The most lucrative reason to buy a property is that it becomes a secure income source with minimum time and effort. You can own a property or land for years, direct the cash flow towards a retirement fund, or even pay off your debts with this passive income.
The goal of every investor is to make money. Your property should give you a return on investment (ROI) that you can either save or reinvest. Property investment offers you a stream of cash flow in the form of monthly rent. It can cover expenses like mortgage payments, property taxes, and operation costs.
The cash flow from an investment property is practically tax-free. Additionally, property investors can deduct most of the expenses related to owning and managing an investment property, like property taxes, insurance, mortgage interests, and operational expenses.