Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate.
Here is why you should do it too!
1 The right investment will continue to appreciate
Real estate is real, and it’s always a good idea to put your money in real assets. The right property will always appreciate in value with time. It is not “quick buck” but long term investment that always grows in value with time.
2. Real estate can provide you constant cash flow all year round
Your safest bet is investing in residential properties that produce rental income year-round. Just make sure you understand all of the associated costs of good upkeep of property. Only well kept and maintained properties will bring you good rental return and happy clients!
Choose property in locations that provide consistent cash flow and potential for future appreciation.
3. Buying is smarter than renting
That is no-brainer, with rents nowadays reaching heights where one feels sorry throwing money down the drain, ups – sorry in landlords pocket, it comes exactly to that – throwing money you will never get back, while property you are living in, owned by someone else, still appreciates in value!
Home loans nowadays have very good interest rates and it is worth investing in your own home…yes you will keep paying it off for many years, but you are having asset that while you are enjoying it, still grows in value.
So if any way you can – BUY, don’t rent!
4. People will always need place to live
People may not need cars, jewellery or any other high priced item, but they always need roof over their head!
When developer buys plot to build new building, it’s because he sees demand for it. As long as population is growing, there will be need for accommodation
Supply follows demand, and demand is continuing to rise. Population almost never decrease, which is why the need for housing increases year over year.
5. It’s always a good time to buy real estate
Real estate consistently increases in value over time and outperforms other investments
It’s always a good time to buy real estate. While many are talking about pandemic and recession, we are experiencing strong market, with increasing number of transactions.
Comparing to stock market, in real estate there is no big quick earning, real estate growth takes years, but there is no volatility of stock market either.
Here I’d like to quote known property investor Grant Cardone who said – if you go to the bank and ask them for a loan to buy shares of that same bank – they won’t give it to you… if you ask for loan to buy the property they will give it to you – that says enough!