Buying a revenue property is a project that many people consider and can be greatly advantageous to your financial well being, as long as one is well informed and has the necessary qualities to take care of such a property.
Several rules govern the purchase of multi-unit residential real estate and Enrico’s experience and expertise make him a great ally wether you are looking to invest in your first “plex” or even if you’re looking to purchase a whole real estate holding with many buildings.
Here are a couple of advantages as to why one should invest in a revenue property:
- Investing in a “plex” allows you to start your investment portfolio by taking a calculated risk. Since real estate values always tend to rise gradually, if you maintain your building well, you should reap long-term benefits.
- The tenants in your building help you pay your mortgage and many of the maintenance expenses can be deducted on your tax return, making it an attractive investment.
- If you are young or self-employed, the purchase of a “plex” could allow you to become a homeowner more easily since the income generated by renting is added advantageously to your financial picture.
- Your “plex” can help you build a pension fund or leave an inheritance to your successors, because when your mortgage is paid off, your building will be an attractive asset that will continue to generate income and will have acquired a resale value.
Owning an investment property definitely comes with many advantages. This is why I highly recommend to get started investing in real estate as early as possible .I offer real estate investors the best investing tools to help them find and analyze investment properties . I have also developed an expertise in finding you the perfect property that may often times be “Off market”
I am constantly looking for buildings and land for sale and lease to meet the needs of my buyers. I’m always on the lookout for multi-unit properties for my bank of potential buyers ready to invest. If you own one of these properties, contact me now, I have your buyer!!!