Andrew Carnegie made the famous statement that 90% of millionaires created their wealth through property investing. While things have shifted a little in today’s modern landscape, millionaires still say that real estate is one of the best investments you can make.
1.
Let your home build more equity over time while having your mortgage covered and then some.
This creates a semi-hands-free way to build equity in your property. Providing you get good tenants, and you don’t have a high tenant turnover, you can basically “set and forget” your monthly mortgage payment.
2.
Because who couldn't use a little extra monthly cash
In many instances, especially in growing markets, homeowners are seeing hundreds of dollars in additonal income, monthly.
Money that can used to grown other investments
3.
Not everyones looking for a place to live
Property Investors are always looking to add to their portfolio.
These investors are in the market for stable, profitable rental homes. Seeing your home listed with current tenants and visible monthly cash flow is a bonus to them.
4.
Avoid Capital Gains Taxes
tax deductable items for property investors
Property Depreciation
Mortgage Interest Deduction
Repair costs
Property management fees
And more...
5.
A stable market without daily fluxions
There will always be renters. And in todays steadily increasing market, there's little more stable for your family's financial security.
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