Asset Strategy Realty Partners

Residential

We make it happen

Breaking Down Residential Property

Residential rental property refers to homes that are purchased by an investor and inhabited by tenants on a lease or other type of rental agreement. Residential property is property zoned specifically for living or dwelling for individuals or households; it may include standalone single-family dwellings to large, multi-unit apartment buildings.

buildings in city

Key Takeaways

Types of Residential

Single-family homes, condominium units, apartments, townhouses, duplexes, and so on.

Investing

By law, property must derive 80% of its income from residential purposes to qualify as residential for tax purposes.

Investing

Residential rental property can be a popular investment because people are very familiar with the idea of renting property to live in.

Benefits

• Tax Benefits

• Seasonal Rentals

• 1031 Exchange

• Renting Extra Space

Considerations

• Lack of Liquidity

• Rising Taxes and Insurance Premiums

• Tenants

• Landlord Role

For Any inquiries

Contact Us

Please feel free to contact any one of our Representatives. Our team of experienced, knowledgeable staff can help you with all of your real estate transaction needs start-to-finish.