Why You Should Buy Investment Properties Now

Why You Should Buy Investment Properties Now

Why You Should Buy Investment Properties Now

Stonebridge Mortgage Group Helps With All Your Mortgage Related Services

If you live in the Portland, OR area and are looking for help with buying a home or investment property, Stonebridge Mortgage is here for you. Portland locals in need of who are looking to be preapproved for a home, who are in need of a mortgage broker’s services, or who are looking for a loan officer will find the high-quality services they need with Stonebridge Mortgage Group.

Whether you’re looking to by a Portland home or thinking of purchasing an investment property, Stonebridge Mortgage Group is dedicated to helping Portland locals understand the ins and outs of home buying. An important aspect to consider when buying any property is if the numbers are on your side. For example, Portland locals should look into if interest rates are higher or lower than usual before buying a property.

What Is A Mortgage Interest Rate?

Your interest rate when buying a property is what it costs to borrow the principal loan amount for your Portland property. The interest rate and principal balance left to pay on the property together determine what your monthly payment will be. Securing a property when the interest rate is low will ultimately make the purchase of said property cheaper for you.

Stonebridge Mortgage Group offers the best mortgage-related services!

Interest Rates In Portland Are Downs

Interest rates in Portland are currently low, and it looks to stay that way as we go further into April. Portland locals should take advantage of these all-time low-interest rates while they can, especially if they are interested in buying an investment property!

What Is An Investment Property?

When one purchases a property as an investment rather than a personal home, one hopes to earn a return on the investment of that property. Most accomplish earning a profit on an investment property by becoming a landlord and renting the property out or improving the property to benefit from selling it in the future. With interest rates at an all-time low, now is the best time for Portland locals to consider purchasing investment properties. Stonebridge Mortgage Group is eager to help people in Portland and the areas surrounding as they consider investing in properties.

Current April Interest Rate Predictions

Currently, it looks as though interest in April rates will average at approximately 3.7%, but we encourage Portland locals to keep an eye on things as we go further into the month of April.

Call Stonebridge Mortgage Group To Get Pre-Approved

If you’re looking into buying an investment property in Portland or the areas surrounding, don’t forget to get pre-approved! Getting pre-approved to buy a home or property should be one of the first things you do when you’re considering investing in property. Having a pre-approval shows that you are serious about purchasing a property.

After pre-approval, Portland locals will have a better idea of how much they can borrow. Your offer will be more competitive because sellers will know that your current financial situation has been reviewed by a lender, and approved you for the home-buying process. Additionally, pre-approval will let you know if there are any potential issues you need to smooth out before getting pre-approved, and thus buying a home.

Get Pre-Approved For Free With Stonebridge Mortgage Group

Stonebridge Morgage Group offers free pre-approval services to our Portland clients! Don’t wait to get pre-approved. With pre-approval, you will be better prepared to find a home that suits your needs and is within your budget. Stonebridge Mortgage group advises against looking for homes before pre-approval. There’s are few things worse than falling in love with a home you can’t afford, after all. Call today for free pre-approval! Call us at 503-254-9779, or submit an application for pre-approval online.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home! Call Stonebridge Mortgage Group today at 503-661-5580.

Investment Properties: How 1031 Exchanges Help You Defer Taxes

Investment Properties: How 1031 Exchanges Help You Defer Taxes

StoneBridge-Mortgage-Investment-Properties-How-1031-Exchanges-Help-You-Defer-Taxes

Portland Homeowners Turn To Stonebridge Mortgage Group For All Mortgage Matters

Owning a home is a huge investment, and tax season can make those matters seem all the more complicated. If you’re a landlord who owns investment properties, this is even truer. Stonebridge Mortgage Group is eager to help Portland locals understand the intricacies of owning homes and investment properties and the tax responsibilities that come with that.

Selling An Investment Property

If you’re looking to sell an investment property that you’ve had for a while, the taxes that you’ll pay after the property depreciation may leave you with less profit than you were expecting after the sale. How much an investment property owner in Portland might be taxed for the sale of their investment property will depend on many factors, such as how much the property’s worth has depreciated, how much they originally paid for the property, and how much they sell the property for.

How A 1031 May Help You Defer Taxes After An Investment Property Sale

Portland investment property owners need not necessarily resign themselves to paying a steep tax price when they sell their investment property. However, if you plan to take on another investment property, you will want to consider filing a 1031 Exchange.

What Is A 1031 Exchange?

The 1031 tax-deferred exchange takes its name from Section 1031 of the Internal Revenue Code. This tax-deferred exchange can allow Portland locals to sell an investment property and replace it with a “like-kind” property while deferring capital gains taxes to a later date.

Stonebridge Mortgage Group offers the best mortgage-related services!

What Counts As A Like-Kind Property?

According to the Income Revenue Code 1031(a), a like-kind property is a property that has been held for productive use in a business, trade, or as an investment. Thus, like-kind properties are similar in nature or character, regardless of any possible differences in grade or quality for the properties.

What You Need To Know About 1031 Qualifications And Rules

The IRS has strict rules for filing a 1031 tax-deferred exchange. Portland property owners who want to file a 1031 tax-deferred exchange should expect to meet strict qualifiers. Portland locals cannot use the 1031 tax-deferred exchange for personal residences, vacation/second homes, or “flipped” houses. Portland locals should also make sure that they set up the 1031 exchange before the sale. After the closing sale of the initial investment property, Portland locals will have no more than 45 days to find and designate replacement property. Additionally, Portland locals would have to close on the new property no later than 180 days following the closing or settlement of the property that was sold. The new property must also be bought for at least the same amount as the property that was sold.

Allow Stonebridge Mortgage Group To Help You With Your 1031 Tax Deferred Exchange

Portland locals, if you’d like to learn more about if a 1031 tax-deferred exchange could help you, visit Stonebridge Mortgage Group. We give advice on all mortgage matters. We can help you better understand the intricacies of 1031 tax-deferred exchanges and if your property would qualify for such an exchange. Stonebridge Mortgage Group is dedicated to helping all homeowners and investment property owners in the Portland area. Don’t wait! Visit soon to get the mortgage-related services and professional advice you need with Stonebridge Mortgage Group.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home! Call Stonebridge Mortgage Group today at 503-661-5580.

Call Now Button