Real estate investing is the #1 way to build wealth, and on today’s show, you’re going to learn five powerful ways that buying rental properties can change your life. I always like to say that investing in real estate is not a get-rich-quick scheme, so please keep in mind as you learn about these benefits, some of them are long-term.
If you’re someone who can set a goal, stick to it, and wait for your hard work to pay off, then you’re going to want to hear these five ways that owning rental properties can change your life. Click play to learn more!
More About This Show
- Combating inflation. Everyone is feeling the pinch of inflation these days, but did you know that real estate can actually provide protection in times of inflation? Let me explain: a rental property is a hard, tangible asset that maintains its value when inflation rises. When prices of goods and services increase, rental rates rise as well, acting as a hedge against inflation. Additionally, property values tend to increase during inflationary periods, leaving investors with increased equity and additional purchasing power to grow their portfolios even further. There are few scenarios in which inflation is an advantage, but real estate is one of them. Talk about life changing, especially in this economy.
- Optimizing your time. Investing in real estate allows you to reclaim your time. Most people go to their 9-5 every day, trading their time for dollars. But when you buy rental properties, you can make your money work for you and create a passive income that funds your lifestyle. Time is the most important commodity, and when you learn to earn an income through rental properties, you’re afforded freedom of your time.
- Creating financial freedom. Adding income streams builds financial independence, outside of your job, your 401k, the government, or any other entity. Not to mention, when you’re mapping out your goals through real estate, youget to determine your potential: not your boss or your career’s industry standards. When you work toward financial freedom, you get to set a goal that’s based on your personal finances and standards. If you want to learn more about this, be sure to download my free PDF, the Freedom Cheat Sheet. The cheat sheet walks you through this goal setting process and helps you determine how much rental income you’d need every month in order to be financially free. You can grab it for free – just visit morrisinvest.com/freedom and put in your email address. If you put this formula to work, I promise you’ll see your life change.
- Reducing taxes. One of the most powerful ways that rental properties can change your life is an overall reduction of taxes. If you’re in a highly taxed income bracket, buying rental properties can help mitigate your overall tax burden. In the eyes of the government, providing housing is a favorable act, so investors are offered a multitude of tax incentives and deductions. I’ve seen firsthand that this can be lifechanging for high income earners. And even if you’re not in a high tax bracket, you can still reap multiple tax benefits when you invest in real estate.
- Creating generational wealth. There is so much potential to build generation wealth when you own rental properties. Think about passing down a portfolio of cash flowing assets to your children to help them live financially free as well. Every parent wants the next generation to be happier, healthier, and more successful – so when you can put in the work to learn about building passive income and buying performing assets, you can hand down valuable lessons and cash flowing assets to your children.
As you can see, buying rental real estate offers numerous financial advantages that can allow you to build wealth, protect that wealth, and pass it on to future generations. For more real estate investing content, I’d love to have you subscribe to the channel.
And if you’re interested in learning more about our process and how we help investors reach their investing goals, come on over to our website and schedule a free call. Go to morrisinvest.com, click on the red “book a call” button, and let us know when you’ve got 30-minutes to discuss your financial snapshot and investing goals.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to
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