Owning real estate is very beneficial to anyone’s financial future. Whether you buy a Condominium/Townhouse, multi-family, or a single family residence; you can’t go wrong. One very important reason to own real estate is the tax deduction benefits. As a home owner, both the interest paid on a mortgage and property taxes are tax deductible (pay less tax to uncle sam). In addition, when you own a property; you investment historically increases in value (builds equity).
Whether you pay rent or own, you’re still paying a mortgage. The only difference is when you pay rent, you pay your landlords investment but when you own, you pay down your own investment.
If you’d like to begin your journey towards homeownership, we are here to help!