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Are you thinking about buying a rental property? In our opinion, now is an amazing time to invest in real estate, and there are four main reasons why:
1. Cash flow. If you buy the right property, you can have consistent cash flow over long periods of time.
2. Principal paydown. You can use your cash flow from rents to pay down your principal and increase your equity every month.
3. Tax depreciation. When you file your tax returns, you can use your rental property for deductions on how much you pay.
4. Real estate always appreciates. If you wait long enough, housing prices will always go up. This is the main reason why you should buy a property now rather than later. The sooner you buy, the sooner you can take advantage of your equity.
If you have questions about this topic or anything else, please call or email us. We are always willing to help!
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