WREST CONTROL OF YOUR FUTURE RETIREMENT!

BUYING A RENTAL PROPERTY in Philadelphia can be the BEST RETIREMENT VEHICLE imaginable! After your initial outlay into acquisition and repair, making good choices in tenants as well as responding appropriately will richly reward you. Minimizing turnover and maintenance are the main goals. Most working individuals should consider limiting to 10-12 units, before managing becomes cumbersome. Tenant rents should cover your mortgage. Over time the rents increase and the more units you own, the greater these properties generate supplemental income to your regular work paycheck. Tax breaks, like the IRS’s 27.5% depreciation for housing means your gross rental income is reduced by nearly 4% at tax time. Meanwhile your asset gains in value without being taxed as the mortgage balance goes down every month. Not too shabby. There are many things to consider when choosing what to buy. Will you want as little interference as possible in your normal life vs. being involved in making as much money as possible with your investment? For the latest legal details involved with Philadelphia real estate rentals, visit: https://www.phila.gov/services/permits-violations-licenses/rent-or-sell-property/rent-your-property/. Call me and I’ll help you secure the right real estate “vehicle”!