For a more effortless and secure experience on our site, please consider updating your browser
How Being A Real Estate Investor Can Benefit You - House of Home | Furniture
Sell with Us

How Being A Real Estate Investor Can Benefit You

Whether you are running a lead generation agency or are at an opening level role in a company, one thing is for sure, you want to learn more about investing your money. Investing in real estate has the potential to generate serious financial returns – but it’s not without its risks and challenges. If you’re considering getting into the real estate industry, it’s important to know what you’re getting into, as well as some of the benefits that come along with being part of this dynamic market. The following tips will give you some insight into what to expect from being an investor in real estate, as well as how you can benefit from this type of industry.

How being a real estate investor can benefit you

The Benefits of Investing in Real Estate

While it’s certainly possible to make money as a real estate investor without offering your services, many investors choose to incorporate home-based tasks and duties into their business model. Doing so provides maximum flexibility. And, no matter what you decide to specialise in—buying and selling properties or managing those properties for others—you can set your own schedule. As with any career choice, being a real estate investor offers both benefits and potential pitfalls. 

The True Flexibility of Owning Property

Some people may feel like owning real estate is like being a glorified landlord—but really, being an investor is about freedom. For example, in many states you can legally choose to let your tenants pay rent by automatic withdrawal from their bank account. This means no more late payments and no more excuses. In fact, with direct-deposit rent collection, you don’t even have to deal with cash at all. If you’re looking for convenience and flexibility as well as income and investment opportunities, it might be time to consider buying some real estate of your own.

Managing Risks and Opportunities is Easy with a Team

If you’re reading this, you might be feeling pretty excited about investing in real estate. Now take some time to think through your feelings and approach it with an open mind. While real estate can pay off big, there are risks involved with every investment. Luckily, being a part of a team can help reduce those risks and make sure you take advantage of all opportunities. As long as you understand how much work goes into maintaining your investment, real estate could be for you.

A Lucrative Lifestyle

Investing in real estate is often looked at as a way to make money and have fun at it. It’s also an opportunity to live your life on your own terms, being your own boss, and not having to answer to anyone else. If you have expertise in flipping houses, renovating them, or otherwise improving their condition, that income can be considered passive; it comes without much additional effort. Investing in rental properties means that you’ll need to ensure everything is running smoothly with tenants and their leases; however, many investors enjoy working with tenants who are committed long-term. Being involved in real estate investing provides you with flexibility and control over how much (or little) time you want to put into it.

Creating Passive Income Opportunities

Some real estate investing strategies do involve you working hard to make money, such as flipping properties. But other strategies create passive income, which means you don’t have to work so hard. For example, landlording can be passive because all you need to do is collect rent checks and make sure your property isn’t falling apart.

Legally Minimise Taxes Through Write-Offs

If you’re in real estate, it’s likely that you have to deduct quite a few expenses. Make sure you get every penny out of your tax bill that you can legally. Business meals, travel to and from work, and professional attire are all potential write-offs for an investor. Even if these expenses don’t technically count as business expenses, you can generally deduct them on your taxes so long as they were incurred while conducting business activities. If you don’t know where to start with write-offs, keep track of these three things: what date and purpose each business expense was incurred for; who was present at any business events (including but not limited to clients or fellow investors); and how many people attended each event.