Is It Time To Buy Up in Big Bear?
Big Bear is a special kind of real estate investment market. Where you invest in the real estate financially, you are also investing emotionally in making memories and enjoying this fabulous mountain resort town. If you are highly focused on both, you can generate a revenue return and position yourself to “buy up” on your investment property. Here are 4 simple yet compelling reasons to buy up in Big Bear!
1. Have more fun!
If you are enjoying your cabin now, how much more fun would you have in a bigger cabin that has an extra bedroom, a game room, or a garage? What about a place that is within walking distance of the ski slopes or has a view of the lake? Buy up and take your personal Big Bear experience to the next level.
2. Keep your money!
When selling your current cabin to buy up to another, you can avoid paying capital gains tax if you qualify for a 1031 tax-deferred exchange while building your real estate investment portfolio. (Your cabin must be an “investment property” – always consult with your CPA for tax advice.)
3. Grow your money!
Buying up means more potential for building equity. Who doesn’t love that? You can reap the benefits of an appreciating market and build increased wealth over the long term. Big Bear has great potential as a “buy-and-hold” market.
4. Grow with Big Bear!
Now is the time to buy up in Big Bear because Big Bear is moving up in incredible ways. Many upgrades and improvements are in the works that are taking Big Bear to the next level. A town that invests in itself makes for a confident Big Bear real estate investor.
If you are a real estate investor who loves Big Bear, perhaps it’s time to upscale your Big Bear real estate investment. If you would like to learn more about “buying up”, we are happy to help! Contact us today.