Creating wealth through real estate is one of the most consistent ways that millionaires become millionaires.
Investment Mortgage Loans for New Investors
Down payments can be as low at 15%. The 2 biggest obstacles to beginning your investing career are down payment and having enough income to qualify and we have solutions for both of those. Clients can generate the minimum down payment through a variety of sources such as using the equity in their current home, using a loan secured against an asset account such as a 401K or maybe bringing in a partner. On the income side of things – we can actually use 75% of the projected rent from the home – even if it is not currently rented. This can easily enable a person to qualify for multiple homes for their investment portfolio.
One of the first steps in the process is to decide your investment objectives – do you want short term cash, long term equity growth or cash flow? Are you interested in seasonal rentals, annual rentals or the very popular daily and weekly rentals offered through companies like VRBO? There are specific strategies attached to all of these investment options and the first thing we will do is to help you figure out what type of investor do you want to be? What are your goals and objectives – long term and short term? What is your risk tolerance? What is the best way to minimize risk and liability throughout the process? Should you buy as an individual or a corporation or as a trust? What are the pros and cons of each?
If you are a beginning investor with dreams of one day being a millionaire, think real estate investing. As a matter of fact, 90% of the world’s millionaires have started by investing in real estate.
The Fort Myers Mortgage Experts team knows how to invest in real estate for beginners, and can help you hurdle certain lending law obstacles that can make it cumbersome.
The Benefits of Real Estate Investing
Investing in real estate can certainly be a lesson in patience, but the beauty of it is its diversity. You can choose from different types of property such as:
- Open land for development
- Short-term rental (VRBO/AirBnb)
- Long-term rental (single family/multifamily)
You can have different returns on investment (ROI), for example:
- Constant monthly rental income
- Higher, but potentially less consistent (seasonal) income from a VRBO
- Long term investment on appreciated real estate
Real estate can be leveraged to purchase additional real estate or to make other investments. The value of your holdings can be included in your net worth to determine investment classification status.
Real estate is improvable, thus increasing value.
Real estate has a variety of available tax deductions.
Investing In Real Estate for a Beginner
Fort Myers Mortgage Experts will meet with you to discuss and refine your real estate investment objectives. Depending on your experience, we may help you:
- Purchase a primary residence
- Determine your fiscal fitness
- Help you establish or maintain good credit
- Steer you clear of common blunders (no money down purchases, overpaying)
- Think ahead—look for untapped or emerging areas of growth and development
Start Investing In Real Estate Today!
Contact Fort Myers Mortgage Experts today to start your journey from beginning investor to experienced investor and beyond. We have heard from other successful clients, and we can’t wait to hear from you!