In real estate, it's important you know the difference between the two.
✔️Renting
•After each rent payment that money is gone
•Can't make any changes to the property
•Rental prices can go up with lease renewals
•You're still paying a mortgage, just not your own
•No tax advantages
✔️Owning
•Each payment builds your wealth and equity
•Freedom to renovate
•Monthly mortgage payment stays the same
•You're paying down your own mortgage
•Tax advantages
Any questions? Send them my way 😄
📲 Alina MEKK
alinamekk@kw.com
DRE# 02157204
Keller Williams
Luxury International