Welcome to this 4-part series on building wealth through real estate investment! In this series, we’ll explore the four key ways rental properties can help you grow your wealth: cash flow, debt paydown, appreciation, and tax benefits. When done correctly, real estate is a powerful tool for diversifying your retirement portfolio. Plus, with four distinct …
Welcome to part 2 of this 4-part series on building wealth through real estate. One of the key strategies in real estate investing is leveraging debt to increase your returns. In simple terms, leveraging means borrowing money (a mortgage) to fund the purchase of a property. This give you the benefits of owing a more …
Welcome to part 3 of this 4-part series on building wealth through real estate. The next crucial pillar in real estate investing is appreciation. Over time, property values tend to increase due to inflation, demand for housing, and the inherent value of land itself. This rise in property value means that the asset in which …
Welcome to part 4 of this 4-part series on building wealth through real estate. Last, but certainly not least, tax savings are a huge benefit of real estate investing. The IRS allows real estate investors to deduct certain expenses, one of the most significant being depreciation. Depreciation allows you to deduct the cost of your …
I believe buying real estate in Johnson County, KS is a fantastic way to build long-term wealth. It’s an especially great place for first-time home buyers, because of how relatively affordable it is to buy a house here. You can usually depend on home appreciation in Johnson County to stay just above inflation. Plus, the …
People often ask me: “Is remodeling my home a good investment?”. Other times it’s stated as fact: “Remodeling IS ALWAYS a good investment. Any money I put into my house, I’ll get back when I sell it”. My response is typically the same: “Well, maybe, but not likely”. In our article, Cost vs Value: What’s …
Having a good understanding of home buyers and sellers is a very important part of the real estate business. Learning about buyers and sellers has plenty of obvious advantages. Here are a few highlights from the National Association of Realtors® latest Profile of Home Buyers and Sellers: Buyers Sellers The main takeaways here are: If …
Believe it or not, when selling your home, no one makes more of an impact on a successful sale than you. A great Realtor will have a solid plan for attracting buyers, but without your cooperation, those showings won’t translate into offers written. Here are some important home showing tips that will contribute to a …
Whether you’re buying or selling real estate, how do you know what’s included in the sale of a house? Presumably, you’re buying or selling the house itself and the land on which it sits. But what about the fancy refrigerator, home theater, or smart thermostat? It depends. Typically, anything “permanently attached” should stay. However, it …
What’s An Escalation Clause? The greater Kansas City metro is still a seller’s market. Currently, it’s still very common for sellers to receive multiple offers on their house. When that happens, it’s common to see offers that include an Escalation Clause, also known as an Escalatory Addendum. Simply put, an escalation clause states a buyer …