Like other nations, Thailand, too, saw a decline in employment during the global COVID-19 pandemic. Shubhodeep Prasanta Das and the management of Hylife IBC put together a team during such a critical period to help boost the country.
This team was established to develop goods and services in various regions of Thailand, wherever the influence of COVID was minimal. The Hylife Group chose to conduct business in Chiang Mai since it was at the top of the list. Many enterprises were founded, which assisted in distributing cash during these difficult times.
Benefits of investing in the real estate business:
- Owning real estate is a way to boost your monthly income. Whether you invest in commercial real estate or residential, you can rent out your space to tenants. You’ll then receive a monthly income in the form of rent checks.
- You can sell your property for a healthy profit if its value rises over time. But keep in mind: Recognition isn’t a certainty. You must invest in the appropriate kind of real estate to get those high profits.
- You can hold the real estate for several years while you wait for it to appreciate because it is a long-term investment. As you wait to expect your property’s value to increase, you may also make a monthly income by renting out your real estate.
- Real estate investing has tax advantages. Your real estate taxes, loan interest, estate management costs, homeowners insurance, maintenance and upkeep, and repairs are just a few of the costs related to owning real estate that gets written off. The gain you earn if you sell the land for more than what you acquired for it won’t be subject to income tax.
The market is volatile in terms of real estate value and pricing. But, once you understand the process, you can boost a lot of revenue for yourself and your company.