12/08/2023
Reasons to own rental property:
1. Natural appreciation: the property becomes more valuable over time
2. Forced appreciation: improvements that cause the home value to grow
3. Tax advantages: write off improvements, plus so much more for this list
4. Depreciation: government gives you back the cost of the house over 27.5 yrs
5. Leverage: you can buy real estate for a fraction of its price (example $100k house for $5k down). Can't do that with stocks.
6. Renter pays your mortgage: self explanatory.
7. Increase rent, mortgage is locked: rents increase but a 30 yr term doesn't.
And so many more: hedge against inflation, passive income, debt isn't taxable, time value of money, bonus depreciation....
Reasons not to own rental property:
1. ...
You're welcome. 😉