Land Up Local Highlights

You’ve probably heard, Central Texas real estate is still hot. Join us to learn why investing in land is a smart decision.

Transcription

Other than the rolling hills, bluebonnets, and green pastures, there are three reasons why you should purchase land in Texas. The first one being exemptions. When you purchase land in Texas, you may qualify for an agricultural, wildlife, or timber exemption, which can save you thousands on your taxes annually.

The second one being writing off expenses. When you purchase land in Texas, you can file for a Schedule F on your federal income taxes. With Schedule F, you can write off expenses accrued through farming, including interest on a loan taken out to purchase the land.

Last but not least, we have long term appreciation. Historically, land has always been a sound financial investment in the Lone Star State. Since 1988, land in Central Texas has been appreciated in value for most property owners. It's a great way to park money into your 1031 and enjoy the land in the meantime. Those are some Texas size savings. Contact us today to see how we can help you find your next investment.