There are many issues to confront in any purchase or sale of real estate. And there are many benefits to be gained if you take the time to explore tax pitfalls and tax benefits that can cost or save you thousands of dollars.
The primary decision when buying real estate is finding a prime location. Since you’ve chosen SoCal, you’re already on the right track! After determining the location that suits your situation, making sure you don’t over pay is the next most important element. Of course, making sure that the structure is sound, well-built and safe from natural disaster is also extremely important.
Once you’re found the property, financing and tax considerations will assure you of a lasting investment worthy of holding for the long term.
These simple steps will give you an investment that will increase your happiness and wealth-- whether it be a new home or an investment rental.