Monday, January 4, 2010

Investing in Albuquerque Real Estate

Why real estate? Well I like it because:

I can buy it leveraged. Instead of paying dollar for dollar as with stock, I can usually purchase a rental home in Albuquerque with 30 % or down, or less - depending on the financing.

Real estate in Albuquerque typically appreciates, while also providing excellent tax advantages for me. Currently, I can deduct interest, property taxes, and improvements.

When I decide to dispose of the real estate I may postpone the taxes owed by exchanging. If I must sell the property outright I may be able to spread the tax liability out over a period of time depending on the terms of sale.

I know what you're thinking - the real estate market is down!

I don't purchase real property for the short term, I buy it for the long haul.

I am confident that just as the value of real property has decreased over the last several years, the value of homes and condos in Albuquerque will increase once again.

So today I am looking to acquire additional property. It just fits my investment strategy, along with stocks and mutual funds. And there are some bargains out there!

Visit our website and browse through the Albuquerque MLS.

Let us help you get started on your road to real estate investing.

Posted by Dennis Fish, The Albuquerque Real Estate Group

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