Are you planning on owning an investment property, such as an Airbnb or rental home
to build wealth? Read on…
It is no mystery to any savvy investor today that real estate is a foundational necessity
for building and securing wealth.
As the steel magnate Andrew Carnegie said: “Ninety percent of all millionaires become
so through owning real estate”.
The real estate investment world today can be tough to navigate, deals tough to find,
challenging to fund, and easy to discard as an opportunity to be evaluated when “times
are better”. Many people write this notion off as a possibility, however, for those who
look, opportunities abound.
Business Mortgage Loans
A business mortgage loan can be used for financing the purchase of commercial real
estate, as well as residential property.
Properties refinanced or purchased by a business could receive better interest rates
and receive property tax, depreciation, and maintenance write-offs much higher than
anything under a personal purchase.
Contact Omni Resources to learn more about what loan options are available to you.
Benefits to a Business Mortgage Loan
Makes it easier to overcome the fear of taking on higher interest rate loans based on your needed and necessary business tax advantages
It allows you to use the money you are saving on taxes to reinvest into another income producing property
Makes it simple for you to pass wealth down to loved ones without worry that the state will take it – Contact us today to learn how to do this through a revocable living trust
Makes it a breeze to shelter your assets from the unknown and offers greater privacy
The Nature of Write-offs
Now that you know some of the advantages of a business mortgage loan, you should
be ready to move forward.
Keep in mind, you can buy as many properties as you want because your Debt-To-
Income Ratio is not affected. As you would be with a conventional (personal) style
Find out more about the right loan for you.
Property owners or soon-to-be real estate investors should consult with Omni
Resources before creating holding entities for your real estate investments and
exploring business mortgage loan options.
As you have gathered with reading this newsletter, this is a necessary step to take with
your business. You must refinance and purchase all properties into your business. If
not, you are not taking advantage of this process. Your tax deductions will be gravely
affected by not doing so.
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with
common sense, paid for in full, and managed with reasonable care, it is about the safest
investment in the world.”
Franklin D. Roosevelt, 32nd President of the United States
Chat with us to find out how Omni Resources can work with you so you can stay
organized and grow your business more quickly.
Office (888) 882-8483
Editor’s note: Nothing in this blog post should be construed as advice of any kind. Any legal, financial or tax-related content is provided for informational purposes only and is not a substitute for obtaining advice from a qualified legal or accounting professional.