Is your retirement in place, or would you like to retire sooner than you originally planned? Learn how to start accumulating wealth through Texas Real Estate Investing. We have built a reputation for client satisfaction, and we are devoted to making your investment experience as rewarding and easy as possible.
A Texas Real Estate Investment property, given the favorable demographic trends, is a powerful, long-term investment that can significantly increase your ability to profit from today's Texas real estate boom. With the price of Texas homes seriously undervalued compared to the rest of the nation, there is almost no other market that can provide the growth potential like Texas. Many of our best performing properties are in the $130,000- $160,000 price range and some are as low as $99,000! It's all about Brand New Homes!
Our focus is BRAND NEW investment properties. One of our primary obligations to you is to help reduce risks. Brand new properties are covered under builder's warranty, rent easier, rent higher, appreciate faster, and resale quicker! There are many other advantages to investing in brand new properties that we will cover with you personally by phone.
Whether it is a single family home, condo, town house, or luxury high-rise unit, there are certain tax advantages that may benefit you well beyond cash flow and appreciation. Certainly, if this if your first real estate investment aside from your primary residence, then your investment can be classified as a second home. This allows numerous tax benefits, a better interest rate, and tax deductible travel or free vacations.
With the rapidly expanding Texas economy, property values are moving up as land becomes more limited. With interest rates still historically low, we feel the time to buy is NOW to get a strong appreciation rate for the next 5-10 years. A brand new single family home, duplex or condo is the first step in securing the appreciation that is sure to come. Typical appreciation rates for BRAND NEW homes purchased correctly are 10-15% in key areas of Texas. Some areas can get as much as 25% appreciation or even more. Remember appreciation can vary depending on many factors.
Buying Long-Distance:
Prior to the age of modern Internet and email, one would have never thought about making a home purchase sight unseen. We buy hundreds of homes for investors nationwide via the Internet. Communications through email, fax, website and correspondence with our staff and the builder's representatives make long distance transactions reliable and easy.
We pride ourselves on communication and prompt follow-up. We provide you complete information packets via email or hard copy if you prefer. These email packets will include floor plans, elevations, pictures, price sheets, options, financing, applications, contracts, and much more. Many of our investors prefer to buy long distance because it removes the emotions from the decision making process allowing it to be a clear business decision. Closing can occur at your residence or business or even scheduled with a local Title Company in your home state!
We always welcome our investors to come visit Texas! In fact, we are confident that if you decide to come to Texas you will certainly buy! While you are here, we will treat you to a Texas-size steak or barbecue at one of our many down-home Texas eateries.
Tax Deferred 1031 Exchange:
Under normal circumstances, when you sell a property you have to pay tax on the gain. Gain is caused by taking depreciation deductions for tax purposes or by the property appreciating in value during its ownership.
A Section 1031 tax deferred exchange, named for the Internal Revenue Code Section it refers to, allows an exception to the capital gains tax. When you sell your business or investment real estate, replace it with a different business or investment real estate, and complete an exchange, you can defer payment of the capital gains tax normally required on such sales.
If your plans include using the money from property to buy more of the same, a 1031 Exchange provides greater proceeds for your next investment, more than you could gain through the re-investment of after-tax proceeds. A 1031 Exchange is not a tax loophole, it is a section of the Internal Revenue Code that allows anyone who meets all the requirements to sell their property and defer paying taxes on the gain.
Basic 1031 Exchange Rules:
All relinquished (old) and replacement (new) property must be vacant land, rental property, or property used for trade, business, or investment. If the properties meet the following requirements, you may exchange any real estate for any other type of real estate. You cannot have actual or constructive control of any of the proceeds received from the sale of the old property. By law, all money is held by a qualified intermediary (also referred to as an accommodator or facilitator). You cannot have an associate or employee, your attorney, broker or CPA hold the proceeds, nor can you leave the proceeds in escrow until the second property is purchased.
You have 45 days from the date of closing on the old property to identify a list of properties from which you will purchase the new property. From the date of closing, you have 180 days to close on one or more of the properties from your 45-day list. The titleholder on the old property must be the same titleholder on the new property.
You must reinvest all cash proceeds from the sale, and purchase a new property or properties of equal or greater value, in order to avoid taxation greater value, in order to avoid taxation on the gains. Our 1031 Exchange affiliates will expertly guide you through the 1031 tax-deferred exchange process. We can help you get started today! CLICK HERE |