consistently pay rent on time and who never have issues or problems should be rewarded occasionally as a way to show appreciation. Whether it is a gift card to a local restaurant or some other type of similar gift, a small investment in a gift of appreciation is well worth the investment. Finally, always carry full rental insurance on any rental real estate in Anacortes as a way to protect your property at all times. One lawsuit or some other type of event such as a fire can result in devastating losses for property owners. Contact Nicole Haun today to learn more about Anacortes property management and real estate ownership.

About Nicole

Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities.

Read our latest Press Release

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Secret Real Estate Tax Tips that can Save you Money

It is a proven fact that those who have accumulated substantial wealth are better able to maintain their wealth simply by taking advantage of tax credits and tax breaks. Tax benefits can be derived not only from smart general income tax preparation but also highly efficient real estate tax preparations and considerations. In many cases the most tax benefit can be gained by owning a second home or an investment property as opposed to a primary residence. Investing in Anacortes real estate is an excellent way of building wealth especially when real estate tax implications are considered and effectively maximized.

Safe Harbor Rules

The first example of a way to save money when it comes to real estate taxes is to take full advantage of all safe harbor rules. This suggests that if you are the owner of a second home, it may be worth renting out the property especially if it is not being used. Tax rules vary based on how long an owner uses their home in terms of total number of days per year. Talk with your tax professional to find out the specific rules as they apply to safe harbor. Depreciation of rental property is another key consideration that should never be overlooked. The IRS views a rental property as a business expense.

Depreciation Losses

As such tax rules allow a property owner to deduct depreciation losses for a specific time span. This is another case where talking with your tax professional can help you to determine how best to target depreciation write-offs to save money on a real estate investment. One important concept when it comes to depreciation is that houses typically appreciate in value as opposed to depreciate. This is a key idea in that as a property value increases depreciation actually never takes place. As a result, property owners save on taxes and profit on the value of their home as it's worth rises.

1031 Exchange Rule

Equally important is to take full advantage of what is known as the 1031 exchange. When a property owner sells a rental property they can avoid paying any capital gains by simply reinvesting the proceeds of the sale into the purchase of another property that is more expensive. This rule can be complicated and that is why is important as stated earlier to always consult with your tax professional. The 1031 exchange rule can help property owners maximize the value of their real estate investments while avoiding the danger of eroding capital by having to pay the IRS capital gains taxes. Consider these simple yet important tips on how to save money on taxes as a real estate investor. Contact Nicole Haun today to learn about more investing in real estate in Anacortes Washington.

About Nicole

Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities.

Read our latest Press Release

Twitter Hash Tag #RealEstateInAnacortes

Follow Nicole Haun on Twitter @HomesAnacortes

Skagit County Continues to Experience Record Increases in Home Prices

Demand for Homes Throughout the Region

This is generally good news for both buyers and sellers throughout the region because it shows the area to be high in demand and quite popular. In short, the demand for homes throughout the region has outpaced inventory for the past 18 months. Skagit County’s market has been particularly active in recent months. Indeed, the median home price throughout the first quarter of 2017 has increased faster than almost every county in the Puget Sound.

Homes are at a Premium While Inventory Remains Low

Skagit County experienced a 14% increase year-over-year in home prices as compared to a state average of around 12%. While there are debates about the reason for this continued increase, one thing is sure and that is that homes are at a premium while inventory remains low. The good news is that motivated buyers working with an experienced and knowledgeable Skagit County realtor will still have an excellent opportunity to find a quality home at an affordable price.

Choosing to Commute to Seattle

As a matter of fact, Skagit County is considered by many to be one of the most affordable places to live in the region even in light of recent price increases. Many people today are choosing to commute to Seattle and even to Vancouver Canada from Skagit County because of its incredible affordability as compared to other counties in the state. Anacortes is another area that has experienced some of the highest median prices for homes in Skagit County. With a growing number of active-duty military being based at Whidbey Island Naval Air Station, homes are continually snapped up quite quickly.

Greater Popularity Even with Somewhat Higher Home Prices

Anacortes is particularly popular to naval personnel because of its highly rated public schools and easy access to I-5. While Whidbey Island and the city of Oak Harbor is probably more affordable, Anacortes enjoys greater popularity even with somewhat higher home prices. It is also important to note that builders across the state are responding to a shortage in inventory by building more homes in the first quarter of 2017 than was the case the same time last year. Contact Nicole Haun today to learn more about affordable Anacortes housing that is always impressive.

About Nicole

Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities.

Read our latest Press Release

Twitter Hash Tag #RealEstateInAnacortes

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Video and Other Cool Ideas to Help Sell Your Home

Having the Right Modern Tools

Video and other modern technologies can help you sell your home much faster than would otherwise be the case. From high definition (HD) videos to aerial drone videos and the latest in Internet technology, today’s homebuyers and home sellers have more tools at their disposal than ever before. In short, having the right modern tools today can improve your chances of buying or selling in a more profitable and successful way. Marketing to consumers has never been easier and more convenient than it is right now.

Listed on all of the Real Estate Portals Online

Seizing all opportunities when it comes to marketing whether online or off-line will ensure a faster sale or quicker purchase. For example, in addition to a standard multiple listing it is also a good idea to make sure that your home is listed on all of the real estate portals online. The major ones like realtor.com and zillow.com as well as truly.com can bring an influx of potential buyers. From creating multipage hardcopy marketing material such as mini magazines showcasing your home to producing professional quality HD videos, the possibilities are endless for those wishing to have a more successful and profitable sale.

Megapixel Cameras that Produce Stunning Images

Perhaps most important of all is in getting professional photographs right when it comes time to sell. Megapixel cameras that produce stunning images are more affordable now than they have ever been in the past. Always take generous numbers of photos and only keep the very best to publish with your property listing. Even better would be to hire a professional photographer to ensure that the images are truly spectacular. Drone photography is another excellent option that is being used by more and more Anacortes home sellers. In addition, 3D floor plans are valuable to potential buyers because it gives them a better idea of what to expect during an actual walk around.

Live Actors and Professionally Shot Film

Finally, video is perhaps one of the most valuable tools at the disposal of today’s motivated home sellers. Innovative and unique video used today goes far beyond the old virtual tours of vacant homes. Video used for real estate in today’s world features music, live actors and professionally shot film that is professional grade from start to finish. Most importantly, video is an essential tool simply because it gives homebuyers the opportunity to create a genuine emotional connection to the property that they are considering. Contact Nicole Haun today to learn more about real estate for sale in Oak Harbor that is affordable and always impressive.

About Nicole

Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities.

Read our latest Press Release

Twitter Hash Tag #RealEstateInAnacortes

Follow Nicole Haun on Twitter @HomesAnacortes