3 Reasons To Get An Investment Property Now — Or (Really) Regret It Later!
As 2021 continues, the value of passive income has never been higher.
Passive income may be defined as a revenue stream that brings in profit without you having to work.
Well, you may have to put in some work every now and then, but it’s akin to having a job and earning a monthly salary — all while only working once a week.
And who doesn’t want to have a stream of income that doesn’t require a lot of work?
While the lockdown was at its peak, people around the world were desperately looking for new ways to earn money. As such, trading stocks, financials and e-commerce gained a lot of attention …
but when it comes to earning power, property investment is King!
The following are reasons to get into it:
1.Investment Property values almost never depreciate
The one thing that people always need is land. Whether it’s to build a home or a business, land is necessary.
As an investment property owner, you have an asset that people will always need.
This means that you’ll never go out of business and that your investment dollars will never go to waste.
The value of land and property almost always goes up overtime. The only exception would be property in dangerous neighborhoods — but a smart person would know better than to invest in a community that is a hub for crime.
2. Investment Property offers a stable income
Due to housing and land being a necessity, you’re always guaranteed to make a dollar. If you rent your property to a business owner or for residential purposes, you’ll have money coming in every month.
Even if you don’t get tenants, real estate agents are always on the lookout for land. So you can develop your property, sell it and then use the capital to do something else.
Regardless of what you choose, an investment property does the trick!
3. Investment Properties offer tax write-offs and mortgage coverages
Many investment or income streams are taxable. Property is taxable, too, but there are legal ways to reduce and even eliminate the taxes that you have to pay on your property.
Additionally, the income generated from the property can cover its mortgage and still generate a sizable profit.
While there are numerous benefits attached to an investment property, securing the right one requires a bit of expertise — especially if you’re looking at property in Essendon, Flemington, Mill Park and the surrounding areas.
Connecting with an expert like Luxland Investments ensures that you get the best options — plus the expert consulting to help you make the right choices from the get-go!
