Real estate investing can be a lucrative game to get into, but it can also be a hard nut to crack. From learning which houses are good to buy, to making decision making regarding renting or selling, there is a sea of information out there. Following the tips from those individuals who have made it work will be helpful on your path to success.
There are multiple types of properties you could buy; multi-family homes, single family homes, land, commercial property and retail space. It helps to know your way around the market before setting down any investments. Familiarize yourself with investments types and financing plans.
A tip of utmost importance is to do your research. It is not all location, location, location. It is research, research, research! Find a good qualified banker and check your credit score. Look at properties in your area and see what they have sold for to help you establish a price point. It’s also a good idea to talk with other key investors to get the lay of the land in your area.
For more details on investing, visit Kairos Estates. Their website has an informative explanation of 1031 Exchanges from the IRS. These special exchanges allow you to defer taxes if you “exchange” property. There are a few rules; it is the IRS after all. Forty-five days after the sale of property, you have to identify three possible replacement properties and close on one within 180 days of the original sale.
Kairos Estates is located at 501 West Glen Oaks Boulevard #449 in Glendale. To reach Kairos Estates you can call (818) 6329429. You can visit them at www.kairosestates.com.
