Becoming a real estate investor can be very rewarding for those interested in starting their journey. There’d in any other investment vehicle. Those benefits are uniquely reserved just for real estate. 

Most real estate investors aim to become financially independent. Others are looking to amass huge fortunes. Both can create generational wealth for their kids. When it comes to earning an income, the traditional 9 to 5 is rather frowned upon and most people spend their entire lives living a routine without breaking out of the rat race. Investing in real estate is an opportunity for both the poor and rich. There is such flexibility when it comes to investing in real estate, there is hardly a barrier to entry. As long as you educate yourself on how to leverage proper strategies to invest in real estate, you can even start with little to no money. 

The rich know one secret. You must put your money to work for you. Each time you invest money, it should bring back more with it. Real estate is no different. If you focus on rental investing, you can create a source of cash flow that pays you every month. If you choose to pursue fix and flips, then you can generate thousands of dollars with the power of leverage. Most successful millionaires have multiple sources of income. Every rental property you purchase is turning your stream of cash flow into a river. 

Now you may be thinking that you can simply put your money in stocks that pay dividends which isn’t a bad strategy. However, did you know real estate has favorable tax benefits that are unlike any other investment? For example, there are so many different write-offs that you can take advantage of that are legal to legally defer having to pay taxes on your income. For example, when you sell an investment property, if you buy a similar property within six months, you can use a 1031 exchange to defer the requirement to pay taxes on your gains as long as you used that money to buy another investment property. Another example is the ability to write off interest and depreciation on your property. By the time your accountant is finished, you will actually show a loss on paper yet keep all the profit. Of course, you should consult with your accountant before doing anything yourself but understand that the economy and government benefit from people purchasing real estate. That is why the tax code was designed to incentivize people to purchase real estate. It stimulates the economy and provides housing for citizens. Take advantage of the tax benefits that are unique to real estate immediately. 

Overall, there are many reasons to become a real estate investor. The list can go on and on. Mentioned are just some of the main reasons why investors pursue real estate investing. Take advantage of the many advantages and benefits of investing and create a life of financial independence and abundance.