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Investing in Real Estate Properties With the Help of a Professional Broker

Looking for properties to buy does not always have to mean you’re interested in moving. You may just want to invest in properties, maybe to have them leased out or to simply add them to your portfolio.

Whatever your motivations may be for investing in real estate in Frisco, you’ll get better results if you seek the help of a professional real estate agent. Here are some reasons you might want to consider putting your money in real estate.

Earning without Doing Anything

Most people who seek to invest in property are most likely considering using it for additional income. Leasing out the property (or units if the property involves a commercial building) to tenants is a sure way of generating monthly income separate from what the owner may earn from a day job.

Reasons You Should Consider Investing in Real Estate Properties

The property needs to be properly managed, but there are companies who can do that for you. With professional handling, your property could fulfill its potential as a lucrative source of passive income.

Enjoy Tax Benefits

You can actually enjoy tax benefits by investing in real estate. The government rewards landlords by offering lower tax rates for rental income compared to income from other sources.

Among the deductions you can claim if you’re a landlord include depreciation of the property’s value, costs for repairs and maintenance, mortgage interest payments, hired employees or contractors for the service, maintenance of the property, and more. Landlords of small properties can enjoy as much as $25,000 in deductions for rental expenses. If you have a vacation home you don’t often use, you can also rent that out tax-free.

There are strict regulations and guidelines which must be followed if you want to avail of these tax breaks. For one, you cannot rent out your property to family or friends. This automatically disqualifies you from receiving any of the tax deductions by virtue of the relationship you have with your tenant.

Appreciating Assets

Land values continue to appreciate over time, especially in areas near development projects such as access road networks or shopping and business centers. As land is a finite resource, population growth will help drive up prices.

While land values generally continue appreciating, any structure erected on it needs to be properly maintained. Seek the help of real estate agencies such as Nu Home Source Realty, LLC to find ideal properties to invest in, as well as for professional property management services. Call us today at 866-761-5217 and let us help you with your next Frisco TX home. 

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