Real estate is typically known to be a safe (and smart) investment. If you're looking to diversify your financial portfolio through investing in real estate, our team at Churchill Mortgage is here to walk you through your options.
When we say real estate can change your financial future and build a legacy for your family, we mean it. In fact, the IRS reported that 71% of all Americans declaring $1 million or more on their tax returns in the last 50 years invested in real estate or related activities. A diverse portfolio gives you a greater chance at wealth, and building equity through real estate is a time-proven strategy.
The Top 6 Things to Help Make Your Property Profitable
When purchasing an investment property, the last thing you want to do is invest money into a property only to find out it won't be profitable. Focus on these 6 things in the area you are thinking about buying:
Location
Average Rent
Economic Growth
Job Opportunities
Nearby Entertainment
School District
Why You Should Keep Your Property for as Long as Possible
Investing in real estate may offer the benefits of quick cash flow for some, but many experts agree this is a solid strategy for longer-term retirement plans. When it comes to building lasting wealth, equity is key, and real estate investments offer just that.
#1 Tip When Building an Investment Portfolio
Real estate can build wealth that outweighs fluctuations in the economy (and interest rates), you just need to work with an investment property expert and to get a smarter mortgage plan. When you're building your investment portfolio, you don't want to get trapped in a mortgage that you'll regret.
