An exceptional commercial real estate agent in Des Moines offers this bit of wisdom to his clients: invest here now. He continues with three valid reasons: attractive prices, tax advantages of operating a business and the city itself. After all, investment real estate is a great way to generate monthly income and build comfortable portfolios.
Attractive Prices
Not only are real estate prices lower, buyers have many properties to choose from. With office vacancies starting to decline and the industrial sector shrinking through conversion to other uses, demand will start to increase. This will drive up prices as inventory shrinks.
Business Tax Advantages
Holding investment property is a business. Because buildings wear out or become functionally obsolete, buildings and their components are depreciated over a predetermined number of years. This process gives investors lucrative tax advantages. Other expenses like maintenance, legal costs, property management fees and accounting are deductible from income. Travel costs are also expenses. Investors can live outside the city, county, state or even country and get this benefit. In fact, if the property owner lives far enough away, meals and overnight lodging are included in travel.
Des Moines, Iowa
This thriving city is the capital of the state and county seat of Polk County. According to the 2010 Census, Des Moines is the 88th largest city in the United States. Two Fortune 500 companies are headquartered here and it is a major center for insurance, financial services and publishing. Even more important, the city is fun to visit.
Smart investors pay attention to this advice from an experienced sales agent. Whether the investor lives here or somewhere else, this recommendation makes financial sense for long term projects. Now is the time to take advantage of low prices, larger inventories and tax benefits while enjoying all the profit and fun Des Moines has to offer.
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