Los Angeles, Ca (PRWEB) February 05, 2013
The real estate experts at Red Blue Realty believe that the best investments for retirement are in real estate. Real estate offers a large and secure return rate on investment, with long term benefits that exceed virtually any other option for retirement. For investors to take advantage of this opportunity, they need only find the right property, analyze how long they want to hold onto the property, and utilize the assistance of real estate professionals like Red Blue Realty to find the optimal investment for their needs.
The place to start when selecting real estate properties as the best investments for retirement, is with choosing the type of properties and the locations of properties that are of the most interest to investors. Property location and the potential for rental income as well as resale value should be considered.
Real estate investors can choose properties ranging from multi-family homes, condominiums, or apartments, to a single family home. All of these properties make solid investments. Long term appreciation of property is virtually guaranteed; rental income should cover expenses associated with the property and offer the opportunity for profit. Continued economic growth in real estate, combined with currently low housing purchase costs, make the current climate an excellent one for investment in real estate. Purchasing a rental property for investment means investors will have no loss of monthly income, as tenant rent should cover mortgage payment costs.
Investors seeking the best investments for retirement can select a variety of investment options. An initial investment choice should be determined between purchasing a property as a second home or as a rental housing unit. The benefit of a second residence is that it can be claimed as personal property when it comes time to file an income tax return. In short, the interest payments on this type of investment property are tax deductible. An amount of up to $1 million in debt can be deducted by investors in either a first or second home. Of course, for a property to qualify as a second home, the investor must live in the property for at least fourteen days annually.
At Red Blue Realty, real estate professionals know that if a property is purchased as a rental, the investors should analyze the rental amount that a market can bear, and whether enhancements to a property will improve the amount an investor can charge for rent and draw residents for long- term rentals. Buyers should spend time becoming acquainted with the values of rentals and the potential for rental units in any area being considered for investment. The values and potential are based on location, the amount of housing units currently offered for rent, rental values, and the projected and existing rate of growth for an area. Low crime rates and high population indicate the best areas for investment.
Real estate professionals like Red Blue Realty can offer investors the information and knowledge necessary for investors to find the best investments for retirement. Information about neighborhood selections, pricing of rentals, financing, and the changing market are all must-have tools for analyzing a real estate investment’s potential So is information about what types of upgrades will improve long term value in any given neighborhood. Investors should also be well informed on the amount of capital necessary to qualify for a mortgage loan and make property improvements if necessary.
Whatever type of real estate property is selected by an investor, real estate is definitively one of the best investments for retirement available today.
Phone Number: 1-(855) 66-RBREALTY or 1-(855) 667-2732