Question:
LeAnn, Last year we bought 2 rental houses.
After some fix up work, each is now rented to tenants for about 1% of their market value
(I understand this is about the right rent amount.)
Our plan was to buy 1 or 2 rental houses per year. But
then I considered the $250,000 tax exemption available on the sale of a principal
residence. Would we be better off selling our current modest residence, and buying a very
nice residence on which we can eventually claim up to $500,000 tax free sales profits
without the hassles of any tenants? Carmen
Answer: There is nothing wrong with either
idea. As an advocate of rental house ownership, however, I especially like your idea of
buying a house or two every year for a long term investment. Keep your rental houses. They
should prove to be excellent long term investments.
Want to be informed of properties that could make
excellent investment choices as soon as these properties hit the market?
Simply call 452-1234 and request that I put you on my
list of real estate investors. Let me know if you want student housing closer to WSU or if
you prefer homes farther out (cater more to families, less to students). Also, how should
I inform you of what's available... via email or phone.
Call me today at 452-1234.
If I'm out of the office, please leave a
message, name, and phone number. You are important to me! I check
messages continuously and will return your call as soon as possible. Please feel free to
let me know when it is convenient to reach you.
Thank you... LeAnn
As a landlord and real estate investor myself,
I have the tools,
training, experience, and information that allows me to make your real estate investing
experience, a knowledgeable, complete, and pleasant transaction! |
