Increased Control
When you invest in the stock market, the decisions made regarding the investment are entirely out of your control. A board of directors can make decisions at the company that you’re completely against, and yet there’s nothing you can do about it.
This is not the case with an investment property. Once you have that title in your hands, you call all the shots. If you want to have tenants on the property, that’s your choice to make.
You set the rent, and you decide what improvements to the property will be beneficial to you. This makes investment properties a great option for people that like to have their fate in their own hands.
Reduced Risk
Compared to many investments, properties come with very few risks. While the price of a stock can plummet without warning, a piece of property will always retain most of its value.
Whether you purchase a house or a piece of land like those offered through Michigan White Tail Properties, your property will most likely increase its value. This is especially true in the long-term, as short-term shocks to the real estate market rarely last more than a few years.
Steady Cash Flow
Many investment properties bring a steady flow of cash to the owner in the form of rent payments from tenants. Whether you own a house, condo, or retail space, the tenants will be writing you monthly checks. These can be used to pay the mortgage on the property and supplement your regular income.
Tax Write-Offs
Much of the money you spend on your investment property can be written off on your tax forms. Property owners typically receive significant deductions, not just for the interest on the mortgage but for many other aspects of the operation as well.
If you use a credit card for any purchases related to the property, the interest on the credit card can be written off. You can also write-off your travel expenses when you visit your property, any money you spend on maintenance or repairs, home insurance, and legal fees involved with the property.
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