Why Buy an Investment Property?
Buying an investment property is a wonderful investment opportunity, particularly in today’s world with such a volatile stock market. Investing in real estate allows you a much “safer” bet on your money. If you have never invested in real estate previously you may be hesitant to take the leap of faith and dive right in. Our Moorpark Real Estate Team has decades of experience and can walk you through every step of the way. Below are a few reasons you should invest in real estate if you needed a little additional convincing.
• High return on investment: It is safe to say that over time real estate properties increase in value. Assuming you are able to hang on to your investment property for any period of time you will have profited. This is unlike any other investment you could potentially make.
• Diversifies your assets: Having assets diversified in the real estate market is a great addition to your portfolio. This can also be a great addition to your retirement funds.
• Tax benefits: There are many tax benefits to owning an investment property. Since there are now many limitations when it comes to write-offs for your primary residence it is a great idea to use as many write-offs as possible for your investment property. As an investor you are allowed to write-off your mortgage interest, depreciation of the home, repairs needed, as well as the insurance required on the home.
• Easy exit strategy: If you no longer want to be an investor or need to liquidate your assets there is an easy exit strategy in that you can simply sell the home. In today’s market it will certainly sell quickly!
As your trust Moorpark Real Estate Team, we are happy to answer any additional questions you may on your investment journey.