There are more good reasons to invest in real estate than ever before, especially in memphis, Tennessee. Here are a few:
Leverage is one of the most powerful forces in the universe, especially in the United States. Most other countries require a minimum down payment of at least twenty percent.
Cash Flow is not the most important, but gets the most conversation. For an example of a house that did not cash flow but was a great investment, is the house in Germantown, Tennessee with a negative cash flow of $500/mo but with a 10 year loan with a $1000/mo principle reduction rate. The huge payoff came in 5 to 10 years.
Fixed Rates for long terms are only found in the United States. Most countries have adjustable rate mortgage programs.
Inflation Hedge- This may be your only protection as our money changes.
Tax Break- Saved the best for LAST! The most important for everyone.
Here are six other (NON-Financial) reasons to own real estate:
1. It is real! This is so obvious, that we miss it!
2. It will always give you something to do.
3. It can create a “Bonding Effect” with family and new friends.
4. It may be the only way to teach your family about business, finance and people skills.
5. The only investment where you have total & complete control.
6. As an agent it will give you properties to advertise.
If you are ready to launch into real estate investments, give me a call at 901-753-3491. I have purchased over 500 properties in my career. Take advantage of my experience.
By: Richard Scarbrough, Realtor & Investor
First National Realty
(901) 753-3491