Real Estate Planning
The Real Estate Connection
While real estate can play an incredible part in an overall financial plan, there are a number of very important issues to consider. Do you have what it takes to be a landlord or real estate investor? Or, should you pool your money together with other investors using a Real Estate Investment Trust (REIT) to participate in the potential benefits of owning real estate while letting someone else manage the headaches? Does real estate fit you at all? It’s been said that the success formula for real estate is “Location, Location, Location.” The reality of it is, that your success with real estate is first determined by whether or not the “Location, Location, Location” for your investment dollars is in fact even in real estate at all! You should not be investing in real estate if your risk tolerance and liquidity levels don’t support your participation in that arena. Like any other investment, you can rest assured that you stand a high potential of having a bad experience if it is not first and foremost suitable to you. Investing in REITs can be speculative, lack liquidity, and involve substantial fees. Investment risks associated with REITs include market risks, credit risks, and default risks and this may not be suitable for all investors.
Your FinBal Qualified FSP can help you review your entire financial arena and assess if real estate investing is suitable for you and what approach can help you meet your goals and objectives. Pick up the phone and take advantage of the one hour, no-cost consultation and let Financial Balancing work for you!
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