I own a business in the real estate and construction sector which is my primary income and then I own rental properties.
I love rental properties as a side hustle as they are low maintenance and for these other reasons. 1) Appreciation, they go up in value 2) Rental income increases, my property manager writes section 8 annually and it's amazing the increases of rents year over year. 3) Refi tax free.... pulling capital out without paying taxes is amazing, best part is your tenant repays the mortgage.... and 4), Probably most important, the true magic, is depreciation. I mean it's truly amaazing how much money you save when you reduce your tax burden using depreciation.
Capitalism rewards those who are risk takers.
If you're considering getting into real estate, don't get analysis paralysis.... go with your gut and pull the fucking trigger.... buy it.... you'll thank your former self sooner than you think.
Read "Tax Free Wealth by Tom Wheelright" to understand the tax code.
Then don't forget to reinvest your passive income into your mental and physical well being, which is why we're all here.
I love rental properties as a side hustle as they are low maintenance and for these other reasons. 1) Appreciation, they go up in value 2) Rental income increases, my property manager writes section 8 annually and it's amazing the increases of rents year over year. 3) Refi tax free.... pulling capital out without paying taxes is amazing, best part is your tenant repays the mortgage.... and 4), Probably most important, the true magic, is depreciation. I mean it's truly amaazing how much money you save when you reduce your tax burden using depreciation.
Capitalism rewards those who are risk takers.
If you're considering getting into real estate, don't get analysis paralysis.... go with your gut and pull the fucking trigger.... buy it.... you'll thank your former self sooner than you think.
Read "Tax Free Wealth by Tom Wheelright" to understand the tax code.
Then don't forget to reinvest your passive income into your mental and physical well being, which is why we're all here.


