Although we may still be in an economic slump and the real estate market in most areas is somewhat atrocious, there are still many places across the country where long-term real estate investments can be very beneficial and profitable.
If you decide to invest in real estate, you should know that the key to success is hiring the right people for your team to assist you in identifying and purchasing the right kinds of property in the right areas. One of the best places to invest in real estate is in central Texas, in areas like Austin, Round Rock and Georgetown.
These particular areas have seen increases in job growth as well as extremely stable home prices. Population and jobs continue to grow in the Austin area which is a great factor for keeping inventory low and prices stable. Aside from that, however, there are several other reasons that investing in an Austin rental property could be very beneficial.
One reason is the property value benefits of rental properties. Rental properties in Austin have become increasingly popular and successful investments for small investors. Despite the fact that the incredible property value increases of the past have slowed dramatically, long-term upward trends are expected to continue. It has even been shown that investing in an Austin rental property has been more profitable than long-term stock market investments.
Another good reason is revenue benefits of rental properties. Rental properties offer investors the opportunity for a stream of income while still allowing them to leverage their assets with a down payment or loan secured by the property. In addition to that, rental properties offer tax breaks and benefits as well as tax deductions for landlords.
Owning a rental property entitles you to special tax benefits as well. Typically, the cost of repairs and upkeep that you spend on your property is tax deductible. In addition to that, you may also get a tax break for depreciation as well. However, a majority of rental properties do not rely on tax breaks in order to turn a profit. You should definitely look for a property that will rent for more than the monthly mortgage payment, insurance, property taxes, maintenance and repairs.
If you are looking to jump into the home rental market as a landlord, then a perfect place to start out is in central Texas, specifically in the areas of Austin, Round Rock and Georgetown. Home rentals in Texas are a booming industry at the moment so it would definitely be beneficial to strike while the iron is hot.
Source: Central Texas News – The Benefits of Investing in Austin Texas Rental Property
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