How to Make Money in Real Estate Investing

Lower your taxes.  Tax incentives for real estate investors can make the difference in your tax rates. Deductions for rental property can often be used to offset wage income, and tax breaks may enable investors to turn a loss into a profit.

1. Use the right boxes and pack them carefully. Professional moving companies use only sturdy, reinforced cartons. The boxes you can get at your neighborhood supermarket or liquor store might be free, but they are not nearly as strong or padded; therefore, they can’t shield your valuables as well from harm in transit.

1. Get Pre-Approved – Not Pre-Qualified
To get the best property you can for the least amount of money, make sure you are in the strongest negotiating position possible. Price is only one element in the negotiations, and it’s not necessarily the most important one. Other terms, such as the strength of the buyer or the closing date, are critical to a seller.

Less is more.  If you’re new to investing in real estate and don’t know the first thing about interest rates, here’s a good tip: the higher the interest rate, the more the payment is going to be. High interest rates mean you will have to pay back more on the money you borrow.

Another good rule of thumb is that affordability increases if you use an adjustable rate mortgage. There are many options; talk to your lender about the various programs they offer for financing. If you need a referral, please let us know.

Finding the right real estate professional requires doing a little research and asking a few questions. You need to know everything about the selling process. What is the marketing strategy? What kind of advertising will be done? Is the realtor capable and willing to communicate effectively? Can the realtor effectively present and sell the less-noticeable assets of the property?

It's a great time to buy a home.  Interest rates are lower than they have been in years, more families are moving due to relocation, and there is a record number of new-construction neighborhoods in the Middle Tennessee area.