1. Cash Flowfor Retirement – supplement your retirement years with income from your rentalproperties.
2. TaxAdvantages – taxes on rental income offset with expenses such as depreciation,repairs, management fees, mileage, and insurance
What should you do to takeadvantage of real estate investing?
1. If new tothe business, find a trusted (free) mentor that you can shadow to learn how toevaluate properties for cash flow.
2. Don’tover improve a rental property – keep it simple but safe for your tenant’s.
3. Use a CPAthat is familiar with real estate investing and can discuss options forcreating a business entity for liability protection.