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NC ADVER TORIAL | REAL ES TATE

Don’t Let Fear Prevent You From Investing in Real Estate

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By Vince Parrucci Licensed Real Estate Agent/Realtor and Professional Real Estate Consultant

t this time of year when people are gathering their tax documents, many take stock of their financial situation. One thing I have learned is you can always make more money, but once time passes, you can’t get it back. There is no way to ever create more time. For me, investing in real estate—particularly rental properties—has been a way for me to create more income and still have time to spend with my family. Many people fear investing in rental properties because they think there will be a lot of hassle involved. But that should not be the case. For example, if you buy an investment

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duplex for $100,000 and make $200-$400 a month in income from it each month, you won’t get rich quick, but you will have a nice steady stream of income—not to mention the tax benefits you receive. You are also building equity when your tenant pays rent, which in turn is applied to the mortgage balance. Fifteen years from now, you will have had someone paying your mortgage on the rental property plus providing you with a monthly income, and most likely, the property will have appreciated in value to let’s say $200,000. Now, imagine if you had only two rental properties, you would have nearly a half million in assets. How many extra hours, years or jobs would you have had to work to acquire that sum. Now, imagine if you gradually acquired five or 10 rental properties what your financial state would be like. If investing in real estate is so wise, why don’t more people do it? Fear. People fear what they don’t know or understand. They also fear that “proverbial call from tenants in the middle of the night.” Frankly, calls from tenants have been few and far between all the years I’ve been investing in real estate. And if you are concerned about maintenance issues, develop a relationship with a contractor. You are an investor looking to make money, not looking for a part-

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Considering a move? Whether it is buying or selling, have an expert work for you. Contact Vince Parrucci, Licensed Real Estate Agent, Realtor and Professional Real Estate Consultant, at Vincent.parrucci@ pittsburghmoves.com, call (724) 612-3770 or visit: www.smartbuystrongsale.com. In addition to being a Licensed Real Estate Agent/Realtor and Professional Real Estate Consultant, Vice Parrucci is author of Smart Buy, Strong Sale: The Consumer’s Guide to Buying and Selling Your Next Home is available through Amazon.com. His extensive experience includes VP of Mellon Bank, VP of Allegheny Financial Group, Real Estate investor, mentor and coach to thousands on investment real estate and flipping of houses and property. 4 4 4

VINCE PARRUCCI

Residential/Commercial Realtor vincent.parrucci@pittsburghmoves.com

Real Estate Services

724-776-2900 Ext. 259 Office 724-776-2930 Fax 724-612-3770 Cell 20510 Route 19, Suite 100 Cranberry Township, PA 16066

412-487-1009

4767 William Flynn Highway Allison Park, PA 15101-2456

time job as a maintenance man anyway. Financial planners recommend that you diversify your portfolio among stocks, bonds, etc., including real estate. You may say you have a house, but while I recommend everyone own their own home, a home is actually a liability because it does not generate any income until you sell it. Your primary residence is not an incomeproducing asset. If you are interested in investing in real estate, contact me. I can put my years of experience and expertise to work for you.

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FEBRUARY 2018 | www.northernconnectionmag.com

www.smartbuystrongsale.com

February 2018 issue - Northern Connection Magazine  

Welcome to our February 2018 issue! Passavant Hospital Foundation is featured on our cover and cover story. Make sure to read more about th...

February 2018 issue - Northern Connection Magazine  

Welcome to our February 2018 issue! Passavant Hospital Foundation is featured on our cover and cover story. Make sure to read more about th...