Five Types of Real Estate Investors - The Move-Up Investor
Did you know that there are five types of real estate investors? When talking about residential real estate, there are five types of real estate investors. This week, we will be taking a look at these five types of real estate investors and learning a little bit about each type.
Yesterday, I introduced you to the first type of real estate investor, The First-Time Investor. Today we are going to look at the second type of real estate investor, The Move-Up Investor. The move-up investor is someone who currently owns a home that can be rented for positive cash flow. Whether this person has equity in the home or can rent the home for more than the mortgage payment, this is one investment strategy to consider. This investment strategy is not for everyone.
The move-up investor will want to work with a real estate investment team to know the legal strategies and tax benefits of becoming this type of investor. It is extremely important for a move-up investor to have a plan. While I recommend that a move-up investor work with a Real Estate Investment Specialist to develop this plan, it is also wise to include an accountant and an attorney when considering becoming a move-up investor. This strategy is often over-looked but can be used to build long-term wealth over time while investing in real estate. If you would like more information on becoming a Move-Up Investor, contact me and we will discuss your plan today!
Previously - $ Five Types of Real Estate Investors - Type 1 - The First-Time Investor
Today - $$ Five Types of Real Estate Investors - Type 2 - The Move-Up Investor
Upcoming -$$$ Five Types of Real Estate Investors - Type 3 - The Portfolio Investor
$$$$ Five Types of Real Estate Investors - Type 4 - The Performance Investor
$$$$$ Five Types of Real Estate Investors - Type 5 - Rehab & Resell Investor