With very little doubt, there are several excellent reasons to invest in real estate. And if you are sitting there thinking about it and wondering if it is something you should do, we suggest you read this and make a quick decision.
Smart investing requires a thorough analysis of the real estate market and a game plan moving forward. So now would be a great time to contact Daisy Raouph, your Pickering financial advisor. But if you are still on the fence about investing in real estate, here are a few reasons to invest in real estate that just might sway you.
Do you want long-term financial security? We doubt you will achieve that through your current job. However, long-term financial security can be achieved through investing in real estate.
You see, while you are bringing in rent money every month, your rental property is increasing in value over time. So as you are paying down your rental property, the value of it is going up. Think about how much money this will bring you should you sell it years down the road.
Inflation is a Welcome Problem
We understand you are not greedy, but if you own a rental, you will almost certainly welcome a little inflation. This is because inflation causes the cost of living to go up, so everybody raises their prices. This means that you stay competitive raising your rent, which makes you even more money.
You Get to Make Your Own Decisions
Don’t you hate it when you have a great idea at work but your boss or someone else is quick to shut you down? Well, if you own rental property and there are decisions that need to be made, you are the one who will make all of the decisions. That’s right, as a rental property owner, you get to call all of the shots, right or wrong.
This means you get to decide what to charge for rent and how best to maintain the property and who will live in your rental.
You Can Grow or Not
Investing in real estate means that you can own as few or as many rental units as you desire. The sky really is the limit. If you feel comfortable with only a couple of rentals, then go for it. But if you are really motivated, you can buy as many as you desire. It’s all up to you.
Most people who invest in real estate do so so they can enjoy a steady flow of cash. This passive income is a huge incentive to take the leap and invest in real estate.
You start slowly by purchasing one rental property and then you build up from there. The rate at which you increase your rental properties is all up to you. Don’t forget that there are prime locations where you will want to buy.
There are many ways in which you can invest your money. Many of these ways can have high returns in a short period of time. But these types of investments can also prove to be money losers, leaving you with nothing in the end.
Real estate is a safe long-term investment. Even if prices fluctuate and drop over the years, history shows us they will come back up again if you just ride it out. In the meantime, you are still collecting rent every month and the amount you owe on your rental property is going down. Either way, you will get a great return on your investment.
For more information about investing in real estate, contact Daisy Raouph.