Call your financial adviser and ask if you can invest a million in stock, but you would like to barrow 75% of it. Oh, and then write off the interest charges against your profit.
The advantages to investing in Real Estate are substantial. And in my opinion are far superior to stocks. To start with you are able to purchase Real Estate with only 10% down, sometimes less but I would not recommend doing that. Then there is the mortgage interest write off on your taxes. After that you have the depreciation on the property to write off. Any repairs on the property can also be claimed on your taxes. However, Real Estate can look easy, it is NOT. An old timer once told me; “a mistake in Real Estate can cost as much as a Harvard education”. It’s true. I have seen it happen to clients of mine. It looks easy and many have suffered losses because they didn’t do their homework or hire the right team. But if done correctly, Real Estate can provide unbelievable wealth and comfort over time.
Call today to talk about how you can get started in investing in Real Estate, or if you already have investments, let me double those investments for you. 617-965-3300, mike@nca1.net
