Today, I'll go over three reasons why rental properties can be your key to wealth.
California Rental Properties Can Be Your Key to Wealth / What Is the Key to Wealth in California Real Estate? / The Key to Wealth in California Real Estate
Rental properties can be your key to wealth in California real estate. Here's why.
- Cash flow: Cash flow is the top reason most investors get into real estate. People love to have that extra income coming in every month. Every property is a little different, but if you buy a good property and the rental makes sense for what you're purchasing, you'll make money right away.
- Tax breaks: You can mark of the depreciation with the income.
- Long-term investment: Rental properties build wealth over time. Your principle is paid off by your tenants, and at the end of your term, you'll have a paid off property and have paid off the mortgage. You'll then make $2,500 to $3,000 a month free and clear in rental income.
"Cash flow is the main reason people invest in real estate."
If you have any questions about rental properties or about real estate in general, give me a call or send me an email. I would be happy to help you!