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We are all familiar with investing in stocks and retirement plans, but have you considered investing in real estate? If you’ve been wondering how you can increase your cash flow this year, this could be the perfect solution.
Here are just a few reasons why many people invest in real estate, and why you should, too:
𝟏. 𝐄𝐚𝐫𝐧 𝐏𝐚𝐬𝐬𝐢𝐯𝐞 𝐈𝐧𝐜𝐨𝐦𝐞 𝐟𝐨𝐫 𝐋𝐢𝐟𝐞.
Real estate allows you to earn a long-term passive income the moment you choose to buy a property and can provide a stable income every month. When you’re the landlord, those rent payments come to you every month, and that’s a really great feeling.
𝟐. 𝐀𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐢𝐨𝐧.
Depending on where you buy, your property will typically increase in value. Real estate has historically been one of the best investments anyone can make, as its value will trend upward over time. The average annual appreciation is 6.7% in California
𝟑. 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐥𝐞𝐬𝐬 𝐦𝐨𝐧𝐞𝐲.
Contrary to popular belief, you don’t have to shell out millions of dollars to invest in real estate. Many people will even take out a home equity loan on their current house, and use the money as a downpayment on an investment property. Regardless of what your budget is, you can easily find a property that fits the bill.
Add these reasons to the historically low interest rates, and now is an ideal time to consider an investment property! Have questions on where to start? We can help – send us a message and let’s chat about your real estate goals.
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