There are many things that we worry about in this lifetime but none more so than our financial situation and whether or not we are going to be able to take care of our families and ourselves when we reach retirement age. We know and understand that we need to build up some kind of financial portfolio but we get many different pieces of advice from all directions and so it becomes a little confusing after a time. We clearly don’t have the knowledge to be able to make such financial decisions by ourselves and so we stumble through life investing in things that don’t really provide us with an excellent return on our initial investment.
No matter what your goals are, which may be that you want to retire young or you want to create your own business empire, the fact is that you need to invest your money into something that you know has worked in the past and continues to work even now. The property market is something that continues to grow year-on-year and so it might be an excellent idea to start considering seriously about spending your hard earned cash on freedom real estate investing. It has proven itself to be ideal over the past quarter of a century and it doesn’t look like it’s going to change any time soon.
If you’re still not sure about if this is the right investment for you then maybe the following benefits of doing so can help you to make the right kind of financial decision.
- It provides reliable income – When you purchase a property, you can then rent it out to someone over a long period of time and you may even be able to get them to sign a long-term rental agreement. This means that you know that money is going to be coming in every single month which should more than cover your mortgage payments and there will be some left over to reinvest in your property or to just buy yourself something that you deserve.
- Long-term secure investment – Many people buy a property just to flip it quickly and to make a quick and yet small profit. The smart ones are in this for the long term and as well as getting your rental cash, your investment is growing year-on-year and this isn’t money that you’re going to make by putting your money in the bank or investing it in stocks and shares.
There are also the tax benefits to think about as well because you don’t want to lose a great deal of your investment because you have to pay government tax on it. The beauty about real estate investing is that there are many tax exemptions which will lead to a much lower tax rate over the long term. You can claim for such things as the depreciation of your property, any insurance plans that you have taken out for it and then there are the repairs and maintenance that have to be carried out on an ongoing basis.
