Property investment has been a successful endeavor for many that has lasted through the years. The major reason that it continues to be successful is the fact that it works. Owning a physical piece of property is something special. The benefits are recognized more and more by today’s investors. Is property investment something that you should look into? Perhaps, even make it your number one priority?
Let’s take a look at a number of reasons why property investment is such a good idea.
Automation Has No Effect on Property Investment
As rapidly as technologic advancements occur, we could one day be looking at a time when human physical labor is no longer required. It used to be that science fiction used artificial intelligence and robots for intriguing, if not scary, affects. Yesterday’s science fiction are the facts of today.
But property investment is immune to automation. People will always need a place to live. Chances are however, they won’t have a big stash of money with which to buy a home. So, at least for the foreseeable future, rental properties will command top dollar no matter how much artificial intelligence or how many robots exist(s).
Who Wouldn’t Like a Steady Cash Flow?
It isn’t likely that you will ever get rich working for an employer. The richest guy in the world certainly doesn’t! To get money flowing directly into your pocket, you need assets. A 9-to-5 job is nice, but you can make money automatically with passive income. This is one of the main reasons why property investment is still something that numerous individuals are interested in and become involved in.
Would You Like to Enjoy Exclusive Tax Advantages?
Who wouldn’t like a few advantages when it comes to taxes? You could keep a better share of your earnings if your income was derived from property investment. Apparently, real estate investors are liked by the government. After all, they create jobs, stimulate the economy, and keep that cash flowing. What are the tax advantages? You will gain the benefit of depreciation and not have to pay a self-employment tax.
Don’t Pay Off Your Loan – Let Your Tenants Do It For You
Let’s say that you needed a loan of $250,000 in order to buy the five-unit apartment complex that you wanted. The deal went through and now you’re sitting on a mortgage. But if you charged $1000 per month to each of your five tenants, at 100% occupancy, you would have a monthly income of $5000. You could easily pay off that mortgage in seven years by applying $3500 of it to your monthly mortgage payment. That even leaves a little money in your pocket.
If you are interested in investing in property, or if you would like to be the one selling investment property to others, why not contact the professionals at eRealty Advisors? With over 65 years of experience in the real estate business, our New York headquartered brokerage is an industry leader. With a powerful outlook, our founders set out to change real estate for the better. Talk to our agents today about property investment.