You're in love with Mammoth Lakes. We don't blame you.
From the snow-fringe mountain tops beckoning skiers and snowboarders from all over the world to the gorgeous, crystal-clear alpine lakes dotting the landscape, Mammoth is full of natural beauty.
Have you ever thought about buying a home in the area? The local real estate market is flush with opportunities. You don't have to pack up your life- Mammoth is the perfect spot to purchase a second home.
Here are the top 5 reasons why buying an income property in Mammoth is a great idea.
The federal government loves property owners.
They're rewarded with numerous tax benefits. You'll be able to keep more of the money that you make you from your income property than you would from a typical job.
You don't have to worry about the self-employment tax, even if your rental income is your entire support.
You'll probably have extra cash left over each month after you pay all of the bills associated with the property. Your renter should be paying at least a couple hundred bucks more than your mortgage.
This will give you money to play around with. You can bury it in a nest egg or use it to fund other business ventures or pad your lifestyle.
Mammoth is a bustling town with a thriving tourist scene. It's the perfect place to buy a rental property because it's easy to find a well-qualified tenant.
Rental income is relatively stable, passive cash flow. You don't have to do much to earn your money. This is a relief for people used to volatile investments.
Everyone knows that a 9-5 job can be soul-sucking. A huge portion of your life is spent trying to please other people in the office.
When you make money with real estate, you're the boss. You can wake up at noon and have meetings over the phone in your pajamas and slippers.
You can't completely control your property's value, but you can contribute to it.
Inflation causes prices to soar as the value of the dollar sinks.
During times of high inflation, you'll be able to charge more for rent. The property will be worth more. If you have a fixed-rate mortgage, your expenses will stay the same while your cash flow will increase.
You don't have to be afraid of inflation if you buy property in Mammoth.
Real estate tends to become more valuable over time.
A lot of things can happen. But most likely, skiers, snowboarders, and nature lovers are going to continue to flock to Mammoth.
Your property might be worth more in a few years without you having to invest an extra cent.
If you're thinking about investing in real estate, buying a rental property in Mammoth is a fantastic idea. You can create a passive income stream and set up a second home for yourself at the same time.
Take a look at our properties for sale and take note of the ones that catch your eye.
Contact us when you're ready to purchase your second home.