Ever since the huge market crash of 2007, we’ve heard that real estate is no longer the smart investment that it was always considered to be. As a realtor, I don’t believe the naysayers; there are still four tried-and-true benefits of real estate investment that, when taken together, can and will help you grow your overall wealth. You just need time, patience and a good advisor!
- Increase your cash flow: When you buy an investment property, you get to pocket all the rent money that’s left over once you’ve paid expenses on the property (i.e. mortgage, repairs, home owners’ association fees etc.) The math is simple—the more properties you own, the more the potential cash flow boost, so long as you don’t overextend yourself.
- Positive ROI: Home value