Real estate is a strong investment prospect for investors. A 2017 survey found that while the return on residential investment was more than 7% per year, stocks averaged just under seven and bonds averaged three.
This is partly because there are several ways to generate income from real estate. You can easily get in touch with the finest real estate agent in Dakar Senegal.
Image Source: Google
The benefits of investing in real estate:-
1. Cash flow: – One of the biggest advantages of investing in real estate is that renting can generate a steady cash flow. This can cover your mortgage and taxes costs. Additionally, the flow will likely increase over time after your mortgage is paid off.
2. Tax Benefits: – Real estate investors enjoy many tax benefits such as damages and discounts which ultimately reduce their taxable income. You can benefit from long-term tax cuts as you continue to increase your real estate investment over its useful life. You can usually reduce the cost of buying and managing the property.
3. Price increases: – Real estate investors usually generate rental income, profits from dependent companies, and gratitude. The value of a good property in the market is sure to increase with time. Investors can benefit from selling a property when its value increases. In addition, rents can go up and are another way to make a profitable profit.