There are countless places for you to invest your money. Plenty of funds, bonds, accounts and markets. Nobody allots their finances towards these things without the expectation of and desire for financial gains; even I, a real estate lover will spend what I can afford on cryptos and tesla shares. But the common ground all investors can find lies in the goal of financial security, freedom and success. Here’s why buying your home should be a financial priority of yours, proclaimed “investor” or not.
Let’s talk about appreciation, one of the best perks of owning your real estate. Based off median home prices recorded by redfin.com (https://www.redfin.com/state/Florida/housing-market), if you purchased a home here in July 2017 at $231,900, you would now be sitting on a house worth over $400,000. This kind of appreciation is what us investors and homeowners live for. The equity you build in your home scales alongside any extent of appreciation your home undergoes, making real estate one of the most attractive investment opportunities imaginable. That mortgage payment you dread every month, I see as a “forced” contribution into an appreciating investment account that will one day pay me back in full (at the very least). Our real estate is actually the one and only asset we get to witness appreciating while paying down.
When I take a look at my options as to where I can allocate my finances, I like to zone in on an investment’s potential, and the investments long term security. The tax advantages, the protection against inflation, the ability to use leverage and the ability to cash flow, check off the two boxes of potential and long-term security, making even my single-family house an investment that I’m happy to make. For those in search of optimizing their financial situation, owning instead of renting MUST be a priority. Investing in your mortgage instead of throwing your money away to the landlord is an essential building block in making your way towards financial freedom.
“. . . the net worth of a homeowner was about $300,000 while that of a renter’s was $8,000 in 2021.” States a report from the national association of realtors. https://www.nar.realtor/
We’ve helped countless friends and clients make real estate investments here in central Florida. Whether you’re looking to say goodbye to the landlord or to score another rental property, reach out and we’ll be happy to score you a deal that will take you another step closer to your financial success and freedom.
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