Flipping properties is fun. But it's not necessarily a right fit for everyone's appetite.
For the majority, in fact, investing in rental properties is a much better and rewarding choice.
If you're in real estate investments, here are 3 powerful reasons why you should go with rental properties:
1. A Consistent Monthly Income
A rental property would open you a stream of consistent income.
And if you're strategic in setting monthly rent, you wouldn't even have to wait for the positive cash-flow.
You can cover the mortgage payment and even maintenance cost in the monthly rent your tenants pay you and can still cut a profit.
Now isn't an added stream of passive income the best thing?
2. Flexibility In Decision-Making
In case if you're wholesaling properties, your agent, in the name of maximizing your returns, would enjoy the maximum control, making all the decisions for you.
On the contrary, with your rental property, you would enjoy the most say in the decisions, like how would you manage the property, who would you choose as your tenant, and how much will you charge from the tenants.
This flexibility enables you with more freedom to solidify your portfolio.
3. Appreciation In Value
While you enjoy monthly income from your rental property, the real value of your property would also appreciate through the period, building you a leverage.
So, down the line, even when you decide to sell your property, it would return you with much higher rewards.
Conclusion
These are 3 powerful reasons to convince any property investor to invest in rental properties.
Of course, there are many other benefits. Like, going this way would help you diversify your investment property portfolio, you would enjoy a number of tax write-offs, and there would be so much financial predictability.
Recommended Read : How To Purchase Your First Rental Property?
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