Before I became a Realtor I assumed most agents owned more than one peice of property. I figured they would know all the good deals. Well, to my surprise not that many really do. Why is this? Real Estate investment is always a smart move. It is can be sold, leased, and easy to improve. When Uncle Sam comes looking for his money in the spring you can take a loss, depreciation (on income property), and write off for expenses, not to mention all that interest is deductable.
I personally invest in property. Especially right now while the prices are dropping. It is called buying low and selling high. My main purpose is to acquire several rentals for additional income to create cash flow. With 1031 I will be able to make my real estate holdings stronger and more profitable. So, why aren't more agents doing the same.
How can we expect our customers to listen to us when we tell them now is the time to buy if we are not buying ourselves. I know many investors who will not buy from an agent unless they themselves invest in properties. Learning the power of leverage and a good mortgage broker can be very beneficial. My mortgage broker owns many properties and he helps to guide me through each transaction to get the best results. If he didn't do it himself he would be hesitant to work with me. Instead of seeing a risk he knows the potential each property offers in the way of leverage for future deals.
So what I would say to anyone who is on the fence about buying extra real estate of their own: Go for it!!
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