This strategy simply means buying and holding properties long-term, regardless of short-term market shifts. It's a ‘passive’ approach, requiring minimal intervention after the initial purchase.
BENEFITS INCLUDE
1. PASSIVE INCOME
Renting out properties provides a steady income stream, offering financial stability regardless of market conditions.
2. PROPERTY APPRECIATION
Over time, properties tend to increase in value, boosting your overall investment portfolio.
3. TAX ADVANTAGES
Property investors can benefit from various tax deductions, such as mortgage interest and property depreciation.
DRAWBACKS
1. MARKET RISKS
Property values may decrease due to various factors, potentially leading to lower returns or even losses.
2. MAINTENENCE COSTS
Owning rental properties entails ongoing maintenance expenses, which can affect your cash flow.
TEAM SONI CAN HELP
At SONI Wealth, we specialize in tailored property investment strategies to help you build wealth through property. Book Your Consultation with our Team Members today!