The Why.
Passive Income, the "Now Money"
Tenants pay rent. After expenses, you have a monthly passive cash flow. There's only so much time in a day, so if you're only earning money by trading your time you are limited. What truly builds wealth is creating multiple passive streams of income that is not connected to your limited time.
Appreciation, the "Later Money"
The market value of real estate will nearly always go up. Sometimes appreciation is a product of growth in the market and sometimes appreciation can be “forced” by making targeted improvements in a property. Appreciation means you have a higher net worth.
Federal Tax Benefits
There are many tax benefits to owning property. Many people aren’t aware of them, but they’re one of the best benefits to owning real estate. Some benefits that help people substantially lower their taxes include:
mortgage interest is a write-off,
property taxes are a write-off,
no self-employment tax on rental income and more.
Real estate investors often end up paying less taxes, even as they are bringing in more income. This is why many millionaires invest in real estate. Not only does it make you money, but it allows you to keep a lot more of the money you make.
Leverage
The ability to leverage is one of the greatest benefits of real estate investment. Millionaires understand that you are not limited to your own resources. You can leverage the resources of others to build your wealth. This is achieved by getting a mortgage. You leverage other people’s money to buy properties and build your real estate portfolio! Our expertise and experience is unmatched in this area. Let us help you achieve your goals!