We all, to some extent, recognize the potential financial rewards we could attain from real estate investing. It goes without saying that there are many benefits of investing in real estate that outweigh the costs, and you as a real estate investor could be earning a steady flow of income to secure financial freedom for the long haul.
Whether you want to quit your mundane 9-5 job and become a full time real estate investor and/or save up for your retirement, you are on the right path to fulfill your financial goals sooner than you might think. It takes 4 to 5 rental property to establish passive income through real estate and get yourself a reliable source of constant income.
Let’s look at the benefits of real estate investing
1. Steady Income
This is a no brainer! The majority of people invest in real estate for the steady flow of cash they earn in the form of rental income. This passive income is a huge incentive to get you started and buy your first rental property.
2. Long Term Financial Security
The benefits of investing in real estate provide investors with long term financial security. When you have a steady flow of cash in succession, the rewards of this investment bring on financial rewards for a long time. Owning a rental property can afford investors a sense of security because of the property’s appreciation in value over time.
3. Tax Benefits
One of the benefits of investing in real estate is the tax exemptions investors get from owning a rental property. This is a major reason why many choose to invest in real estate and needless to mention about the benefits from Negative gearing.
In most cases if you’re having a yearly income of $80,000 and with a saving of $30,000, provided you do not have any other debts then I would be able to help you to start your property portfolio journey. Additionally, this will help to put more cash into your account not only through rental income but also tax refunds due to negative gearing while your tenant pays most of your mortgage.
4. Real Estate Appreciation
If you already are in real estate investment or are just starting out, you do understand that real estate is not a shortterm investment plan. On the contrary, the benefits of investing in real estate include the appreciation of capital assets over time. In other words, your property’s value will be worth way more 10 – 15 years from now. in fact I would say you should never sell your existing property rather accumulate more and pass the on the legacy to your kids for them to have financial freedom.
One of the benefits of investing in real estate is a hedge against inflation. With high inflation, your rental income and property value increase significantly. Real estate investors welcome inflation with open arms because as the cost of living goes up, so does their cash flow.
6. You Are Your Own Decision Maker
Forget about your 9-5 boring job, the best part about real estate is becoming your own boss. Just like any other business, you have the complete autonomy and control over your real estate investment strategies as well as your failures and successes. You call the shots on which property to invest in, the tenants who will live under your roof, how much rental income to charge per month, and who will manage and maintain the property as a whole. The benefits of investing in real estate make you your own decision maker.
You’re advised to speak with accredited professionals with regards to taxation, accounting and mortgage as required.
I do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations ACT 2001(Cth) and I am not authorised to provide financial services to the Listener, Reader, or Viewer, and I have not provided financial services to the Listener, Reader, or Viewer.
In the meantime, please have a look at the property options in Sydney and please feel free to call me at +61 470 467 709 to schedule a meeting to take this forward and help in achieving your property investment goals.