When it comes to real estate, it’s about the downturn in the market, the number of people losing their homes, and how much it’s going to hurt the economy. In the seventeen years that I have worked in the real estate industry, I have experienced every fluctuation in the market. While it is true that many real estate owners are going through difficult times, this rarely happens to knowledgeable real estate investors.
There are people who remain emotionally unattached and invest wisely in real estate. The result is a very comfortable, if not a costly lifestyle. Investing in real estate, especially in times of downturn, can increase an investor’s chances and generate lucrative returns. That is the truth. If you are thinking about becoming a real estate investor or have already made the decision to start, the following information is priceless.
To ensure a comfortable financial future, most of us go to work every day hoping to build a nest egg. Since it is common knowledge that real estate investors have the ability not only to build a nest egg, but also to make a fortune, why don’t more people join the ranks of real estate multimillionaires? Why don’t more people fight for a place in the real estate train?
Well, the truth behind real estate investment is that it is a business and therefore needs to be treated like one in order for it to thrive. Like any other promising business, investing in real estate requires a clearly defined vision, a strategic plan and an entrepreneurial mindset. Despite the overwhelming evidence of success, only a microscopic portion of the population is willing to take the risk of doing and continuing the work. The rest just watch and call those of us who do the work “lucky.
When I started my career in real estate, I didn’t have a plan. I didn’t invest. I didn’t even look beyond my next commission check. What kept me going was the desire to live like the people I worked for, most of whom were real estate investors. Years later, I committed myself to creating serious wealth through real estate. As soon as I consciously committed myself to my goal, I started doing business and making more money than ever before.
I am not one of those investors who take six months off a year. I work with clients all the time, looking at real estate and refining my strategy. There is also a growing number of mentoring/coaching clients and my schedule is officially full. However, I am continually increasing my net worth by doing something that never feels like work.
Besides creating amazing wealth as your own boss and with one or two places to call home, owning a real estate investment business has many other advantages. The following five play a special role for the beginner.
1. secure investment
If we use a timeline to compare the real estate market with other investments, such as the stock market, it is easy to see that real estate continues to appreciate in value over time without serious instability.
Although there is currently a real estate crisis in various parts of the country, each indicator indicates that what we are actually experiencing is a readjustment of the sharply inflated real estate prices. As prices may fall, they will undoubtedly rise over time. In contrast, the stock market has led investors throughout history through a dizzying rollercoaster ride of rapid highs and lows. Whatever market we are in, it is clear that investing in real estate guarantees a return over time.
2. no cash required
For prospective real estate investors, sometimes time is the only investment they can make. For any real estate investor, it is as good as finding a lucrative business. There are many experienced investors with money in their pockets who are out to buy a piece of discounted property. Wholesalers often use this method. Therefore, if you are new to the game, consider finding a deal, tying it up and connecting with an investor who can take it from your hands…. for a price, of course.
3. almost everyone can do it
Real estate is such a lucrative field that it opens doors for countless amateur investors every day. There are tutorials and seminars at every corner that show potential investors a variety of ways they can make huge profits in the real estate market.