People I bump into often say “why Real Estate”? Why not stocks or bitcoin, or precious metals or some other hot investment sector?
Well, because Real Estate requires a different mindset is what it really comes down to.
People who get excited about stocks, or bitcoin or gold futures or other shorter term investments are often looking for quick gratification. Note the qualifier there, often.
Sure there are many people using stocks and mutual funds for long term retirement, but they rarely are the ones getting all excited about the next big thing.
These long term visionaries are much closer to being Real Estate investors than they realize.
Why Real Estate?
The simple answer is that it’s one of the simplest most consistent ways to grow your money over the long term.
It actually acts as a hedge against inflation due to property values being driven up by inflation.
You might think of property as a boat at sea and inflation as the ocean. As inflation rises, or the ocean in my example, property values get raised up as well much like the boat on the ocean.
A properly chosen property creates cash flow that can assist you moving forward whether it’s to retirement or as an income supplement.
Perhaps the best part is your tenants are paying down your mortgage every month helping you create more equity and putting you in a more secure position the longer you own it.
Are there challenges associated with Real Estate? Obviously, it’s why many of you are here reading this.
Why Real Estate Isn’t For Everyone
It’s often these challenges that become excellent excuses for people to not invest in Real Estate. After all, isn’t it far easier to simply trust the bank with your retirement funds?
And that’s the crux of the problem. People choose easy rather than smart options. They don’t do their own homework, their own research and they simply hand their dreams and hopes off to someone “more experienced” with investments.
So Real Estate isn’t for everyone, it’s for people who are in it for the long haul. People who are willing to put in some work to manage and maintain their properties. People who are a lot like you who come tot this site to get some insights, learn a few tips and maybe pick up some new ideas to help you become even more educated about your landlord business.
So thank you for not being everyone, but rather for being eager to learn and interested in being educated about what you’re doing.