Thinking about buying an investment property? Make sure you read this blog post to discover 5 reasons to buy an investment property this spring in Maryland…
Are you thinking about buying an investment property in the near future? You can buy any time of year but you may want to think about buying this spring.
5 reasons to buy an investment property this spring in Maryland…
Reason #1 To Move Forward
Spring is a time of optimism. Whether you live in sunny Florida or in the snow-covered northern states, January to March is a time when people feel the laziest and least motivated.
Many New Year’s resolutions have been made and broken and people drag themselves through February and into March. Then, there is a change in the weather with sunnier days and new growth happening around us which brings more energy and a sense of renewed purpose. So use the next month or so to analyze different properties, buy one or more, and start receiving the benefits of having an investment property
So use the next month or so to analyze different properties, buy one or more, and start receiving the benefits of having an investment property
Reason #2 To maintain your 90 Day Cycle
Research has shown that people who are most successful at accomplishing their goals have a plan of action for each 90-day cycle. As mentioned above, people shuffle through January and February but as spring arrives, there is a renewed determination to refocus and move towards financial freedom.
Maybe your goal is to buy several investment properties this year. By buying one in the spring, then you can plan and look around and buy your second or third property in the fall and reach your target.
Reason #3 To Reap The Financial Benefit
When people wait for October or November to buy an investment property they are not reaping the financial rewards throughout the year. Tax breaks and rental income will benefit you for most of the year rather than for just a few months at the end of the year.
Reason #4 To Get It Done Before Summer
Summer is busy and routines change. Our schedule gets interrupted and plans and goals get postponed. Eliminate the temptation to put off buying an investment property because the majority that don’t buy in the spring end up buying in the fall, which leads to the missed benefits of maintaining motivation and receiving income for a longer period of time.
Buy in the next few months and then enjoy your summer holidays. Taking action NOW leaves you with fewer regrets LATER.
Reason #5 To Become Financially Free Faster
Maybe you are just starting out in real estate investing or maybe this is the last rental property that you need to have your passive income become more than your expenses.
Either way, buying a cash flowing property this spring will help you become financially free. Financial freedom arrives when income that you don’t have to work for (passive income) is more than your monthly expenses.
There are many reasons to invest but these are 5 reasons to buy an investment property this spring in Maryland.