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Myrtle Beach Condo Sales - Leverage after investing

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Published on Jan 7, 2013

Myrtle Beach Condo Sales - http://mbcondoexpert.com
Check out this amazing Myrtle Beach Condo Sales video it is by far the best Myrtle Beach Condo Sales video I have seen.

Myrtle Beach Condo Sales
JP Real Estate Experts
Myrtle Beach, SC 29577
843-839-9870

Leveraging Yourself After Buying Myrtle Beach Real Estate

#1 Turn your Myrtle Beach Real Estate into rental income

Many people purchase vacation property to have a great get-away all year around. Why not rent your property when it is not in use?

When purchasing your vacation home look for quality, income producing properties which will increase your rental income.

By renting out your vacation home you have someone else paying for it! What a deal.

#2 Leverage with a loan

Even if you have the where-with-all to purchase your vacation home outright, this is not a good idea. Property values are on the rise.

You can actually own a more expensive property at a fraction of the initial investment value.

#3 Pay off the mortgage early

This will save you the interest on the loan and that savings will go directly to your bottom line. Even if this is a vacation home, think of it in terms of rental property.

#4 Tax incentive

Since you are renting the property you can take advantage of tax deductions such as depreciation, expenses such as utilities and home owners dues, interest on the mortgage, taxes, etc.

You will want to check with your accountant on the percentage of deductions allowed if you are using the unit for personal use and rental income.

#5 Start an income producing hobby

By purchasing a few great rental properties over a period of time you are increasing your net worth and you will be surprised at the amount of income they can produce.

Repeat the process, pay off the property and your part time job becomes a great source of income for you and your family.

Leveraging your portfolio with rental property takes knowledge and experience. JP Real Estate Experts have the experience to help you make wise decisions! Call us today.

Myrtle Beach Condo Sales
JP Real Estate Experts
Myrtle Beach, SC 29577
843-839-9870

Opening 00:03
#1 Myrtle Beach Condo Sales - rental income 00:09
#2 Myrtle Beach Condo Sales - Leverage with a loan 00:24
#3 Myrtle Beach Condo Sales - Pay off the mortgage early 00:38
#4 Myrtle Beach Condo Sales - Tax incentive 00:51
#5 Myrtle Beach Condo Sales - Start an income producing hobby 01:02
Contact Information 01:18

Topic: Myrtle Beach Condo Sales

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