What Could You Stand to Gain by Owning Real Estate? Pt. 6

In today’s final installment on the benefits of owning real estate,
I’ll discuss the tax benefits associated with homeownership

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Today’s discussion is the final installment in our six-part series about the advantages of owning real estate. If you’d like to brush up on our previous videos, visit our blog to watch parts one through five.

On top of all the other benefits discussed, owning real estate affords you a range of tax-related benefits. Many people are concerned with how the new laws regarding tax benefits on the interest paid on one’s house will affect their investments, but those legal changes shouldn’t affect you in Reno.

The interest you pay is deductible on your taxes—for more thorough detail on how that works, consult your CPA. You'll receive a statement from your lender, after which, all you have to do is use that statement to write off your interest on your tax return.

Further still, everyone needs to live somewhere. As long as you’re making monthly payments to live somewhere, why not pay your own mortgage down, rather than a landlord’s?

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On top of all the other benefits discussed, owning real estate affords you a range of tax-related benefits.

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Ideally, you’ll live in a house for at least five to seven years, during which time you can pay a good portion of your loan down—or more, if you pay extra each month. If you look at your 30-year amortization schedule, you’ll be amazed at how much money you save in interest payments by making an extra payment every year during the life of your loan. Also during that time, your home will appreciate in value, leaving you with a big chunk of money.

There are more benefits to being a homeowner, and if you’d like more specifics or have any questions, reach out to us. We’d be happy to sit down and talk about how you can benefit from owning real estate. We hope to speak with you soon.

About Brian

Brian is a rare find in the world of real estate, blending business savvy, strong management experience and comprehensive training with fantastic people skills and a great sense of humor.

His greatest strength is his ability to focus solely on the needs of each client to offer superior representation to help them reach their goals. His commitment and caring for the people he serves allows him to look beyond the immediate, representing their best interests both now and in the future.

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Brian Lessinger
The Lessinger Team

10795 Double R Blvd.
Reno, NV 89521

775-327-9900
brian@thelessingerteam.com
www.thelessingerteam.com

Client Testimonials

Click to hear recent
testimonials from happy clients

Linda -“I sold my house in a very leisurely market where you just sell to anybody, no matter how many contingencies. Brian had to carefully explain to me that in the Reno hot market, at least at my price range, you simply could not do it. So of course he burst my bubble. I thought I was going to buy a house. No, I would have to wait. And I thought he did that very professionally. Also, feeling how I felt that he cared for me. Not only is Brian efficient and effective, but his whole team is utterly amazing. I’ve never been so cared for in any real estate decision.”

Emily -“This is the second transaction, or probably more actually, that I have used Brian’s services. We have known him for over 20 years and have used him in all of our residential real estate transactions over that time period and referred him to all of our family and friends because the Lessinger team is one of the most professional real estate organizations that we have encountered in our life. They know the business; they’re reasonable and detail oriented, and they have the skill set that makes a real estate transaction easy and productive and it gets done. I find that Bryan’s advice about pricing our home was excellent. He knows the market locally and has priced our house to sell. Our most recent transaction sold in four days because it was priced exactly where it should be and we got a full priced offer and the transaction went very smoothly.”

Steve -“I think we had a lot of issues with repairs we had to make. Since I was remote in Las Vegas and the home was for sale in Carson City they (The Lessinger Team) had to do quite a bit of running back and forth with the house to work with contractors and inspectors and stuff like that. We had some unpleasant surprises we had to deal with with the house and things that we didn’t know had to be fixed. They were my eyes and ears dealing with some of these people that we had to hire and deal with to take care of issues with the house, so in that regard, I think they really earned their money.”

Sharon K -“Well, they were phenomenally fabulous. So he’s not just your run of the mill Realtor that sells you a house or lists your home and then you never see them again. He’s ended up being a personal friend to all of us also, which makes it really, really nice that you know he’s got a personal stake in the whole thing with helping you out.”

Nancy -“We were very, very pleased with him and his office completely. Would recommend him to anyone and he’s a nice guy and works hard. And we said okay here’s what we want, don’t show us anything else, we’re very happy with him.”

Angela -“It almost makes me tear up even thinking about how much better we felt after speaking with him. It was still an ordeal but it was still wonderful to have somebody who had absolutely nothing to gain by it if anything lose time from it. And take the time out his schedule, and it’s a busy one, to help us in that way and be as open to helping was unforgettable.”

Marisa -“So now I wouldn’t even think of using anybody else, clearly. As a matter of fact, my husband and I are in the process of putting our current home for sale, probably in the early spring and purchasing another property. And we are working with Brian for that. Very happy also, about his entire team, by the way, he has a really strong team behind him.”

Tami -“The results were wonderful. It was fast, it was easy, he’s awesome. We had the potential owner’s father get very involved, who was not purchasing the home, so Brian stepped in and handled that. He explained that we were selling the home to the gentleman's daughter and not to him. He really handled it for us.”

Morgan -“Always good communication with Brian. He was always quick to help us with any needs as far as raising the price for our house or lowering the price for our house. He was always proactive and positive. He always stayed in contact with us because he helped find a house for us to buy in 2009 and then he helped us sell the same house in 2016, this year. We were trying to get into a rental a month ago and in order to get in the rental, there were other people trying to get in the same rental so I asked them to call the property manager and give us a good referral and they were really happy to do that. That was partly the reason we got into the rental we wanted to get into.”

Cynthia -“They did a lot of research for us and got everything lined up for us so that when we came into town we spent one day looking at 12-14 properties. Then that early evening we wrote an offer on a house so just having everything set up so that we could move quickly was really great. The people who bought our house in California were not able to extend the time that they needed to move in so one of the things that Brian and his team did negotiate for us to actually rent the house we were buying. So, we rented the house for about two weeks. They helped us navigate through getting the utilities set up and getting the internet turned on… Brian was here the whole time to make sure that all of it happened.”