Most people are well aware of the potential financial rewards they might get if they take part in investment Vancouver. Investing in real estate, especially in our city, can reap huge advantages over other types of investment and the benefits far outweigh the costs and risks.
Whether you are looking to quit your 9-5, add another stream of income to your portfolio or become a full time investor, this is definitely the path to take. You might even see returns sooner than anticipated.
Let’s take a look at 8 BIG reasons to invest in real estate.
There is nothing like having peace of mind that you’ve secured for your retirement and pension plan. Investing in real estate covers you for when you get older and quit working.
Steady Flow of Income
A no-brainer, real estate investments create a steady flow of income in the form of rental income. This passive income should be motivation enough to get you to invest in your very first (or second) property. Depending on where your property is, you’ll have your expenses covered, rent and then some extra money on the side.
Long-Term Financial Freedom
When you have a property that you consistently rent out to trusted tenants, you’ll have long-term financial freedom. Your property’s value will also increase over time, especially if it’s in a great location.
Real estate investments provide you with tax benefits in the form of tax exemption. This is one of the biggest reasons most investors choose to invest in real estate. For example, the rental income you receive from your tenants will not be taxed as self-employment tax, and you’ll also receive tax breaks for insurance, maintenance repairs, travel expenses, legal fees, property taxes and more.
One of the biggest benefits is that your tenants are essentially paying off your mortgage payments and if you get loyal, responsible tenants, you’ll have a space that is taken care of and tenants that won’t leave (especially if you’re super kind to them).
Real estate investment is most definitely not a short-term plan, it’s a long-term plan which also holds the benefits of capital asset appreciation over time. This means that the land your property is on will increase in value.
When you invest in real estate, you’re protected against market and economic fluctuations. With inflation, the value of your property and its rental income will increase. When the cost of living increases, so does your income.
Your Own Boss
when you’re a real estate investor, you’re your own boss, without the 9-5. Flexible hours that you control and passive income that flows into your account while you sleep.
If you need help making your first investment or are already a seasoned investor, please get in touch with us. Whatever your level of experience, we can help you with your investment Vancouver to ensure you’re well on your way to financial freedom.