Demystifying Real Estate Investing

Overcoming the misconceptions that keep you from investing in real estate. 

Most people who are investing in real estate are being stopped by doubt and fear. They may want to invest in real estate, but each time they consider taking action, they come up with an obstacle or a core belief that keeps them from moving toward their dreams

According to The Millionaire, Real Estate Investor by self-made millionaire and real estate investor Gary Keller, most successful real estate investors have had to overcome certain beliefs that later proved to be unfounded. Some of these beliefs center around the way they view themselves as investors, and the others are focused on beliefs about investing. By addressing these doubts and fears, and recognizing that they’re unfounded, you’ll eliminate the major barriers to becoming a real estate investor

Personal Myth #1: I don’t need to be an investor. My job will take care of my personal wealth.

Truth: History indicates that few jobs pay enough to create true financial independence. Financial wealth building depends on another vehicle.

Personal Myth #2: I don’t need or want to be financially wealthy. I’m happy with what I have.

Truth: Financial wealth offers greater opportunity to care for yourself and others, and that is something most everyone wants and needs.

Personal Myth #3: I can’t do it.
Truth: You don’t know what you can or cannot do until you actually try.

Investing Myth #1: Investing is complicated.

Truth: Investing is as complicated as you make it.

Investing Myth #2: All the best investments require knowledge most people don’t have.

Truth: Your best investments will always be in areas that you can or already do understand.

Investing Myth #3: Investing is risky. I’ll lose my money. Truth: Investing and gambling are not the same things. Investing, by definition, is not risky.

Investing Myth #4: Successful investors can time the market.Truth: Timing isn’t about being in the right place at the right time. It’s about being in the right place all of the time.

Investing Myth #5: All the good investments are taken.Truth: Plain and simple, every market, in every time, has its share of good investments.

There’s nothing more powerful for keeping you out of action than fear and doubt. By seeking the truth, rather than relying on unfounded beliefs that lead to fear and doubt, you can overcome your greatest obstacle and get closer to achieving your dreams.
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Considered one of the best ways to preserve wealth, the 1031 exchange, or Like Kind Exchange, generally allows a homeowner or real estate investor to sell one property and defer all capital gains taxes if the proceeds of the sale are reinvested in an asset of like kind, generally in more real estate.1031 exchanges are specifically structured transactions that join together the sale of an old property and the purchase of a new property for the purpose of deferring taxes.

Exchanges are primarily used for buying and selling investment real estate, but they can also be used for personal property that is used in a business. Examples of qualifying property include bare land, rental property, commercial buildings and homes other than your primary residence.

Prudent use of the 1031 exchange can shield all the capital gains on your properties until you reach retirement. Other tax strategies can preserve the gain thereafter. This makes real estate one of the best investments available, provided you do your homework.

The replacement property must be of the same like and kind. This means that if you are selling an investment property you must replace it with another investment property, and not a purchase a new primary residence. Before selling and purchasing any property, be sure to speak with a CPA or accountant to ensure proper compliance with the 1031 exchange regulation.

1031 exchanges can be done for situations where the next purchase is for an equal or larger amount than the selling price. This doesn’t mean that your next purchase has to be one property for a larger amount but could be several properties that are for a larger amount. Your escrow officer is best able to explain all these ins and outs.

If you are an investor and need help or advice on obtaining financing for the purchase or refinance of an investment property, please feel free to give me a call at 302-703-0727, or you can APPLY ONLINE HERE.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713

The seminar will show you how to set up a plan for investing and how to get your self financially ready to invest, how to gather a power team around you, give you an action plan to buy your first rental property, how to do investing as a business, and how to analyze a property to determine if a good investment.

Everybody is welcome but must register in advance because space is limited. Each participant will receive a Free Audio CD on Real Estate Investing. Please call 302-368-7132 Ext.12 and ask for John Thomas to register.

If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713