Prestige Professional Management
Your Consumer Resource Specialist
Fact: 90% of the world's millionaires made their wealth with Real Estate.
Real estate has been a very lucrative investment for many people. In fact, 90% of our country's wealthiest people has made their wealth from real estate. In addition, it is never too early or too late to begin to put together a plan to build wealth using real estate.
There are challenges, however, in spite of what the "online guru's" are saying about real estate being so easy to purchase even without using any of your own money. The primary challenge is that it takes planning to get started.
Real estate has an excellent income and wealth producing potential, as the appreciation or profit from the property compounds tax deferred during the years that you own it. This means that you will not pay taxes on this profit until you sell it, and even then you can roll over the gain or profit into another investment property and avoid paying the taxes. You can also claim an expense called depreciation, which enables you to reduce your current income tax bill and simultaneously increase your cash flow from your properties.
Another great feature of real estate is something called LEVERAGE. With leverage, you can borrow or finance 70 - 90% of the value of the property to be used to start a business, pay off debts, for purchasing more property or for anything that your heart may desire.
