Building wealth with rental property
There a several significant benefits to owning investment real estate. When you own income producing real estate you have these benefits.
Cash flow… aka you receive rent money
Debt pay down …. your tenant is paying off your mortgage
Appreciation …. most properties go up in value over time
Depreciation …you are required to depreciate improvements on property meaning the house not the lot it sits on
These four principles are the same for nearly every form of income producing real estate whether it is a farm a duplex or apartment community.
So in essence if you buy your property at the right price you will make a profit monthly all the while you are paying less taxes and it should double in price every 15 years or so. All with someone else paying for it.