REAL ESTATE
Viewpoints
Refinance For Tax Profits
One. very obvious method to gwnwrato
tax-free money, is to apply the same
principle that a homeowner uses when he
raises the mortgage on hts house . by
rewriting it for a higher amount, With.an
income property you simply have more
opportunity to do this because you are
dealing with a larger mortgage which 4^—
being paid off and reduced by more
* substantial amounts, paid Cor by ^yopr ,
tenants. You simply pocket the differerae -
tax-free. T*
With an income .property there is greater
opporhuilty to get still more casfa on a
mortgage rewrite due to appreciation of the
fair market value of the building. ThCnew
higher value can be deliberately and -
intentionally created by you, without
depending upon general inflation or even
local expansion of all real estate prices.
What I am referring to here is “upgrading.”
As mentionedinthe beginning, onieof the
big advantages of investing in real estate is
your ability to control your investment and
use you ingenuity to enhance the value of "*
your property.
Upgrading is normally accomplished by i
an owner in two main ways.. First you can
manage your building better or improve
yoUr rental units to the point where you can
demand higher rents. Second, you can
actually increase the number of rental units
through more efficient use of overall space.
Either way, your gross annual income is
increased, and mortgage lending
institutions base their loan matimiims
directly upop the total gross income Of the
building.
You should start now investing in real
estate. For more than a quarter of a
century, real estate prices have beta
steadily increasing. All experts are in
agreement today, that due to ever higher
costs for materials and labor, steadily
increasing land costs and general inflation,
real estate prices will continue to increase
for a long time to come. Therefore, any
delay in real estate investment will be
costly to you. There are a number of tax
advantages in real estate.
ino one can say mat these favorable
conditions of low cash down, preferential
tax benefits and almost certain appre
ciation will last forever. So the sooner uou
get started, the longer time you will hare to
profit by this existing and forseeable
favorable climate.
If you wish to buy and sell for quick profit,
there is no better period than now to depend
on certain appreciation. About the only way
you could lose today, would be to be
careless, and pick a poor location in a
declining area. On the other hand, if you,
wish to buy and hold, the climate may.hever
be better than now.
WBTV To Sponsor Seniors Invifc'nl Golf Tourney4
WBTV will, for the
second year, sponsor tfae
World Seniors Invitational
Golf Tournament to be held
at Quail Hollow Country
Club in Charlotte Septem
ber 1S-1«.
Last year's tournament
was by far the most
successful in tbe World
| Seniors’ four-year history.
r
Sanders defeated mhut
Barber by one stroke to
claim the title and $25,000.
The MM World Seniors
promises to be equally, 11
not more, exciting with the
addition of new players
who’ve just turned 50 to the
distinguished field.
Collie M. Tarleton,
Senior Vice President and
fa I
l
| \
m
General Manager of WBTV
said: “Hie World Seniors
does three primary things:
(1) It brings some of golfs
greatest names to our town
(3) it provides outstanding
golfing «nt«rt»lniimi* tO
our citizens and (3) it gives
Charlotte tremendous
national exposure. We at
WBTV are pleased to spon
sor this outstanding tour
nament for a second
straight year. We’re con
fident the 1964 tournament
will top even the highly
successful one of a year
ago.”
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