Getting the Most for Your Value
I think you’ll agree with me that real estate investment deserves a closer look when I tell you that according to many sources 90% of the world’s richest people made their fortunes from property!
So here are just five quick reasons why I think you should consider building yourself a real estate portfolio.
1) Freedom – By working to create a profitable business from your underlying property assets you can free yourself from the shackles of 9 – 5 employment where your creativity is zapped and your potential overlooked! Rhiannon Williamson is a freelance writer whose many articles about international property investing have appeared in publications around the world. Visit her site AmberLamb to read her latest articles. Does that sound like freedom to you? I don’t think so!
2) Leverage – Alternatively, by placing twenty thousand dollars into a property worth one hundred thousand dollars and using a bank’s money in the form of a mortgage to leverage up, you make will make the average annual increase on the full value of the property not just on your twenty thousand dollar investment!
3) Profit Twice – Even during a real estate market down turn when prices stagnate or readjust your property will hold at least the majority of its value before once again attracting positive capital growth when the property market cycle begins to turn to profit again.
4) Consistent Growth – over the last fifty years real estate has doubled in value every seven years. If you average that out that means that property has grown consistently by just over ten percent a year.
5) Passive Income – You will not be able to stop this growth once it starts because each year your properties will go up in value and regularly you’ll be able to push up rental income! This is a passive income that you can take into retirement and hand on to your children and grandchildren when you’re gone.
Are you a barbecue nut? Depending on your family status kids in school or not, married, single, young, middle-aged, nearing or past retirement ageyou might want to factor in the quality and cost of the schools, the tax base, the presence or absence of cultural events, and so forth.
Get all the information you can from the Realtor about each property before you visit it property descriptions, disclosure statements, deed information if available – and read it all. So go for practicality and function, and if necessary add the finishing touches yourself. Aldene Fredenburg is a freelance writer living in southwestern New Hampshire and frequently contributes to Tips and Topics.
A Final Word – There are associated risks and past performance is not an indicator of future potential.
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