Honeybee Home Buyers does more than purchase property; we also sell it to investors. If you’re debating about whether or not to invest in real estate, check out the following ways you could benefit by purchasing property today.
If you live in the Arlington area, contact Honeybee Home Buyers today for more information about the homes we have available for sale.
When you purchase additional real estate, you can rent the home out to make additional income. This will not only help you pay for the mortgage, but you can set a monthly rental rate that actually helps you make a profit.
Purchasing real estate is a one-time investment that allows you to receive a monthly income that you don’t have to work for. You’ll be able to save more money, invest in future properties, and make repairs as needed without any hassle.
Purchasing a home is a low-risk investment because homes continue to increase in value over time. Not only will you be making money when you rent out the home, but you’ll most likely be able to sell it for more than you purchased it for if you ever decide to sell.
This is also the case when flipping houses. You purchase a home as-is for a low price, make updates and renovations, then sell it for profit.
Increased Income Stability
Purchasing real estate is also a great way to diversify your income. As a low-risk investment with a guaranteed income, investing in property creates a more diversified investment portfolio, which, in turn, makes it more valuable.
This is because, even though the economy fluctuates, having multiple sources of income will keep your above water.
Take Advantage Of The Market
The housing market is always changing, shifting from a seller’s market to a buyer’s market regularly. Keep an eye out for when less people are buying and look for properties with the highest value for the lowest price. You’ll be able to negotiate more effectively because, in a buyer’s market, the buyer has the upper hand.
You Can Use Leverage
There are several ways you can leverage your investment in real estate — using rental income to pay down the mortgage is only one of them.
When applying for financing, you’re likely to receive more money than what you’ll pay out of pocket because real estate is a tangible, hard asset. You can leverage the potential return on your investment to receive more financing for the initial costs of purchasing.
You can also leverage your time. You can own a property and still hire a property management company to take care of your real estate. They’ll take a percentage to take care of day-to-day management and repairs so you don’t have to worry about it.
There are plenty more reasons to invest in real estate, like tax incentives, hedge funds, renewable capital, and more. If you’re ready to invest, contact Honeybee Home Buyers in Arlington today. We are always purchasing homes to turn around and sell to investors.