WHY YOU SHOULD INVEST IN REAL ESTATE
By: Richard Scarbrough, Realtor & Investor
First National Realty
(901) 753-3491
There are more good reasons to invest in real estate than ever before, especially in memphis, Tennessee. Here are a few:
Leverage is one of the most powerful forces in the universe, especially in the United States. Most other countries require a minimum down payment of at least twenty percent.
Cash Flow is not the most important, but gets the most conversation. For an example of a house that did not cash flow but was a great investment, is the house in Germantown, Tennessee with a negative cash flow of $500/mo but with a 10 year loan with a $1000/mo principle reduction rate. The huge payoff came in 5 to 10 years.
Fixed Rates for long terms are only found in the United States. Most countries have adjustable rate mortgage programs.
Inflation Hedge- This may be your only protection as our money changes.
Tax Break- Saved the best for LAST! The most important for everyone.
Here are six other (NON-Financial) reasons to own real estate:
- It is real! This is so obvious, that we miss it!
- It will always give you something to do.
- It can create a “Bonding Effect” with family and new friends.
- It may be the only way to teach your family about business, finance and people skills.
- The only investment where you have total & complete control.
- As an agent it will give you properties to advertise.
If you are ready to launch into real estate investments, give me a call at 901-753-3491. I have purchased over 500 properties in my career. Take advantage of my experience.