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Financial benefit means making money from something you own. In the world of real estate, it's when you earn money from your property, like through rent or by selling it for more than you bought it.
Sarah bought a house for $200,000. She rented it out to tenants for a few years, and during that time, she collected $2,000 per month in rent. After five years, she decided to sell the house and managed to sell it for $300,000. In this case, Sarah experienced financial benefit from both the rent she collected and the increased value of her home when she sold it.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
Financial benefit, oh what a treat, it's when owning property turns quite neat,
A monetary gain, it's true, from a home that belongs to you.
Rent it out or sell it high, watch your money multiply,
From ownership, it's clear to see, financial benefit brings much glee.
For Sarah and her house of cheer, the financial benefits were quite near,
Rent and increased value, too, all because of the home she knew.