3 Reasons Income Property Is A Good Investment
What Is Income Property?
To keep things simple, Income property is a property bought or developed with the intention of possibly earning income from your investment. Income properties can come in different forms, most common are residential properties, such as single-family homes or multi-family properties, or they can be commercial properties as well. Money is generally made through holding the property and renting it out or selling the property after the value of the property has appreciated.
There is a myriad of reasons why income property is a good investment and we'll help narrow it down to our Top 3 reasons why investing in real estate is always a good option.
Number one reason to generate income from your investment is renting it out which will provide a regular income that can cover or help with monthly mortgage costs. Any money left after paying your expenses will be money in your pocket.
One of the best things about investing in real estate is that you can buy it using a small amount of your own money, while borrowing the rest, often four to twenty times more, from a lender. In this regard, you can purchase a home and over time, your property value would have increased significantly.
As a rental property owner, you are entitled to huge tax deductions. You can write-off the following:
- Interest on your mortgage
- Maintenance repair
- Property Taxes
- Legal and Professional Fees
Investment Options in Ventura County
Real estate is generally a great investment option. It can provide an ongoing passive income and can be a good long-term investment as its value increases over time. If you are on the lookout for investment opportunities in Ventura County, check out the three properties below 👇
5552 Floyd St.
VENTURA, CA 93003
Owner will finance! Lease/option and consider other flexible financial options! Located 2 minutes from Ventura County Government Center in the prestigious Camden Neighborhood. This large home features over 3200 SF of open living space. Freshly painted throughout, this very clean home has lots of natural light, a rare 12' x 18' office space and a beautifully updated family kitchen w/ new stainless steel appliances, a large granite island counter that opens to both the family room w fireplace and the backyard with a large Organic Garden. The Double garage features storage and a work area by Closet Connections and Elfa shelving. One bedroom and bath downstairs and three bedrooms and two bathrooms upstairs which includes the Master bedroom and master bath with walk in closets, jet tub and separate shower area. Upstairs includes a Utility room w/ Samsung washer/dryer/sink. The home features large tiles downstairs and wood flooring in the bedroom and office. Close to highly rated schools, shopping and dining! Great house! Great location! Great price!
829 Empire Ave.
VENTURA, CA 93003
Fully renovated duplex! New kitchen! New bathrooms! New plumbing! New water softener! New reverse osmosis system! New floors! New paint! New backyard! New sprinkler system! Both sides are 2 bedrooms, 2 baths. One side is rented for $2100. Owner lives in the other. Has large patio, plus generous size yard. 2 car garage! Walking distance to Pacific View Shopping Center. Rare find!
NEWBURY PARK, CA 91320
With our vast connections and network, we can offer you a much wider variety of selections that you won't find elsewhere. Listings offered for sale by the owner or homes recently withdrawn, or coming soon listings, we want to make sure we won't leave any stone unturned when it comes to finding the right property for you.
Here's an off-market listing fixer-upper that needs a little bit more lovin' like new paint, carpet, a bit of roof repairs, sliding & garage doors. Kitchens and bathrooms are in good, clean condition. Seller wants quick easy sale. After repair value is about $800K. Highly motivated seller and will surely look at all offers.