7 reasons why you should buy real estate:
Real estate is known as a stable and consistent investment. Housing is a basic need. Rental homes are always in demand, but with the low vacancy rates in Colorado Springs right now, rental properties are at a premium. You can count on your home being rented immediately and consistently if you are with a good property management company.
And don’t let the thought of being a landlord stop you from buying. You can still make a steady income from the rental property while someone else manages it.
The stock market can give you good returns, too, but is very volatile. The real estate usually goes up.
Here are 7 reasons why you should buy real estate. For more articles on property management, click here.
Want to read more about why you should buy real estate? Check out these articles:
1. Financial Security
Real estate has a history of being a stable and consistent investment, far less volatile than today’s market.
2. Passive Income 24/7 for Life
With a good property management company in charge of your properties, you won’t have much to do. Your tenants will pay your mortgage for you while you move onto other things.
3. Increased Cash Flow
A great benefit of real estate investing is its ability to generate income, especially as your mortgage is paid down.
4. Tax Advantages
Income produced from rental properties may be tax free due to depreciation and deductions. Most other investment require tax payments on dividends.
5. Retirement Income
Rental property produces cash flow. The more properties you have, the greater that cash flow is. If you hold onto your properties as you age, you will still be getting that passive income into your golden years.
6. Inflation Protection
When prices go up, you don’t have to worry. Increases in rent follow inflation, and a strong lease will cover this.
7. Wealth Creation
The right real estate investments can promote wealth creation. The value of your property increases, while the mortgage decreases through regular mortgage payments. The result is increased equity and wealth.
8. How All County can help
All County is more than a top-notch property management company. Yes, we can manage your investment property once you buy it, but we also have realtors on site that can help you find a good investment, then help you purchase it. Since we’re out there in the rental market, we know where good properties are, and can advise you on when to buy. Then after you purchase, we can find the right tenant for you and help maintain the value of your property.
This article touches on what real estate investment could do for you. There is much more to read online. If you have questions or are interested in developing a rental property, call us today at: (719) 445-7172. We can help you find, purchase, and manage a rental property in Colorado Springs.