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Buying an income property is a project that many people consider, and one that can prove highly advantageous, provided you are well-informed and have the necessary qualities to look after such a building.

There are a number of rules governing the purchase of residential duplexes, triplexes and quadruplexes.

Here are just a few of the advantages of investing in an income property:

• Investing in a plex allows you to start your investment portfolio with a calculated risk. Since real estate values always tend to rise gradually, if you maintain your building well, you should reap the benefits over the long term;
• Your building’s tenants help pay your mortgage, and many maintenance expenses can be deducted on your tax return, making it an attractive investment;
• If you’re young or self-employed, buying a plex could make it easier for you to become a homeowner, since rental income can be added advantageously to your financial picture;
• Your plex can help you build up a pension fund or leave an inheritance for your successors, because when your mortgage is paid off, your property will be an attractive asset that will continue to generate income and will have acquired resale value.

There are certainly many advantages to owning an investment property. That’s why I recommend investors start a career as a real estate investor. I offer them the best tools to help them find and analyze investment properties on the real estate market.

I’m constantly on the lookout for buildings and land for sale and rent to meet my buyers’ needs. I am always looking for multi-unit properties for a bank of potential buyers ready to invest. If you own one of these properties, contact me now, I have your buyer!!!!