Jon Gardea - Compass

Every week is an opportunity to learn something new 💥 , so I thought I’d share one of the best ways to build long term wealth 💰and combat inflation, owning investment property 🏡 . Some of the incredible benefits to owning an investment property include

1. Substantial Tax Deductions 📉
The tax code in the United States is incredibly favorable for investment property owners, offering a variety of deductions including mortgage interest, property tax, maintenance, and depreciation at 3.636% per year for 27.5 years. This can mean a huge reduction in your overall taxes, including on income from other sources. (Always consult with a CPA or Tax Professional for Tax Advice)

2. Equity 📈
Buying an investment property gives you the chance to build Equity, which is the positive difference between the price you paid for the property and it’s current market value. There are a few interesting ways you can use this equity. Sell the property and collect a profit, refinance the property and access deployable capital to make improvements to the property, or take that capital and purchase another property.

3. Passive Income 💸
If you purchase an investment property with occupied rental units, you will start receiving monthly rental income. If these rents are higher than your expenses, you now have passive income! Sometimes investors will purchase properties that are not yet cash flowing in order to get into the market and build equity, with the idea that eventually the rents will rise above the fixed expenses. In a time of high inflation and rent hikes, this could be an excellent strategy.

The combination of Tax Deductions, Equity Potential, and Passive Income make owning an investment property one of the most beneficial types of assets to hold.
Jon Gardea
310-694-4482
[email protected]
DRE # 02121896
Compass | Santa Monica

Price improvement!! Best priced condo in Santa Monica.

Located in the Wilshire-Montana neighborhood. One block from Montana Ave, walking distance to shops and cafes and eleven blocks from Palisades Park.

📍 933 11th St, Unit 19 Santa Monica, CA, 90403

2 bed 2 bath 897 SqFt
$799,000
$496/mo HOA

Listed By:
The Marc Hernandez Group
Jon Gardea
Luxury Real Estate Agent
COMPASS | The Marc Hernandez Group | Beverly Hills
9454 Wilshire Boulevard, Ground Floor
Beverly Hills, CA 90212
Call/Text: 310-694-4482
Email: [email protected]
DRE #: 02121896

Had a lot of fun yesterday with our team, The Marc Hernandez Group at Compass. Rode around Hollywood on an access celebrity tour bus together then followed up with some really good margs and food at Gracias Madre.

Being from LA, I would have never thought I would have done a celebrity tour but after yesterday I was glad I did because it was a lot of fun and a very unique experience.