In today’s blog, I’m going to talk about investing in real estate.
But, before I get into the content, I want to share a story about a client of mine, Stephanie. For many years, Stephanie didn’t think she would ever own a house of her own So naturally, she never envisioned being the proud owner of three properties.
But luckily, Stephanie was able to utilize my knowledge of the local market And just a handful of years after purchasing her first home, Stephanie has been able to obtain several income properties and is getting ever so closer to financial freedom.
The moral of the story is to work closely with an agent who knows the market intimately. That way they can help you score the best properties with the best return on investment possible.
Now here are the reasons why you should invest in real estate.
IT BUILDS YOUR WEALTH
Whether you’re getting into the real estate game to flip houses or to rent them to tenants
It’s an excellent way to build your wealth.
When flipping a house, your goal is to buy cheap
And force appreciation by upgrading the home.
When renting, you will generate a passive and predictable income stream by charging rent you collect.
And there are a number of tax deductions you may be eligible for, when you invest in real estate property.
IT BUILDS YOUR WEALTH
Whether you’re getting into the real estate game to flip houses or to rent them to tenants It’s an excellent way to build your wealth. When flipping a house, your goal is to buy cheap and force appreciation by upgrading the home.
When renting, you will generate a passive and predictable income stream by charging rent you collect.
And there are a number of tax deductions you may be eligible for, when you invest in real estate property.
IT’S A RELATIVELY SAFE INVESTMENT
Investing in real estate is one of the safest investments you can make. This is because the value of properties rarely drops.
As long as people continue to be born and the population grows, there will always be a demand for housing.
By this logic, any property you invest in will naturally appreciate over time.
REAL ESTATE IS IMPROVABLE
Any property, no matter its condition, can be improved and upgraded. We call this forced appreciation. This means that you can search for houses that are cheap but may need some TLC And then you can turn around and sell those homes for a profit. In some cases, all it takes is a few fresh coats of paint!
When you work closely with an agent They will assist you through this process so that you know you’re investing in Worthwhile upgrades that will give you a big return on investment.
To summarize, you should invest in real estate. Because it can be a safe, high upside element to add to your financial portfolio
Especially when you work with an agent who has a proven blueprint for buying houses at the best price possible.
Reach out to Danny Greene if you want to ask anything else about investing. We will be happy to help you! Send an Email at Danny@CalgarysAgent.com or call the number 403-605-6626!