Hajra Naz
Billionaire Andrew Carnegie once said that 90% of millionaires have made their wealth by investing in real estate. Well, he was right and this stands true for every decade. It was confirmed in the pre-depression era and even in the modern era, most millionaires are linked to the realty business. The reason is simple, people need homes.
To answer the question, Is investing in real estate still a good idea? Let’s take a look at some interesting insights.
CNBC covered a detailed post talking about 9 investors who weigh the importance of investing in real estate.
No one can deny the fact that owning an asset makes you rich. Real estate investment is by far the best, its value and price increase, in the long run, makes the investment very lucrative.
Speaking about residential property income, one can generate income all year round. If you buy a property and put it for rent, you can earn a good, steady income, and at the same time, the price of your property continues to rise, for years ahead.
Investors who have made good fortune with real estate believe, it is always a great investment because of available options. No other investment gives you so many options than real estate. If you invest in bonds or stocks, your success depends on many factors, mostly out of your control. With real estate, you are always in control and have many options.
Everybody needs a place to live. This gives real estate investment huge importance over any other investment. As an investor, you can buy one property, to begin with, use the money by selling it at a higher price, and re-invest the money to buy more properties.
Through sale and purchase, by putting properties on rent, you are better destined to make 7 figure income than any other investment. Please look at this update on Blairsville real estate for more ideas.
In the book Rich Dad Poor Dad, the rich dad advises his son to invest. The best investment today is a real estate business. It is costly but the return on investment is safe and realistically speaking, unmatched by any other investment.
