leveraging after buying real estate myrtle beach

JP Real Estate Experts

(843) 839-9872

Leveraging Yourself After Buying Myrtle Beach Real Estate


(843) 839-9872

#1 Turn your Myrtle Beach Real Estate into rental income


(843) 839-9872

Many people purchase vacation property to have a great get-away all year around. Why not rent your property when it is not

in use?


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When purchasing your vacation home look for quality, income producing propertieswhich will increase your rental income.


(843) 839-9872

By renting out your vacation home you have someone else

paying for it! What a deal.


(843) 839-9872

#2 Leverage with a loan


(843) 839-9872

Even if you have the where-with-all to purchase your vacation home outright, this is nota good idea. Property values are on the rise.


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You can actually own a more

expensive property at a fraction of the initial investment

value.


(843) 839-9872

#3 Pay off the mortgage early


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If you have purchased the Myrtle Beach real estate with a loan, then you will want to use the rental income to pay offthe loan as quickly as possible.


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This will save you the interest on the loan and that savings will go directly to your bottom line. Even if this

is a vacation home, think of it in terms of rental property.


(843) 839-9872

#4 Tax incentive


(843) 839-9872

Since you are renting the property you can take advantage of tax deductions such as depreciation, expenses such as utilities and home owners dues, interest on the mortgage, taxes, etc.


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You will want to check with your accountant on the percentage of

deductions allowed if you are using the unit for personal use and rental income.


(843) 839-9872

#5 Start an income producing hobby


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By purchasing a few great rental properties over a period of time you are increasing your net worth and you will be surprised at the amount of income they can produce.


(843) 839-9872

Repeat the process, pay off the property and your part time job

becomes a great source of income for you and your family.


(843) 839-9872

Leveraging your portfolio with rental property takes knowledge and experience. JP Real Estate Experts have the experience to help you make wise decisions! Call us today.


(843) 839-9872

JP Real Estate Experts4717 Jenn Drive #100

Myrtle Beach, SC 29577(843) 839-9872

leveraging after buying real estate myrtle beach

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