Real Estate is a multi-dimentional asset class that if used properly can generate wealth for the owner. Couple of reasons why real estate is an attractive class of asset in my opinion.
1) It is the asset class that can be leveraged (as low as 5% down payment of your own money – the rest of 95% are someone’s else money)
2) Owner can live in the property and continue to pay down the principle balance while luckily gaining equity (in this case) or if decided, can generate rental income from the asset to bring in cash flow.
3) There are abundant of attractive and low cost money for real estate out there if you qualify for the loan. 30 years fixed mortgage at historical record low are still a great benefits for homeowners. The interest rate is on the rise – so lock down your rate now.
4) Annual tax benefits from primary residence’s mortgage interest and property taxes (please check with your accountant).
5) Capital Gain Tax exemption – when you need to sell your home, you may also qualify for capital tax gain exemption ($250,000 exemption for single filer and $500,000 exemption for married filing jointly)
6) Possible for 1031 exchange tax deferred program – if you have an investment property (rental properties) you may qualify for 1031 exchange program when you sell and buy a replacement property.
Contact me to discuss the benefits of owning a real estate today.

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