When women are ready to invest, they often do research to discover their options. With an abundant amount of knowledge and investment resources out there, the investment opportunity that is sometimes the most rewarding, real estate, is often overlooked.
With a plethora of HGTV shows to inspire you to buy and flip property you may not be aware of the many benefits of investing in real estate.
why rental property
Rental income is often deemed ‘passive income’ but that’s not always the case. In fact, if you don’t have the ability to buy a property and hire someone to manage and maintain it for you, being a landlord should really be referred to as ‘active income’… but the rewards – and financial gains – can be amazing.
When you buy right, you enjoy the monthly rental income paid by your tenant. Over time the property you purchased will increase in value. While your tenant pays down (or off) your mortgage, your equity is building – which means when it’s time to sell, you have the potential to net a sizable return.
But the benefits don’t stop there.
From tax deductions to tax shelters, owning real estate for many is the road to true wealth. If you learn the market, take calculated risks and play your cards right, real estate gives you the ability to change your entire financial outlook.
how to minimize your risk… at the purchase
The trick to being successful at real estate investing is always to buy right. Think about that.
By making a solid, well-considered decision on the front end, you empower yourself to be profitable on the back in.
Reset the way you think about investing. Make cash flow based decisions instead of chasing the quick buck. By doing so, you’ll minimize the risk associated with market fluctuations. Focus on being able to collect a specific monthly amount of profit. Any appreciation you experience through market changes is a bonus.
But if the market takes a momentary dip, you wont be worried about losing the property. Because your strategy from the beginning was cash flow. Throughout any market turmoil, guess what? You’ll still be collecting your monthly rental income, reaping tax benefits, and having your tenant pay down the debt on property that you own!