Owning investment property may provide financial and personal benefits, including:
Rent. If your investment property is close to schools, transport – particularly for commuters, employment opportunities, local businesses for example, public facilities like libraries, etc., shopping and are places where there is a pleasant lifestyle, tenants may well be attracted and could create cash flow for you.
Ongoing income and source of cash flow. Your investment property may provide ongoing income to offset your expenses.
Potential tax benefits. Mortgage, home equity interest payments and property taxes and depreciation may present the opportunity for tax advantages. Of course you will need to consult your tax adviser on this or we can put you in touch with one of our referral partners to talk with – click here and leave your details.