The World Of Real Estate

Doctors work long hours and undertake risky medical procedures to earn high incomes. The Bureau of Labor Statistics states that the average annual income of doctors is $210,960. As a doctor, that puts you in a higher income bracket than most people, but since you also have to pay higher taxes, it will not put you in the comfortably rich ever after section. That is why you might want to consider making investments in different areas, out of which real estate investing for doctors is one of the safest ways to build your wealth.

Five Reasons to Start Investing in Real Estate

Here are five reasons why you might want to start investing in real estate:

1. Appreciation

The main benefit of real estate investing for doctors is that many properties tend to increase significantly in value or appreciate over time. If you have a rental property, you can raise its rent periodically by a small amount in a way that does not inconvenience the renters and can boost your annual rental income. Since the property value gets assessed by the rental income, its value will increase too. However, it can help to keep in mind that appreciation rates can differ for different markets.

2. Earn Passive Income

Earning a passive income is another important benefit of real estate investing for doctors. You can research the property market and get a fairly accurate idea of the rental rates you can charge every month and the outgoing expenses you are likely to incur. You can receive regular rental income from your real estate investments without any active involvement on your part. If necessary, you can even hire a property manager to handle your property or properties on your behalf.

The real estate rental income will be taxable, but the tax rate will generally be lower than the tax on your medical income. You can use the cash you receive from the rental income to make other investments. Additionally, the rental investment will serve as a tangible asset that you can pass down to your heirs.

3. Stable Investment

While real estate can depreciate and be affected by huge shifts in the market, it is generally a more stable investment than investing in stocks and bonds. Since it is not a liquid asset like stocks and bonds, its value is not likely to be influenced overnight by economic or political events. People are less likely to panic and sell off their properties, particularly since, however much the market fluctuates, they will still require a place in which to live.

Another important aspect of real estate investing for doctors is that you retain control over your real estate assets. It is different from investing in stocks, where you put your money in someone else’s business and have no control over it.

4. Tax Breaks

If you rent out your real estate investments, it means you are operating a business, and you, therefore, become eligible for various tax breaks. From your taxes, you can write off the property maintenance and upkeep expenses, the interest you pay on your mortgage payments, the insurance on the property, the marketing expenses for the property, and the property depreciation. So, you can decrease your tax liability and increase your profit margin.

However, you need to know that in case you sell your property, the profit you make on the investment is subject to capital gains tax. You can choose to defer capital gains by using a 1031 exchange and reinvesting the sales proceeds for a specific period.

5. Various investment options

As a real estate investor, you can choose to invest in residential, commercial, and industrial properties. Many long-term investors recommend that you invest first in a house that you intend to live in and after you finish paying off the mortgage, look towards making other investments. You can buy real estate properties for rent, resell, or development. You can also invest in property investment companies.

While real estate investing for doctors can be a lucrative and safe option, you must do diligent research before investing in any property. It is advisable too to seek the assistance of a reliable and experienced real estate agent and property lawyer.

The major challenge when you decide to sell your house is to find a home buyer who will make an offer on your house and close the sale by making a cash payment.

The traditional real estate agents, who have been helping homeowners with plans to sell house, follow a time-consuming and hectic process, when you approach them with your request, “sell my house.”  As these agents are not the actual buyers, they can only help you find a potential buyer.

The traditional real estate companies would require you to repair and renovate the house to make it attractive to the prospects which means spending time and money on cleaning and repairs etc. However, when homeowners need money quickly, or they have no time or energy to fix their house, they look for an alternative to help them sell their house ‘As Is’.

Sell your home to cash house buyers

Cash house buyers or professional real estate investors offer a quick solution to sell your home fast. They understand that as a homeowner strapped for time and money you need a fast method to sell your home and move on.

Working with the right cash house buyer is the key to ensuring the sale process is simple and fast. As there has been a demand for a better alternative to traditional real estate agents, many freelancers and companies have started offering cash house buying services advertising, “we buy houses As Is.”

However, freelancers working out of their basement or garage, who cannot afford a professional workplace, may not have the financial strength to make a competitive cash offer.

Professional house buyers need to have the financial ability to make a competitive offer on your house, and the technical and business knowledge to evaluate the value of the house as accurately as possible. You may want to visit the office of the home buyers you plan to work with, so you know more about them.

Hence, when you approach house buyer with your request, “buy my house,” you can sell your house in any condition or even when the house has legal, regulatory, and taxation issues.

When you need to sell a house fast, any hassle can impede the process. In such cases, you need buyers who require no repairs or complicated paperwork to complete the sale.

When you want to sell your house for urgent funds, you can’t wait for your real estate agent to line up potential buyers who may not be able even to finance the purchase. There is a way to sell houses fast and you can do so through companies, which buy houses for cash.

Reasons to Sell a House Fast

There are a number of reasons that can force a homeowner to sell a house on an urgent basis.

• You might be in need of urgent cash for any reason and you may want to sell your property to arrange for the same. For instance, you might want to sell a house fast in Orange Park or any other location because you need urgent funds due to a change in your financial situation (because of job loss, divorce, health problems etc.). If you are not able to pay your mortgage or if your property is facing foreclosure then selling your house fast may be your top priority.

• You might want to get rid of an inherited property that is costing you a great deal in upkeep money.

• Your house may have serious structural issues or perhaps requires massive repairs. Extensive home repairs can be very costly and you may not want to pay for the same.

• You may wish to downsize due to rising cost of living or your retirement. Perhaps you wish to sell your house fast and move to a senior retirement community.

• You may wish to sell a property fast in case of a sudden exciting job opportunity. Of course, you can lease your house but perhaps you don’t want the hassle of becoming a landlord or deal with tenants.

Tips to Sell your House in the Best Way Possible

When faced with any of the above circumstances or perhaps another reason to sell your house fast, you require buyers who have the capacity to buy houses instantly.

Consider these tips to make a fast sale without hassles.

• Contact companies that buy houses for sale in your area. For instance, if you need to sell a house fast then look for such companies with the best reputation for making quick and easy sales.

• Companies that buy houses for cash don’t require any listings. You can contact them and an executive from their company will arrive to check the property and make an offer on the spot. Some such companies can take a few days to make an offer while others can do so in less than an hour. You can even approach more than one such company that buy houses for cash to find the best offer for your property.

• You don’t need to get your house in top order before calling the companies that buy houses for cash. It will save you a lot of time when a quick sale is your priority. All you have to do is call the company you like to get the process started. Alternatively, you can fill out a form on the company’s website and a representative from the firm will call you.

• You don’t need to wait for weeks or days to take the process forward after the initial call. A company’s executive will explain you the buying process, which is very simple. At this stage, you can also ask them any queries you may have about the company or how they operate. Don’t hold back when asking questions. Any reputable company won’t shy away from responding to your queries to your satisfaction. Then after assessing your property, they will make you a suitable offer.

• Remember that you are under no obligation to accept any offers. You can review multiple offers from companies that buy houses for cash and then make an informed decision.

With the right company that buys houses for cash, you can make a quick sale and even get urgent cash.

A major part of American real estate market is now controlled by professional property investment groups who operate differently from property agents or traditional real estate groups. With their speedy recognition in the industry, real estate firm in California specializing as property investors has been sprouting like anything throughout the country. What makes them so appealing to new generation? Or, how working with investor firms is different from the traditional ways? Let’s have a look.

Five Key Reasons to Hire Real Estate Firm

Instant Selling

If you’ve ever sold a property via traditional market, you must be aware of its long-drawn-out process ranging from listing to advertising, arranging open house to reaching prospective buyers that almost takes nearly 6-12 months or even more. Most of the potential buyers that you shortlist is likely to meet the criteria of financial establishments which delay the procedure further keeping you waiting till it’s through, which is obviously not assured. Bank authority finances on properties subsequent detailed inspection of the property by experts and uniformly check the credit score of their client. If it’s fixer-upper, having a dispute like foreclosure or you need a faster closing, hiring real estate firm in California that is a cash buyer is the ideal choice for you. They invest in all kinds of property regardless of its condition and pay you fast cash that bring swiftness in the sales procedure.

Guaranteed Selling

Most importantly, the inability of your chosen buyer to secure bank finance often leads to a sales crash. On the contrary, the condition of your home or its related dispute can make its appraisal questionable to the banking authority to worth investing. Similarly, most traditional sales process move through an extended loop involving many parties, and any kind of split up in the chain can be a cause of your frustration. The prevailing uncertainties of traditional sales that make them risky letting buyers wait with their fingers crossed; none of them applies when you work with a real estate firm in California since they are cash home buyers. So once you find a professional investment group and both parties see eye to eye, the closing is almost guaranteed.

No Money Spending for Repairs

Selling to a common buyer selected through traditional market and professional cash buyers is completely different. Common home buyers expect you to go through needful repairing, remodeling, flooring, cleaning, painting which is not only expensive project but time-consuming too. If you’re not interested to pay for repairing in front of relocating, investing to other property, or avoiding foreclosure, selling to investors is always a tempting choice, given that they buy homes in ‘as-is’ condition. Thereby, real estate firm in California benefits you in terms of saving your time, money, as well as social esteem.

No Obligation to Pay Commission

Simply because property investors are no real estate agent, hiring real estate firm in California helps you save nearly 6 – 7 % commission on sales proceeds, which is a substantial expenditure. Well, through FSBO home sales, you can evenly avoid paying brokerage, but there you need to go after all other activities from repairing, painting, advertising in addition to paying listing broker commission around 3% on sale value. Once again, FSBO is not the right way for sellers facing foreclosure, unwilling to repairing and especially in hurry. Finally the model is highly challenging and needs expertise in market research, marketing, and customer dealing.

Maintain Privacy

There might be various reasons that buyers like to maintain privacy while selling their property. If your property is at the doorstep of a foreclosure, you might not be willing to unveil the issue in your neighboring. Equally, if you’re living in other state and intended to sell a vacate property, once its pictures come in the listing with pictures and details, it can cheer thievery. Selling via professional real estate firm in California helps you dispose of your property with absolute privacy.

Your house is the biggest asset of your lifetime. It is indeed an ultimate choice of investment for your savings. As a matter of fact, it is something that you won’t buy frequently. But due to the changes of life, you may have to vacate it. In such circumstances, it is a wise decision to sell this property instead of holding it back. Over the period, it will start decaying due to consistent negligence. So, it’s better to sell the home before it is too late.

If you have made your mind to sell your house in 7 days, the next thing that comes to mind is the process involved in selling it. This process entails finding an appropriate buyer, finalizing the deal, following the proceedings, and completing the sale. There are so many glitches involved at every stage. This may break you morally, financially, and physically. Here, you need the help of experts.

In this regard, cash home buyers can be the right choice for selling your property. They buy homes effortlessly without involving many formalities. Here are given seven reasons why you should sell a home to ‘we buy houses for cash’ companies.

Immediate Cash

Fast cash in hand is the biggest advantage of selling a home through these companies. There is no burden of clearing off duties or charges of house as all these things are factored in the final quotation of your house. Once you accept their offer, you just need to relax. The home buying company will take care of all the legalities and documentations. After signing the agreement, cash is directly paid.

No Repairs Required

A house, lacking curb appeal and contemporary architecture, may lose the attention of the buyers. The house owners spend thousands of dollars in renovating and repairing their homes. With home buyers, these expenses become absolutely zero. They buy a home in As Is condition. That means no repair work is needed. A cash house buyer has an expert team that can get any sort of repairs done at discounted prices.

Fast Closures

If you are contemplating to selling your home through real estate agents or Realtors, you must consider the massive time frame they take. If you are in a hurry to sell the house, this can be the most disastrous decision for you. They will drag the process of settlement to several weeks or months. Also, they will impose the burden of repairs and inspection of property repeatedly. This may be frustrating and stressful.

On the other hand, ‘we buy homes for cash’ companies can handle multiple projects at the same time. They have huge reserves of cash. Hence, they can complete the deals per the seller’s preferences. In some cases, they can close a deal in just 7 days as well.

Save Commission

Agents demand a heavy commission on selling your home. This can be as high as 6% costing you a lot. Despite paying such large amount, there is no surety of selling the house instantly. However, this scenario is reversed in the case of cash home buyers. They don’t demand any fee as they are actual buyers. They invest in property for the futuristic gains. You not only save heavy commissions but also get surety of completing the deal immediately.

Avoid Strangers Entering Your Home

Hosting multiple strangers daily for inspection of your home can be annoying at times. They push to see every corner of the house and pass comments that may not be pleasing. In the case of professional home buyers, they inspect a home only once and quote the offer right there or over the phone. After that, there is no pressure of demonstrating your house again. You can choose the closure date and there is no burden to vacate the home immediately.

Avoid Financial Difficulties

If you have huge financial liabilities, every passing day makes them a heavy burden. Whether it is a debt on the house or business liability, you can easily get rid of it and sell house As Is to ‘we buy houses for cash’ companies. They offer a competitive price on your home after analyzing its condition. You can opt for a fast procedure to get cash for clearing your debts immediately. This fast approval and cash disbursement can safeguard your credibility in the financial institutions.

No Harassment

Selling a home through agents can involve a lot of harassments including repairing, demonstration of the house repeatedly, and legalities for the closure of deal. Each document must be prepared by you in advance. Even after paying such heavy commissions, all these hassles are left for you. Going with the house buyers prevents any such harassment and you can enjoy the process of selling of your house.

These are the seven main reasons to sell your home to ‘we buy houses for cash’ companies.