7 Reasons Why Real Estate Makes a Good Investment in Phoenix
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 Phoenix 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 rental property while someone else manages it.
The stock market can give you good returns, too, but is very volatile. Real state always goes up.
Here are 7 reasons why real estate is a good investment.
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.
This is just a hint of 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: (602) 753-0333. We can help you find, purchase, and manage a rental property in Phoenix, Arizona. All County is on your side!