HOW MILLENIAL SHOULD INVEST IN REAL ESTATE
WHO IS A MILLENNIAL?
According to Wikipedia, millennials are sometimes referred to as eco-boomers due to a major surge in the birth rate between the 1980s and 1990’s down to 1996. So, if you were born between the years 1980 and 1995, you are referred to as a millennial.
Millennials and investing are not two words that always go together. However, when it comes to real estate investing, they should be. There are many opportunities that are available on the ground and sometimes a millennial can be confused as to what they want to take advantage of. And so, in a bid to doing that, some people get scammed, they don’t understand the opportunity to take advantage of, they don’t have a grasp as to what kind of investment is currently available for them to take advantage of.
WHY SHOULD MILLENNIALS CHOOSE REAL ESTATE?
Starting their career at a young age, millennials represent a stratum of the society who are tech-savvy, well-read and informed about the current economic policies of the country. Hence, they are fully aware of the need to make an early long-term investment in order to enhance their financial security.
LISTEN TO THE ADVICE OF A MILLENNIAL WHO HAS MADE A FORTUNE IN REAL ESTATE…
If you are a millennial looking for some stable investments, here are some few reasons why investing in real estate would be one of the life-changing decisions of your life:
- Profit
Whether you choose to rent out the property or want to fix it up and sell it, as the sole owner you will receive all of the profit. Keep in mind that the money earned from passive monthly rent also offers numerous tax benefits, as well as additional investment opportunities. For example, you can use this passive income which is an income that gives you money, again and again, to purchase additional investment properties, and thus increase your monthly earnings.
2. Tax Benefits
As mentioned in the first benefit, there are several potential tax benefits that you can enjoy when you own real estate investment properties as an individual. One of these tax benefits is the ability to write off expenses that are associated with your rental property. You can also leverage pass-through deductions in some cases.
3. Flexibility and Control
As an individual investor, you get to determine the “where, when, what, why, and how much” for each of your investment properties. This means that you have complete control over your portfolio, so that, with the help of a trusted investment consultant, you can purchase properties that meet your specific needs and help you achieve your financial goals.
4. Real Estate is a Tangible Asset
Owning a tangible real estate asset is more appealing than an intangible asset, like stocks. The benefit of owning a tangible asset rather than stocks is the appreciation potential for buy-and-hold investors. Even if a housing market struggles for a number of years, history shows that a property will eventually appreciate or grow in value. And savvy Millennials investing in strong markets should expect to enjoy steady monthly cash flow from their real estate property investments.
5. It’s A Source of Passive Income
Millennials are often known for their dislike towards 9–5 jobs, but a significant number of them don’t find ways to create passive streams of income. Ironic, right?
Simply put, passive income is where you earn money even when you’re not actively working. Real estate is arguably the best source of passive income out there. Imagine owning a property that you can rent out for twice or thrice the cost. If you invest in the right place, with the right location and appreciation rates, you can practically retire before you’re fifty. That means less time in the office, more time doing the things you want.
The main reason why most millennials get it wrong is that they are investing for the short term instead of long term. There is no time like the present for millennials to join the ranks of savvy real estate investors. With the help of a trusted mentor, you can learn from the best as you establish your real estate investment strategy and analyze your available finances.
To know more about Middlechase Property Limited, click on the link below: Middlechase Property Limited or call 08186577504.
