Real estate has always been the best investment decision for small and big investors. When you purchase property, unlike stocks and bonds, you own it. Yes, the recession did scare investors away from the market but times have changed. The real estate market has improved and investing in it is a good idea says industry expert Jeff Adams.
If you have to be convinced, here are a few immediate reasons why investing in real estate is still a good idea.
- Steady Cash Flow
Once you invest in property, you can choose to renovate it and rent it out to a company or individual. If the property market is good, you can easily double or triple your investment and make a comfortable income. Of course, this depends on where you have purchased your property. Areas like New York City and Washington DC have the highest rental rates but you can easily get good rents depending on the property location and the renter.
- Resale Value
Land values usually do increase over time. If you want quick money, you can easily advertise your property and sell it quickly for cash. In case you don’t want to sell, you can also mortgage your property to a lender or a financial institution for ready cash. Most property owners use this method to invest in more property. They mortgage existing properties, use the equity to buy more properties, and then rent out these properties to make an income. This may seem complicated but it works and it can easily make you a very successful landlord.
- Tax Concessions
When you purchase property, you are eligible for several tax concessions. These concessions will vary from state to state but most states also provide concessions for rental properties. You can check with your accountant to get the most benefits on the property you have purchased / rented.
- Easy to Research and Find Property
There are thousands of websites that you can use to find property in different cities and price ranges. As a result, researching property and finding affordable property is quite easy. With the help of a good estate agent, you can find property in any price range and anywhere in the country, research these properties and then make an informed purchase.
- Financing
In this new economy, the US Government is actively encouraging people to buy property says Jeff Adams, the #1 real estate trainer. As a result, credit scores have been lowered and financing is easy to get. Buying property and selling it is now far easier and you don’t have to buy property with your own money. With financing, you can buy and sell property easily to create a substantial profit.
When you buy property, you own it, and there are several benefits to investing in real estate. You can choose to renovate and flip it or rent it out to make an income. Owning property also means that you are leaving your children a legacy in the form of valuable property that will increase in value. Either way, investing in real estate is a win-win situation.
