I was very lucky to grow up around a family who always invested in real estate. I was able to see firsthand what it was about, more or less, and what the results would yield over time. Aside from a market completely crashing overnight, everything else I could control:
It was my dad that encouraged me to buy as I had enough money saved at that point, and he knew that it would be better spent on a mortgage down payment than on anything else. After a few months of searching, I found one that I liked, one that met all of my criteria. I made an offer, 10% below their asking price, and they accepted! The sellers were very motivated to sell quickly so we made a good deal that met both of our needs. I was sixty days away from owning my first house! It was such an exciting and proud moment for me, as it was my first real estate deal. I will always remember that first experience - of what would later become a full blown real estate business.
With how unsure and shaky the economy has been for the last couple of decades (particularly the global economic recession of 2008), I learned there is no such thing as job security or safety with any company. There is no safety or security for retirement with our government and pensions either. From a young age I was prompted by these conditions to decide and to act upon taking my future into my own hands; to create my own security and pension plan. I have become much savvier in the last several years. I now enjoy a surplus of monthly income from that first house, and all subsequent rental properties that I have acquired since; not to mention the equity that has built up since then.
Since twenty-two, I have been constantly amazed at the seemingly endless benefits from investing in real estate; how it can provide a life of financial success and freedom. The top benefits include:
Consider the fact that almost nobody pays all cash for a home or a real estate investment. In reality, many people finance most (if not all) of the price through a mortgage. As a result, they get the unbelievable benefit of appreciation on the entire value of the property. They receive this benefit while only having to invest a small portion of the purchase price. Even if the market goes up by 5%, you would make a 25% return on your investment; in this case if you put down a 20% down payment. This illustrates the point that one of the most important benefits of real estate is that it is leveraged. Once you have built up an equity position in an investment property, you can leverage that investment for cash in one of two ways:
Bottom line is, this can only be done with Real Estate. The benefits are endless, and the wealth that builds over time, and while you sleep, are incomparable to anything else. Now get out there and start building some wealth!
Share This Post