Building Real Estate Wealth One Property At A Time
Building Wealth Through a Real Estate Plan
Starting an investment portfolio is an exciting way to building wealth for your family. It can also be confusing with many factors to consider to ensure your investment strategy meets you desired outcome. One of the first steps is to determine your long term investment objectives. Your will want to determine the level of risk you are willing to take to reach a desired return and enlist a team of professionals to guide you. Like other investment types, you must measure each asset’s performance taking tax implications into consideration. Once you have completed your due diligence, make your first investment and measure it’s performance.
Assess What You Need From Your Investment Properties
The first step toward making your first real estate investment is be clear on your long term objectives and desired outcome. Do you wish to build a large portfolio or manage just a few properties? Is your objective to pass wealth to your kids? Do you wish to invest only in a certain type of property, such as single family homes? Do you wish to invest in properties near your primary residence or further away. Deciding on your investment objectives forms the basis for your investment strategy.
Determine Your Risk Level
All Investments involve some level of risk. Real Estate assets can lose value, incur costly maintenance and repairs, involve troublesome tenants, and can be less liquid than other investments. There are many ways to invest in real estate. Understanding your tolerance for risk in association with the reward is a key factor in determine how you approach your investment portfolio.
“A Real Estate Planner is a licensed real estate agent who is certified and has the knowledge, training and experience to compassionately guide a real estate owner in ways to create generational wealth, minimize taxes and facilitate goals of the family.”
Seek Expert Guidance
Through a Real Estate plan we will help you to start your investment portfolio. You will also want to consider having a trusted Tax Advisor on your side as well as a Financial Advisor and Trust Attorney. By collaborating with your team of professionals, we can facilitate your investment objectives.
“A Real Estate Plan begins with a Simple Strategy Session to Discuss Your family’s Goals”
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Understand Portfolio Performance
Like any investment, Real Estate investments must be measured to ensure they are continuing to meet your objectives and to maximize the return on your overall portfolio. Measuring performance will enable you to make informed financial decisions as you grow your investment portfolio.
We employ tools to assess performance of your existing portfolio, look for alternative properties that may increase your returns, and employ strategies, such as a 1031 exchange, to maximize your investment dollars.
Consider Capital Gains Taxes Impacts
When you sell real estate, the sale may be subject to taxes based on the gain in value of the property. The gain in value is classified as a capital gain and the potential tax associated with that gain is referred to as a capital gains tax. Capital Gains taxes can be one of the largest obstacles to building generational wealth. Understanding Cost Basis is a critical component of minimizing capital gains taxes. Through a real estate plan we look to employ strategies to minimize or even eliminate capitals gains taxes, enabling families to pass more wealth to future generations.
Collaboration with Financial Advisors, CPAs and Trust Attorneys
We work with your team of trusted advisors to ensure the plan you decide on meets all aspects of your financial and real estate goals.
Make Your First Purchase
Once you have determined your investment goals, understood how to make sound financial decisions based on performance, considered Capital Gains impacts and have the right team of professionals on your side, make your first investment purchase. Often times we see new investors waiting until the “perfect” opportunity comes available. Sometimes the “perfect” opportunity never becomes available. We can help make that first purchase through a Real Estate Plan.
A Real Estate Plan begins with a simple Strategy Session to discuss your family’s goals.).
