Real estate investing works in every type of market. The key is to know which type of investment is best for you and what area is primed for that type of investment. The Vicki Wong Team has been helping clients find the right investments for years. We are prepared to advise you no matter what your style or location.

There are many ways to make money in real estate. It is important to stay flexible and informed when choosing your investment. In this section, we’ll tell you about some popular ways of making money in real estate, but keep in mind that with creativity and knowledge, there are endless ways to build wealth with real estate.

• Short term
  • Flipping properties is an area where big money can be made relatively quickly. In markets on the rise, you may have to invest more going in, but profits normally come fast. In slower or declining markets, bargains abound, but you must be prepared to hold these properties a bit longer.

One key to short term investing: Study the trends of the market you are in, enlist the help of a knowledgeable REALTOR® to find your target area and to assess the true value of the property you are looking to buy.

• Long Term
  • There are profits to be had in long term investments, but just as the name implies, you go in for the long haul. Here you most likely will deal with a renter, so you’ll need to know the state and city statutes regarding landlords and tenants. Be sure to have a good advisor and equally good attorney. Long term investments can mean substantial profits if you keep the property and rent it and when you eventually sell.

  One key to long term investing: Negotiation. The only way to get a good deal – one that makes you the most money when you sell - is to have good negotiating skills at the start of the deal. Skillfully negotiating offers and counteroffers is imperative to getting the best price and can only be achieved with experience.

• Commercial
  

  • Making money in commercial real estate may sound daunting if you’ve never done it. But the essentials of the deal are the same as with any property. Our commercial real estate experts know the legal and financial ins-and-outs of such deals which include store fronts, office buildings, warehouses, etc. and typically involve tenants.

One key to commercial investing is the structure of your lease. Triple net leases provide that the tenant pay for all property taxes, insurance and maintenance costs. The landlord receives a set amount each month. Percentage leases allow the landlord to receive a set percentage of the tenant's gross income. These leases can also require a minimum rent, include a graduated percentage that decreases as the gross incomes increases, allow for inflation, and can even protect the landlord if the tenant terminates business operations.

• Tax Savvy
  

  • As hard as you work as a real estate investor, you’ll want to hang on to as much of your profits as possible. Luckily, and legally, there are numerous ways to make sure that happens. With the tax laws ever in flux, you’ll want a top-notch accountant and an experienced real estate attorney to advise you.

One key to tax savvy investing: One of the ways to save on taxes that is growing in use and popularity is the Tax-deferred Property Exchange. These work well for both the serious and the casual investor. The 1031 Tax-Deferred Exchange allows you to sell an investment property and buy a new property with the profit from the initial sale. You don’t pay taxes on the sale until you sell the new property. There are several requirements you need to adhere to when making an exchange. The Vicki Wong Team can not only help you find appropriate properties for your exchange, but we can recommend both financial and legal advisors to help you make sure all the necessary criteria are met.

The key to real estate investing as with any investment is not only to make smart, informed decisions based on your goals for making money, but to be aware of the legal and financial tools available to you as an investor. The Vicki Wong Team specializes in assisting people build wealth with real estate.

As competition in real estate investing increases our clients realize how valuable a partner like the Vicki Wong Team really is. With our market knowledge we are able to see where the hottest deals will develop and we’ll get you to the table first.

Anyone can make money in real estate; it’s true – but why spend years in “trial and error” investing, often losing money while learning the ropes. Call The Vicki Wong Team instead and start making money in real estate today.

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