Elevate Realty

Raising the Standard in the Luxury Rental Market

  • Home
  • Contact
  • About
  • Privacy Policy
  • Sitemap
You are here: Home / Archives for Landlords

The Weed Business Is Real Estate Business

April 24, 2016 By Dan Leave a Comment

Weed is a real estate business

“With so many obstacles and regulations in the weed business, owning your real estate is the only thing we can control in this industry,” Sally Vander Veer, CFO of Denver-based pot shop Medicine Man, tells Inc. “It's essential to long-term success.” That’s because, if you don’t own your own grow-house, it's typical for landlords to up the rent significantly after marijuana-growers invest huge sums of money converting the space. And the local real estate business is booming for buildings perfect for growing weed (aka zoned as light industrial). Vander Veer and her brothers bought just such a building in 2014 for $2.5M, and they recently sold it for $6M. Among all the uncertainty in the pot business, weed entrepreneurs can only make one safe bet: buy real estate….read more

Source: The Marijuana Business Is Actually The Real Estate Business – Retail

Filed Under: Real Estate News Tagged With: grow house, Landlords, Marijuana, Real Estate, real estate business, weed

Rental Property Income Finance Retirement

February 26, 2016 By Dan Leave a Comment

rental property income

According to Robert Berger of U.S. News and World Report, rental properties can provide a meaningful source of consistent income as part of your retirement planning and portfolio. He claims, “Buying a property or two could provide enough income to allow you to retire sooner.” However, you’ll need to ensure your investment properties will provide steady, positive cash flow throughout your retired life. You don’t want a rental property to become a drain on your retirement resources! Here are some things to consider before diversifying your retirement portfolio with investment properties:

Explore your Financing Options. In a post-financial crisis world, those with good credit and a steady work history can purchase rental properties through a variety of finance vehicles. One should consider the use of a portfolio lender (like Colony American Finance). These lenders have greater flexibility and can act outside the terms imposed by Fannie Mae or Freddie Mac. That being said, lending requirements are understandably stricter than they have been in the past. Lenders are now requiring increased down payments (25% or more) and more stringent credit and liquidity profiles.

Get Familiar with the Tax Implications. Rental properties offer some valuable tax benefits. To name a few, you can claim depreciation on rental properties (but not the land), reducing your tax burden year by year. Depreciation, along with the interest expense on a mortgage, may enable you to minimize taxes for some time. Keep in mind, however, that you’ll have to deal with depreciation recapture down the road If and when you sell the rental. In many cases, rental properties operate at a tax loss. One of the hidden benefits of being a landlord is that these “losses” can be deducted on your tax returns (up to $25,000 a year). There are some requirements that must be met, so be sure you understand the rules. The tax implications of owning rental properties can be beneficial, but are also complex. Seek out the help and advice of a tax professional before you delve into the world of residential rental investments...read more

Source: Rental Property Income Finance Retirement via @ProLandlord

Filed Under: Real Estate News Tagged With: Landlords, Property, property management, rental, Rental Property, tenant

ABOUT ME

Daniel Terry is a licensed Broker and Investor with Jae Evans Real Estate in Bellevue, Washington. Daniel has over 18 years of experience in the real estate industry, including home purchases and sales, property leasing, and various real estate investment strategies such as flipping and wholesaling. Read More…

PAGES

  • National Housing Market Data
  • Privacy Policy
  • Sitemap
  • About
  • Mortgage
  • Contact

CATEGORIES

  • Real Estate News (46)

RECENT POSTS

  • Short-Term Rental Property Tips
  • Another Housing Market Crash 2022
  • Website Page Speed Matters A lot
  • Down Payment Assistance
  • Home
  • Privacy Policy
  • About
  • Contact

© 2008–2023 | Real Estate With Dan | Lifestyle Upgrades using Income Producing Assets