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REASONS REAL ESTATE IS A GREAT INVESTMENT

Wednesday, May 3, 2023   /   by Ameil Gill

REASONS REAL ESTATE IS A GREAT INVESTMENT

 REASONS REAL ESTATE IS A GREAT INVESTMENT


This is a gentle reminder that it’s never too late to invest in real estate!


Some people avoid real estate investments because they think they are scary or need a lot of money to invest, but neither is accurate!


Here are 4 reasons you should consider investing in real estate (yes, even in today’s market!): 


1.PROPERTY APPRECIATION


On average, real estate appreciates 3% – 5% a year without you doing anything except maintaining the home. But, you can increase the rate of appreciation by making renovations or repairs. Whether you make improvements or not, in a few short years, you’ll typically be able to sell your property for more than you paid for it.


2. PREDICTABLE CASH FLOW


If you buy and hold real estate, you can earn monthly cash flow renting it out, and this increases the profits from owning real estate since you aren’t relying only on the appreciation, but also the monthly rental income.


3. TAX BENEFITS


Like any business owner, investors can take advantage of many tax write-offs. While it’s an investment, when you own a home and rent it out, you run a business – you are the landlord.


As the business owner, you can often write off the following expenses: The mortgage interest paid on the loan, origination points paid on the loan, maintenance expenses, real estate taxes, homeowner’s insurance, and HOA dues.


4. WEALTH BUILDING


Your net worth grows as you build equity, collect passive income, and then set the cycle on repeat. When you invest in real estate long-term, you know you have an appreciating asset.


Want to dive deeper into real estate investing? I’d be happy to answer all of your questions and help you determine if it’s right for you! Send me a message and let’s chat about your goals.

REMAX Realty One Inc. - The Gill Team
Ameil Gill
50 Burnhamthorpe Road West Sussex Centre Ste #102
Mississauga, ON L5B 3C2
416-884-1359

Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 15, 2024
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 15, 2024
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