Investor Information
Learn about investment opportunities in Contra
Costa County
Investing in real estate can be risky and requires careful forethought, expert counsel and knowledge of the marketplace. While no one can guarantee any certain return on your investment, real estate has consistently ranked as one of the TOP investment vehicles. Do your homework - research, and research some more.
Think location, this real estate buzz word is never more
important than it is in purchasing a property purely for investment. A
great location will assure better rental opportunities, and will undoubtedly
help in future resale. Consider cash flow. Depending on your down payment,
loan amount and other factors, it may be difficult to cash flow from a
property in its first few years. In fact, on some properties in our area,
you may never cash flow - but consider our appreciation and see your tax
accountant or attorney about depreciation and other tax advantages or
implications for your situation. Think about what you need in your situation
- cash flow - equity growth or is it some other kind of tax shelter? Be
certain you know the capital gains rules. Know how long you must hold
a property before selling. Know how long you must live in a property before
you can sell it as your primary residence. Think about your portfolio,
your goals and future expectations. Contact
Catherine with your questions on investing in residential real estate.
Know about 1031 tax deferred exchanges (starker exchange).
Grow your real estate wealth and defer your capital gains taxes. BUT,
be sure to enlist an experienced professional to help you coordinate
a
qualified exchange. There are very important deadlines and time limits
to adhere to - the IRS does not mess around, and does not give grace
periods.
You must fully understand property identification guidelines, what qualifies
as a like-kind exchange and how to execute an exchange to avoid a costly
mistake. Catherine Myers is experienced in 1031 exchanges and can guide
you through the process and ensure you execute a proper exchange within
the guidelines of the IRS rules.
Have you thought of investing out of state? Out of California? Ask Catherine through her relocation page for a referral to a qualified Realtor in any area you may be interested in. Some of the hot spots now are Texas, Florida, Tennessee, the Carolinas, Idaho, Arizona and Nevada. Want information about another area - just ask!
Additional Real Estate Investing Resources:
- Why
Exchange Real Property
- Investment Property Exchange Services - Serving the Bay Area
- Calculate Capital Gains Calculator
- Field Guide to Investing in Real Estate
- Field Guide to 1031 Exchanges
- Tips for Real Estate Investors
- Six Easy Steps to a 1031 Exchange
- Key Steps Before You Invest Out of State
- Bob Bruss Real Estate Center
Contra Costa Economic Profiles:
Stats including housing county affordability, median prices, unemployment, demographics, unsold inventory, vacancy rates, population growth and homeownership rates:
