Are you planning on investing in rental real estate in San Diego, Phoenix or Las Vegas but you don’t know if now is the right time for you to invest in real estate or not? If so, you’ve come to the right place!
In this article, we will share with you some of the advantages that come from investing in rental real estate so that you can have confidence in knowing that right now is the best time for you to invest.
Advantage #1 – You Will Have Fixed Expenses
With any other business that you could start there’s always going to be expenses and is most cases those expenses will not be fixed expenses.
The good news with real estate investments is that you will enjoy fixed expenses and you may be able to start seeing positive monthly cash flow from the first month.
Example: Let’s say that you purchase a condo in San Diego and your expenses are your mortgage, property taxes, HOA fees and possibly water/sewer/trash, and your total monthly expenses average $2000 per month.
The good news is that if the condo that you purchased rents for $2,100 per month, you’re going to enjoy $100 positive monthly cash flow that will only grow each year that you own that condo since the average rent appreciation is around 3% per year.
Advantage #2 – You Will Own an Appreciating Asset
Unlike other businesses or investments, when you invest in real estate you will own an appreciating asset that will only continue to increase during the years that you own it plus your monthly cash flow will continue to grow each year when you raise the rent.
Advantage #3 – Real Estate Is A Great Asset to Pass Down to Your Heirs
Last of all, but most important, when you invest in real estate, you’re buying something that you can ultimately pass down to your heirs. Very few people are able to leave behind assets when they pass away. Your heirs will have an asset that will continue to appreciate in value for them while they own it while producing positive monthly cash flow.
Property Management Makes Owning Rental Properties Easy
After purchasing rental real estate in San Diego, Phoenix or Las Vegas the best thing to do is hire a GoldenWest Management to manage those properties for you because we will save you the time, money and hassle of managing those rentals yourself.
To learn more about the services we can offer you contact us today at (866) 545-5303 or click here to connect with us online.