8 Reasons Every Hipster Should Own Investment Property
3. You get to make the rules. You like alternative culture, dress, and food, but your investing habits mimic that of middle America. Investing in the stock market? That's too mainstream for your taste. Be different. Want to buy homes in the soon to be cool neighborhood? Do it. Prefer to paint all your houses 5 shades of grey? Done. You write the rules with your property.
4. You care about the environment. Not only can you live and breath the green lifestyle you currently do, you can force your tenants to as well. Why not add solar panels to every house you buy. Buy efficient heating and cooling systems and the latest window technology. Hey it costs more, but it's your investment property and you can do with it what you want. Plus green improvements usually offer tax incentives.
5. You want to build wealth like the average folks, only more of it and faster. Your friends with boring jobs have everything vested in a 401k and you'd like nothing more than to ratchet past them in the course of life. Owning sound real estate investments is sort of like cheating because you use the power of leverage. You leveraged $10,000 into a $100,000 investment home which is growing at 5-10%. They bought $10,000 worth of stocks and have a similar rate. Every year your net worth is potentially increasing 5 times as fast as theirs.
6. You care about social programs, but would prefer government to minimize its taxes on you. - Real estate is perfect if you want to pay less taxes. Buy investment property to shelter your income and realize the benefits of depreciation, interest and expense deductions. Let's not forget to mention the tax deductible travel we talked about earlier.
7. You want your kids to rebel at only the best universities. - The thought of paying for your kids' college tuition all alone makes you sick. Enlist the help of the tenants living in your investment property to do it for you. They pay down the mortgage every month and you unload a house or 2 when your kids hit 18.
8. You secretly like the idea of owning investment property and people paying you rent for once. - Let's face it, it is an underground movement. Something about the people that buy investment property is intriguing. The question is how did they hear about this before you?