From the dawn of time, in all countries, it is the rich people who own the real estate. Let this be the simple and clear focus as you study, “Rich people own real estate.”
Here are a few reasons you should be interested in real estate investing:
- More money has been made in real estate than in all other investments combined.
- Ninety percent of all millionaires become so through owning real estate.
- Real estate deals involve tens and hundreds of thousands of dollars; this means that even small percentage gains when buying or selling can yield substantial profits.
- You don’t have to own a lot of real estate to become financially secure.
- Real estate is everywhere and every house, condo, multi-family and lot becomes a possible investment opportunity.
- Real estate can be leveraged to 70% – 90% of appraised value.
- Prices are very subjective.
- Simple research can make you a pricing expert in a short period of time.
- Well maintained properties strengthen the local economy providing quality housing options to those who choose to rent.
